US refinery margins rise in three of five regions
A safety flare is seen at the Valero St. Charles oil refinery during a tour of the refinery in Norco, Louisiana. Photo courtesy of Reuters.
(Reuters) Refining margins increased in three of the five US petroleum districts for the week of July 15, Credit Suisse said in a weekly report.
Margins in the East Coast (Brent) region gained the most, by $0.51 cents to $8.07/bbl, followed by the West Coast (Alaska North Slope) region, where margins were up by $0.44 at $20.44/bbl.
The Gulf Coast (Light Louisiana Sweet) region's margins rose $0.05 to $9.38/bbl.
Margins in the Midwest (West Texas Intermediate) region decreased the most, by $1.20 to $11.52/bbl, while margins in the Rockies (West Texas Intermediate) region fell by $1.09 to $26.77/bbl.
Reporting by Apeksha Nair in Bengaluru; Editing by Mark Potter
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