crack spread (GO/DB) in Q2/2020 averaged at 5.83 $/BBL, a decline of 5.17 $/BBL compared to the previous quarter due to pressure from demand for Gasoil consumption to decline from the lockdown measures
crack spread between GO and Dubai crude by 13% from the previous quarter. As well as the Jet (Kerosene) and Dubai crack spread that increased 21% from the previous quarter. Management Discussion and
the TAM period. However, Market GRM average per barrel in Q2/2018 improved, from a 42% YoY increase in average IK/DB crack spread, and the average GO/DB crack spread that rose more than 29% YoY
oil during the winter in the United States where the temperature was record cold in over 100 years. Gasoil/Dubai (GO/DB) crack spread in 2017 was averaged at 12.51 $/BBL, increased by 1.71 $/BBL
with the increase in average IK/DB and GO/DB crack spread that increased by 10% and 4% , respectively. In addition, crude cost benefitted from the average DTD/DB spread which narrowed by 43% from the
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