Commodity market report

Global product markets weekly: Margins stay high on continued destocking

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Report summary

For the week commencing 23rd October most gross refinery margins weakened. The Brent crude price strengthened just over US$1.20/bbl on a weekly average basis and closed on Friday above US$60/bbl for the first time since July 2015. Geopolitical risk continued to add a premium to Brent values following the continued tension in Kurdistan and associated production levels. Moreover market optimism around an extended production cut in 2018 is growing which was further supported by Saudi Arabia over the weekend. In the slide pack available in the Downloads section weekly changes in prices and refinery margins are presented for six key pricing points around the globe: Northwest Europe Mediterranean US Gulf Coast New York Harbour Middle East Gulf Singapore

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This report contains

  • Document

    Weekly Report 30OCT17.pdf

    PDF 1.35 MB

  • Document

    Weekly historical margins 30OCT17.xls

    XLS 285.50 KB

  • Document

    Global product markets weekly: Margins stay high on continued destocking

    ZIP 1.44 MB

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