Commodity Market Report
Oil products price forecast update January 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 January 2023 have been updated to reflect the latest supply and demand changes in our balance forecast. Global refining margins are poised to increase to start 2024, with expectations of another season of heavy maintenance amidst continued geopolitical risk in the Middle East. The next update to our prices and margins forecast will be our mid-month update published on 15 January 2023.
Table of contents
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Refinery margins set to rebound ahead of heavy Spring maintenance
- Brent Price Outlook
- Key changes to our prices and margins view
- Crude price and differential analysis
- Regional refining margin analysis
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What's included
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