Name: Oil products price forecast update September 2023
Brand: Wood Mackenzie
SKU: 157735
Price: 1900 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Commodity Market Report 04 September 2023

Get this report*

$1,900

You can pay by card or invoice

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

<div class="col small-12">
<div class="Form__Element FormChoice" data-f-element-name="__field_147196" data-f-type="choice" id="526f17d9-9134-4e46-a0b2-dee2ed7d3d9c">
    <label class="Form__Element__Caption">Consent</label>
    
        <div class="checkbox">
            <div class="checkbox__item">
                <input type="checkbox" id="__field_147196-0" name="__field_147196" value="Opt In" class="checkbox__input"   data-f-datainput />
                <label for="__field_147196-0" class="checkbox__label">Please keep me informed about Wood Mackenzie products, services and events.</label>
            </div>
        </div>
        <span class="field-validation-valid white gamma" data-f-linked-name="__field_147196" data-f-validationerror="" data-valmsg-for="" data-valmsg-replace="true" style="display:none;"></span>
    
</div>
</div>

<li class="Form__Element FormTextbox push-half--bottom form-submit-category" data-f-element-name="submit_category" data-f-type="textbox">
    <label for="submit_category" class="form-control-label">Submit Category</label>
        <input name="submit_category" id="submit_category" type="text" placeholder="Category" value="" title="Category" data-f-datainput="" class="FormHideInSummarized">
</li>

<li class="push--bottom ">
    <button id="75ab31c4-ca57-45f2-a8b1-9dcc80fe0256_2047136425" name="submit" type="submit" value="75ab31c4-ca57-45f2-a8b1-9dcc80fe0256" data-f-is-finalized="false"
            data-f-is-progressive-submit="true" data-f-type="submitbutton"
             title="Submit" disabled
            
            class="btn--block Form__Element FormExcludeDataRebind FormSubmitButton btn btn--primary">
        Submit
        
    </button>
</li>

</div>
            </div>

</form>
    
</div>

<div class="push-half--top editor">
<h6><span>For details on how your data is used and stored, see our </span><a href="/privacy-policy/">Privacy Notice</a><span>.</span></h6>
<h6> </h6></div>

</div>
    </div>
</div>
                <p class="gamma white">
                        <a class="font-bold mono-link" href="/faq/">- FAQs about online orders</a><br/>

</p>
            </div>
        </div>
            <div class="flex__equal-height">
                <div class="col">
                    <p class="white gamma store_font push-half--bottom">*Please note that this report only includes an Excel data file if this is indicated in "What's included" below</p>
                </div>
            </div>
    </div>
</div>

<div class="wrap soft-double--ends">
        <div class="col small-12 medium-3 large-2 push-half--bottom hide-for-small-only">
            <div class="bg-commodity-report report-cover">
    <div class="small-7 report-cover__logo"></div>
    
    
</div>
        </div>
        <div class="col small-12 medium-8 large-7">
            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
            <p class="mega push--bottom store_landing__body">
                <div>
The excel files associated with this report provide an update to our short-term products prices and margins forecasts. Prices and margins for September 2023 have been updated to reflect the latest supply and demand changes in our balance forecast. Global refining margins remained strong through August driven by sustained elevated cracks for gasoline and distillates in the Atlantic Basin. August average global composite margins were about US$5/bbl over the July average. Diesel is forecast to remain tight for the remainder of 2023, as maintenance in the Middle East and Asia along with already low stocks in Europe will apply pressure to the market. China’s product export quotas are expected to do little to alleviate the tightness in the market, with refiners still trying to balance short markets in gasoline and diesel. The next update to our prices and margins forecast will be our mid-month update published on 18 September 2023.</div>
            </p>
        </div>
</div>

<div class="bg-light-grey-1">
    <div class="wrap soft-double--ends">
        <div class="col small-12 medium-6 large-12">
            <div class="row">
                <div class="col small-12 large-4 push--bottom">
                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle">
        <a href="#a5143903-1208-4ed5-8f13-384f03049ff3" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="a5143903-1208-4ed5-8f13-384f03049ff3" aria-expanded="false">
            China’s export quota fails to relieve distillate market tightness, supporting margins through Q4 2023
        </a>
        <ul id="a5143903-1208-4ed5-8f13-384f03049ff3" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Brent Price Outlook
    </li>
    <li class="push-quarter--bottom">
        Key Changes to our prices and margins view
    </li>
    <li class="push-quarter--bottom">
        Crude price and differential analysis
    </li>
    <li class="push-quarter--bottom">
        Regional refining margin analysis
    </li>

