Total: refining margin down in Q4

(CercleFinance.com) - According to the European Refining Margin Indicator (ERMI), Total's refining margin shrank to 35.
5 dollars per tonne in Q4 2017, down from 48.2 dollars in Q3 and 41 dollars a year earlier.

The ERMI indicator represents a complex theoretical North European refinery located in Rotterdam, which processes a cocktail of crude oil that is representative of the region's average supply for the provision of major products listed in the same zone.

In addition, the oil group said that over the past quarter, the average price of Brent was 61.3 dollars per barrel, the average price of liquid sales was 57.6 dollars per barrel and that of gas was 4.23 dollars per Mbtu.


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