Oil markets have recovered much of the loss they suffered in March and April.
The price of oil slipped this week, as fears of a second wave of infection mounted. But refining equities "are up sharply" since bottoming out on March 23, according to a note published Thursday by analysts at Goldman Sachs led by Neil Mehta. "Within our refining coverage, we prefer stocks with high levels of business diversification," the bank's analysts said, citing other business lines like retail, or gas stations, and midstream services, such as transporting fuels. Those will help "help insulate select refiners from near-term volatility."
"While we believe the margin environment for chemicals will be challenged in the near-term, we believe the stable earnings stream from midstream and strong near-term margins for the marketing business should help offset the refining and chemicals volatility," the bank said of Phillips 66. One reason the analysts favor Valero is because of its renewable diesel business. Renewable diesel is similar to biodiesel in that it's produced using biomass.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
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