Refining margins slipped late in the quarter, although the decline at least partially was offset by stronger marketing margins.
12.
The bigger question mark is : What is going to happen to their marketing margins in Austria this year?
13.
Marketing margins, however, suffered from the effects of consumer protests against fuel taxes in Britain and elsewhere in Europe.
14.
Refining and marketing margins in Europe have averaged $ 9.20 a barrel so far this quarter, compared with $ 10.57.
15.
Low inventories of heating oil and other refined products will keep refining margins firm, though marketing margins may shrink, he said.
16.
The improved results over the second quarter of 2002 were from higher refining and marketing margins, partially offset by higher refining utility costs.
17.
Refining and marketing margins in Europe have averaged $ 9 . 20 a barrel so far this quarter, compared with $ 10 . 57.
18.
"Refining and marketing margins, which are volatile and highly unpredictable, continue to disappoint even most pessimists, " said Fadel Gheit, a Fahnestock & Co . analyst.
19.
"Refining and marketing margins, which are volatile and highly unpredictable, continue to disappoint even most pessimists, " said Fadel Gheit, a Fahnestock & AMP; Co . analyst.
20.
"Marketing margins declined over the last five months of 1997 due to time lags in the recovery of higher supply costs under the Government's product pricing machanism.
