June 2018

Trends and Resources

Industry Metrics

Reduced refinery output caused by planned and unplanned refinery outages, and record-breaking gasoline export levels and strong diesel inventory drawdowns, drove US margins to a record 3-yr high in April.

Mike Rhodes, Hydrocarbon Processing Staff

Reduced refinery output caused by planned and unplanned refinery outages, and record-breaking gasoline export levels and strong diesel inventory drawdowns, drove US margins to a record 3-yr high in April. European product markets saw a recovery, supported by strength in gasoline and diesel complexes, despite losses in all other products. Asia markets weakened due to high supply in regional gasoline markets. Higher Oman crude prices, despite the onset of spring refinery maintenance season, further exacerbated the Asian market downturn. HP US gas production (Bcfd) and prices (US$/Mcf) Selected world oil prices, US$/bbl

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