Commodity Market Report
Global product markets weekly: Product price increases outpaced strong crude demand
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 last week, extending the increases of the previous week. North Sea Dated crude’s weekly average rose by US$1.17/bbl to US$69.95/bbl in the week to 4 June. Economic data released last week in the US and Europe further reinforced opinions that oil demand will continue to rise in the Western economies. Crude oil supply is also expected to tighten in the coming months as OPEC+ last week reaffirmed their commitment to production restraint through to the end of July. The prospect of Iranian crude possibly returning to the global market eased and the lockdown restrictions in parts of Southeast Asia failed to restrain the upward price momentum. Our global composite refining margin decreased US$0.24/bbl to US$3.98/bbl. Margins fell strongly in the Mediterranean as demand remained low, particularly in the east of the region.
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
From oversupply to tightness: China’s polysilicon reset
the structural rebalancing of China's polysilicon market, which is being driven primarily by government policy intervention
$3,000
Insight
Oil and refining impact of US reciprocal tariffs
OPEC+ decisions and the supply reaction will also drive prices and global refining margins through crude oil light/heavy price differentials
$1,350
Insight
Oil and refining impact of US reciprocal tariffs
OPEC+ decisions and the supply reaction will also drive prices and global refining margins through crude oil light/heavy price differentials
$1,350
