Insight
"Whack a short" drives refining margins to record levels. How long do high refining margins last?
Report summary
Strong demand recovery, pandemic driven refinery closures, China’s export policies and the Russia/Ukraine conflict have resulted in low inventories in major demand centres. The refining response to “whack the short” has driven transport fuel crack spreads and refining margins to unprecedented highs. How will the refining industry respond, how long will these record refining margins last and what are the key risks to track?
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Pemex financial health: reasoning and impact on recent hydrocarbon duty government aid
Fiscal reductions have alleviated some Pemex financial struggles, but further action is required to return to self-sufficiency
$1,350
Commodity Market Report
LNG short-term outlook: March 2024
Monthly update of LNG market outlook, including our detailed price forecast.
$4,000
Commodity Market Report
North America product markets short-term outlook April 2024
Monthly forecast of North American refining economics, including balances and crack spreads
$1,900