Giovanni Simonetti
Junior Data Analyst, Flux
Strong Week for European Margins
Refinery Margins Report for the week ending 19 June
In the week ending 19 June, Refinery Margins showed varied movements across regions. Asian Refinery Margins ended at $25.75/bbl, up $0.94/bbl w/w. European Refinery Margins saw the largest increase, closing at $17.43/bbl, a rise of $2.23/bbl w/w. US Refinery Margins slightly increased to $28.15/bbl, up $1.10/bbl w/w.
- European margins experienced notable movements in the Naphtha and EBOB Cracks. The Naphtha Crack showed significant strength, rising by +$3.50/bbl w/w, marking the largest weekly change. Meanwhile, the EBOB Crack also increased, gaining +$2.13/bbl w/w. The GO Crack saw the biggest decline falling -$2.2/bbl w/w.
- Asian margins displayed varied movements, with the 92 Dubai Crack showing strength, increasing by +$2.16/bbl w/w. MOPJ Crack rose in both the Brent and Dubai Cracks, gaining +$3.11/bbl w/w and +$5.34/bbl respectively, marking the largest increase in the region. Conversely, the 380 Dub saw a decline, falling by -$1.11/bbl w/w, followed by Sing Gasoil Crack which fell by -$2.77/bbl w/w.
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