- In the week ending 12 December, Refinery Margins fell across all regions: Asian M1 Margins down to $10.61/bbl (-$0.16/bbl w/w), European M1 Margins down to $7.66/bbl (-$1.04/bbl w/w), and US Margins down to $13.44/bbl (-$1.29/bbl w/w).
- Asian margins were driven down by Sing Gasoil cracks, which fell by -$0.72/bbl w/w. The 380 Crack also fell on the week by -$0.33/bbl. Dubai Cracks however saw some strength with MOPJ Dubai Cracks rising by +$0.82/bbl, and 92 Dubai Cracks rose by +$1.21/bbl. w/w.
- In Europe 3.5 Bgs crack were the biggest mover, falling by -$0.88/bbl w/w, while GO Cracks also weakened, falling by -$0.65/bbl.

