Bulletin Updates

PKN Orlen faces a decline in demand and profitability – 27 Feb 2023

Feb 27, 2023

After a successful use of its refining capacity in the fourth quarter of 2022, Poland's integrated PKN Orlen expects demand and profitability for refined products to fall this year, because of the weakening economy and new refining capacity coming up in the United States, the Middle East Gulf, Asia-Pacific, and Africa, the company forecasts refining margins to fall to around $11/bl by 2023, down from over $19/bl presently.

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