Commodity Market Report
Global product markets weekly: Strong gasoline and fuel oil cracks continued to support the global refining margin
Report summary
The crude market recovered strongly last week, catching up with the robust product market. The weekly average of North Sea dated increased by $2.26/bbl to $66.07/bbl week on week. Last week, the front month of Brent and WTI jumped on positive EIA weekly report and escalating tensions in the Middle East. The market’s expectation over Fed rate cuts this year is also holding up the prices. During Asia opening on this Monday, oil markets reacted mildly negative to the weakest China GDP growth reading as the figure came out within market expectations. The Chinese economy growth slowed to 6.2% during the second quarter, confirming the detrimental impact of Sino-US trade conflicts and thus weighing on the global demand outlook.
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
Commodity Market Report
Global product markets short-term outlook March 2024
Monthly global commodity market reports and global product-by-product supply- demand balance with stock forecasts and a net trade forecasts
$1,900
Commodity Market Report
Oil products price forecast mid-month update November 2023
Mid-month update to our short-term oil products prices and margins forecast.
$1,900
Commodity Market Report
Global products market weekly: Crude rises on Middle East fears as refining margins stabilize
Weekly review of global refining margins across NW Europe, the Med, US Gulf Coast, New York Harbour, Singapore and the Middle East Gulf.
$1,050
