Caltex Refiner Margin results down for June | Finance News Network

Caltex Refiner Margin results down for June

Company News

by Anna Napoli

 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.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.