Jonathan Leitch from Wood Mackenzie discusses what was driving refining margins in September, and the outlook for refining margins in the short to medium term, in a short podcast covering Americas.
Refinery margins in the US have been very strong supported by discounted crude prices and low product stocks. In this podcast we look at the causes of current tightness in the product markets and consider how long US refiners can continue to expect good margins. We expect distillate to remain tight over the winter but gasoline stocks look ample in 2013.
Product Markets Service – Short-term is a detailed monthly analysis of the global oil products markets. The service provides an essential understanding of the dynamics of supply and demand in the key regions along with monthly crude and products price forecasts.