Commodity Market Report
Oil products price forecast update April 2024
Report summary
The excel files associated with this report provide an update to our short-term products prices and margins forecasts. Prices and margins for April 2024 have been updated to reflect the latest supply and demand changes in our balance forecast. March pricing reflected a continued tightening of global gasoline balances against an easing distillate market driven by both lower freight costs and expectations of greater supply. As the products move in opposite directions, gasoline has become the leading product, a position that it is expected to retain through Q2 2024. The next update to our prices and margins forecast will be our mid-month update published on 16 April 2024.
Table of contents
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Gasoline cracks rise as distillates ease on Q2 2024 global oversupply
- Brent Price Outlook
- Key Changes to our prices and margins view
- Market drivers to watch:
- Crude price and differential analysis
- Regional refining margin analysis
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