0329 GMT - S-Oil could post better-than-expected 4Q earnings on solid refining margins, Hyundai Motor Securities analyst Kang Dong-jin writes in a note. The Saudi Aramco-controlled refiner based in South Korea could also gain from the recently improving paraxylene margins, Kang says. He raises his 4Q operating profit forecast for S-Oil by 42% to KRW431.40 billion. The analyst says the business environment could become more favorable for S-Oil if rival Chinese refiners struggle to import and process lower-priced heavy sour crude from Venezuela following the U.S. capture of former Venezuelan President Maduro. The Venezuelan crude could be diverted to the U.S. market, instead of China, he adds. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
January 15, 2026 22:29 ET (03:29 GMT)
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