Commodity Market Report

Global product markets weekly: refining margins improved on stronger gasoline and fuel oil cracks in Singapore

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16 September 2019

Global product markets weekly: refining margins improved on stronger gasoline and fuel oil cracks in Singapore

Report summary

The North Sea Dated weekly average increased by US$2.16/bbl to US$62.32/bbl. Oil prices rose last Monday, supported by the optimism brought by the resumption of trade talks between China and the US. A further drawdown in US commercial crude stock offered additional support to the oil market. However, the drop in OPEC+ production compliance rate in August capped the increase in oil prices. The implied US dovish stance on Iran sanctions after John Bolton left the Trump administration eliminated the bullish sentiment in the market.

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    Weekly historical margins 2019Sep16.xls

    XLS 286.50 KB

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    Weekly report 2019Sep16.pdf

    PDF 1.34 MB

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    Global product markets weekly: refining margins improved on stronger gasoline and fuel oil cracks in Singapore

    ZIP 1.44 MB

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