Commodity Market Report
Global products market weekly: Increased volatility on cracks as product market tightens
Report summary
The oil market was supported by a lower-than-expected build in US inventories and falling US inflation rates, on the back of positive expectations of Chinese demand as China reopens after Lunar New Year holidays. North Sea Dated crude’s weekly average rose by US$1.79/bbl, in the week ended 27 January. Our ex-RVO global composite refining margin increased by US$1.33/bbl to US$16.00/bbl, as cracks were supported by overall tightness in product markets due to production outages. Weekly margins were at US$13.53/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: 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: Distillate markets ease despite ongoing global maintenance
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 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
