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Product Markets and Refinery Operations
OPEC Monthly Oil Market Report – June 2016
65
against Oman averaged about minus $10/b in May, unchanged from the previous
month.
Table 6.2: Refinery operations in selected OECD countries
Table 6.3: Refined product prices, US$/b
Change
Apr 16 May 16 May/Apr
2015
2016
Naphtha*
43.96
48.45
4.49
65.59
40.90
Premium gasoline
(unleaded 93)
65.83
68.73
2.90
80.25
58.21
Regular gasoline
(unleaded 87)
59.30
62.63
3.33
71.15
51.33
Jet/Kerosene
48.07
54.89
6.82
71.49
45.81
Gasoil
(0.2% S)
45.60
52.79
7.19
71.32
42.70
Fuel oil
(3.0% S)
26.15
31.98
5.83
46.78
24.33
Naphtha
41.69
44.28
2.59
54.68
38.39
Premium gasoline
(unleaded 98)
66.41
69.51
3.10
76.63
58.73
Jet/Kerosene
50.30
56.15
5.85
73.39
46.91
Gasoil/Diesel
(10 ppm)
49.57
56.67
7.10
72.68
46.38
Fuel oil
(1.0% S)
27.82
32.52
4.70
46.27
25.29
Fuel oil
(3.5% S)
23.66
29.28
5.62
46.94
21.45
Naphtha
40.39
43.51
3.12
51.56
37.21
Premium gasoline**
58.04
61.12
3.08
71.87
51.37
Jet/Kerosene
48.01
54.44
6.43
70.39
45.11
Diesel
50.56
57.91
7.35
74.20
47.62
Fuel oil
(1.0% S)
28.01
33.72
5.71
48.32
26.02
Fuel oil
(3.5% S)
26.30
31.91
5.61
46.64
24.23
Naphtha
42.52
44.20
1.68
56.32
39.33
Premium gasoline
(unleaded 95)
54.49
59.14
4.65
72.20
52.19
Regular gasoline
(unleaded 92)
51.45
56.00
4.55
69.25
49.07
Jet/Kerosene
49.51
55.18
5.67
71.34
46.20
Gasoil/Diesel
(50 ppm)
49.33
55.95
6.62
72.30
45.81
Fuel oil
(180 cst 2.0% S)
31.02
35.80
4.78
53.31
29.54
Fuel oil
(380 cst 3.5% S)
29.17
34.03
4.86
50.98
27.26
Sources: Argus Media and OPEC Secretariat.
Year-to-date
Note: * Barges.
** Cost, insurance and freight (CIF).
US Gulf (Cargoes FOB):
Rotterdam (Barges FoB):
Mediterranean (Cargoes FOB):
Singapore (Cargoes FOB):
Change
Change
Mar 16 Apr 16 May 16 May/Apr
Mar 16 Apr 16 May 16 May/Apr
US
15.99 16.06 16.26
0.20
89.21 89.61 90.71
1.10
France
1.12
1.19
0.87
-0.32
79.59 84.78 61.95 -22.83
Germany
1.86
1.76
1.71
-0.06
85.01 80.62 78.02 -2.61
Italy
1.24
1.38
1.30
-0.08
60.41 67.20 63.29 -3.91
UK
0.94
1.05
1.08
0.04
67.19 74.61 77.25
2.64
Euro-16
10.17 10.07
9.83
-0.24
85.81 84.97 82.94 -2.03
Japan
3.46
3.38
3.16
-0.22
88.39 86.25 80.76 -5.49
Sources: Argus Media, EIA, Euroilstock, IEA, METI, OPEC Secretariat and Petroleum Association of Japan.
Note: Data has been revised from January 2016 according to the latest capacity update.
Refinery throughput, mb/d
Refinery utilization, %