Oil product markets 2016 in review: not such a bad year after all
Review of oil product markets and refinery margins in 2016. Most refiners enjoyed a relatively good year in 2016, despite high product stocks and volatile prices. Sustained economic growth and low outright prices helped to support strong increases in demand for oil products. Crude supply remained in surplus, encouraging refiners to increase throughputs and convert some of the growing crude stockpiles into product stocks.