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Quarterly average U.S. Midwest refining margin from Q2 2019 to Q1 2022 (in U.S. dollars per barrel)

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Source

Release date

April 2022

Region

Worldwide, United States

Survey time period

Q2 2019 to Q1 2022

Supplementary notes

This statistic was assembled using multiple reporting versions.

Citation formats

U.S. Midwest refining margin 2019-2022, by oil type

Published by
Doris Dokua Sasu,
Apr 28, 2022
Profit margins for U.S. Midwest refiners were above ** U.S. dollars per barrel for WCS ex-Cushing coking in the first quarter of 2022, making it the most profitable oil type that quarter. Generally, oil sourced from the Bakken oilfield tends to have the highest profit margin.
For most of 2021, figures have been upwards of ** U.S. dollars, a notable increase from the margins recorded throughout the coronavirus pandemic. Unlike refiners in Asia and Europe, refineries in the U.S. Midwest were able to keep their profit margins in the positives during that time. The European ARA refining margin went into a loss for certain oil types owing to lower oil demand during lockdowns.
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Topics

Oil refinery industry worldwideOil industry worldwideOil and gas transportation worldwideOil industry in the U.S.Oil rig industry worldwide
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