Commodity Market Report
Oil products price forecast update February 2024
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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 February 2024 have been updated to reflect the latest supply and demand changes in our balance forecast. Global refining margins are expected to remain supported in the coming months as heavy maintenance outages limit supply and trade disruption in the Red Sea keeps freight rates elevated. The next update to our prices and margins forecast will be our mid-month update published on 15 February 2024.
Table of contents
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Product cracks rise on increased maintenance and shifting trade flows
- Brent Price Outlook
- Key Changes to our prices and margins view
- Market drivers to watch:
- Crude price and differential analysis
- Regional refining margin analysis
Tables and charts
No table or charts specified
What's included
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