Commodity Market Report

Global product markets weekly: Global refining margins retreated amid weak gasoline cracks

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09 September 2019

Global product markets weekly: Global refining margins retreated amid weak gasoline cracks

Report summary

The North Sea Dated weekly average increased by US$0.59/bbl to US$60.16/bbl. After new tariffs between China and the US kicked in, oil prices fell during the first half of the week as sentiment around economic growth continued to weaken amid a low manufacturing index reading in the US. The EIA report boosted market sentiments for a second week as the US crude oil stock declined. Again, China and the US agreed to resume trade talks in October, reversing some pessimism in the market. We are wary of the volatility brought by Sino-US trade conflicts.

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  • Document

    Weekly historical margins 2019Sep09.xls

    XLS 285.50 KB

  • Document

    Weekly report 2019Sep09.pdf

    PDF 1.35 MB

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    Global product markets weekly: Global refining margins retreated amid weak gasoline cracks

    ZIP 1.44 MB

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