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Margins Fall in US and Europe

Refinery Margins Report for the week ending 05 June
Published: June 8, 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 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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