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European margins fall amid mild drops in US and Asian refinery margins

Refinery Margins Report for the week ending 23 October
Published: October 26, 2026
Written by:
Giovanni Simonetti

Giovanni Simonetti

Junior Data Analyst, Flux
Giovanni Simonetti
11 page report
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In the week ending 23 October, Asian Refinery Margin closed at $32.11/bbl, showing a weekly decrease of -$2.75/bbl w/w. European Refinery Margin experienced a significant decline from starting near $25.54/bbl to end at $19.67/bbl over the week, registering a drop of -$6.79/bbl w/w. US Refinery Margin ended at $37.50/bbl and saw a minor weekly decrease of -$0.31/bbl w/w.

  • European Margins: European refinery margins saw mixed movement during the week; EBOB Crack fell by -$5.49/bbl w/w to $17.54/bbl, 0.5 Bgs Crack fell by -$3.05/bbl w/w to -$0.90/bbl, and Naphtha Crack fell by -$1.15/bbl w/w to -$5.40/bbl.
  • Asian Margins: Asian margins showed broad movement across both benchmarks during the week ending 23 October; on Dubai cracks, Kero Dubai Crack fell by -$3.77/bbl w/w to $65.02/bbl and GO Dubai Crack fell slightly by -$1.61/bbl w/w to $84.66/bbl while 380 Dubai Crack fell by -$5.20/bbl w/w to $6.41/bbl. On Brent cracks, Sing 0.5 Crack rose up slightly +$0.25/bbl w/w to $27.00/bbl and MOPJ Crack fell by -$1.77/bbl w/w to $2.86/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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