Commodity Market Report
Global product markets weekly: Seasonal demand offsets stronger crude prices
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
For the week commencing 14 May, the Dated Brent crude price continued to strengthen towards a weekly average of US$80/bbl, resulting in a fresh three-year high. On a daily basis, the Dated Brent price did close above US$80/bbl for the first time since early November 2014. The pending US sanctions on Iran and the expected reduction of crude exports was further supported by two Nigerian pipeline leaks last week: one on the Nembe Creek Trunk Line affecting the Bonny Light crude stream and one on the Trans-Forcados pipeline affecting Forcados crude. In the US, crude stocks continued to draw as crude runs increased seasonally ahead of the peak demand season, but crude stocks at Cushing increased for the fourth consecutive week, reflecting tighter pipeline constraints. The weekly Brent-WTI differential has consequently trended to almost US$7.50/bbl, the widest since February 2015.
Table of contents
- Executive Summary
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Gas and LNG prices in alternative energy transition scenarios - summary for Lens ETS
Overview of LNG demand and prices under alternative energy transition scenarios summary.
$1,250
Insight
Will Indonesia keep feeding its nickel giants?
Markets fear Indonesia's proposed 2026 ore quota cuts will starve the world's dominant nickel producer. But is the panic justified?
$1,050
Insight
Thermal coal: 5 things to look for in 2026
A mix of familiar challenges and emerging shifts merging for global seaborne thermal coal markets
$1,100
