Commodity Market Report
Oil products price forecast mid-month update September 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 September 2023 have been updated to reflect the oil price movements so far this month since our last update. Global refining margins have remained elevated in the first few weeks of September, as diesel cracks have moved higher even with the announcement of China’s third batch of export quotas. Gasoline cracks have started to fall seasonally, with the shift to winter gasoline in the US helping to ease some of the prompt supply tightness. However, extensions of the Saudi/Russia production cuts will continue to put pressure on distillate production this Fall, as European refiners struggle to maximise diesel yields with lighter crude slates. The next full update to our prices and margins forecast will be published on 1 September 2023.
Table of contents
-
Refining margins buoyed as global maintenance further tightens supply
- Brent Price Outlook
- Saudi Aramco OSPs
- 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 November 2023
Mid-month update to our short-term oil products prices and margins forecast.
$1,900
Commodity Market Report
Oil products price forecast update September 2023
Short-term oil products prices and margins forecast.
$1,900
Commodity Market Report
Oil products price forecast mid-month update October 2023
Mid-month update to our short-term oil products prices and margins forecast.
$1,900