Commodity Market Report

Canada product markets long-term outlook H1 2019

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19 July 2019

Canada product markets long-term outlook H1 2019

Report summary

Wood Mackenzie's outlook for the fundamentals of the Canadian oil products market. Canadian refiners continue to enjoy stronger margins in the near-term, driven by favourable local crude pricing. However, with domestic gasoline demand seen declining through the next decade, the potential for margin pressures is seen increasing over time. This report contains our views on supply and demand of refined products (LPG, naphtha, gasoline, jet fuel, diesel/gasoil, and fuel oil).

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