CORRECT: NZ Refining margins improve as crude oil prices fall

Fri, 14 Nov 2014

(Fixes increase in cost reduction in 6th graph) By Paul McBeth Nov. 14 (BusinessDesk) - New Zealand Refining, which operates the Marsden Point refinery, expects to be more competitive as margins improve with the falling price of crude oil, and has almost repaid the outstanding processing fees it charged its shareholding customers that was triggered by a downturn in refining margins. The Whangarei-based company's gross refinery margin rose to US$7.54 per barrel in September/October from US$6.75 a barrel in July/August, as it benefited f...

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