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Strong European Margins

Refinery Margins Report for the week ending 08 May
Published: May 11, 2026
Written by:
Giovanni Simonetti

Giovanni Simonetti

Junior Data Analyst, Flux
Giovanni Simonetti
Reviewed by:
Harinder Sandhu

Harinder Sandhu

Quantitative Research Associate, Flux
Harinder Sandhu
11 page report
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In the week ending 08 May, Refinery Margins were strong in Europe and US. Asian M1 Margins however, fell to $27.64/bbl on 05 May, before recovering to $29.48/bbl (-$0.48/bbl w/w). European Margins rallied to $18.69/bbl (+$3.41/bbl w/w). US M1 Margins fell to $31.76/bbl on 07 May before rallying to to $33.22/bbl (+$0.39/bbl w/w).

  • European margins saw strength in Fuel and Gasoilne: 3.5 Barges Crack rising  +$3.3/bbl w/w, and  EBOB Crack by +$2.23/bbl w/w. 3.5 Gasoil Crack, however, fell by -$1.83/bbl.
  • Asian margins saw some strength in Brent Cracks: 380 Crack rose by +$3.22/bbl, and 92 Crack up +$1.23/bbl. Asian Dubai Cracks however were weak: Kero Dubai Crack down -$4.51/bbl, and Gasoil Dubai Crack down -$4.28/bbl.

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