S silk Jul 16, 2007 #1 Refining margins crashed all the way back to Feb levels. Never in the last 4 years has there been a crash in crack spread in the middle of July. Back to FEB margin in the middle of the summer driving season is unheard of I think. What is going on?
Refining margins crashed all the way back to Feb levels. Never in the last 4 years has there been a crash in crack spread in the middle of July. Back to FEB margin in the middle of the summer driving season is unheard of I think. What is going on?
S silk Jul 16, 2007 #3 Yes. Wholesale prices are down 15 cents from last week. Even while crude keeps moving up. Refinery profits getting squeezed 30% in a week.
Yes. Wholesale prices are down 15 cents from last week. Even while crude keeps moving up. Refinery profits getting squeezed 30% in a week.
A arealpissedgoy Jul 16, 2007 #4 Quote from silk: Refining margins crashed all the way back to Feb levels. Never in the last 4 years has there been a crash in crack spread in the middle of July. Back to FEB margin in the middle of the summer driving season is unheard of I think. What is going on? More... What is the reason? More Asian refineries finally coming online?
Quote from silk: Refining margins crashed all the way back to Feb levels. Never in the last 4 years has there been a crash in crack spread in the middle of July. Back to FEB margin in the middle of the summer driving season is unheard of I think. What is going on? More... What is the reason? More Asian refineries finally coming online?
J JamesVU2000 Jul 16, 2007 #6 This was a great trade last year. I suspect there are still memories of the big sell off at historically odd months last year.
This was a great trade last year. I suspect there are still memories of the big sell off at historically odd months last year.
R rubibond007 Aug 22, 2007 #9 Lilboy, here (daily updates). http://www.oilintel.com/spothome.cfm?loc_id=7