</ul>
    </li>

</ul>

</div>
                <div class="col small-12 large-4 push--bottom">

<h3 class="alpha push-half--bottom">Tables and charts</h3>
    <p>No table or charts specified</p>

</div>

<div class="col small-12 large-4 push--bottom">
                    
<h3 class="alpha push-half--bottom ">What's included</h3>
<p class="push-half--bottom ">This report contains:</p>
<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Short Term Pricing MED Sep23.xls</p>
<p class="uppercase delta">
    <span>XLS</span>
    <span>2.05 MB</span>
</p>
</li><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Short Term Pricing MEG Sep23.xls</p>
<p class="uppercase delta">
    <span>XLS</span>
    <span>1.84 MB</span>
</p>
</li><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Short Term Pricing NWE Sep23.xls</p>
<p class="uppercase delta">
    <span>XLS</span>
    <span>2.49 MB</span>
</p>
</li></ul><div>
    <button data-target="#94b82e617d634a8b9a51b0028ac77a10"
            class="btn-toc js-toggle-local"
            role="button"
            aria-controls="94b82e617d634a8b9a51b0028ac77a10"
            aria-expanded="false">
        View all items in this report
    </button>
    <div id="94b82e617d634a8b9a51b0028ac77a10" class="panel-toggle">
        <ul class="list list--bullets"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Short Term Pricing NYH Sep23.xls</p>
<p class="uppercase delta">
    <span>XLS</span>
    <span>1.35 MB</span>
</p>
</li><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Short Term Pricing Spore Sep23.xls</p>
<p class="uppercase delta">
    <span>XLS</span>
    <span>2.06 MB</span>
</p>
</li><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Short Term Pricing US Midcon Sep23.xls</p>
<p class="uppercase delta">
    <span>XLS</span>
    <span>1.70 MB</span>
</p>
</li><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Short Term Pricing USGC Sep23.xls</p>
<p class="uppercase delta">
    <span>XLS</span>
    <span>2.39 MB</span>
</p>
</li><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Oil products price forecast update September 2023</p>
<p class="uppercase delta">
    <span>PDF</span>
    <span>904.07 KB</span>
</p>
</li></ul>
    </div>
</div>

</div>
            </div>
        </div>
    </div>
</div>

<div class="module">
    <div class="wrap">
        <h2 class="store_featured_title">Other reports you may be interested in</h2>
        <div class="flex__equal-height">

<a class="dark-link col small-12 medium-6 xlarge-4 report-category" href="/reports/metals-global-copper-smelter-and-refinery-cost-summary-15732247/"
        data-tracking-click="eyJldmVudCI6InByb2R1Y3RDbGljayIsImVjb21tZXJjZSI6eyJjbGljayI6eyJwcm9kdWN0cyI6W3sibmFtZSI6Ikdsb2JhbCBjb3BwZXIgc21lbHRlciBhbmQgcmVmaW5lcnkgY29zdCBzdW1tYXJ5IiwiaWQiOiIxOTA2NDQiLCJwcmljZSI6IjY3NTAuMDAiLCJxdWFudGl0eSI6MX1dfX19" ga4-data-tracking-click="eyJldmVudCI6InNlbGVjdF9pdGVtIiwiZWNvbW1lcmNlIjp7Iml0ZW1zIjpbeyJpdGVtX2lkIjoiMTkwNjQ0IiwiaXRlbV9uYW1lIjoiR2xvYmFsIGNvcHBlciBzbWVsdGVyIGFuZCByZWZpbmVyeSBjb3N0IHN1bW1hcnkiLCJwcmljZSI6IjY3NTAuMDAiLCJxdWFudGl0eSI6IjEifV19fQ==">
    <div class="row">
        <div class="col small-12 small-medium-4 report-category__cover">
            <div class="bg-country-report report-cover">
    <div class="small-7 report-cover__logo"></div>
    
    
</div>
        </div>
        <div class="col small-12 small-medium-8">
            <span class="store_badge push-quarter--bottom">Country Report</span>
            <h3 class="report-category__title">Global copper smelter and refinery cost summary</h3>
            <div class="author push-half--bottom">
                    <div class="author__content">
                        <time class="delta store_featured_content_extrabold">30 September 2025</time>
                    </div>
            </div>

<p class="gamma store_landing__body off-black font-regular push-half--bottom">A detailed analysis and forecast for production, costs, revenue and margins for copper smelters and refineries.</p>

