Our Refining Views report series provides a comprehensive understanding of the global refining industry and petroleum product markets. At the centre of our analysis is an industry-leading, state-of-the-art propriety refining model that allows our analysts to properly differentiate between regions, refining setups, and relevant crude oil baskets.

Distilling what you need to know Distilling what you need to know
Refining margin models Refining margin models
Refinery outages and capacity additions Refinery outages and capacity additions
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Global refinery margins
Our most popular report

Global Refinery Margins

In this weekly report, we analyse the underlying complexities of the global refining market, presenting product-by-product updates for key regions: East of Suez, Americas, and the wider European region including the Former Soviet Union and Africa.

  • Analysis of weekly movements in petroleum product crack spreads including a short-term outlook, informed by arbitrage calculations, refinery maintenance updates and secondary processing unit margins.
  • Weekly updates to benchmark refining margins for each region using our proprietary in-house refining model.
Latest issues

Issue 28 - 11 Jul'22

Reforming Spreads Stare Into the Abyss 

Issue 27 - 4 Jul'22

Russian Refining is Far from Dead (for Now)

Issue 26 - 27 Jun'22

Mired in supply disruptions and capped spare capacity, OPEC+ continues underperforming its targets

Issue 25 - 20 Jun'22

Higher steam cracker intake expected ahead based on firming steam-cracking margins.

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Quarterly refining outlook
A must-read for refinery planners

Refining Outlook

Refining Outlook is an extensive quarterly publication that offers clients an excellent synopsis of the latest and projected developments on global petroleum products and refining markets in two parts.

  • Part one investigates the general market conditions concentrating on the economy, supply and demand, inventories, freight, regulatory changes, and emissions.
  • Part two presents a detailed petroleum product-by-product outlook for the next quarter including outlooks for refinery maintenance and upcoming expansions.
  • Also includes data compilations of our balance figures, refinery maintenance and refining capacity additions.
Latest issues

Issue 2 - 1 Jul'22

An uptick in Russian crude supply helped offset lower output from several OPEC+ members in June, including Saudi Arabia, which is coming increasingly under pressure and will see growth slow down in coming months.

Issue 1 - 5 Apr'22

A slowdown in OPEC+ crude supply growth comes as demand, broadly, shows no sign of backing down.

Issue 4 - 20 Dec'21

The global refining outlook remains cautiously robust for the time being, but challenges remain ample for the next year.

Issue 3 - 24 Sep'21

The sentiment improves but there are still plenty of bearish factors to look out for