Commodity Market Report
Regional product markets short-term outlook April 2024
*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 regional crude runs and product-by-product supply-demand balances through to end-2025 on a regional level. Q1 2024 saw significant global maintenance, as refiners looked to take advantage of weaker margins to catch up on years of deferred work. As we move into Q2 2024, we expect to see crude runs rising as refiners return from outages and new capacity continues to ramp up. While global inventories remain low, the additional supply will ease balances, keeping a ceiling on product cracks. However, geopolitical risks remain a major theme for 2024, with industry already facing a strained logistics system.
Table of contents
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Refiners eye gasoline shift as middle distillate lengthens into Q2 2024
- Key Market Highlights
- Changes to our Short-Term demand view
- Changes to our Short-Term supply view
- Regional Analysis
Tables and charts
No table or charts specified
What's included
This report contains:
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