</div>
    </div>
</a>

<a class="dark-link col small-12 medium-6 xlarge-4 report-category" href="/reports/metals-global-aluminium-smelter-asset-cost-summary-15723582/"
        data-tracking-click="eyJldmVudCI6InByb2R1Y3RDbGljayIsImVjb21tZXJjZSI6eyJjbGljayI6eyJwcm9kdWN0cyI6W3sibmFtZSI6Ikdsb2JhbCBhbHVtaW5pdW0gc21lbHRlciBhc3NldCBjb3N0IHN1bW1hcnkiLCJpZCI6IjE5MDYzOCIsInByaWNlIjoiNjc1MC4wMCIsInF1YW50aXR5IjoxfV19fX0=" ga4-data-tracking-click="eyJldmVudCI6InNlbGVjdF9pdGVtIiwiZWNvbW1lcmNlIjp7Iml0ZW1zIjpbeyJpdGVtX2lkIjoiMTkwNjM4IiwiaXRlbV9uYW1lIjoiR2xvYmFsIGFsdW1pbml1bSBzbWVsdGVyIGFzc2V0IGNvc3Qgc3VtbWFyeSIsInByaWNlIjoiNjc1MC4wMCIsInF1YW50aXR5IjoiMSJ9XX19">
    <div class="row">
        <div class="col small-12 small-medium-4 report-category__cover">
            <div class="bg-country-report report-cover">
    <div class="small-7 report-cover__logo"></div>
    
    
</div>
        </div>
        <div class="col small-12 small-medium-8">
            <span class="store_badge push-quarter--bottom">Country Report</span>
            <h3 class="report-category__title">Global aluminium smelter asset cost summary</h3>
            <div class="author push-half--bottom">
                    <div class="author__content">
                        <time class="delta store_featured_content_extrabold">29 September 2025</time>
                    </div>
            </div>

<p class="gamma store_landing__body off-black font-regular push-half--bottom">The Global Aluminium Asset Summary examines the cost environment in the base year as well as historically and forward five years.</p>

</div>
    </div>
</a>

<a class="dark-link col small-12 medium-6 xlarge-4 report-category" href="/reports/metals-global-zinc-smelter-asset-cost-summary-15722384/"
        data-tracking-click="eyJldmVudCI6InByb2R1Y3RDbGljayIsImVjb21tZXJjZSI6eyJjbGljayI6eyJwcm9kdWN0cyI6W3sibmFtZSI6Ikdsb2JhbCB6aW5jIHNtZWx0ZXIgYXNzZXQgY29zdCBzdW1tYXJ5IiwiaWQiOiIxOTAzNzEiLCJwcmljZSI6IjY3NTAuMDAiLCJxdWFudGl0eSI6MX1dfX19" ga4-data-tracking-click="eyJldmVudCI6InNlbGVjdF9pdGVtIiwiZWNvbW1lcmNlIjp7Iml0ZW1zIjpbeyJpdGVtX2lkIjoiMTkwMzcxIiwiaXRlbV9uYW1lIjoiR2xvYmFsIHppbmMgc21lbHRlciBhc3NldCBjb3N0IHN1bW1hcnkiLCJwcmljZSI6IjY3NTAuMDAiLCJxdWFudGl0eSI6IjEifV19fQ==">
    <div class="row">
        <div class="col small-12 small-medium-4 report-category__cover">
            <div class="bg-country-report report-cover">
    <div class="small-7 report-cover__logo"></div>
    
    
</div>
        </div>
        <div class="col small-12 small-medium-8">
            <span class="store_badge push-quarter--bottom">Country Report</span>
            <h3 class="report-category__title">Global zinc smelter asset cost summary</h3>
            <div class="author push-half--bottom">
                    <div class="author__content">
                        <time class="delta store_featured_content_extrabold">09 September 2025</time>
                    </div>
            </div>

<p class="gamma store_landing__body off-black font-regular push-half--bottom">Detailed analysis and forecast for production, costs, revenue and margins for zinc smelters.</p>

</div>
    </div>
</a>

</div>
    </div>
</div>

<div><div class="wrap push-double--ends"><div class="col small-12">
    <h2 class="store_featured_title">Browse reports by industry sector</h2>
</div>

