SEOUL, Nov 4 (Reuters) - South Korea's S-Oil (010950.KS) , opens new tab, whose main shareholder is Saudi Aramco (2222.SE) , opens new tab, on Monday said it expects fourth-quarter regional refining margin to regain momentum from seasonal demand growth under limited supply conditions.

Over the July-September period, the refiner said it operated the crude distillation units (CDUs) at its 669,000 barrels-per-day (bpd) oil refinery in the southeastern city of Ulsan at 93.3% of capacity, the same level as in the first half of 2024.

S-Oil said in an earnings presentation that it plans to shut its No.1 CDU in the fourth quarter for scheduled maintenance.

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https://www.reuters.com/business/energy/s-oil-expects-q4-refining-margin-regain-momentum-2024-11-04/