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Refinery Margins Rise Across US, Europe, and Asia Last Week

Refinery Margins Report for the week ending 31 July
Published: August 3, 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 31, refinery margins across US, Asia, and Europe generally moved higher. Asian Margins closed at $42.87/bbl, reflecting a slight rise of +$0.16/bbl w/w. European Refinery Margins showed strong weekly movement, starting near $23.60/bbl before finishing at $25.51/bbl (+1.91/bbl w/w). US Refinery Margins concluded the week at $38.69/bbl, posting an increase of +$0.79/bbl w/w.

  • European Margins: European refinery margins saw varied changes last week. GO Crack rose +$5.32/bbl w/w to reach a level of $70.73/bbl, while 0.5 Bgs Crack rose by +$2.10/bbl w/w to $8.23/bbl. However, the negative momentum was shown in the 3.5 Bgs Crack which fell -$2.19/bbl w/w to a level of -$9.70/bbl.
  • Asian Margins: Asia saw strong movements across both cracking indices, particularly driven by GO Crack in Dubai with a weekly increase of +$9.15/bbl to $91.34/bbl. On Brent cracks, Sing 0.5 Crack emerged as the biggest mover, rising +$4.10/bbl w/w to $20.74/bbl. Additionally, S10 BRT increased by +$1.38/bbl w/w to $61.55/bbl. In Dubai cracks, Kero Crack sharply fell by -$0.77 $/bbl w/w to hit a level of $68.75/bbl, while MOPJ Dubai Crack slightly declined by -$0.25/bbl w/w to its current level of $8.14/bbl.

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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