REFINING
European refining marker margins
To be added to draft version
EUROPEAN REFINING MARKER MARGINS
$/barrel oil equivalent
Refining margins are largely dictated by global supply and demand and following the Russian invasion of Ukraine, which saw increased volatility in global energy markets, the refining margins of major oil companies have significantly increased on average by 261% yoy in 2022. The average refining margin over the last ten years across these indicates is $8.53/barrel.
20 25 30
10 15
0 5
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 BP Total Energies Phillips 66 Shell Source: BP, Phillips 66, Total, Shell
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Fuels Statistics 2023
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