cost of refining crude oil per barrel
Crude oil prices have dropped at a much faster pace than the drop in product prices. US refining runs (or utilization) have been weak.Singapore gross refining margins (GRMs), an important benchmark, show an improvement to $7.4 per barrel for November.Singapore GRMs for the September quarter stood at $4.8 per barrel and for the month of October was $5.4 a barrel.rude oil prices have dropped at a much faster pace than the drop in product prices. US refining runs (or utilization) have been weak.