Commodity market report

Global product markets weekly: Robust petchem and gasoline demand keeps gasoline market tight

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Report summary

For the week commencing 30th October gross refinery margins were mixed. The Brent crude price had a weekly average over US$60/bbl for the first time since late June 2015. Market optimism of an extended OPEC production cut continues to lend support with a decision likely to be made at the upcoming OPEC meeting on 30 November. US crude exports remain high with the Brent WTI differential remaining wide and over US$6/bbl. In turn this has supported the continued draw of US commercial crude oil stocks to 2015 levels. In the slide pack available in the Downloads section weekly changes in prices and refinery margins are presented for six key pricing points around the globe: Northwest Europe Mediterranean US Gulf Coast New York Harbour Middle East Gulf Singapore

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    Weekly Report 6NOV17.pdf

    PDF 1.35 MB

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    Weekly historical margins 6NOV17.xls

    XLS 286.00 KB

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    Global product markets weekly: Robust petchem and gasoline demand keeps gasoline market tight

    ZIP 1.44 MB

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