Baker & O'Brien Releases Second Quarter 2021 PRISM Newsletter - U.S. Refining Margins Improve
August 18, 2021
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.
- Petroleum Refining
- Markets & Strategy / PRISM Refining Industry Modeling and Database