Essar Oil UK, which owns and operates the Stanlow refinery, on May 23 said its net profit rose over three-fold to USD 244 million in 2015-16, aided by cost optimisation measures
Jason Feer, Vice President and Singapore Bureau Chief of Argus Media told CNBC-TV18 that if the contagion spreads to the neighbouring countries surrounding Libya, these additional disruptions could see crude oil prices heading even higher.