Commodity Market Report

Global products market weekly: Margins rebound on concerns over high gas prices, distillate supply

Get this report

$1,050

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders
- Find out more about subscriptions

01 August 2022

Global products market weekly: Margins rebound on concerns over high gas prices, distillate supply

Report summary

The oil market rose as Gazprom announced cuts to EU gas exports amid reported turbine problems. Supply concerns lingered despite the US indicating a 20-million-barrel release of oil from its strategic petroleum reserves (SPR), as weekly US inventories came in lower. An increase in US Federal interest rates led prices to fall temporarily on bearish demand outlook, but expectations of a limited increase in output from OPEC+’s meeting next week prompted higher prices. North Sea Dated crude’s weekly average fell by US$1.60/bbl, in the week ended 29 July. Our ex-RVO global composite refining margin rebounded by US$1.74/bbl to US$11.44/bbl, with US and Europe refining complexes seeking to recoup losses after four consecutive weeks of decline. Weekly margins were at US$6.83/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:

  • Document

    Weekly Historical Margins 2022Aug01.xls

    XLS 399.00 KB

  • Document

    Weekly Report 2022Aug01.pdf

    PDF 1.42 MB