Refiners step up hedging activity

Hedging activity by European refiners has increased in recent months on the back of improved margins, say market participants.

Margins in Europe have rebounded for a variety of reasons, including the bankruptcy of Petroplus, the continent's largest refiner, and an unusually cold winter that has stoked demand for heating oil. The northwest Europe Brent crack spread widened from an average –$0.21 a barrel (/bbl) in December to $4.31/bbl by the last week of January, according to the International

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: