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
GPCA 2025: Feedstock economics reshape Middle East petrochemicals
Gas dominates Middle East petchems as feedstock economics reshape regional investment. Recovery expected by 2030 despite current challenges.
$900
Insight
Russian coal industry: structural crisis deepens in 2025
Russian coal exports will remain under pressure as sanctions, discounted pricing, and acute rail constraints limit export flows into Asia.
$1,100
Country Report
Global coal supply summary
Thermal and metallurgical coal markets experienced notable price fluctuations and cost management efforts in 2023.
$6,750
