Commodity Market Report
Global product markets weekly: Low inventories support crude and product gains
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
Oil market strengthened due to lower-than-expected crude inventories in the US. US crude oil production was recovering from Hurricane Ida while producers remained cautions with the onset of Hurricane Nicholas. North Sea Dated crude’s weekly average rose by US$1.56/bbl in the week ended 17 September. OPEC raised its oil demand forecast growth for 2022 to pre-pandemic levels, easing recent demand concerns as Covid cases increase. Our ex-RVO global composite refining margin strengthened further by US$0.34/bbl to US$5.82/bbl, rising above levels seen since March 2020. Weekly margins increased to US$0.96/bbl above the five year historical average.
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
Perspectives - Metals and Mining - December 2025
A cross-commodity outlook
$1,050
Insight
Global oil supply short-term update - September 2025
Upgrades to global supply driven by US Lower 48 crude and NGLs, Brazil, United Arab Emirates and Argentina
$1,350
Insight
China's current crude stockpiling support to the oil market is set to fade
China’s continued crude stockpiling could slow as storage hits capacity, pressuring oil markets
$1,350
