November 2018

Trends & Resources

Industry Metrics

Refinery margins weakened on retreating demand and backlash from nature, despite the onset of peak refinery maintenance season.

Rhodes, Mike, Hydrocarbon Processing Staff

Refinery margins weakened on retreating demand and backlash from nature, despite the onset of peak refinery maintenance season. High US refinery runs have sustained product inventories, fueling bearish sentiment and softening the product market. European product markets were pressured by gasoline, naphtha and fuel oil weakness, as well as high feedstock costs, despite support from outages. HP US gas production (Bft3d) and prices (US$/Mft3)     Selected world oil prices, US$/bbl   World liquid fuel supply and demand, MMbpd

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