, 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
of the Saudi Arabian refineries on 14th September 2019; causing supplies to tighten within the region. Gasoline and Dubai crack spread (UNL95/DB) crack spread increased 0.12 $/BBL compared to the
. Essentially leaving the Asian region market’s diesel supplies in a surplus. Gasoil and Dubai crack spread (GO/DB) lowered by 2.23 $/BBL compared to the averaged 14.98 $/BBL in the preceding quarter. The spread
remains high, and gross refinery margin improved from the increase of crack spread for all products, along with a record of inventory gain from rising average crude oil price during the quarter. Marketing
a historic high rate of 123.5 KBD during this past September. Meanwhile, Operating GRM declined by 1.69 $/BBL from the previous year, which was affected by the crack spread of finished product and
compared to Q4/2017, with respect to the increased demand for crude oil during the winter in Europe, leading to higher utilization rate amongst refineries in the region; driving up price of Dated Brent as
affected by the decline in most of the finished product and crude oil crack spreads, as a result of the oversupply situation in finished oil products, and the anxieties over the trade war between the US and
Corporation Plc. I 8 Crack Spreads Situation (Unit: USD/BBL) Crack Spreads Q3/2017 Q2/2018 Q3/2018 YoY QoQ 9M 9M YoY AVG AVG MAX MIN AVG % % 2017 2018 % UNL95/DB 16.10 12.15 15.85 8.09 11.52 -28% -5% 15.00
Business Operation for 2Q/2018 Bangchak Corporation Plc. I 7 from the increment in crude oil price and improving crack spread of some products. In this quarter, crude oil price adjusted upward sharply, which
reduced Market GRM, following the decline in refinery production volume due to the TAM, as well as a decrease in average Gasoline/Dubai crack spread and Fuel oil/Dubai crack spread, and the rise in crude