Commodity Market Report

Global product markets weekly: US gasoline strength offset margin weakness in other regions

Get this report

$1,050

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders
- Find out more about subscriptions

28 June 2021

Global product markets weekly: US gasoline strength offset margin weakness in other regions

Report summary

The oil market rise accelerated last week, reaching the highest amount since October 2018. North Sea Dated crude’s weekly average rose by US$2.28/bbl to US$75.37/bbl in the week to 25 June. Refinery demand for crude oil continued to draw down Atlantic-basin inventories, while economic data, particularly in the US, signalled that further oil product demand improvements are likely. Adding to the optimism, the US President announced a bipartisan agreement had been agreed on the US fiscal stimulus package. Meanwhile, the immediate prospect of Iranian crude returning to global markets diminished as talks had so far failed to reach an agreement. Our ex- RVO global composite refining margin remained almost unchanged from the previous week’s four-month low at US$1.00/bbl. Softer middle distillate cracks weighed on European and Asian margins, while the US margins broadly rose on higher gasoline values.

Table of contents

  • No table of contents specified

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Weekly Historical Margins 2021Jun28.xls

    XLS 359.50 KB

  • Document

    Weekly Report 2021Jun28.pdf

    PDF 1.40 MB