Commodity Market Report
Oil products price forecast update July 2022
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
This update incorporates all of the price forecasts, crude differentials and refining margins through to end-2023 on a regional level. Our monthly ex-RVO Global Composite margin rose US$3.70/bbl to US$29.85/bbl in June, as the continued strength in gasoline and diesel more than offset the sharp declines in naphtha and fuel oil cracks. We expect global margins to remain strong as Atlantic basin transportation fuel balances remain tight over the summer. With refinery supply essentially at a maximum, Europe and the US will continue to price strongly attract sufficient imports. We expect global margins to average US$24.25/bbl in Q3 2022
Table of contents
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
What does an OPEC+ accelerated return of cuts mean?
We examine the impact of a continuation of the accelerated easing of OPEC+ voluntary cuts from July through October 2025.
$1,350
Commodity Market Report
Oil products price forecast update July 2024
Short-term oil products prices and margins forecast.
$1,900
Commodity Market Report
Oil products price forecast mid-month update October 2024
Mid-month update to our short-term oil products prices and margins forecast.
$1,900
