European refining margin recovery led by jet fuel

摘要

London—European refining margins have recovered from their lows of last month, driven by a pick-up in products markets, especially jet fuel and gasoline, following run cuts throughout the region, according to traders. “Demand for products seasonally should pick up, Q2 is a lull,” said one trader Thursday. The refining margin for Norwegian crude grade Ekofisk (basis Amsterdam-Rotterdam- Antwerp) has recovered from a low of $0.58/b on May 16, to $1.37/b as of June 19, according to Platts data.