News Formal

Parkland lowers full-year earnings forecast as global refinery market weakness weighs

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 66%

Energy News

Canada Canada Latest News,Canada Canada Headlines

Parkland 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

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 31. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Five things to watch for in the Canadian business world in the coming weekFive things to watch for in the Canadian business world in the coming week: Bank of Canada, GDP figures, and results for Enbridge, Parkland, and Imperial Oil.
Source: CTVNews - 🏆 1. / 99 Read more »