Commodity Market Report

Global products market weekly: Margins weaken as market prices in more Chinese export quotas ahead

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

19 September 2022

Global products market weekly: Margins weaken as market prices in more Chinese export quotas ahead

Report summary

The oil market rose early in the week on the back of a stalemate on the Iran nuclear discussions. However, expectations of weaker demand clouded the market despite improvement in China’s August economic data, sending prices lower. Higher consumer price index in the US and the widely expected interest rate hikes in the upcoming Federal Reserve meeting, led to overall bearish sentiment on prices. North Sea Dated crude’s weekly average rose by US$1.01/bbl, in the week ended 16 September. Our ex-RVO global composite refining margin weakened by US$4.57/bbl to US$10.95/bbl, weighed down by sharp losses in middle distillate cracks. Weekly margins were at US$5.92/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 2022Sep19.xls

    XLS 403.50 KB

  • Document

    Weekly Report 2022Sep19.pdf

    PDF 1.41 MB