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Crude Oil Refining Margins to Remain Subdued- Says IEA

  • June 17, 2020 02:02 PM AEST
  • Team Kalkine

Refining crude oil margins to remain under pressure due to a massive build-up in stocks during recent months- says the International Energy Agency (or IEA).

Gold MTF non-AMP

  • Large implied products such as road and aviation fuel are set for a subdued margin environment over the short-run.
  • Furthermore, IEA assesses that the global mobility, which took a hit of ~ 70 per cent in April 2020 and ~ 40 per cent in the month prior to that would exert pressure on the refining margins ahead.

 


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