<div class="browse-lister flex__equal-height"><div>
<a href="/store/industry-sector/petrochemicals/" class="img-overlay">
    <figure class="img-overlay__wrap">
        <img class="img-overlay__image lazyload" data-src="https://www.woodmac.com/siteassets/photography---industry/chemicals-polymers--fibres/woodmac_chemicals_020.jpg?w=500&h=300&mode=crop&center=0.5,0.5" alt="">
    </figure>
    <div class="img-overlay__blend">
        <div class="img-overlay__content">
            <h3 class="alpha push-quarter--bottom white">Chemicals</h3>
        </div>
    </div>
</a></div><div>
<a href="/store/industry-sector/power-and-renewables/" class="img-overlay">
    <figure class="img-overlay__wrap">
        <img class="img-overlay__image lazyload" data-src="https://www.woodmac.com/siteassets/photography---industry/power--renewables/woodmac_wind_008.jpg?w=500&h=300&mode=crop&center=0.5,0.5" alt="">
    </figure>
    <div class="img-overlay__blend">
        <div class="img-overlay__content">
            <h3 class="alpha push-quarter--bottom white">Power and renewables</h3>
        </div>
    </div>
</a></div><div>
<a href="/store/industry-sector/metals-markets/" class="img-overlay">
    <figure class="img-overlay__wrap">
        <img class="img-overlay__image lazyload" data-src="https://www.woodmac.com/siteassets/photography---industry/metals--mining/woodmac_metals_mining_051.jpg?w=500&h=300&mode=crop&center=0.5,0.5" alt="">
    </figure>
    <div class="img-overlay__blend">
        <div class="img-overlay__content">
            <h3 class="alpha push-quarter--bottom white">Metals markets</h3>
        </div>
    </div>
</a></div><div>
<a href="/store/industry-sector/metals-costs/" class="img-overlay">
    <figure class="img-overlay__wrap">
        <img class="img-overlay__image lazyload" data-src="https://www.woodmac.com/siteassets/photography---industry/metals--mining/woodmac_metals_mining_052.jpg?w=500&h=300&mode=crop&center=0.5,0.5" alt="">
    </figure>
    <div class="img-overlay__blend">
        <div class="img-overlay__content">
            <h3 class="alpha push-quarter--bottom white">Metals costs</h3>
        </div>
    </div>
</a></div><div>
<a href="/store/industry-sector/coal/" class="img-overlay">
    <figure class="img-overlay__wrap">
        <img class="img-overlay__image lazyload" data-src="https://www.woodmac.com/siteassets/photography---industry/metals--mining/woodmac_metals_mining_001.jpg?w=500&h=300&mode=crop&center=0.5,0.5" alt="">
    </figure>
    <div class="img-overlay__blend">
        <div class="img-overlay__content">
            <h3 class="alpha push-quarter--bottom white">Coal</h3>
        </div>
    </div>
</a></div><div>
<a href="/store/industry-sector/macroeconomics-risk-and-global-trends/" class="img-overlay">
    <figure class="img-overlay__wrap">
        <img class="img-overlay__image lazyload" data-src="https://www.woodmac.com/siteassets/photography---industry/corporate-analysis/woodmac_corporate_002_2.jpg?w=500&h=300&mode=crop&center=0.5,0.5" alt="">
    </figure>
    <div class="img-overlay__blend">
        <div class="img-overlay__content">
            <h3 class="alpha push-quarter--bottom white">Macroeconomics, risk and global trends</h3>
        </div>
    </div>
</a></div><div>
<a href="/store/industry-sector/lng-reports/" class="img-overlay">
    <figure class="img-overlay__wrap">
        <img class="img-overlay__image lazyload" data-src="https://www.woodmac.com/siteassets/photography---industry/gas--lng/woodmac_lng_001.jpg?w=500&h=300&mode=crop&center=0.5,0.5" alt="">
    </figure>
    <div class="img-overlay__blend">
        <div class="img-overlay__content">
            <h3 class="alpha push-quarter--bottom white">LNG</h3>
        </div>
    </div>
</a></div><div>
<a href="/store/industry-sector/upstream-oil-and-gas/" class="img-overlay">
    <figure class="img-overlay__wrap">
        <img class="img-overlay__image lazyload" data-src="https://www.woodmac.com/siteassets/photography---industry/upstream-offshore/allseas_transport-of-the-delta-topsides-to-hartlepool.jpg?w=500&h=300&mode=crop&center=0.5,0.5" alt="">
    </figure>
    <div class="img-overlay__blend">
        <div class="img-overlay__content">
            <h3 class="alpha push-quarter--bottom white">Upstream oil and gas</h3>
        </div>
    </div>
</a></div><div>
<a href="/store/industry-sector/oil-and-gas-markets/" class="img-overlay">
    <figure class="img-overlay__wrap">
        <img class="img-overlay__image lazyload" data-src="https://www.woodmac.com/siteassets/photography---industry/upstream-offshore/woodmac_upstream_offshore_061.jpg?w=500&h=300&mode=crop&center=0.5,0.5" alt="">
    </figure>
    <div class="img-overlay__blend">
        <div class="img-overlay__content">
            <h3 class="alpha push-quarter--bottom white">Oil and gas markets</h3>
        </div>
    </div>
</a></div><div>
<a href="/store/industry-sector/downstream-oil-refining/" class="img-overlay">
    <figure class="img-overlay__wrap">
        <img class="img-overlay__image lazyload" data-src="https://www.woodmac.com/siteassets/photography---industry/oils--refining/woodmac_oils_refining_018.jpg?w=500&h=300&mode=crop&center=0.5,0.5" alt="">
    </figure>
    <div class="img-overlay__blend">
        <div class="img-overlay__content">
            <h3 class="alpha push-quarter--bottom white">Downstream oil refining</h3>
        </div>
    </div>
</a></div></div>
</div></div>

