Giovanni Simonetti
Junior Data Analyst, Flux
Asian & European Margins Rally, US Gains Hold Steady
Refinery Margins Report for the week ending 03 July
In the week ending 03 July, refinery margins showed positive movement across all regions. European margins experienced volatility, rising from $21.44/bbl on 26 June to a peak of $24.88/bbl before settling at $22.34/bbl (+$0.90/bbl w/w). Asian margins reached $27.83/bbl (+$0.81/bbl w/w), while US margins recorded a final level of $31.69/bbl, up +$0.39/bbl w/w.
- European Margins: European margins experienced notable movements in the GO and EBOB Cracks. The GO Crack showed significant strength, rising by +$8.00/bbl w/w, marking the largest weekly change. Meanwhile, the EBOB Crack also increased, gaining +$3.45/bbl w/w.
- Asian Margins: Asian margins displayed varied movements across both crack types. On Dubai cracks, the Kero Dub showed strength, increasing by +$5.46/bbl w/w, followed by GO Dubai Crack which gained +$6.59/bbl w/w. On Brent cracks, S10 BRT demonstrated solid growth, rising +$6.62/bbl w/w, while the MOPJ Brent Crack also increased significantly, gaining +$3.00/bbl w/w.
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