Refining margins can be calculated using several different methodologies.
Refining margins can be calculated using several different methodologies. Regardless of which method is used, refining margins are a key indicator of the facility’s performance. Three main parameters determine refining margins: oil price, product price and refinery costs. This month’s Business Trends section proposes a refining margins time series analysis to understand a refinery’s capability to face different economic environments.
Refining margin time series evaluation
In the past 10 yr, the refining industry has been exposed to a disparate set of scenarios, from the huge profits of the “Golden Age” to refinery closures. Today, refiners struggle to survive in a world of uncertain and vo
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