Commodity Market Report
Global product markets weekly: Weakness in gasoline and middle distillates cracks dragged down global refining margin
Report summary
A series of bullish news erased the losses on 29 November. The weekly average of North Sea Dated increased by US$0.56/bbl to US$65.00/bbl. Positive Chinese manufacturing data supported oil prices on Monday. Prices jumped on Wednesday following news that OPEC+ was likely to deepen oil output cuts. The larger-than-expected decline in US crude inventories also boosted market sentiments. Please see this Insight about the OPEC+ meeting outcome (link to the Insight). Downside risks on prices lingered amid mixed signals of the trade talks between the US and China.
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 products market weekly: Refining margins ease as crude continues to climb on geopolitical tensions
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
Commodity Market Report
Global products market weekly: Increased volatility on cracks as product market tighten
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
Commodity Market Report
Global products market weekly: Refining margins fall, as east-west freight costs ease
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