Commodity Market Report
Global products market weekly: Margins rise as Spring maintenance to tighten products supply
Report summary
The oil market firmed on heightened geopolitical tensions in Middle East as US and UK launched strikes against the Houthis, in addition to the shutdown of Libya’s Sharara oil fields due to protests. However, an increase in US crude inventories and talks around US interest rates remaining high led oil prices to pull back. North Sea Dated crude’s weekly average rose by US$2.15/bbl, in the week ended 12 January. Our ex-RVO global composite refining margin were broadly stable at US$6.78/bbl, because of overall strong middle distillate cracks offsetting weakness in fuel oil. Weekly margins were at US$4.05/bbl above the five-year historical average for the same week (excluding 2022).
Table of contents
- Executive summary
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 rise as refinery maintenance keeps supply under pressure
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: Margins firm as Atlantic basin distillate cracks spike to offset Red Sea 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