Commodity Market Report
Oil products price forecast mid-month update April 2023
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 2023 have been updated to reflect the oil price movements so far this month since our last update on 3 April. Our monthly ex-RVO Global Composite margin decreased in the first half of April, as a sharp fall in middle distillate cracks weighed on margins in all regions, as European refinery supply was boosted by the return of French refinery production following the strikes, while US supply recovered as seasonal maintenance waned. Asian balances remain long in the absence of a significant recovery in demand, adding to the global supply glut. The next full update to our prices and margins forecast will be published on 2 May 2023.
Table of contents
-
Global margins normalise with recovery reliant on US summer gasoline demand and China recovery
- Brent Price Outlook
- Saudi OSP outlook
- Key Changes to our prices and margins view
- Crude price and differential analysis
- Regional refining margin analysis
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Oil products price forecast mid-month update September 2023
Mid-month update to our short-term oil products prices and margins forecast.
$1,900
Commodity Market Report
Oil products price forecast update October 2023
Short-term oil products prices and margins forecast.
$1,900
Commodity Market Report
Oil products price forecast mid-month update August 2023
Mid-month update to our short-term oil products prices and margins forecast.
$1,900