Commodity Market Report
Global products market weekly: Weaker middle distillates softens margins
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 moved sideways this week with lingering issues on supply and demand fundamentals. On supply, EU’s attempt to prompt Iran nuclear talks counteracted with disruptions on oil exports on the southern leg of Russia’s Druzhba pipeline to central Europe. Despite positive export growth figures from China and US jobs data, the oil market remains cautious about a slowing demand outlook. North Sea Dated crude’s weekly average were broadly stable, in the week ended 12 August. Our ex-RVO global composite refining margin increased by US$0.20/bbl to US$11.64/bbl, amid losses in crude prices, while soaring fuel oil cracks globally helps to offset weakness in transport fuel cracks cracks. Weekly margins were at US$7.12/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
Insight
Thrive, not survive, in the cutthroat Asian refining and oils market
Takeaways from Wood Mackenzie APPEC Briefing 2025 in Singapore
$900
Commodity Market Report
Regional product markets short-term outlook November 2024
Monthly forecast of regional refining economics, regional demand and supply by product along with stock forecasts and a net trade forecast.
$1,900
Insight
ExxonMobil sells Fos sur Mer; Why are oil traders bullish on refining whilst majors divest?
What factors are driving oil majors to divest, what strategic value do traders see in these assets, and which refineries could be next?
$900
