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Commodity Market Report

Oil products price forecast update February 2023

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01 February 2023

Oil products price forecast update February 2023

Report summary

This update incorporates all of the price forecasts, crude differentials and refining margins through to end-2024 on a regional level. Our monthly ex-RVO Global Composite margin averaged US$14.66/bbl in January, US$5.58/bbl higher than in our previous monthly forecast, and US$1/bbl higher than in our mid-month update. In this outlook we have further increased our forecast for the global margin in February by US$4.71/bbl to US$14.64/bbl, with margins remaining elevated for longer on tight Atlantic basin balances. We expect global margins to average US$15.26/bbl in March and US$13.69/bbl in Q2 2023, increases of US$5.28/bbl and US$3.85/bbl, respectively.

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This report contains:

  • Document

    Oil products price forecast update February 2023

    PDF 752.98 KB

  • Document

    Short Term Pricing MED Feb23.xls

    XLS 1.92 MB

  • Document

    Short Term Pricing MEG Feb23.xls

    XLS 1.71 MB

  • Document

    Short Term Pricing NWE Feb23.xls

    XLS 2.32 MB

  • Document

    Short Term Pricing NYH Feb23.xls

    XLS 1.35 MB

  • Document

    Short Term Pricing Spore Feb23.xls

    XLS 1.99 MB

  • Document

    Short Term Pricing US Midcon Feb23.xls

    XLS 1.72 MB

  • Document

    Short Term Pricing USGC Feb23.xls

    XLS 2.49 MB