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6 May 2026 Refineries 60-Day Forecast and Margin methodology change

Written by Teresa Deverill

On May 4th we released an important upgrade to the Refineries product. We expanded our forecast to a 60-days for:

  • Refinery runs

  • Refined products production

  • Gross refining margins

To provide greater transparency, forecasts are also split by source, so you can clearly see the contribution from:

  • Trades data

  • Forecasting algorithm

  • Pipeline data

This update helps you move beyond historical data analysis and better anticipate short-term shifts in refinery behaviour, product output, and margin dynamics, while understanding what is driving the outlook.

We are also updating the methodology used to calculate refinery margins. As part of this change, historical margin data will be reprocessed to ensure consistency with the new methodology. Point-in-Time views of the historical data are available via snowflake.

The forecast is available across the same views you already use, making it easy to integrate into your existing workflows.

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