Hellenic Shipping News: Poten and Partners: Mind the Margins
17 Aug 2015: “Refining margins represent the profit margin a refinery makes while refining crude oil into products and marketing these products. As crude prices and product prices continuously move, refining margins change also. Refining margins are particularly relevant to the tanker market as they drive the decisions that refineries make, the crude slate they use and the mix of products that they produce.”