Commodity Market Report

Global product markets weekly: Margins rose for a third week, led by light product cracks

Get this report

$1,050

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders
- Find out more about subscriptions

04 January 2021

Global product markets weekly: Margins rose for a third week, led by light product cracks

Report summary

The oil market remained within the previous week’s trading range in the week to January 1. Short-term demand is stronger than the lows last year but subject to downward risk. Supporting prices has been the focus on the Covid vaccines, as more countries began deploying these. Further uncertainty stalled the price rally, ahead of the OPEC+ meeting on 4 January to agree February’s production levels. The North Sea Dated weekly average rose by US$0.16/bbl to US$50.45bbl. Our global composite refining margin rose by US$0.59/bbl to US$2.57/bbl, the third consecutive weekly increase.

Table of contents

  • No table of contents specified

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Weekly Historical Margins 2021Jan04

    XLS 332.50 KB

  • Document

    Weekly Report 2021Jan04

    PDF 1.39 MB