Commodity Market Report
Oil products price forecast update May 2021
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Our monthly Global Composite margin increased US$1.19/bbl to US$4.16/bbl in April, the highest monthly value for a year. We expect the composite margin to ease from current levels to US$3.35/bbl in May, as the March and April tightness in Atlantic Basin gasoline balances continues to ease. Our outlook for the Q2 and Q3 2021 sees global margins averaging below US$4.00/bbl, with values peaking in September as demand steadily improves over the summer. This update incorporates all of the price forecasts, crude differentials and refining margins through to end-2022 on a regional level. The next update to our prices and margins forecast will be our mid-month update published by close of business Monday 17 May.
Table of contents
-
Global refining margin recovery stalls as Atlantic basin refiners ramp up
- Key Changes to our prices and margins view
- Crude price and differential analysis
- Regional refining margin analysis
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Country Report
Global aluminium smelter asset cost summary
The Global Aluminium Asset Summary examines the cost environment in the base year as well as historically and forward five years.
$6,750
Commodity Market Report
Hungary retail fuels long-term outlook
The Hungarian retail market is highly concentrated with the top four players collectively account for almost 80% of sales volumes.
$4,750
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
