Commodity Market Report

Global product markets weekly: Higher crude costs and stocks weigh on refinery margins

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18 June 2018

Global product markets weekly: Higher crude costs and stocks weigh on refinery margins

Report summary

For the week commencing 11 June, weekly average crude price trends diverged. The weekly average Dated Brent price was unchanged from the previous week. This compares to the US and Middle Eastern benchmark crude prices which strengthened between US$0.50-$1.00/bbl. US crudes were supported by a 4.1 mbbl draw in commercial stocks, the largest since late March, which is partly a result of stronger domestic crude runs. US crude runs have almost recovered to a pre-Hurricane Harvey high. The Brent-WTI Cushing differential narrowed slightly but remains at a wide level of almost US$8/bbl.

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    Weekly Report 18JUN18.pdf

    PDF 1.34 MB

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    Weekly historical margins_18JUN18.xls

    XLS 245.00 KB

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    Global product markets weekly: Higher crude costs and stocks weigh on refinery margins

    ZIP 1.41 MB

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