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Another Week of Strong Margins

Refinery Margins Report for the week ending 27 February
Published: March 2, 2026
Written by:
Giovanni Simonetti

Giovanni Simonetti

Junior Data Analyst, Flux
Giovanni Simonetti
Reviewed by:
Harinder Sandhu

Harinder Sandhu

Quantitative Research Associate, Flux
Harinder Sandhu
11 page report
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In the week ending 27 February, Refinery Margins rose across all three regions. European M1 Margins up to $8.73/bbl (+$1.80/bbl w/w), US Margins up to $19.10/bbl (+$2.28/bbl w/w), and Asian M1 Margins up to $10.94/bbl (+$1.18/bbl w/w).

  • Asian margins were strong: Sing 0.5 cracks rose by +$1.63/bbl w/w, and Sing Gasoil Crack rose by +$0.96/bbl. Dubai Cracks were strong: Gasoil Dubai Cracks increased by +$2.54/bbl, Kero Dubai Cracks rose by +$1.97/bbl w/w.
  • In Europe, Gasoil Crack was the biggest mover, rising by +$2.04/bbl w/w.

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