</main>

<footer class="site-footer">
        <div class="site-footer__top bg-primary-color soft-double--ends">
            <div class="wrap flexbox--medium">
                <div class="col small-12 medium-5 large-5 push-1--large">
                        <p class="tera white font-regular push--bottom">Inspiring natural<br />resources decisions.</p>

<h2 class="kilo white font-regular push--bottom">Get valuable updates from our team of experts right into your inbox.</h2>

<a href="/market-insights/sign-up/" class="btn btn--primary push-half--top push-bottom--small">Sign up for weekly insights</a>

</div>
                
                <div class="col small-12 medium-7 large-6 show-for-medium-up">
                    <div class="flexbox flex__equal-height justify-between white">
                            <div class="col small-12 medium-4 large-4">
        <h2 class="site-footer__col-heading gamma uppercase push--bottom">DISCOVER</h2>
            <ul>
                    <li class="site-footer__item">
                        <a href="/industry/power-and-renewables/" title="Power & Renewables" class="site-footer__link gamma white">Power & Renewables</a>
                    </li>
                    <li class="site-footer__item">
                        <a href="/market-insights/topics/energy-transition/" title="Energy Transition" class="site-footer__link gamma white">Energy Transition</a>
                    </li>
                    <li class="site-footer__item">
                        <a href="/products/consulting/" title="Consulting" class="site-footer__link gamma white">Consulting</a>
                    </li>
                    <li class="site-footer__item">
                        <a href="/events/" title="Events" class="site-footer__link gamma white">Events</a>
                    </li>
                    <li class="site-footer__item">
                        <a href="/store/" title="Reports" class="site-footer__link gamma white">Reports</a>
                    </li>
            </ul>
    </div>

<div class="col small-12 medium-4 large-4">
        <h2 class="site-footer__col-heading gamma uppercase push--bottom">RESOURCES</h2>
            <ul>
                    <li class="site-footer__item">
                        <a href="/market-insights/" title="News & Opinion" class="site-footer__link gamma white">News & Opinion</a>
                    </li>
                    <li class="site-footer__item">
                        <a href="/horizons/" title="Horizons" class="site-footer__link gamma white">Horizons</a>
                    </li>
                    <li class="site-footer__item">
                        <a href="/market-insights/types/podcasts/" title="Podcasts" class="site-footer__link gamma white">Podcasts</a>
                    </li>
                    <li class="site-footer__item">
                        <a target="_blank" href="https://support.woodmac.com/en/" title="Customer support" class="site-footer__link gamma white">Customer support</a>
                    </li>
            </ul>
    </div>

<div class="col small-12 medium-4 large-4 flush--right">
        <h2 class="site-footer__col-heading gamma uppercase push--bottom">ABOUT WOODMAC</h2>
            <ul>
                    <li class="site-footer__item">
                        <a href="/about/overview/" title="About us" class="site-footer__link gamma white">About us</a>
                    </li>
                    <li class="site-footer__item">
                        <a href="/media-centre/" title="Media centre" class="site-footer__link gamma white">Media centre</a>
                    </li>
                    <li class="site-footer__item">
                        <a href="/careers/" title="Careers" class="site-footer__link gamma white">Careers</a>
                    </li>
                    <li class="site-footer__item">
                        <a target="_top" href="/about/our-locations/" title="Our locations" class="site-footer__link gamma white">Our locations</a>
                    </li>
            </ul>
    </div>

