Commodity market report

Global product markets weekly: Refinery margins recover, but high crude prices continue

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Submit your details to receive further information about this report.

  • An error has occurred while getting captcha image

Report summary

Following three weeks of globally weaker refinery margins, the week commencing 15 January saw the reversal of this trend as margins improved across all regions. Uncertainty in the crude market remains as last week saw crude markers in the US and Middle East improving whilst Dated Brent weakened. Dated Brent eased from its three-year high, however, the market remains cautious to any supply disruptions in Nigeria, Libya and Iran and further upside risk prevails. The Brent-WTI differential narrowed to average US$5.60/bbl, an eight-week low reflecting a weaker Brent market as refiners prepare for seasonal maintenance. Crude draw downs in the US continued and a further 6.8 Mbbls left inventory last week. Since early November, 45 Mbbls of crude oil has been drawn from inventory in the US.

What's included

This report contains

  • Document

    Weekly Report 22JAN18.pdf

    PDF 1.35 MB

  • Document

    Weekly historical margins_21JAN18.xls

    XLS 293.00 KB

  • Document

    Global product markets weekly: Refinery margins recover, but high crude prices continue

    ZIP 1.44 MB

Table of contents

  • Executive summary

Tables and charts

No table or charts specified

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898