Marked by quite a few paradigm-shifting occasions, the year 1989 noticed the collapse of the Berlin Wall and the beginning of your publish- Chilly War time period, along with the introduction on the Internet and the beginning of the common availability of the online market place.
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We history our commodity inventories on the main-in-to start with-out foundation. Due to this fact, major latest period of time fluctuations in industry rates as well as the volumes we hold in stock might have favorable or unfavorable impacts on our refining margins as compared to similar metrics employed by other publicly-traded corporations inside the refining business.
Refining Margin, adjusted for Inventory Valuation Impacts - Refining Margin altered to exclude the impression of latest time period industry cost and quantity fluctuations on crude oil and refined merchandise inventories obtained in prior periods and decreased of Expense or Web realizable price adjustments, if relevant.
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