Commodity Market Report
Global products market weekly: Market stays rangebound with downside pressure from demand
Report summary
The oil market stayed supported after China lowered two of its loan prime rates early in the week and US crude stocks fell. However, the stimulus measures were smaller-than-expected and the broader market sees a heightened risk of a slowing in the oil demand recovery, limiting gains on prices. North Sea Dated crude’s weekly average increased by US$0.68/bbl, in the week ended 23 June. Our ex-RVO global composite refining margin were broadly unchanged at US$9.04/bbl as global middle distillate increases were offset by weakness in light distillates. Weekly margins were at US$3.18/bbl above the five-year historical average for the same week (excluding 2022).
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: 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: 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: Gasoline leads the way as distillates cracks 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
