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Idemitsu Lifts Annual Profit Forecast on Higher Oil and Coal Prices

Selasa, 09 Agustus 2022 | 16:34 WIB
Idemitsu Lifts Annual Profit Forecast on Higher Oil and Coal Prices

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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