Commodity Market Report
Global products market weekly: Cracks retreat further on rising refinery supply, firm oil prices
Report summary
The oil market firmed with lower US crude oil stocks and higher US refinery activity, but macroeconomic pressures from a stronger dollar as US Federal Reserve continues to increase interest rates capped gains. Investor confidence of an improvement in China’s zero-Covid measures provided support later in the week. North Sea Dated crude’s weekly average rose by US$2.74/bbl, in the week ended 4 November. Our ex-RVO global composite refining margin weakened by US$1.81/bbl to US$16.24/bbl, as US gasoline and Europe middle distillate cracks weakened on rising refinery supply. Weekly margins were at US$12.22/bbl above the five-year historical average for the same week.
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: Gasoline leads the way as distillates cracks weaken
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 ease as naphtha cracks continue to weaken
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: Margins firm as gasoline cracks price above distillates
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
