Commodity Market Report
Global product markets weekly: Margins soured by Dubai crude recovery
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
The oil market rose to an eight-week high last week. North Sea Dated crude’s weekly average rose by US$1.65/bbl to US$68.62/bbl in the week to 7 May. Prices rose sharply at the start of the week, as economic indicators, particularly from the US and China, improved expectations for oil demand. However, prices retraced some of these gains later in the week as concerns increased that the surge of new virus cases in India would have a deeper and longer lasting impact on demand. Physical crude demand improved as refineries increased runs after maintenance and economic shutdowns, adding some fundamental support to prices. Our global composite refining margin weekly average fell US$0.42/bbl, from a one-year high, to US$4.47/bbl. Light product cracks declined in all regions, with the sharpest falls recorded in naphtha.
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
EPCA 59th Annual Meeting summary
Wood Mackenzie's key takeaways from EPCA 2025
$900
Insight
Russian coal industry: structural crisis deepens in 2025
Russian coal exports will remain under pressure as sanctions, discounted pricing, and acute rail constraints limit export flows into Asia.
$1,100
Insight
Shandong site visit: key takeaways on China's adaptation to unprecedented copper market challenges
Negative spot TCRCs are causing adjustments across the copper value chain
$1,050
