Commodity Market Report
Global products market weekly: Tightening inventories drive distillate cracks higher; oil prices continue to slide
Report summary
The oil market extended losses into the week as IEA countries released details of a 60 million barrels SPR release in addition to 180 million barrels by the US. SPR releases outweighed discussions of sanctions on Russian oil exports as cargoes are increasingly finding buyers in Asia. North Sea Dated crude’s weekly average declined by US$8.73/bbl, in the week ended 8 April. Our ex-RVO global composite refining margin increased by US$3.54/bbl to US$21.83/bbl. Margins were driven strong product cracks in the European and Asian refining complex amid tight supplies. Weekly margins were at US$17.27/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
Commodity Market Report
Global products market weekly: Distillate markets ease despite ongoing global 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: Refining margins ease as naphtha cracks continue to weaken
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 firm as gasoline cracks price above distillates
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
