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Global refinery market weakness hits Parkland Corp.'s Burnaby refinery

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CALGARY — Fuel retailer Parkland Corp. lowered its full-year earnings forecast Thursday, as sluggish market conditions continue to take a bite out of margins at the company's Burnaby, B.C. refinery.

CALGARY — Fuel retailer Parkland Corp. lowered its full-year earnings forecast Thursday, as sluggish market conditions continue to take a bite out of margins at the company's Burnaby, B.C. refinery.

Some U.S. refiners have announced plans to temporarily curb their output as a result of the weak market conditions.

 

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Parkland lowers full-year earnings forecast as global refinery market weakness weighsParkland is experiencing similar challenges to refiners worldwide, as the industry deals with a glut of fuel supply and weak global economic conditions that have reduced demand
Source: globebusiness - 🏆 31. / 66 Read more »