Giovanni Simonetti
Junior Data Analyst, Flux
Weakness in Asia, Strength in Europe
Refinery Margins Report for the week ending 12 June
In the week ending 12 June, Refinery Margins showed varied movements across regions. Asian Refinery Margin closed at $24.81/bbl, down -$1.67/bbl w/w. European Refinery Margin ended at $15.20/bbl, up +$1.05/bbl w/w. US Refinery Margin finished at $27.05/bbl, slightly down by -$0.03/bbl w/w.
- 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 -$2.45/bbl w/w, ending at -$8.30/bbl. Meanwhile, the GO Crack also weakened, dropping by -$3.89/bbl w/w to close at $42.37/bbl.
- Asian margins were marked by substantial shifts in several products. The 380 Dub Crack experienced a sharp decline, falling by -$2.68/bbl w/w to $0.20/bbl. The Gasoil/Dubai Crack also saw a notable decrease, falling by -$4.90/bbl w/w, closing at $47.71/bbl. The Kero Dub Crack followed a similar trend, dropping by -$5.86/bbl w/w to end at $42.65/bbl.
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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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