US refinery margins have risen as many plants embark upon a heavier-than-normal turnaround season than seen in the past few years as refiners look to normalize facility work schedules thrown into disarray by the coronavirus pandemic in 2020, an analysis from S&P Global Commodity Insights showed Jan. 23. Along the US Gulf Coast’s refinery row, some of the region’s largest refineries are undergoing planned work, sending refining margins higher. USGC coking margins for Vasconia averaged $30.40/b for the week ended Jan. 20, excluding the cost of RINs, the credits bought by US refiners to comply with the Environmental Protection Agency’s Renewable Fuel Standard.
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