Geopolitical tensions in the Middle East are creating favorable conditions for
Geopolitical tensions in the Middle East are creating favorable conditions for Greece’s energy and metals industries, as higher refining margins and rising aluminum prices improve the outlook for several major companies.
In its morning market commentary, Optima Bank said Greek refineries are likely to be among the main beneficiaries of the current market environment. Strong demand for so-called “middle distillates” — refined petroleum products such as diesel and jet fuel — is expected to support stronger earnings forecasts for 2026.
Greek refineries seen as key beneficiaries
According to the bank’s estimates, the current market conditions could push profitability higher for two of Greece’s largest refining companies, Motor Oil and Hellenic Energy.
Optima Bank projects that by 2026 Motor Oil could report earnings before interest, taxes, depreciation and amortization (EBITDA) of about €1.094 billion and net profits of €604 million.
For Hellenic Energy, the bank forecasts EBITDA of roughly €1.003 billion and net profits of €393 million.
A key factor behind these projections is the companies’ production mix. A significant share of their output consists of middle distillates, particularly diesel and jet fuel, which have recently seen strong refining margins in European markets.
Middle East
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