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 the month of March have been updated to reflect the substantial oil price movements so far this month and we have made changes to our monthly forecasts for 2020 and 2021. These changes reflect recent data releases and major market developments since our last update on 2 March. The Brent crude price outlook included in this mid-month update is provisional and is not based on a full supply / demand balance analysis. It has been produced as an indicative assessment of the oil price direction for this price update only to reflect the recent changes to the oil market. Please refer to our Macro Oil Service for any clarification. The next full update to our prices and margins forecast will published by close of business Wednesday 1 April.