Commodity Market Report
Oil products price forecast mid-month update April 2021
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The excel files associated with this report provide a mid-month update to our short-term products prices and margins forecasts. Prices and margins for April 2021 have been updated to reflect the oil price movements so far this month. These changes reflect recent data releases and major market developments since our last update on 1 April. For this mid-month publication, we have updated our Brent price outlook to align with our Macro Oils Service short-term April Outlook. Our monthly Global Composite margin increased US$1.40/bbl to US$4.36/bbl in the first half of April, on course for the highest monthly value since October 2019. However, we expect the composite margin to ease slightly in May, as the recent strength in Atlantic Basin gasoline cracks soften. The next full update to our prices and margins forecast will published on May 3 2021.
Table of contents
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Global refinery margins spike on strong Atlantic basin gasoline recovery
- Key Changes to our prices and margins view
- Crude price and differential analysis
- Regional refining margins analysis
Tables and charts
This report includes the following images and tables:
- Saudi Aramco’s Official Selling Price Arab Light into NW Europe
What's included
This report contains:
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