UBP sees refining margins staying high amid global capacity shortfall

Bitget2026/10/20 07:56

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A global refining capacity shortfall exceeding 10% is expected to keep refining margins high.
Consumer fuel costs average around USD 140-180 per barrel when refining margins are added to Brent crude prices.
European refining margins reached a record USD 50 per barrel this summer; diesel margins hit USD 100 per barrel.
Total diesel costs reached a record USD 200 per barrel, while Brent trades around USD 100 per barrel.
Logistics add more than USD 30 per barrel to delivery costs, while rebuilding depleted oil inventories will create additional demand.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Union Bancaire Privee UBP SA published the original content used to generate this news brief on October 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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UBP sees refining margins staying high amid global capacity shortfall

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