Date: Jul 31, 2017
By: Staff writer
The average cost of its crude oil rose to US$48.85 per barrel this week from NT$47.89 a week earlier, reflecting concerns about a steady increase in US crude oil inventories and lower investment by the largest US independent refiners this year, which might prompt other shale oil producers to follow suit, CPC said.
Formosa Petrochemical Corp (台塑石化) announced similar price increases on Saturday. [FULL STORY]