ILUSTRASI. Japan's second-biggest oil refiner Idemitsu Kosan Co on Tuesday raised its annual profit forecast by 70%. REUTERS/Kim Kyung-Hoon/File Photo GLOBAL BUSINESS WEEK AHEAD
Sumber: Reuters | Editor: Anastasia Lilin Yuliantina
KONTAN.CO.ID - TOKYO. Japan's second-biggest oil refiner Idemitsu Kosan Co on Tuesday raised its annual profit forecast by 70% after reporting record first-quarter earnings, buoyed by higher prices of oil and thermal coal.
Like global energy companies, Idemitsu has benefited from stronger crude oil prices, which translate into higher prices for refined products and increased inventory values.
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