Oil Refineries
March 2022
Market Tightens as Russia Invades
AME’s March and June quarter 2022 forecasts for the global average crack spread price are US$21/bbl and US$29/bbl, respectively. Despite the continuous rise in crude oil prices raising the input costs for refiners, the price of refined products has risen more, increasing the spread and beefing up the bottom line for refiners.
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