EnergyReader · 2026-08-10 17:53

Refining Margins at Generational Highs as Asian Refinery Throughput Lags Crude Recovery

By EnergyReader Newsroom · August 10, 2026

NYMEX heating oil front-month traded at $4.20 a gallon on 2026-08-10, up 0.48% on the session, while ICE Brent front-month held at $86.68 a barrel. That spread reflects a refining margin environment Goldman Sachs has called two to three times the 2013-2019 average — extraordinary by any historical measure, and sustained for months.

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NYMEX heating oil futures, front-month → US diesel (retail/spot) → EIA US petroleum product exports →

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