Insight
Outlook for 2018 oil product markets: still positive
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
At the start of 2018, refinery margins have been challenged by high crude prices and the seasonal dip in demand. However, we forecast that margins will recover and, as oil product demand growth outpaces refinery capacity additions, that this year will be another good year for refiners. In this insight, we summarise the main drivers behind our forecast for refinery margins and product crack spreads for 2018.
Table of contents
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Introduction
- Crude markets
- Oil products demand
- Crude runs and capacity changes
- Crack spreads
- Refinery margins
- Another good year ahead
Tables and charts
This report includes the following images and tables:
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Global oil demand growth by productNW Europe crack spreads versus Dated BrentSelected benchmark gross refining margins
What's included
This report contains:
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