Commodity Market Report
Global product markets weekly: Low inventories support crude and product gains
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
Commodity Market Report
Global products market weekly: Distillate markets ease despite ongoing global maintenance
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
North America gas weekly update: LNG underperformance ending
Welcome back Freeport LNG
$1,700
Commodity Market Report
LNG short-term analytics: Data download
Weekly updated data download for LNG Short-Term Analytics Service
$4,000
