Giovanni Simonetti
Junior Data Analyst, Flux
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Asian Refinery Margin soars, Europe and US see declines
Refinery Margins Report for the week ending 27 July
In the week ending July 24, Asian Refinery Margin experienced substantial growth, moving from levels around $39.41 to a peak of $42.98 before closing at $42.71, an increase of +$5.58/bbl w/w. European Refinery Margin closed the week at $23.60, showing a decrease of -$3.96/bbl w/w. US Refinery Margin finished at $37.90, demonstrating a slight decline in value by -$1.87/bbl w/w.
- European Margins: The M1 European Cracks showed mixed trends last week. EBOB Crack saw a significant decline of -$2.97/bbl w/w to $33.63/bbl, while GO Crack rose by $2.54/bbl w/w to $69.46/bbl. Naphtha Crack moved up by $1.9/bbl w/w to -$0.30/bbl, and 3.5 Bgs Crack fell by -$1.4/bbl w/w to -$9.40/bbl.
- Asian Margins: Overall Asian cracks displayed positive movements across various products. On Dubai cracks, Kero Dubai Crack was the biggest mover rising $6.39/bbl w/w to $70.68/bbl, followed by 92 Dubai Crack which increased $5.93/bbl w/w to $33.03/bbl. On Brent cracks, S10 BRT margin saw the largest weekly jump of $6.93/bbl w/w to $65.93/bbl, with 92 Crack also moving up by $4.98/bbl w/w to $26.28/bbl.
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About Refinery Margins Report
A weekly free report encompassing regional refinery economics based on proprietary yields of financial swaps contracts
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