</div>
                </div>

<div class="col small-12 js-accordion show-for-small-only">
                        <div class="footer-accordion__wrapper">
        <h2>
            <button aria-expanded="false" class="footer-accordion__trigger js-accordion__trigger relative gamma white uppercase flex align-center font-bold" aria-controls="accordion-section--380ed94b-db46-46c7-aab2-359370f270e3" id="accordion-button--380ed94b-db46-46c7-aab2-359370f270e3">
                <span>DISCOVER</span>
                <svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="none"><g stroke="#fff" stroke-linecap="round" stroke-linejoin="round" stroke-width="1.28" clip-path="url(#a)"><path d="M8 .96v14.08M15.04 8H.96" aria-hidden="true" focusable="false" /></g><defs><clipPath id="a"><path fill="#fff" d="M0 0h16v16H0z" /></clipPath></defs></svg>
            </button>
        </h2>
            <div class="footer-accordion__panel" id="accordion-section--380ed94b-db46-46c7-aab2-359370f270e3" aria-labelledby="accordion-button--380ed94b-db46-46c7-aab2-359370f270e3">
                <ul>
                        <li class="site-footer__item">
                            <a href="/industry/power-and-renewables/" title="Power & Renewables" class="site-footer__link gamma white">Power & Renewables</a>
                        </li>
                        <li class="site-footer__item">
                            <a href="/market-insights/topics/energy-transition/" title="Energy Transition" class="site-footer__link gamma white">Energy Transition</a>
                        </li>
                        <li class="site-footer__item">
                            <a href="/products/consulting/" title="Consulting" class="site-footer__link gamma white">Consulting</a>
                        </li>
                        <li class="site-footer__item">
                            <a href="/events/" title="Events" class="site-footer__link gamma white">Events</a>
                        </li>
                        <li class="site-footer__item">
                            <a href="/store/" title="Reports" class="site-footer__link gamma white">Reports</a>
                        </li>
                </ul>
            </div>
    </div>

<div class="footer-accordion__wrapper">
        <h2>
            <button aria-expanded="false" class="footer-accordion__trigger js-accordion__trigger relative gamma white uppercase flex align-center font-bold" aria-controls="accordion-section--a463c8a8-4291-4313-a1bc-ff1052d273fc" id="accordion-button--a463c8a8-4291-4313-a1bc-ff1052d273fc">
                <span>RESOURCES</span>
                <svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="none"><g stroke="#fff" stroke-linecap="round" stroke-linejoin="round" stroke-width="1.28" clip-path="url(#a)"><path d="M8 .96v14.08M15.04 8H.96" aria-hidden="true" focusable="false" /></g><defs><clipPath id="a"><path fill="#fff" d="M0 0h16v16H0z" /></clipPath></defs></svg>
            </button>
        </h2>
            <div class="footer-accordion__panel" id="accordion-section--a463c8a8-4291-4313-a1bc-ff1052d273fc" aria-labelledby="accordion-button--a463c8a8-4291-4313-a1bc-ff1052d273fc">
                <ul>
                        <li class="site-footer__item">
                            <a href="/market-insights/" title="News & Opinion" class="site-footer__link gamma white">News & Opinion</a>
                        </li>
                        <li class="site-footer__item">
                            <a href="/horizons/" title="Horizons" class="site-footer__link gamma white">Horizons</a>
                        </li>
                        <li class="site-footer__item">
                            <a href="/market-insights/types/podcasts/" title="Podcasts" class="site-footer__link gamma white">Podcasts</a>
                        </li>
                        <li class="site-footer__item">
                            <a target="_blank" href="https://support.woodmac.com/en/" title="Customer support" class="site-footer__link gamma white">Customer support</a>
                        </li>
                </ul>
            </div>
    </div>

