×

We are excited to announce that as of February 1, Wood Mackenzie is a portfolio company of Veritas Capital, a leading investor at the intersection of technology and government. Our focus remains on providing you with the best intelligence, analytics, data and tools to ensure you are making the best data-driven business decisions with confidence.  

Read more in our news release here. 

Commodity Market Report

Global products market weekly: Supply-side concerns and demand optimism supported cracks

Get this report

$1,050

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

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

- FAQs about online orders
- Find out more about subscriptions

23 January 2023

Global products market weekly: Supply-side concerns and demand optimism supported cracks

Report summary

The oil market rose for five consecutive days, recovering its losses from the previous week, with the recent strong rebound in Chinese domestic travel injecting optimism in the oil demand outlook. US inflation data fell to 6.5%, leading to expectations of slowing interest rate hikes moving forward, coupled with a weaker dollar in the week, providing strength to oil prices. North Sea Dated crude’s weekly average increased by US$2.66/bbl, in the week ended 13 January. Our ex-RVO global composite refining margin rose by US$1.80/bbl to US$12.83/bbl, as global light and middle distillate cracks were resilient against sharp increases in crude prices. Weekly margins were at US$10.42/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:

  • Document

    PMSST 230123.pdf

    PDF 1.41 MB

  • Document

    Weekly Historical Margins 2023Jan23.xls

    XLS 401.00 KB