Insight
What's driving recent gasoline weakness?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
October saw Brent FCC gross refining margins fall to -$0.32/bbl as a number of bearish factors created the perfect storm for gasoline weakness globally. Since the summer we've seen stubbornly high gasoline yields, growing stocks and weaker demand, pressurising gasoline economics. The clouds have now parted and weekly reported Brent FCC gross margins have recovered to above seasonal average levels. It's important to understand the cause of this recent weakness and if it will return.
Table of contents
- Asia Pacific: Supply increases outweigh slowing demand
- United States: Gasoline yields struggle to fall below the five-year average
- Europe: Refinery runs pressured by lack of export options
- Margins have recovered but will this last?
Tables and charts
This report includes the following images and tables:
- Brent FCC weekly gross refining margin
What's included
This report contains:
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