Total supply and trading volumes for middle distillates and other oil products jumped 61.5% on-year to reach a record 32.6 million tonnes in FY2016.
SINGAPORE (Feb 23): Jet fuel trader China Aviation Oil (Singapore) announced a 45.1% increase in FY16 earnings to US$88.9 million ($125.7 million), backed by higher gross profit and increased contributions from the group’s associated companies.
FY16 revenue rose 30.2% to US$11.7 billion from a year ago, mainly attributable to the increase in supply and trading volumes.
