Oil Refineries Ltd traded at 142.00 this Wednesday June 17th, decreasing 3.00 or 2.07 percent since the previous trading session. Looking back, over the last four weeks, Oil Refineries lost 23.94 percent. Over the last 12 months, its price rose by 63.97 percent. Looking ahead, we forecast Oil Refineries Ltd to be priced at 146.97 by the end of this quarter and at 133.64 in one year, according to Trading Economics global macro models projections and analysts expectations.
Oil Refineries Ltd is an Israel-based oil refinery company. The Company is engaged in three areas of operation: Refining, Petrochemicals and Trade segment. The Company mainly deals in the production of crude oil products, polymers used as raw materials in the plastics industry, aromatic materials for the chemical and petrochemical Industries and basic oils and waxes used as raw materials in the production of other products. The products primarily go to local consumption, while the outstanding balance is exported to the Mediterranean basin. Oil Refineries Ltd is active in the polymers and aromatics fields, through its holdings, Carmel Olefins Ltd. and wholly owned subsidiary, Gadiv Petrochemical Industries Ltd.