Commodity Market Report

Global product markets weekly: Refining margins declined amid fuel oil selling pressure

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21 October 2019

Global product markets weekly: Refining margins declined amid fuel oil selling pressure

Report summary

The October 10-11 increase in oil prices was short-lived. The North Sea Dated Brent weekly average decreased by US$0.39/bbl to US$59.27/bbl. Oil prices retreated amid lingering concerns over demand growth slowdown as markets reverted to scepticism about the potential full trade deal between the US and China. Adding downward pressure, US commercial crude inventories rose 9.3 million barrels due to lower refinery intakes and crude exports. Disappointing US manufacturing production data also contributed to bearish sentiments.

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  • Document

    Weekly historical margins 2019Oct21.xls

    XLS 290.00 KB

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    Weekly report 2019Oct21.pdf

    PDF 1.35 MB

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    Global product markets weekly: Refining margins declined amid fuel oil selling pressure

    ZIP 1.44 MB

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