Commodity Market Report

Global product markets weekly: Asian refiners pull down global margins

Get this report

$1,050

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

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

- FAQ's about online orders
- Find out more about subscriptions

04 June 2018

Global product markets weekly: Asian refiners pull down global margins

Report summary

For the week commencing 28 May, weekly average crude prices trended lower across all regions. The weekly average Dated Brent price was almost $3.20/bbl lower than the prior week, which is the sharpest weekly drop in price since October 2016. The downward trajectory in price has been driven by market perception that Saudi Arabia and Russia will increase production in H2 2018. Further pressure is put on crude prices as US production grows while oil demand is being hampered by higher prices. Last week the EIA announced US domestic crude production had hit a new record high, just short of 10.8 mb/d. The average US gasoline pump price was almost US$3/gallon, which compares to US$2.40/gallon a year ago.

Table of contents

  • Executive Summary

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Weekly Report 4JUN18.pdf

    PDF 1.41 MB

  • Document

    Weekly historical margins_04JUN18.xls

    XLS 304.50 KB

  • Document

    Global product markets weekly: Asian refiners pull down global margins

    ZIP 1.50 MB

Trusted by leading organisations