- In the week ending 21 November, Refinery Margins contracted across all regions: Asian M1 Margins down to $12.64/bbl (-$0.42/bbl w/w), European M1 Margins down to $10.53/bbl (-$1.83/bbl w/w), and US Margins down to $16.51/bbl (+$1.95/bbl w/w).
- Asian margins were driven down by Sing 92 cracks, which fell by -$2.70/bbl w/w. The 380 Brent Crack and the Sing 0.5 Crack also fell on the week by -$1.09/bbl and -$1.53/bbl respectively. Dubai Cracks also contracted, 92 Dubai Crack, fell by -$2.543/bbl and 380 Dubai Cracks fell by -$1.37/bbl.
- In Europe EBOB crack was the biggest mover, falling by -$2.61/bbl w/w, while 3.5 Barges Cracks also weakened, falling by -$2.04/bbl.
