Giovanni Simonetti
Junior Data Analyst, Flux
Global Refinery Gains: US Margin Surges while Others Rise
Refinery Margins Report for the week ending 10 July
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.
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