Tag Archives: margins

Refiner margins unable to fully offset low upstream earnings for integrated oil companies

June 17, 2015 Source: U.S. Energy Information Administration, based on Evaluate EnergyNote: Upstream refers to crude oil exploration, production, and other operations prior to refining. Downstream refers to refinery operations, product sales, and marketing. First-quarter 2015 financial results for globally integrated oil companies—ones that focus on both the exploration and production of crude oil (upstream) […]

Low crude oil prices, increased gasoline demand lead to high refiner margins

May 20, 2015 Source: U.S. Energy Information Administration, from Bloomberg, L.P., Thomson ReutersNote: Dubai/Oman crude oil spot price is the average spot price of Dubai crude oil and Oman crude oil. Gasoline in the United States, especially on the U.S. East Coast, have reached several-year highs in recent months. Crack spreads, which reflect the difference […]

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