Commodity Market Report
Global products market weekly: Fuel oil strength provides fragile support to refinery margins
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 continued to fall sharply at the start of last week amid continued concerns that a global economic slowdown will lower demand, driven by a US banking crisis, but prices recovered in the later part of the week as the US Fed signalled it may slow or stop interest rate increases given the lower inflation and recent collapse of several US banks. North Sea Dated crude’s weekly average fell by US$7.63/bbl, in the week ended May 5th. Our ex-RVO global composite refining margin strengthened by US$1.46/bbl to US$5.75/bbl. Weekly margins were at US$2.51/bbl above the five-year historical average (excluding 2022) 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
Europe downstream oil month in brief: Greenergy enters the Irish market with Inver Energy acquisition
Greenergy enters the Irish market with Inver acquisition. June refining margins strengthened whereas fuels marketing margins remained flat.
$900
Insight
IMO bunker sulphur changes - smooth sailing or rough seas?
The forthcoming change in IMO regulations on the quality of marine bunkers, impacts the mix of fuels consumed by the shipping sector in 2020
$2,700
