Galp reaches second-highest refining margin ever amid Middle East crisis

Tuesday, 14 April 2026RSS
Galp reaches second-highest refining margin ever amid Middle East crisis

The Portuguese oil company saw its refining margin rise from 6.9 to 14.8 dollars per barrel between the last quarter of 2025 and the start of 2026, driven by the war in the Middle East and the blockade of the Strait of Hormuz.

Context & Explainers

Galp is Portugal’s integrated energy company operating in fuel, natural gas, electricity retail, refining and upstream activities, and it supplies households and businesses across the country. For expats, issues at Galp—such as recent billing disruptions—can mean unexpected large utility bills or service problems, so check your account, contact the supplier and keep billing records.

View full article on expresso.pt

RSS source