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Israel's Oil Refineries moves to Q1 profit, sees post-pandemic recovery

By Reuters Staff
2 Min Read
JERUSALEM (Reuters) - Israel’s Oil Refineries (ORL) said on Sunday it swung to a profit in the first quarter citing the country’s gradual recovery from the coronavirus pandemic, which had hit refining margins.
ORL, Israel’s largest refining and petrochemicals group, reported a $55 million net profit in the January-March period compared with a $146 million loss a year earlier. Revenue dipped 10% to $1.28 billion.
Its adjusted refining margin was $4.3 a barrel in the first quarter, compared with $1.7 a year earlier and above Reuters’ quoted Mediterranean Ural Cracking Margin of negative $0.2.
CEO Moshe Kaplinsky also commented on the uncertainty regarding plans for developing Haifa, the port city in northern Israel where ORL is based. ‮A‬ government panel has recommended phasing out the petrochemical industry in Haifa’s bay within a decade in favor of other sectors and to improve air quality. ....

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Welcome To IANS Live - INTERNATIONAL - Sadiq Khan wins 2nd term as London Mayor

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London, May 9 (IANS) Incumbent London Mayor Sadiq Khan has won a second term in office, beating his Conservative rival Shaun Bailey, following the local elections held last week, the media reported on Sunday.
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Update: 09-May-2021 ....

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Welcome To IANS Live - LatestNews - Gene linked to balding may up Covid severity in men

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New York, May 9 (IANS) Men with a common form of hormone-sensitive hair loss are more prone to being hospitalised and at risk for ICU admission due to Covid-19, researchers have found.
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Update: 09-May-2021 ....

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5 Loại Quả Giàu Canxi Chẳng Kém Gì Sữa, Mẹ Nên Bổ Sung Cho Con Để Cao Lớn Mỗi Ngày

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5 loại quả giàu canxi chẳng kém gì sữa, mẹ nên bổ sung cho con để cao

5 loại quả giàu canxi chẳng kém gì sữa, mẹ nên bổ sung cho con để cao
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