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Weak US and Asian Margins

Refinery Margins Report for the week ending 10 April
Published: April 13, 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 10 April, Refinery Margins weakened in Asia and US. European M1 Margins however, rallied to $15.58/bbl on 10 Apr (+$3.23/bbl w/w). US Margins rallied to $32.94/bbl on 7 Apr but fell to $28.00/bbl (-$2.29/bbl w/w) on 10 Apr. Asian M1 Margins moved similar to US margins, falling to $32.72/bbl (-$2.77/bbl w/w).

  • European margins were driven by some strength in EBOB Crack and Naphtha Crack w/w:  EBOB crack rose +$0.68/bbl w/w, and Naphtha Crack rose by +$1.10/bbl. Gasoil Crack , however, fell by -$10.32/bbl.
  • Asian margins fell on weak Gasoil Cracks:  Sing Gasoil Crack fell by -$13.54/bbl, GO Dubai Crack down -$14.96/bbl. MOPJ Dubai Crack saw some strength rising +$2.87/bbl w/w.

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