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Margins Weaken in all Regions

Refinery Margins Report for the week ending 13 February
Published: February 16, 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 13 February, Refinery Margins fell across all three regions. European M1 Margins down to $5.69/bbl (-$1.14/bbl w/w), US Margins down to $15.69/bbl (+$0.53/bbl w/w), and Asian M1 Margins down to $8.85/bbl (-$0.63/bbl w/w).

  • Asian margins were weak: Sing Gasoil cracks fell by -$1.35/bbl w/w, and 92 Cracks fell by -$1.54/bbl. Dubai Cracks  also weakened: Gasoil Dubai Cracks fell by -$2.162/bbl, and Kero Dubai Cracks fell by -$0.96/bbl. w/w.
  • In Europe, Gasoil Crack was weak, falling by -$1.96/bbl w/w, EBOB Crack was also weak falling by -$1.04/bbl.

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