Commodity Market Report
Global product markets weekly: Margins rise on strong light ends and fuel oil cracks
Report summary
The oil market edged down as oil production gradually returned after Hurricane Ida. North Sea Dated crude’s weekly average fell by US$0.77/bbl to US$72.06/bbl with China’s decision to release crude oil reserves to its private refiners adding concerns to slow demand from Asia as Covid recovery drags on. Losses were capped by lowered oil output as 77% of the US Gulf Coast offshore production still remains offline. Our ex-RVO global composite refining margin rose by US$0.14/bbl to US$5.52/bbl, recording three consecutive weeks of increase. Weekly margins were US$0.62/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 product markets short-term outlook April 2024
Monthly global commodity market reports and global product-by-product supply- demand balance with stock forecasts and a net trade forecasts
$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
Commodity Market Report
Global products market weekly: Margins rise as refinery maintenance keeps supply under pressure
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
