Commodity Market Report

Global product markets weekly: Refiners still upbeat despite crude price spike

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.
 

- FAQ's about online orders
- Find out more about subscriptions

14 May 2018

Global product markets weekly: Refiners still upbeat despite crude price spike

Report summary

For the week commencing 7 May, the Dated Brent crude price hurtled past the US$75 weekly average barrier last week. This comes after the US announced their earlier-than-expected withdrawal from the Iran nuclear deal. As such, we have increased our Brent price outlook for 2018 from US69/bbl to US$74/bbl with the expectation that Iran's crude production would have fallen by 500 kb/d by end-2018. Due to the strength in Brent, coupled with growing pipeline constraints across the Permian basin in the US, the Brent-WTI has trended back to a differential of US$6/bbl.

Table of contents

  • Executive Summary

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Weekly Report 14MAY18.pdf

    PDF 1.35 MB

  • Document

    Weekly historical margins_14MAY18.xls

    XLS 302.50 KB

  • Document

    Global product markets weekly: Refiners still upbeat despite crude price spike

    ZIP 1.45 MB

Trusted by leading organisations