Giovanni Simonetti
Junior Data Analyst, Flux
Refinery Margins: Weakness Across all Regions
Week to 9 Jan: Refinery margins fell—Asia $9.18 (-0.40), Europe $5.69 (-0.81), US $11.58 (-0.13).
In the week ending 09 January, Refinery Margins fell across all regions: Asian M1 Margins down to $9.18/bbl (-$0.40/bbl w/w), European M1 Margins down to $5.69/bbl (-$0.81/bbl w/w), and US Margins down to $11.58/bbl (-$0.13/bbl w/w).
- Asian margins were mixed: Sing Gasoil cracks fell by -$0.77/bbl w/w, while MOPJ Crack rose on the week by +$1.39/bbl. Dubai Cracks saw some strength: MOPJ Dubai Cracks rose by +$1.96/bbl, and 92 Dubai Cracks rose by +$1.21/bbl. w/w.
- In Europe 3.5 Bgs crack were the biggest mover, falling by -$2.89/bbl w/w, while GO Cracks also weakened, falling by -$0.59/bbl. Naphtha crack saw some strength, increasing by +$1.08/bbl.
About Refinery Margins Report
A weekly free report encompassing regional refinery economics based on proprietary yields of financial swaps contracts
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