In the domestic stock market on the morning of the 10th, oil refining-related stocks such as SK Innovation and S-Oil are showing a rising trend.
As of 9:54 a.m. on the day, SK Innovation is trading at 133,400 won per share, up 4.22% from the previous trading day. At the same time, S-Oil is also moving at 59,900 won, up 4.72%.
This is analyzed to be the aftermath of news that the facilities of the large Kirishi Refinery near Saint Petersburg, Russia, were damaged due to an attempted drone attack by Ukraine over the past weekend. Earlier, local media including TASS news agency reported, citing government officials, that drone fragments fell and damaged the external structure of the refinery's storage tanks. Kirishi Refinery is Russia's second-largest refinery, capable of processing 20,000 tons annually.
In addition, the recent decline in international oil prices has led to a favorable refining margin for oil companies, which is also contributing to expectations of improved performance for these companies. The securities industry also expects that due to the tariff measures imposed by the Donald Trump administration on Canadian and Mexican crude oil, export volumes from Canada, the world's fourth-largest oil producer, will flow into countries like Korea, resulting in benefits for Asian refiners.
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