
Neste Oyj Faces Margin Pressure Amid Market Volatility: Third Quarter Results Show Decline
Neste Oyj, a leader in renewable fuels, has released its third-quarter financial results, revealing a challenging market environment impacting margins.
Neste Oil Corporation is an independent northern European oil refining and marketing company. Neste Oil is divided into five divisions: Oil Refining, Oil Retail, Renewable Fuels, Shipping and Specialty Products. The activities cover the refining and marketing of oil, Shipping and Engineering services. Main products are gasolines, diesel fuels, aviation fuels, marine fuels, heating oils, heavy fuel oils, base oils, lubricants, traffic fuel components, solvents, LPGs and bitumen. Most of the oil products are sold in the domestic market. Exports of oil products amounted to 5.6 million tonnes. The Nordic countries and North America were the largest export markets