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Oil product markets 2017 in review: stronger margins all round!

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18 December 2017

Oil product markets 2017 in review: stronger margins all round!

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

    • 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 3 images and tables including:

  • Selected benchmark gross refining margins
  • Global oil demand growth by product
  • NW Europe crack spreads versus Dated Brent

What's included

This report contains:

  • Document

    Oil product markets 2017 in review: stronger margins all round!

    PDF 281.61 KB

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