Commodity Market Report
Oil products price forecast mid-month update November 2020
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 November 2020 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 2 November. We have made no revision to our Brent price outlook for this mid-month update and will provide a revised outlook based on a full supply / demand balance analysis during the monthly price update. The next full update to our prices and margins forecast will published by close Tuesday 1 December.
Table of contents
- Despite a drawdown in product stocks, refinery margins to remain pressured by poor demand
- Crude price and differential analysis
- Regional refining margin analysis
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