Commodity Market Report

Global products market weekly: Margins strengthen on sustained gains in global middle distillate cracks

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

25 April 2022

Global products market weekly: Margins strengthen on sustained gains in global middle distillate cracks

Report summary

The oil market rose early in the week as three major oil fields in Libya were forced to close with blockades affecting operations. Ongoing concerns of lower Russian supply kept the market cautious of tight supply. A poor underlying demand outlook from China’s strict zero-Covid policy and a downgrade in the IMF economic growth forecast led to softer prices later in the week. North Sea Dated crude’s weekly average increased by US$1.50/bbl, in the week ended 22 April. Our ex-RVO global composite refining margin increased by US$2.23/bbl to US$24.97/bbl, on a surge in global middle distillate cracks. Weekly margins were at US$20.78/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 2022Apr25.xls

    XLS 389.50 KB

  • Document

    Weekly Report 2022Apr25.pdf

    PDF 1.40 MB