Repsol Postpones Oil Refinery Work in Spain as Margins Climb

Updated on
  • Maintenance at Cartagena pushed back to 2016 amid margins boom
  • Low crude price seen supporting refining profits to year-end

Repsol SA, Spain’s largest oil company, said it will postpone maintenance at its joint-biggest refinery, fueling speculation that collapsing crude prices are boosting margins and encouraging European plants to limit routine works.

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