Commodity Market Report
Global product markets weekly: rising prices continue to undermine margins
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Dated Brent crude price strengthened further in the week commencing 1st October, with the weekly average price close to US$85.50/bbl. This is the strongest weekly average price for four years. The market remains concerned about the level of spare crude production capacity that will be available when US sanctions against Iran are fully in place. Saudi Arabia and Russia are likely to increase output to make up for lost Iranian exports but this reduces the cushion extra capacity that could be called on in case of disruptions to production elsewhere. We expect crude prices to stay strong for the rest of the year as Iranian exports decline. However, we expect OPEC spare capacity to grow in 2019 and this, combined with increased US tight oil production, should start to pull prices down later.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Delayed Energy Transition: Electric vehicles
Global markets continue to de-prioritise climate action in favour of industrial growth. How low could EV demand growth prospects get?
$1,050
Country Report
Global aluminium smelter asset cost summary
The Global Aluminium Asset Summary examines the cost environment in the base year as well as historically and forward five years.
$6,750
Commodity Market Report
Latin America and the Caribbean product markets short-term outlook November 2024
This monthly update incorporates crude runs, yields, and product-by-product supply-demand balances through to end-2026 for Latin America.
$1,900
