Commodity Market Report
Global products market weekly: Falling oil prices lift product cracks, lifting margins higher
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The oil market fell with central banks focusing on controlling inflation, raising concerns of a recession which could exacerbate weakness in demand, converting demand erosion to demand destruction. North Sea Dated crude’s weekly average declined by US$7.87/bbl, in the week ended 24 June. Our ex-RVO global composite refining margin strengthened by US$4.24/bbl to US$33.09/bbl. Product cracks across the barrel saw significant gains amid a sharp decrease in oil prices. Weekly margins were at US$30.09/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
Insight
Corporate resilience to a tariff-induced downturn
Our Corporate and Mining experts discuss the implications of President Trump's tariff policy and the market reaction.
$1,050
Country Report
Global aluminium smelter asset cost summary
The Global Aluminium Asset Summary examines the cost environment in the base year as well as historically and forward five years.
$6,750
Insight
Non-OPEC supply at US$50 Brent in 2025 and 2026
At US$50/bbl, US onshore Lower 48 shows the quickest and largest reaction, but it takes until 2026 to gain a sizeable effect
$1,350
