crude oil refinery plant price 2025 crude oil refinery

Oil & Gas JournalFirst-quarter 2025 earnings down on lower oil

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U.S. Energy Information Administration (EIA)Oil prices and refinery margins fell slightly in first quarter

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Oil Prices & Refinery Margins Fell Slightly in 1st Quarter

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Boston Consulting GroupFuture for Refiners is Dictated by Costs

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BPN Butane Propane NewsEIA Analyzes Quarter Refinery Margins bpnews

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OilPriceBiggest Russian Refinery Raises Crude Oil

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OilPricePemex Gives Processing Forecast for Newest Oil

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OilPriceIndia's Huge Nayara Refinery Focuses On Market As

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Oil 2025: Analysis and forecast to 2030

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Future prospects towards attaining zero-emission

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  • How did crude oil prices perform in the first quarter of 2025?
  • During the first quarter of 2025 (1Q25), crude oil prices generally decreased while U.S. refinery margins initially increased before decreasing in the final month of the quarter.
  • What was US refinery utilization in 2025?
  • Refinery margins U.S. refinery utilization started 2025 at 93% but fell below 90% beginning in mid-January, ending the quarter at 86%. Midwest utilization was particularly high, remaining above 90% through all but the last week of the quarter.
  • What will happen to global refineries in 2025?
  • Closures in the United States and Europe have slowed global net refinery capacity growth below demand growth, helping to make operational refineries relatively more profitable. Global diesel supply could decline by 100,000 barrels per day (bpd) year-on-year in 2025, while demand will drop 40,000 bpd, according to energy consultancy FGE.
  • Are global refinery profit margins still high in 2025?
  • Global refinery profit margins have ticked higher in 2025 to date, but remain substantially below their 2022-2023 peaks, Wood Mackenzie data show. Closures in the United States and Europe have slowed global net refinery capacity growth below demand growth, helping to make operational refineries relatively more profitable.
  • Will US refinery utilization hold up in Q4 2024?
  • Despite US refinery utilization holding up at a robust 90.3% in Q4 2024, analysts have lowered expectations for their EBIT by 24% since the start of the quarter, with a coinciding slide in stock value.
  • What's going on with global composite refining margins in May 2025?
  • Global composite refining margins reached $8.37 per barrel in May 2025, according to consultancy Wood Mackenzie, their highest since March 2024, but still much lower than the $33.50 average in June 2022 during the post-pandemic demand recovery and in the wake of Russia's invasion of Ukraine.