Caltex (ASX:CTX) has provided an update on its Caltex Refiner Margin (CRM) for the month of June.
According to the company, June Unlagged CRM was $8.25 per barrel, this compares with a price of $12.02 per barrel in May and is below the prior year comparative of $12.36.
The company’s realised CRM came in at $8.63 per barrel below the forecast of $12 per barrel due to lower actual refiner margins in the second half of June 2018, and higher crude premiums relating to a late June cargo.
Sales from production in June of 555 ML were above the prior month and above the prior year comparative.
Shares in Caltex (ASX:CTX) are trading down 0.22 per cent to $31.94.