Repsol Increases Kerosene Output Amid Supply Disruptions
Repsol reported a 57 percent rise in first-quarter profit and plans to boost kerosene production by up to 20 percent to address global jet fuel shortages.
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REPSOL SA will increase kerosene production by 15% to 20% following first-quarter adjusted net profit gains of 57% to 873 million euros. The output boost targets global jet fuel shortages caused by the Middle East conflict. Investors are tracking how European refiners capitalize on high margins and supply disruptions to fund shareholder distributions.
