Giovanni Simonetti
Junior Data Analyst, Flux
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Margins Fall in US and Europe
Refinery Margins Report for the week ending 05 June
In the week ending 05 June, Refinery Margins saw strength in Asia but fell in Europe and US. Asian M1 Margins initially fell to $24.88/bbl on 04 May before rallying to $26.48/bbl (+$0.89/bbl w/w) on 05 May. M1 European Margins similarly fell to $13.13/bbl on 04 May and recovered slightly to $14.15/bbl (-$1.03/bbl w/w) on 05 May. US M1 Margins fell to $27.02/bbl (-$0.53/bbl w/w).
- European margins saw weakness in Naphtha and Fuel: Naphtha Crack falling -$2.52/bbl w/w, and 3.5 Barge Crack by -$1.94/bbl w/w. Gasoil Crack saw some strength rallying +$2.74/bbl w/w.
- Asian margins saw strength in 92 Dubai Crack and Kero Dubai Crack, the contracts increasing by +$4.09/bbl w/w and +$5.43/bbl w/w respectively. MOPJ Crack and 380 Crack contributed to some weakness, the first falling by -$1.48/bbl w/w, the latter by -$1.82/bbl w/w.
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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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