Insight
Oil product markets 2017 in review: stronger margins all round!
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
All of our benchmark margins strengthened in 2017 with support from robust oil products demand growth and unplanned outages. This means that it was another good year for those refiners who were fully operating. Crude prices increased over the course of the year and the product stock surplus fell. High margins were needed to incentivise near maximum utilisation of available capacity. In this report we review the main drivers behind the oil product markets in 2017.
Table of contents
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Introduction
- Refinery margins
- Crude markets
- Oil products demand
- Refinery operations and product stocks
- Crack spreads and trade
- A great year for refinery margins!
Tables and charts
This report includes the following images and tables:
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Selected benchmark gross refining marginsGlobal oil demand growth by productNW Europe crack spreads versus Dated Brent
What's included
This report contains:
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