Commodity Market Report
Oil products price forecast mid-month update August 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 August 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 August. For this mid-month update we have revised our August monthly Brent price outlook to align with our Macro Oils Service short-term August Outlook. Our monthly ex-RVO Global Composite margin recovered in the first half of August, inline with the August 5-year average. Strong light end cracks supported by Atlantic basin gasoline demand and firm Asian naphtha petrochemical feedstock demand has outweighed continued weak global middle distillate cracks. The next full update to our prices and margins forecast will published on 1 September 2021.
Table of contents
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Global refining margins rebound to five-year range on strong light ends cracks
- Crude price and differential analysis
- Saudi Aramco OSP Outlook
- 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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