In the week ending 15 August, refinery margins fell down the forward curve, with M1 Asian Refinery Margins down to $7.78/bbl and M1 European margins to $8.25/bbl.
- Weakening across the Dubai cracks were the main driver in Asian Margins, with the GO/Dubai crack falling by $2.14/bbl w/w and the Kero and 380 Cracks falling by $1.55/bbl and $1.50/bbl respectively.
- Similarly, in Europe Gasoil Crack fell by $1.60/bbl, and the 3.5 Bgs Crack fell by $1.20/bbl w/w.
- Gasoil Cracks saw the largest drop on a Monthly basis, with the M1 Crack in Europe falling by $3.71/bbl, the GO/Dubai Crack fell by $7.47/bbl and the Asian M1 GO/Brent Crack falling by $9.13/bbl.
