WEEKLY REFINING INDICATORS REPORT WEEK ENDING 09/04/2015

by Scotia Howard Weil

Includes this chart:

west coast crak spread

According to Wikipedia, “Crack spread is a term used in the oil industry and futures trading for the differential between the price of crude oil and petroleum products extracted from it – that is, the profit margin that an oil refinery can expect to make by “cracking” crude oil (breaking its long-chain hydrocarbons into useful shorter-chain petroleum products).”

Wonder what caused this spike.

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About Scott

Live next to Chevron refinery. Lots of petroleum consultants in the area. I am interested in learning more about the industry. Also, interested in finance, business, and investing in world markets.
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