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Crack spreads


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#1 gm_general

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Posted 18 July 2022 - 04:22 PM

As I read we had 17.9M barrels of refinery capacity which peaked in 2020 at 19M barrels, then in the last 2 years it dropped back to 17.9M. Check out how in those 2 years the crack spread between oil and refined products rocketed straight up

 

ckc_crack-spread.jpg

Seems a bit (!) more than warranted for a 6% drop in capacity.

 

https://global-macro...g-crack-spread/



#2 12SPX

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Posted 19 July 2022 - 08:13 AM

So we have had pharmaceutical go crazy on margins for profits, oil companies are doing the same is what your saying??



#3 pdx5

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Posted 19 July 2022 - 07:23 PM

Companies exploiting unlimited demand for their products.
Is that strange, unusual, unjustified, unlawful?
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule