Total SA Refining Indicator: 3Q 2009 Margins $6.6/Ton
October 15 2009 - 2:37AM
Dow Jones News
Profit from turning crude oil into refined products in the third
quarter this year fell to $6.6 a metric ton from $12.4 a ton in the
second quarter of 2009.
Total's margin indicator reflects the difference between the
market price of refined products, such as gasoline and diesel fuel,
and the cost of buying a selection of crude oils. Total's data also
take into account variable costs ,such as the energy needed to run
a refinery.
Total also said Wednesday that the average price of Brent crude
over the third quarter rose to $68.1 a barrel from $59.1 a barrel
in the previous three month period.
Company Web site: www.total.com
-By William Horobin and Adam Mitchell, Dow Jones Newswires, +33
1 4017 1740; william.horobin@dowjones.com