Commodity Market Report
Global products market weekly: Refining margins recover as crude prices declined
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The oil market fell at start of the week on easing of geopolitical tension in the Middle East after Israel chose not to target Iran’s energy infrastructure in its retaliatory strike. A potential ceasefire between Israel and Hezbollah and weak global demand fundaments also weighed on crude prices. However, the narrative shifted later in the week with reports that Iran plans to retaliate against Isreal through its proxies in Iraq. Moreover, decline in EIA crude inventory and expectations of a potential delay in the OPEC+ production increase provided some support to crude prices. North Sea Dated crude’s weekly average declined by US$2.15/bbl, in the week ended 1st November.
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
Insight
Europe downstream oil in brief: Exxon's Italian balancing act
ExxonMobil to sell its Augusta refinery in Italy to Algerian state-owned oil firm Sonatrach
$900
Insight
Europe downstream oil in brief: pump prices keep climbing but why have retail fuel margins collapsed?
High oil product prices and lacklustre road fuel demand weigh on retail fuel margins across Europe
$900
Insight
Europe downstream oil in brief January 2018
European refining and fuels marketing margins both declined in December
$900
