Conventional oil and gas production and Refining and reforming

Their prices have moved together.

Conventional oil and gas production (energy) and Refining and reforming (energy): 1 relationship.

How they are linked

1. Price link: main buyer

Cost and price · Strong · Both ways

Refineries turn crude into fuels, so their output prices follow the crude they buy. The US refinery price index follows the crude proxy closely: monthly moves correlate at 0.80 and yearly moves at 0.95.

• 0.80 monthly change correlation
• 0.95 12-month change correlation
• 1.00 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.