Giovanni Simonetti
Junior Data Analyst, Flux
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Refinery Margins Rise Across US, Europe, and Asia Last Week
Refinery Margins Report for the week ending 31 July
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.
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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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