Commodity Market Report

Macro oils short-term outlook: July 2024

Get this report*

$2,000

You can pay by card or invoice

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders
- Find out more about subscriptions

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

After weakening in early June, with Brent at $75 to $78/bbl during the first week, Brent rose steadily to close out the month at $86-$87/bbl. What is behind the increase? Our latest Monthly Update looks at the supply and demand fundamentals and sees reasons for price support. Highlights this month focus on: • Petrochemical outlook strengthens amidst a tepid global manufacturing recovery • Record US NGLs production drives near term upgrade • Pace of Brazil production growth has eased, leading to a revised baseline for 2024 and 2025 • Short-term forecast extended through 2026

Table of contents

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Macro Oils Short Term Outlook July 2024 Slidepack.pdf

    PDF 1.57 MB

  • Document

    Macro Oils Short Term Outlook July 2024 Data.xlsx

    XLSX 3.26 MB

  • Document

    Macro Oils Short Term Outlook July 2024 Slide Charts.xls

    XLS 1.49 MB

  • Document

    Macro oils short-term outlook: July 2024

    PDF 938.31 KB