Commodity Market Report
Global products market weekly: Distillates lead the way as gasoline cracks weaken
Report summary
The oil market continued to increase this week, with news that Saudi Arabia would be extending its production cut through September keeping oil supply restricted and offsetting concerns around global inventories and economic data. North Sea Dated crude’s weekly average gained by US$2.34 /bbl, in the week ended 4th August. Our ex-RVO global composite refining margin rose by US$ 2.17/bbl to US$ 16.04/bbl, driven by strong gains in distillate cracks offsetting slight losses in gasoline cracks. Weekly margins were at US$ 11.38/bbl above the five-year historical average for the same week (excluding 2022).
Table of contents
- Executive summary
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: Margins broadly stable as market awaits clarity on demand outlook and the outcome of OPEC+ supply cuts
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 edge higher as crude slumps on weak demand sentiment
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: Product cracks continue to fall on improving supply, soft demand outlook
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