ZUG OIL
The Vanderbilt Terminal for Oil & Energy Trading Intelligence
INDEPENDENT INTELLIGENCE FOR SWITZERLAND'S OIL AND ENERGY TRADING SECTOR
Brent Crude $74.20/bbl| WTI Crude $70.80/bbl| TTF Natural Gas €41.80/MWh| Swiss Oil Trade 35% global| Gunvor Revenue $110B+| Mercuria Revenue $120B+| Brent Crude $74.20/bbl| WTI Crude $70.80/bbl| TTF Natural Gas €41.80/MWh| Swiss Oil Trade 35% global| Gunvor Revenue $110B+| Mercuria Revenue $120B+|

Refinery Margin

Refinery Margin: Definition, Calculation, and Drivers of Refining Profitability

Definition

The refinery margin is the difference between the total value of refined petroleum products produced by a refinery and the cost of the crude oil …

28 Feb 2026