Commodity Market Report

Oil products price forecast update August 2020

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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

This update incorporates all of the price forecasts, crude differentials and refining margins through to end-2021 on a regional level. Our global composite refining margin increased in July but remained over US$6/bbl below July 2019 levels. The strengthening margin reflected the recovery in transport fuel demand, but refinery runs continued to lag demand recovery allowing global stocks to draw, supporting margins. We expect the global composite to strengthen through August as demand continues to recover, however rising Coronavirus cases and increasing localised lock downs threatens to stall the recovery in demand and margin recovery. The next update to our prices and margins forecast will be our mid-month update published by close of business Monday 17 August.

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What's included

This report contains:

  • Document

    Pricing MED Aug20.xls

    XLS 1.72 MB

  • Document

    Pricing MEG Aug20.xls

    XLS 1.53 MB

  • Document

    Pricing NWE Aug20.xls

    XLS 2.16 MB

  • Document

    Pricing NYH Aug20.xls

    XLS 1.71 MB

  • Document

    Pricing Spore Aug20.xls

    XLS 2.02 MB

  • Document

    Pricing US Midcon Aug20.xls

    XLS 1.68 MB

  • Document

    Pricing USGC Aug20.xls

    XLS 2.01 MB