July 2018

Trends and Resources

Industry Metrics

In the US, improved domestic gasoline demand and tighter middle distillate and fuel oil markets drove refinery margins to a new all-time high, and Atlantic Basin product markets saw gains across the barrel.

Mike Rhodes, Hydrocarbon Processing

In the US, improved domestic gasoline demand and tighter middle distillate and fuel oil markets drove refinery margins to a new all-time high, and Atlantic Basin product markets saw gains across the barrel. European product markets retained the previous month’s gains; record-high product prices weighed on refinery margins. Product markets in Asia weakened marginally, pressured by slower jet/kerosene demand and rising inventory levels. HP US gas production (Bcfd) and prices (US$/Mcf) Selected world oil prices, US$/bbl World liquid fuel supply and demand, MMbpd

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