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Oil Regional Refining Margins

Note: The refining margins presented are benchmark margins for three major global refining centres. US Gulf Coast (USGC), North West Europe (NWE - Rotterdam) and Singapore

In each case they are based on a single crude oil appropriate for that region and have optimized product yields based on a generic refinery configuration (cracking, hydrocracking or coking), again appropriate for that region.

The margins are on a semi-variable basis, ie the margin after all variable costs and fixed e

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