Insight
Outlook for 2018 oil product markets: still positive
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
-
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 3 images and tables including:
- Global oil demand growth by product
- NW Europe crack spreads versus Dated Brent
- Selected benchmark gross refining margins
What's included
This report contains:
Other reports you may be interested in
Insight
Corporate CCUS benchmarking 2024
Which oil and gas companies are embracing CCUS as part of their energy transition strategy?
$1,350
Commodity Market Report
Global cathode and precursor market strategic planning outlook - Q1 2024
Our latest long-term outlook detailing the global cathode and precursor market
$10,000
Insight
Webinar: The role of biofuels in the decarbonisation of transport
Wood Mackenzie analysts discuss the role of biofuels in the decarbonisation of the transport sector
$900
