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Refining margins hit records as refined fuel supply tightens

OilPrice says refining margins have stayed at record highs even after crude slid this week, reflecting tighter gasoline, diesel, and jet fuel availability than crude supply.

Reported · Written up by our desk · Energy

OilPrice reports that oil prices have eased from a fresh two month high as crude futures tumbled this week on signs of de escalation in the U.S. Iran conflict, but the refined products market has remained tight.

According to the outlet, refining margins are holding at record highs because global supplies of petroleum products are much tighter than crude availability, even though crude prices surged last week to $100 per barrel.

OilPrice attributes the tightening to months of pressure on gasoline, diesel, and jet fuel supply driven by the wars in Iran and Ukraine, with the refined market tracking real time conditions like refinery throughput, global fuel flows, and regional market availability.

The outlet also points to earlier margin spikes this month, when refining margins for gasoline and diesel jumped to new records after a re escalation in the Middle East went on hold, Russia banned diesel exports, and global fuel inventories fell further.

Latest closeWTI crude $81.23 ▼1.7%|Gasoline (RBOB) $3.164 ▼4.9%

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