Russia's oil refining margin was forecast to fall to negative three U.S. dollars per metric ton between May and December 2020 under the basic scenario. To compare, in the first three months of the year, it was measured at 28 U.S. dollars per metric ton.
Indicative average expected oil refining margin in Russia from January to December 2020, by scenario*
(in U.S. dollars per metric ton)
Characteristic
Oil refining margin in U.S. dollars per metric ton
* The source specified that, besides the oil price underlying each scenario, the refining margin would largely depend on the amount of the discount on Urals relative to North Sea oil, a combination of the crack spread on petroleum products on the European market, and the dynamics of wholesale prices in the Russian Federation.
An oil refining margin is calculated by deducting the value of crude oil entering a refinery from petroleum products' value leaving a refinery.
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Argus Media. (April 1, 2020). Indicative average expected oil refining margin in Russia from January to December 2020, by scenario* (in U.S. dollars per metric ton) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1132808/oil-refining-margin-forecast-russia-by-scenario/
Argus Media. "Indicative average expected oil refining margin in Russia from January to December 2020, by scenario* (in U.S. dollars per metric ton)." Chart. April 1, 2020. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1132808/oil-refining-margin-forecast-russia-by-scenario/
Argus Media. (2020). Indicative average expected oil refining margin in Russia from January to December 2020, by scenario* (in U.S. dollars per metric ton). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1132808/oil-refining-margin-forecast-russia-by-scenario/
Argus Media. "Indicative Average Expected Oil Refining Margin in Russia from January to December 2020, by Scenario* (in U.S. Dollars per Metric Ton)." Statista, Statista Inc., 1 Apr 2020, https://www.statista.com/statistics/1132808/oil-refining-margin-forecast-russia-by-scenario/
Argus Media, Indicative average expected oil refining margin in Russia from January to December 2020, by scenario* (in U.S. dollars per metric ton) Statista, https://www.statista.com/statistics/1132808/oil-refining-margin-forecast-russia-by-scenario/ (last visited December 22, 2024)
Indicative average expected oil refining margin in Russia from January to December 2020, by scenario* (in U.S. dollars per metric ton) [Graph], Argus Media, April 1, 2020. [Online]. Available: https://www.statista.com/statistics/1132808/oil-refining-margin-forecast-russia-by-scenario/
