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Global Refinery Gains: US Margin Surges while Others Rise

Refinery Margins Report for the week ending 10 July
Published: July 13, 2026
Written by:
Giovanni Simonetti

Giovanni Simonetti

Junior Data Analyst, Flux
Giovanni Simonetti
Reviewed by:
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
11 page report
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In the week ending July 10, refinery margins saw positive movement across all three regions. Asian Refinery Margin closed at $28.78, noting a slight increase of +$0.95/bbl w/w. European Refinery Margin also moved up to $24.47, adding +$2.13/bbl w/w compared to the previous week. The US Refinery Margin experienced its largest weekly change, surging to close at $35.24/bbl, gaining +$3.55/bbl w/w.

  • European Margins: European margins experienced notable movements in several products. The GO Crack strengthened, rising by $7.46/bbl w/w to close at $56.89/bbl. Meanwhile, 0.5 Bgs Crack moved up by $2.05/bbl w/w, ending at $6.60/bbl. Naphtha Crack also saw a small rise of $1.50/bbl w/w to close at -$2.30/bbl.
  • Asian Margins: Asian margins were marked by substantial shifts in several products across both Dubai and Brent cracks. On Dubai Cracks, GO Dubai showed a significant increase, rising by $7.24/bbl w/w to close at $63.76/bbl. The Kero Dubai Crack followed suit with an increase of $4.14/bbl w/w to end at $49.86/bbl. On Brent Cracks, S10 BRT also strengthened, rising by $5.31/bbl w/w to close at $47.76/bbl. Furthermore, Sing 0.5 Crack moved up by $4.33/bbl w/w.

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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