Commodity Market Report
Global products market weekly: Margins slip as middle and heavy distillates soften
Report summary
The oil market trended lower along with financial markets, as concerns of a recession took over the headlines. Talks of EU sanctions re-emerged late week, bolstering prices. However, a step up in China’s mobility restrictions in Beijing and rising retail fuel prices continue to weigh on the demand outlook. North Sea Dated crude’s weekly average fell by US$2.74/bbl, in the week ended 13 May. Our ex-RVO global composite refining margin increased by US$1.37/bbl to US$31.16/bbl. Margins were supported by rise in global gasoline cracks. Weekly margins were at US$28.07/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
04 July 2022
Global products market weekly: Margins fall with rising product inventories in the West
Commodity Market Report
Global products market weekly: Margins fall with rising product inventories in the West
Weekly review of global refining margins across NW Europe, the Med, US Gulf Coast, New York Harbour, Singapore and the Middle East Gulf.
$1,05021 March 2022
Global products market weekly: Margins dipped as short-covering activities slowed, oil eased
Commodity Market Report
Global products market weekly: Margins dipped as short-covering activities slowed, oil eased
Weekly review of global refining margins across NW Europe, the Med, US Gulf Coast, New York Harbour, Singapore and the Middle East Gulf.
$1,05004 January 2022
Global products market weekly: Margins hold firm as Omicron fears subside
Commodity Market Report
Global products market weekly: Margins hold firm as Omicron fears subside
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
