Gulf Oil and Gas accountACCOUNT

Refinery Margins - August 2017

Source: OPEC 8/15/2017, Location: Europe

Share |
US product crack spreads improved during July despite higher WTI prices m-o-m. Total gasoline demand continued to increase to reach around 9.7 mb/d, based on preliminary weekly data, to the highest level of total consumption seen in 2017. Additionally, middle distillate demand strengthened, supporting a rise in margins. US Gulf refinery margins for WTI crude gained more than $2/b versus the previous month’s levels to average around $10.06/b during July, with refinery utilization rates reaching as high as 93.5%.

Product markets in Europe showed mixed performance during July, with the top and bottom of the barrel weakening due to regional oversupply amid limited export opportunities, as well as higher feedstock values m-o-m. The refinery margin for Brent crude in Northwest Europe (NWE) saw a marginal decline of $0.4/b versus the previous month to average $7.6/b. Further losses in margins were avoided by the strong gains exhibited by the middle of the barrel on the back of a healthy demand and increased exports.

Asian product markets exhibited improvements across all products with the exception of fuel oil. Strong seasonal demand and reduced stocks levels supported margins. Refining margins for Oman increased by $1.0/b to $9.3/b in July from a month earlier.

Oil Treating & Refining News in Austria >>

Austria >>  11/15/2017 - US product markets received very strong support in the previous months on the back of significantly higher US gasoline demand. However, with the end o...
Chile >>  11/14/2017 - Honeywell (HON) announced that Empresa Nacional del Petroleo (ENAP) has begun using Honeywell UOP’s HYT-6219 Unity hydrotreating catalyst in conjuncti...

Egypt >>  11/14/2017 - Egyptian Oil Minister Tarek El Molla said initial negotiations have taken place with Saudi Arabian state oil company Aramco to refine oil in Egypt. ...
Austria >>  11/13/2017 - Product markets in the Atlantic Basin weakened during October due to a decline in gasoline demand following the end of the US driving season. Neverth...

Russia >>  11/8/2017 - Alexander Khloponin (Deputy Prime Minister of the Russian Federation) and Sergey Donskoy (Minister for Natural Resources and the Environment) have bee...
Austria >>  11/5/2017 - In the US, refinery throughput took a plunge, as US Gulf Coast (USGC) refinery utilization rates decreased due to shut downs caused by Hurricane Harve...

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Grout  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Summer Diesel  Surfactants 

Related Articles: Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


Austria Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 |

More News

 

Oil & Gas Companies in Austria >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.