Commodity Market Report
Oil products price forecast update July 2021
Report summary
This update incorporates all of the price forecasts, crude differentials and refining margins through to end-2022 on a regional level. Our monthly Ex-RVO Global Composite margin decreased US$0.72/bbl to US$1.01/bbl in June as global gasoline cracks weakened as refinery utilisation spiked in the Atlantic basin. We expect the composite margin to recover from the current pre-summer lows to US$1.89/bbl in July, before increasing to US$2.68 in September as Atlantic Basin summer travel demand peaks. The next update to our prices and margins forecast will be our mid-month update published by close of business Friday 16 July.
Table of contents
-
Global refining margin recovery eases as US refiners ramp up
- Brent Price Outlook
- Key Changes to our prices and margins view
- Crude price and differential analysis
- Regional refining margin analysis
Tables and charts
This report includes 1 images and tables including:
- US PADD1 Gasoline weekly imports
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Oil products price forecast update April 2024
Short-term oil products prices and margins forecast.
$1,900
Commodity Market Report
Oil products price forecast update March 2024
Short-term oil products prices and margins forecast.
$1,900
Commodity Market Report
Oil products price forecast mid-month update April 2024
Mid-month update to our short-term oil products prices and margins forecast.
$1,900
