February 2021

Trends and Resources

Industry Metrics

Global refining margins showed mixed results.

Rhodes, Mike, Hydrocarbon Processing Staff

Global refining margins showed mixed results. Refineries have returned from the autumn peak maintenance season, showing a slight rise in available spare capacity globally. The U.S. saw improvement in transport activity during year-end holidays, but refinery intakes remain around 2 MMbpd below y-o-y levels. European markets weakened, affected by stronger crude prices amid seasonal weakness. Asia refining margins suffered mostly in the bottom of the barrel due to a decline in fuel oil requirements from the utilities sector. HP

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