Commodity Market Report
Global product markets weekly: Atlantic-basin demand supports further strength in margins
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The oil market rose last week, but the early-week recovery was almost erased by the sharp fall in prices in the latter half of the week. North Sea Dated crude’s weekly average rose US$0.21/bbl to US$76.27/bbl in the week to 16 July. News that an OPEC+ agreement may be reached to increase production levels through to the end of this year, following negotiations with the UAE over their base level output, weighed on prices towards the end of the week. On the demand side, the worldwide spread of the delta variant of Covid-19 heightened fears of tighter lockdown restrictions, particularly in regions with low vaccination rates. Our ex-RVO global composite refining margin rose US$0.57/bbl to US$2.31/bbl, led by margin strength in the US and Europe.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Thrive, not survive, in the cutthroat Asian refining and oils market
Takeaways from Wood Mackenzie APPEC Briefing 2025 in Singapore
$900
Insight
Trump’s impact on thermal coal markets after half a year in office
Trump's pro-coal policies show some marginal support. 5 mine expansions add 120+ Mst reserves.
$1,100
Insight
Trump trade tensions: How US-China tariffs are reforming the aromatics and derivative markets
Analysis on the impact of tariffs on US and China aromatics industry
$900
