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Repsol (REP SM) CEO says Co. is fully prepared for a US listing of its upstream unit, but this is not a priority at the moment, and it will not happen this year
StockNow breaking-news AI analysis
Repsol postpones its US upstream listing to prioritize operational resilience, maintaining high refining margins and energy security measures despite ongoing geopolitical volatility in the Strait of Hormuz.
News detail
Prepared for the worst-case scenario for Hormuz. Have enough kerosene capacity to meet Spain's demand, leaving up to 30% of output available for other countries. Even if the Hormuz crisis normalised tomorrow, the refining margin for the year would be above USD 20/bbl.
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