In the week ending 29 August, refinery margins fell down the forward curve, with M1 Asian Refinery Margins down to $6.44/bbl, M1 European margins to $8.44/bbl, and M1 US margins down to $13.39/bbl.
- Weakening across both the Brent and Dubai product cracks drove down Asian Margins, with the Kero/Dubai crack falling by $1.05/bbl w/w and the Gasoil and Sing 0.5 Brent Cracks falling by $0.69/bbl and $0.58/bbl respectively.
- Cracks in Europe also weakened slightly with both GO and EBOB Cracks falling by $0.38/bbl over the week.
- 3.5 Bgs Crack saw the largest drop on a Monthly basis, with the M1 Crack in Europe falling by $2.05/bbl.
