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Posted October 15, 2024

Global refinery margins fall to multiyear seasonal lows in September ›

regional september refining margins

Data source: Bloomberg L.P.
Note: The 3:2:1 crack spread is an indicator of refining margins, the short-term profit margin for oil refineries, which generally produce about 2 barrels of gasoline for every 1 barrel of distillate fuel oil. To estimate the refinery crack spreads, regional crude oil benchmarks were used (Brent for New York, Los Angeles, and ARA; Light Louisiana Sweet for the U.S. Gulf Coast; West Texas Intermediate for Chicago; and Dubai for Singapore). ARA=Amsterdam-Rotterdam-Antwerp

Refinery margins for petroleum refiners across the world are shrinking, indicating reduced profitability from refining crude oil and selling petroleum products. Declining margins are the result of relatively weak demand for petroleum products even as global refining capacity increases.

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Previously in Today in Energy

Data Highlights

  • $3.171
  • /gallon
  • $0.035 /gallon
    from week earlier
  • $0.405 /gallon
    from year earlier
  • $3.631
  • /gallon
  • $0.047 /gallon
    from week earlier
  • $0.813 /gallon
    from year earlier
  • 3,629
  • Bcf
  • 82 Bcf
    from week earlier
  • 124 Bcf
    from year earlier
  • 10.117
  • million tons
  • 0.078 million tons
    from week earlier
  • 0.996 million tons
    from year earlier

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