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3 days agoAsia refining margins hit 20-month high as sanction risk boosts diesel profits

Refining margins across Asia have surged to nearly US$9 per barrel, the highest in 20 months, driven by strong diesel spreads and supply-threat concerns from U.S. sanctions on Russian oil. The profit jump is narrowing the gap between peaking and trough flows in the region, with Indian and Southeast-Asian refiners benefiting most. Analysts expect margins to sustain above US$7/bbl this quarter if supply constraints persist and demand remains resilient in emerging markets.
positive
3 days agoAsia refining margins hit 20-month high as sanction risk boosts diesel profits

Refining margins across Asia have surged to nearly US$9 per barrel, the highest in 20 months, driven by strong diesel spreads and supply-threat concerns from U.S. sanctions on Russian oil. The profit jump is narrowing the gap between peaking and trough flows in the region, with Indian and Southeast-Asian refiners benefiting most. Analysts expect margins to sustain above US$7/bbl this quarter if supply constraints persist and demand remains resilient in emerging markets.
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Asia refining margins hit 20-month high as sanction risk boosts diesel profits
4 days ago
 1 min read
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Asian refining profit margins climb to US$9/bbl on diesel strength and Russian-supply sanctions, benefiting regional refiners.
Refining margins across Asia have surged to nearly US$9 per barrel, the highest in 20 months, driven by strong diesel spreads and supply-threat concerns from U.S. sanctions on Russian oil. The profit jump is narrowing the gap between peaking and trough flows in the region, with Indian and Southeast-Asian refiners benefiting most. Analysts expect margins to sustain above US$7/bbl this quarter if supply constraints persist and demand remains resilient in emerging markets.

Refining margins across Asia have surged to nearly US$9 per barrel, the highest in 20 months, driven by strong diesel spreads and supply-threat concerns from U.S. sanctions on Russian oil. The profit jump is narrowing the gap between peaking and trough flows in the region, with Indian and Southeast-Asian refiners benefiting most. Analysts expect margins to sustain above US$7/bbl this quarter if supply constraints persist and demand remains resilient in emerging markets.
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commodities
energy
commodities
energy
refining margins
Asia
oil supply
Oct 28, 2025 • 10:09 IST








































