Commodity Market Report

Global products market weekly: Refinery outages drive strong margins

Get this report


You can pay by card or invoice

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

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:

  • Document

    Weekly Report 23Aug28.pdf

    PDF 508.67 KB

  • Document

    Weekly Historical Margins 2023Aug28.xls

    XLS 404.50 KB