<div class="footer-accordion__wrapper">
        <h2>
            <button aria-expanded="false" class="footer-accordion__trigger js-accordion__trigger relative gamma white uppercase flex align-center font-bold" aria-controls="accordion-section--55a101c6-554e-42e5-a2a9-d03cc78d6916" id="accordion-button--55a101c6-554e-42e5-a2a9-d03cc78d6916">
                <span>ABOUT WOODMAC</span>
                <svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="none"><g stroke="#fff" stroke-linecap="round" stroke-linejoin="round" stroke-width="1.28" clip-path="url(#a)"><path d="M8 .96v14.08M15.04 8H.96" aria-hidden="true" focusable="false" /></g><defs><clipPath id="a"><path fill="#fff" d="M0 0h16v16H0z" /></clipPath></defs></svg>
            </button>
        </h2>
            <div class="footer-accordion__panel" id="accordion-section--55a101c6-554e-42e5-a2a9-d03cc78d6916" aria-labelledby="accordion-button--55a101c6-554e-42e5-a2a9-d03cc78d6916">
                <ul>
                        <li class="site-footer__item">
                            <a href="/about/overview/" title="About us" class="site-footer__link gamma white">About us</a>
                        </li>
                        <li class="site-footer__item">
                            <a href="/media-centre/" title="Media centre" class="site-footer__link gamma white">Media centre</a>
                        </li>
                        <li class="site-footer__item">
                            <a href="/careers/" title="Careers" class="site-footer__link gamma white">Careers</a>
                        </li>
                        <li class="site-footer__item">
                            <a target="_top" href="/about/our-locations/" title="Our locations" class="site-footer__link gamma white">Our locations</a>
                        </li>
                </ul>
            </div>
    </div>

</div>
            </div>
        </div>
        <div class="site-footer__bottom bg-secondary-color soft--ends">
            <div class="wrap">
                <div class="flexbox--medium justify-between--medium">
                    <ul class="site-footer__link-list col small-12 medium-10 flexbox flex-wrap">
                            <li class="site-footer__item"><a class="site-footer__link gamma white" href="/conditions-of-use/">Terms of use</a></li>
                                                    <li class="site-footer__item"><a class="site-footer__link gamma white" href="/privacy-policy-centre/">Privacy</a></li>
                                                    <li class="site-footer__item"><a class="site-footer__link gamma white" href="/privacy-policy-centre/compliance/">Policies</a></li>
                                                                                                    <li class="site-footer__item"><a class="site-footer__link gamma white" href="/cookie-policy/">Cookie policy</a></li>
                    </ul>
                    <ul class="col flexbox push-top--small">
                            <li class="site-footer__item">
                                <a class="site-footer__social flexbox" href="https://x.com/WoodMackenzie">
                                        <span class="visuallyhidden">X</span>
    <svg width="24" height="24" viewBox="0 0 1200 1227" fill="none" xmlns="http://www.w3.org/2000/svg"><title>X</title><path d="M714.163 519.284L1160.89 0H1055.03L667.137 450.887L357.328 0H0L468.492 681.821L0 1226.37H105.866L515.491 750.218L842.672 1226.37H1200L714.137 519.284H714.163ZM569.165 687.828L521.697 619.934L144.011 79.6944H306.615L611.412 515.685L658.88 583.579L1055.08 1150.3H892.476L569.165 687.854V687.828Z" fill="white" /></svg>

</a>
                            </li>
                            <li class="site-footer__item">
                                <a class="site-footer__social flexbox" href="http://www.linkedin.com/company/wood-mackenzie">
                                        <span class="visuallyhidden">LinkedIn</span>
    <svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" fill="none" aria-hidden="true" focusable="false"><title>LinkedIn</title><g clip-path="url(#clip0_1_238)"><path fill="#fff" d="M22.223 0H1.772C.792 0 0 .773 0 1.73v20.536C0 23.222.792 24 1.772 24h20.451c.98 0 1.777-.778 1.777-1.73V1.73C24 .773 23.203 0 22.223 0ZM7.12 20.452H3.558V8.995H7.12v11.457ZM5.34 7.434a2.064 2.064 0 1 1 0-4.125 2.063 2.063 0 0 1 0 4.125Zm15.112 13.018h-3.558v-5.57c0-1.326-.024-3.037-1.852-3.037-1.851 0-2.133 1.449-2.133 2.944v5.663H9.356V8.995h3.413v1.566h.047c.473-.9 1.636-1.852 3.365-1.852 3.605 0 4.27 2.372 4.27 5.457v6.286Z" /></g><defs><clipPath id="clip0_1_238"><path fill="#fff" d="M0 0h24v24H0z" /></clipPath></defs></svg>

