SK Innovation sees strong refining margins; battery unit keeps break-even target

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SK Innovation sees strong refining margins; battery unit keeps break-even target - Channel News Asia

Quick Summary:

SEOUL :SK Innovation said on Thursday it expects strong oil refining margins in the second half of the year as OPEC+ production cuts buoy prices and the peak demand season for transportation, cooling and industrial use begins.

FILE PHOTO: An oil truck moves after loading oil at the main factory of SK Energy in Ulsan, South Korea.

Last month, a senior executive said SK On was in talks with automakers to supply prismatic batteries, in addition to its mainstay pouch-type batteries.