Ampol's Lytton Refiner Margin in 1H May Positively Surprise -- Market Talk

Dow Jones

01-20

2211 GMT - Ampol's Lytton refiner margin in 1H could be better than the market expects, says Morgan Stanley. Ampol has reported a 1Q LRM of US$1.48/bbl, driven by maintenance at its Lytton refinery and regional refining weakness. MS expects the LRM recovered to US$4.12/bbl across 1H as a whole, while acknowledging that consensus expectations are for US$3.94/bbl. "While we anticipate refining margins to moderate to more than US$10/bbl in 2025 with upside volatility, fuel and convenience could face ongoing headwinds," MS says ahead of a likely update from Ampol. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

January 19, 2025 17:11 ET (22:11 GMT)

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Ampol has reported a 1Q LRM of US$1.48/bbl, driven by maintenance at its Lytton refinery and regional refining weakness. MS expects the LRM recovered to US$4.12/bbl across 1H as a whole, while acknowledging that consensus expectations are for US$3.94/bbl. \"While we anticipate refining margins to moderate to more than US$10/bbl in 2025 with upside volatility, fuel and convenience could face ongoing headwinds,\" MS says ahead of a likely update from Ampol. 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Ampol has reported a 1Q LRM of US$1.48/bbl, driven by maintenance at its Lytton refinery and regional refining weakness. MS expects the LRM recovered to US$4.12/bbl across 1H as a whole, while acknowledging that consensus expectations are for US$3.94/bbl. \"While we anticipate refining margins to moderate to more than US$10/bbl in 2025 with upside volatility, fuel and convenience could face ongoing headwinds,\" MS says ahead of a likely update from Ampol. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 19, 2025 17:11 ET (22:11 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2504549005","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2504549005","pubTimestamp":1737324660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2211 GMT - Ampol's Lytton refiner margin in 1H could be better than the market expects, says Morgan Stanley. Ampol has reported a 1Q LRM of US$1.48/bbl, driven by maintenance at its Lytton refinery and regional refining weakness. MS expects the LRM recovered to US$4.12/bbl across 1H as a whole, while acknowledging that consensus expectations are for US$3.94/bbl. \"While we anticipate refining margins to moderate to more than US$10/bbl in 2025 with upside volatility, fuel and convenience could face ongoing headwinds,\" MS says ahead of a likely update from Ampol. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Ampol的Lytton炼油厂上半年利润率可能会令人惊喜——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALD.AU":0.9},"content_text":"2211 GMT - Ampol's Lytton refiner margin in 1H could be better than the market expects, says Morgan Stanley. Ampol has reported a 1Q LRM of US$1.48/bbl, driven by maintenance at its Lytton refinery and regional refining weakness. MS expects the LRM recovered to US$4.12/bbl across 1H as a whole, while acknowledging that consensus expectations are for US$3.94/bbl. \"While we anticipate refining margins to moderate to more than US$10/bbl in 2025 with upside volatility, fuel and convenience could face ongoing headwinds,\" MS says ahead of a likely update from Ampol. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 19, 2025 17:11 ET (22:11 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}