Phillips 66 and OMV Provide International Refining Margin Benchmarks
1 report, 1 independent
Updated Mon 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Phillips 66 and OMV provide international refining margin benchmarks. According to a report, the 2025 international refining margins included figures such as $13.26 per barrel for Phillips 66 and $10.10 per barrel for OMV. The report also noted that Finance Minister Taiwo Oyedele announced a 30-day petrol discount at NNPC stations in Nigeria.
From tribuneonlineng.com
Why it matters
Refining margins measure the difference between product values and crude-input costs, covering operating expenses and returns. These benchmarks provide a key indicator for global energy market pricing, especially in the context of potential global energy-market disruptions.
From tribuneonlineng.com
Who's involved
- Phillips 66Provides international refining margin benchmarks
- OMVProvides international refining margin benchmarks
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The entities involved
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Phillips 66
American energy and logistics company
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OMV
Austrian petrochemical company