Giovanni Simonetti
Junior Data Analyst, Flux
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Strength in US Margins
Refinery Margins Strengthened across all regions, with US increasing the most by +$1.16/bbl w/w
In the week ending 16 January, Refinery Margins saw some strength in all regions: Asian M1 Margins up to $9.20/bbl (+$0.02/bbl w/w), European M1 Margins up to $6.09/bbl (+$0.40/bbl w/w), and US Margins up to $12.74/bbl (+$1.16/bbl w/w).
- Asian margins were mixed: Sing Gasoil cracks rallied by +$1.05/bbl w/w, while 92 Crack fell on the week by -$1.12/bbl. Dubai Cracks were also similarly mixed: MOPJ Dubai Cracks fell by -$1.45/bbl, and 92 Dubai Cracks fell by -$2.22/bbl. w/w. Gasoil Dubai Crack rose by +1.43/bbl w/w.
- In Europe Gasoil Crack was the biggest mover, rising by +$1.69/bbl w/w, 3.5 Barge Crack also rose by +1.3/bbl w/w. EBOB Crack and Naphtha Crack saw some weakness falling by -$1.12/bbl and -$0.95/bbl respectively.
About Refinery Margins Report
A weekly free report encompassing regional refinery economics based on proprietary yields of financial swaps contracts
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