Baker & O'Brien Releases Second Quarter 2021 PRISM Newsletter - U.S. Refining Margins Improve

Baker & O'Brien’s second quarter 2021 PRISM analysis shows that U.S. refining cash margins continued to improve towards pre-COVID-19 levels, underpinned by improving demand and refinery utilization. However, the cost of renewable fuels obligations has dampened the improvement and reduced the reliability of familiar “crack spreads” as indicators of refinery profitability.

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Category
RIF
Industry
Petroleum Refining
Service
Markets & Strategy / PRISM Refining Industry Modeling and Database