Phillips 66 and OMV Provide International Refining Margin Benchmarks

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.

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.