. While refineries maintains high utilization rate between July to August; U.S. refineries utilization rate was historic high, leading to lower U.S. crude stockpiles during the period. Market supply was
every finished product and crude oil price crack spreads, with supporting factors ranging from the maintenance of various refineries in North Asia, as well as concerns over supplies tightening after the
in Q2/2017 was stressed by the refineries turnaround maintenance, reducing crude demands. The difference between the Dated Brent and Dubai price decreased by 2.40 USD/BBL when compared to Q2/2016
2018 to be 86% of the amount stated in the agreement, which is considerably high. Aside from this, the increased demand during Winter had refineries around the world maximizing their utilization rate
over the Winter season, and the colder than usual weather condition led to some European refineries postponing their maintenance period from March to Q2/2018. On the other hand, supply-side support came
no Refining services in the 2nd quarter of 2019 because it ceases one of its refineries for maintenance and overhaul. 3. Cost of Sea Freight Service In the 2nd quarter of 2019, AIL had the cost of sea
the region’s domestic refineries are still closed for turnaround maintenance as to prepare for the production of clean fuel in 2020. Gasoline and Dubai crack spread (UNL95/DB) in 2019 averaged at 9.07
severely drop during this past March. Demand for fuel consumption declined which adversely affected the trend of product crack spread - directly impacting the performance of refineries and petrochemical
refineries switching to Light grade crude, especially Chinese refineries, which has also lowered purchase of Heavy grade crude due to OPEC’s production reduction that caused the product’s shortage and price
Refining services in the 3rd quarter of 2019 because it ceases one of its refineries for maintenance and overhaul. But the products that has been postpone to deliver from 1st quarter of 2019 has been