</a>
                            </li>
                            <li class="site-footer__item">
                                <a class="site-footer__social flexbox" href="https://bsky.app/profile/woodmac.com">
                                        <span class="visuallyhidden">Bluesky</span>
    <svg width="24" height="24" viewBox="0 0 568 501" fill="none" xmlns="http://www.w3.org/2000/svg"><title>Bluesky</title><path d="M123.121 33.6637C188.241 82.5526 258.281 181.681 284 234.873C309.719 181.681 379.759 82.5526 444.879 33.6637C491.866 -1.61183 568 -28.9064 568 57.9464C568 75.2916 558.055 203.659 552.222 224.501C531.947 296.954 458.067 315.434 392.347 304.249C507.222 323.8 536.444 388.56 473.333 453.32C353.473 576.312 301.061 422.461 287.631 383.039C285.169 375.812 284.017 372.431 284 375.306C283.983 372.431 282.831 375.812 280.369 383.039C266.939 422.461 214.527 576.312 94.6667 453.32C31.5556 388.56 60.7778 323.8 175.653 304.249C109.933 315.434 36.0535 296.954 15.7778 224.501C9.94525 203.659 0 75.2916 0 57.9464C0 -28.9064 76.1345 -1.61183 123.121 33.6637Z" fill="white" /></svg>

</a>
                            </li>
                            <li class="site-footer__item">
                                <a class="site-footer__social flexbox" href="https://www.youtube.com/woodmackenziechannel">
                                        <span class="visuallyhidden">Youtube</span>
    <svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" fill="none" aria-hidden="true" focusable="false"><title>Youtube</title><path fill="#fff" d="M23.76 7.2s-.233-1.655-.955-2.381c-.914-.956-1.936-.961-2.405-1.017-3.356-.244-8.395-.244-8.395-.244h-.01s-5.039 0-8.395.244c-.469.056-1.49.06-2.405 1.017C.473 5.545.244 7.2.244 7.2S0 9.145 0 11.086v1.819c0 1.94.24 3.886.24 3.886s.233 1.654.95 2.38c.915.957 2.115.924 2.65 1.027 1.92.183 8.16.24 8.16.24s5.044-.01 8.4-.249c.469-.056 1.49-.06 2.405-1.017.722-.727.956-2.381.956-2.381S24 14.85 24 12.905v-1.819c0-1.94-.24-3.886-.24-3.886ZM9.52 15.113V8.367l6.483 3.385-6.483 3.36Z" /></svg>

</a>
                            </li>
                    </ul>
                </div>
                
            </div>
        </div>
    </footer>

var registerClicks = function () {
        var querySelector = '[ga4-component-tracking]';
        var dataSelector = document.querySelectorAll(querySelector);
        if (dataSelector !== undefined && dataSelector !== null) {
            for (var i = 0; i < dataSelector.length; ++i) {
                dataSelector[i].onclick = function () {

var ga4ComponentData = this.getAttribute('ga4-component-tracking');
                    if (ga4ComponentData !== undefined && ga4ComponentData !== null) {
                        ga4ComponentData = window.atob(ga4ComponentData);
                        componentdata = JSON.parse(ga4ComponentData);
                        dataLayer.push(componentdata);
                    }
                }
            }
        }
    }

registerClicks();
</script>

window.dataLayer = window.dataLayer || [];

var registerClicks = function () {

var querySelector = '[data-tracking-click],[ga4-data-tracking-click]';
        var dataSelector = document.querySelectorAll(querySelector);
        if (dataSelector !== undefined && dataSelector !== null) {
            for (var i = 0; i < dataSelector.length; ++i) {
                dataSelector[i].onclick = function() {
                    var data = this.getAttribute('data-tracking-click');
                    if (data !== undefined && data !== null) {
                            data = window.atob(data);

data = JSON.parse(data);

dataLayer.push(data);
                    }

var ga4data = this.getAttribute('ga4-data-tracking-click');
                    if (ga4data !== undefined && ga4data !== null) {
                            ga4data = window.atob(ga4data);

ga4data = JSON.parse(ga4data);

dataLayer.push(ga4data);
                    }
                }
            }
        }
    }

registerClicks();

</script>

Upstream

Emissions & Carbon Management

Energy Transition Scenarios & Technologies

Power & Renewables

Gas & LNG

Metals & Mining

Oils & Chemicals

Commodity Trading Analytics

Supply Chain Analytics

Consulting

Wood Mackenzie Events

Industry

Global events

Asia

Africa

Europe

North America

Power and renewables

Upstream oil and gas

Macroeconomics, risk and global trends

Oil and gas markets

Midstream oil and gas

LNG

Downstream oil refining

Coal

Metals markets

Metals costs

Chemicals

Wallmaps for sale

Power & Renewables

Hydrogen

Upstream

Subsurface

Gas & LNG

Metals & Mining

Carbon

Emissions

Lens Direct - API

Access our research platforms

Oil products price forecast update September 2023

$1,900

Contact us