Mita Chaturvedi
Research Associate, Flux
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Refinery Margins Weaken in Europe, Rise in Asia
In the week ending 04 Sep, the M1 Asian refinery margin climbed by $1.30/bbl, while the back-end Q2'27 Asian margin rose by $4.80/bbl....
Published: September 7, 2026
Written by:
Mita Chaturvedi
11 page report
In the week ending 04 Sep, the M1 Asian refinery margin climbed by $1.30/bbl, while the back-end Q2'27 Asian margin rose by $4.80/bbl. These gains in the front were driven by a stronger products complex, especially Sing 10ppm gasoil and Sing 92 gasoline, despite Dubai crude being stronger.
Meanwhile, the M1 European refinery margin fell, although this was largely exacerbated by a roll-down in M1 EBOB prices. ICE gasoil supported the M1 European refinery margin. Meanwhile, the deferred Q1'27 and Q2'27 margins climbed by $2.55/bbl and $2.60/bbl in the week ending 04 Sep.
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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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