Commodity Market Report
Global products market weekly: Margins remain broadly stable as middle distillate cracks offset weakness in light distillates
Report summary
The oil market was supported by concerns of supply tightness as weekly US crude inventories declined further and products inventory are low ahead of US summer driving season which will see strong products demand. North Sea Dated crude’s weekly average increased by US$3.81/bbl, in the week ended 27 May. Our ex-RVO global composite refining margin rose by US$0.30/bbl to US$23.00/bbl, as increases in diesel/gasoil cracks offset weakness in naphtha cracks. Weekly margins were at US$20.32/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: 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
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