MOL CFO Sees Average Brent Oil Price $100-$110 A Barrel in 2013
May 14 2013 - 4:05AM
Dow Jones News
By Veronika Gulyas
BUDAPEST--Hungarian oil and gas company MOL Nyrt. (MOL.BU),
Hungary's largest oil and gas firm by assets and market share,
expects Brent oil prices to be in the $100-$110 range a barrel in
2013, MOL Group's chief financial officer said Tuesday in a
conference call after the company published its first-quarter
results late Monday.
Jozsef Simola expected a slight deterioration in gasoline and
diesel crack spreads in 2013 compared to average levels in 2012. He
forecast average gasoline crack spread between $120-$160 per metric
ton compared with $190 in 2012, and diesel crack spread between
$100-$140 a ton compared to $130 a ton a year earlier.
Hydrocarbon output is estimated at 110,000 barrels of oil
equivalent a day this year, which compares to 118,500 on average
last year.
Write to Veronika Gulyas at veronika.gulyas@dowjones.com
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