Giovanni Simonetti
Junior Data Analyst, Flux
US and Europe Margins Surge, Asia Sees Modest Rise
Refinery Margins Report for the week ending 26 June
In the week ending 26 June, US Refinery Margin experienced the most significant change, closing at $31.30/bbl, up $3.15/bbl w/w. It rose steadily from $28.15/bbl on 19 June, peaking at $32.15/bbl on 25 June. The Asian Refinery Margin ended at $27.02/bbl, slightly up by $1.27/bbl w/w. Meanwhile, the European Refinery Margin increased to $21.44/bbl, marking a rise of $4.01/bbl w/w.
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- European margins experienced notable movements in the 3.5 Bgs Crack and GO Crack. The 3.5 Bgs Crack saw a significant decline, falling by -$1.26/bbl w/w, ending at -$9.60/bbl. Meanwhile, the GO Crack strengthened, rising by $4.21/bbl w/w to close at $44.38/bbl.
- Asian margins were marked by substantial shifts in several products. The Gasoil Dubai Crack also saw a notable increase, rising by $3.39/bbl w/w, closing at $51.11/bbl. The Sing Gasoil Crack similarly increased this week by +$2.43/bbl w/w. The Ker Dub Crack followed a similar trend, increasing by $1.01/bbl w/w to end at $43.01/bbl. The Sing 0.5 Crack also saw a $1.95/bbl w/w increase.
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