Commodity Market Report
Oil products price forecast update September 2020
*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-2021 on a regional level. Our global composite refining margin decreased to US$0.44/bbl in August, remaining nearly US$5/bbl below August 2019 levels. We expect the global composite to weaken further through September as cooling seasonal transport fuel demand and rising Covid cases further stalls the recovery in oil demand and refining margins. The next update to our prices and margins forecast will be our mid-month update published by close of business Wednesday 16 September.
Table of contents
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Weak refining margins to prompt closures as the chill of winter approaches?
- Regional refining margin analysis
Tables and charts
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What's included
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