Giovanni Simonetti
Junior Data Analyst, Flux
Our reports are now published by The Officials, and accessible through the Flux platform. Login to Flux 4.0 to view them, or visit The Officials website to learn more and sign up to a free trial.
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.
Written by
About Refinery Margins Report
A weekly free report encompassing regional refinery economics based on proprietary yields of financial swaps contracts
More News
Brent Strengthens as Russian Exports Fall 50% Y/Y
Brent climbs to $103.68 as Russia's product exports rise but fuel exports crash on drone attacks; Syria offers cheaper diesel amid protests;
Yanbu, We Have A Problem
In a triple-digit flat price and crack environment, expect greater frequency of jawboning efforts from the White House...
14 page report
Eastern Strength Falters
Sing 380/0.5 cracks ease from highs as OI nears 5yr peak; Euro barge cracks rebound; VLSFO E/W consolidates, 380 E/W weakens further.
Brent Eases, Meanwhile India Vows to Protect Its Domestic Energy Security
Brent slips to $103.50 as India defends Russian oil ties, Asian LNG demand falls, Chile mulls ethanol blend, US eases trucker hours.