Commodity Market Report
Global products market weekly: Refinery outages drive strong margins
Report summary
The oil market softened early in the week with dampened hopes of demand recovery from China with a smaller than expected cut to its one-year lending rate, while US Federal Reserve signalled potentially higher interest rates, adding to bearish sentiment. North Sea Dated crude’s weekly average fell by US$1.23/bbl, in the week ended 25 August. Our ex-RVO global composite refining margin rose by US$1.19/bbl to US$18.48/bbl, fuelled by gains in middle distillate and gasoline cracks. Weekly margins were at US$4.81/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 slide on flat demand and returning supply post 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 edge higher as crude slumps on weak demand sentiment
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: Crude prices in demand weakness, easing squeeze on product cracks
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
