from late 2018; particularly, the Gasoline-Dubai crack spread (UNL/DB), Jet (Kerosene)-Dubai crack spread (IK/DB), and the Gasoil-Dubai crack spread (GO/DB), causing the refinery business’s market gross
content not exceed 0.5% in 2020. Gasoil and Dubai crack spread (GO/DB) in Q4/2019 averaged at 14.32 $/BBL, a decline of 1.02 $/BBL compared to the previous quarter. Due to pressure from increasing
% 11.32 11.74 4% GO/DB 10.93 11.34 16.18 12.37 13.83 27% 22% 10.38 12.34 19% FO/DB -4.27 -1.78 0.40 -2.96 -1.35 68% 24% -6.11 -2.10 66% Crack Spreads Analysis The Mogas/Dubai crack spread (UNL95/DB) in Q3
China. Gasoline-Dubai crack spread (UNL95/DB), Jet (Kerosene)-Dubai crack spread (IK/DB), and Gasoline-Dubai crack spread (GO/DB) were especially affected. This turn of events have led the refinery
, leading to higher supplies in the region. Gasoil/Dubai crack spread (GO/DB) in Q2/2017 was averaged at 11.34 USD/BBL, increased by 0.81 USD/BBL, compared to Q2/2016, with respect to a rise in demand from
their turnaround maintenance, as well as some that encountered difficulties; consequently lowering the excess supplies. Gasoil and Dubai crack spread (GO/DB) in Q3/2019 averaged at 15.34 $/BBL, an
% 9% 12.13 15.38 27% GO/DB 13.01 14.34 18.16 9.76 14.98 15% 4% 12.51 14.68 17% FO/DB -3.03 -2.48 5.61 -3.69 1.33 144% 154% -2.33 -2.64 -13% Crack Spreads Analysis Gasoline / Dubai crack spread (UNL95
spread (GO/DB) in Q1/ 2020 averaged at 11.00 $/BBL, a decline of 3.32 $/BBL compared to the previous quarter due to pressure from the COVID- 19 outbreak and the lockdown measures adopted by various
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