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Asian Margins Rally Amid Gains While US and European Markets Decline

Refinery Margins Report for the week ending 16 October
Published: October 19, 2026
Written by:
Giovanni Simonetti

Giovanni Simonetti

Junior Data Analyst, Flux
Giovanni Simonetti
11 page report
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In the week ending 16 October, refinery margins across US, Asian, and European markets showed varied price action. The US M1 margin concluded at $38.43/bbl, experiencing a notable drop of -$3.92/bbl w/w. Meanwhile, Asia reached $35.29/bbl with a slight upward move of +$0.44/bbl w/w. Europe settled at $25.54/bbl, marking a decline of -$0.93/bbl w/w.

  • European Margins: European refinery margins saw mixed movement during the week; EBOB Crack fell by -$7.20/bbl w/w to $23.02/bbl, Naphtha Crack fell by -$1.45/bbl w/w to -$4.25/bbl, and GO Crack rose +$1.24/bbl w/w to $85.16/bbl while 0.5 Bgs Crack moved up slightly +$2.15/bbl w/w to $2.15/bbl.
  • Asian Margins: Asian margins showed broad movement across both benchmarks during the week ending 16 October; on Dubai cracks, 380 Dubai Crack rose significantly +$6.54/bbl w/w to $11.62/bbl and GO Dubai Crack increased +$2.23/bbl w/w to $86.27/bbl, while Kero Dubai Crack moved up slightly +$3.36/bbl w/w to $68.79/bbl. On Brent cracks, 380 Crack rose significantly +$5.63/bbl w/w to $13.11/bbl, and Sing 0.5 Crack increased +$2.95/bbl w/w to $26.75/bbl and S10 BRT moved up slightly +$2.45/bbl w/w to $68.78/bbl.

Written by

Giovanni Simonetti

Junior Data Analyst, Flux
Giovanni Simonetti

About Refinery Margins Report

A weekly free report encompassing regional refinery economics based on proprietary yields of financial swaps contracts

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