Commodity Market Report
Oil products price forecast update March 2024
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 March 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 product stock draws set up a tight Q2 2024 market. The next update to our prices and margins forecast will be our mid-month update published on 15 March 2024.
Table of contents
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Global stock draws boost gasoline cracks and refining margins to seasonal highs
- Brent Price Outlook
- Key Changes to our prices and margins view
- Market drivers to watch:
- Crude price and differential analysis
- Regional refining margin analysis
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