NZ Refining’s refinery margins improve in May and June

NZ Refining’s refinery margins improve in May and June
Aug. 10 (BusinessDesk) – New Zealand Refining, which operates the nation’s only oil refinery, said refinery fees improved to average US$4.92 a barrel in the months of May and June, up from US$4.01 in the previous two months, contributing to an average for the first six months of the year of US$4.36. But the latest figures from NZ Refining are still well below the average margins achieved at the refinery last year, when they averaged $US6.11 a barrel. Current margins are more comparable with 2009, when the average for the year was US$4.16, alt...