Commodity Market Report
Global products market weekly: Light distillates lead product gains, diesel cracks rebound
Report summary
The oil market rose for five consecutive days, recovering its losses from the previous week, with the recent strong rebound in Chinese domestic travel injecting optimism in the oil demand outlook. US inflation data fell to 6.5%, leading to expectations of slowing interest rate hikes moving forward, coupled with a weaker dollar in the week, providing strength to oil prices. North Sea Dated crude’s weekly average increased by US$2.66/bbl, in the week ended 13 January. Our ex-RVO global composite refining margin rose by US$1.80/bbl to US$12.83/bbl, as global light and middle distillate cracks were resilient against sharp increases in crude prices. Weekly margins were at US$10.42/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: 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
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: 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