Commodity Market Report

Global product markets weekly: Weak gasoline cracks weighed on global refining margins

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29 July 2019

Global product markets weekly: Weak gasoline cracks weighed on global refining margins

Report summary

The oil market was undecided on the direction of benchmark prices. The weekly average of dated North Sea declined slightly by US$0.94/bbl to US$62.73/bbl last week. Concerns over the slowdown of global economic growth weighed on oil prices while the continuing Iran-related tanker conflicts in the Middle East supported the market. The US rig count declined for a fourth week in a row, providing some relief to concerns over global oil supply growth.

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    Weekly historical margins 2019Jul29.xls

    XLS 288.00 KB

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    Weekly report 2019Jul29.pdf

    PDF 1.35 MB

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    Global product markets weekly: Weak gasoline cracks weighed on global refining margins

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