Commodity Market Report

Global product markets weekly: Refinery margins surged on US Gulf Coast winter storm impact

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.
 

- FAQs about online orders
- Find out more about subscriptions

21 February 2021

Global product markets weekly: Refinery margins surged on US Gulf Coast winter storm impact

Report summary

The oil market continued higher, further extending the increases of the previous weeks. North Sea Dated crude’s weekly average rose by US$2.93/bbl to US$64.00 bbl in the week to 19 February – a 13-month high. Global crude oil stocks have drawn substantially in recent weeks as OPEC+ production restraint tightened supply. Freezing temperatures in the US southern states removed a further 2 million b/d of production in the short-term. However, the price rally faltered towards the end of the week as available CDU capacity in the USGC fell 4.7 million b/d according to Wood Mackenzie’s North America Refinery Intelligence service Our global composite refining margin was unchanged at US$2.08/bbl.

 

If you purchase this report, you will also receive the linked data pack by email

Table of contents

  • No table of contents specified

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Weekly Historical Margins 2021Feb22

    XLS 337.00 KB

  • Document

    Weekly Report 2021Feb22

    PDF 1.40 MB