Commodity Market Report
Global product markets weekly: Global refining margin improves from strengths in LPG and HSFO
Report summary
Oil market tumbled on fears of a potential global pandemic. The weekly average of North Sea Dated plunged by US$4.72/bbl to US$53.96/bbl, the lowest level since December 2018. After new infection cases of COVID-19 outside China spiked over the week, concerns rose in the oil market about a potential collapse in oil demand growth. More than 50 countries reported infection cases, with South Korea, Italy, Japan, and Iran hard hit. OPEC is discussing significant additional production cuts as oil prices fall further. The market is focused on the rate of COVID-19 new cases and the upcoming OPEC+ meeting on 5-6 March.
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
Commodity Market Report
Global products market weekly: Margins firm as gasoline cracks price above distillates
Weekly review of global refining margins across NW Europe, the Med, US Gulf Coast, New York Harbour, Singapore and the Middle East Gulf.
$1,050
Commodity Market Report
Europe product markets short-term outlook April 2024
Monthly update of prices and margins, crude runs and product-by-product supply-demand balances through to end-2025.
$1,900
Commodity Market Report
Global product markets short-term outlook March 2024
Monthly global commodity market reports and global product-by-product supply- demand balance with stock forecasts and a net trade forecasts
$1,900
