Galp Reaches Record in Refining: Margin Shoots at $33.8 per Barrel, the Highest Value Ever

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Galp's refining margin reaches $33.8 per barrel in the third quarter, but freight costs are firing because oil tankers are diverting to longer routes to avoid attacks.

Jornal Expresso

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In the second quarter of 2022 Galp had had a record refining margin of about $20 per barrel, in the context of the energy crisis caused by the war in Ukraine. But now, at the Middle East war ride, the company's margin went to $33.8 per barrel

Sapo

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Petroleum today released the operational results between July and September.

SIC Notícias

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It recorded an increase from $9.5 per barrel recorded in the same period, and more than doubled from $16.8 in the previous quarter.

Correio da Manhã

IOL Portugal

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IOL Portugal

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Refinement margin rose from $9.5 per barrel recorded in the same period, and more than doubled from $16.8 in the previous quarter.

Noticias ao Minuto

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Galp recorded a more than tripled refining margin in the third quarter, reaching $33.8 per barrel of oil equivalent, according to preliminary data released by the company.