Commodity Market Report
Global products market weekly: Margins falter as soaring oil prices roiled through markets
Report summary
The oil market skyrocketed above US$100/bbl with news of Russia/Ukraine conflict. Increased sanctions from US and EU have avoided energy supplies, but market players contend with heightened risk and uncertainty on credit and logistic complications when dealing with Russian origin cargoes. North Sea Dated crude’s weekly average rose by US$3.01/bbl, in the week ended 25 February. Our ex-RVO global composite refining margin fell by US$0.48/bbl to US$3.73/bbl. Margins weakened as Brent prices rose to 2014 levels on the threats of supply shortages, overshadowing strength in product cracks which was supported by tightness in fundamentals. Weekly margins were at US$0.42/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: Margins firm as gasoline cracks price above distillates
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: 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
