US, Asian, and European margin data unavailable this week.
Refinery Margins Report for the week ending 01 July
10 page report
Expected Refiner Hedging Across the Board
Oil prices wobble as cracks diverge and geopolitics fade, with data pointing to refiner hedging
Published: 8 January 2026
2 reports
In the week ending 06 Jan, the M1 Brent futures contract declined from highs of $62.33/bbl on 31 Dec to a low of $60/bbl on 02 Jan. From here, prices recovered to $61.80/bbl on 05 Jan before dipping to close at $60.48/bbl on 06 Jan. Waning Russia-Ukraine peace talks and expectations of a imminent supply glut initially pressured prices, before a 03 Jan US attack on Venezuela offered some support.
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