Commodity Market Report
Global products market weekly: Rise in China’s product export quotas pressured diesel cracks
Report summary
The oil market plunged on the third day of New Year’s trading as weak macroeonomic data releases on China’s PMI index, US services industry activity and Euro zone inflation rate, led to heightened recessionary fears. Later in the week, an increase in US crude inventories offset price strength from a weaker dollar. In the week ending 6 January, North Sea Dated crude’s weekly average fell by US$3.06/bbl. Our ex-RVO global composite refining margin weakened by US$1.06/bbl to US$17.37/bbl, weighed down by weakness in diesel/gasoil cracks. Weekly margins were at US$14.81/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:
Other reports you may be interested in
16 January 2023
Global products market weekly: Light distillates lead product gains, diesel cracks rebound
Commodity Market Report
Global products market weekly: Light distillates lead product gains, diesel cracks rebound
Weekly review of global refining margins across NW Europe, the Med, US Gulf Coast, New York Harbour, Singapore and the Middle East Gulf.
$1,05023 January 2023
Global products market weekly: Supply-side concerns and demand optimism supported cracks
Commodity Market Report
Global products market weekly: Supply-side concerns and demand optimism supported cracks
Weekly review of global refining margins across NW Europe, the Med, US Gulf Coast, New York Harbour, Singapore and the Middle East Gulf.
$1,05005 December 2022
Global products market weekly: Margins narrow as crude recovers, products supply lengthens
Commodity Market Report
Global products market weekly: Margins narrow as crude recovers, products supply lengthens
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
