Commodity Market Report
Regional product markets short-term outlook August 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-2026 on a regional level. July saw a divergence in product markets as a tightening gasoline balance due to rising seasonal demand has led to its strengthening relative to diesel. While this is expected to last through August and into September for gasoline, a weak diesel outlook continues to weigh on sentiment. However, diesel demand is expected to rise seasonally over the next 3 months, which should help to support refinery utilisation near current levels during Q3.
Table of contents
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Refinery product markets amply supplied despite summer demand growth
- Key market highlights
- Changes to our short-term demand view
- Changes to our short-term supply view
Tables and charts
No table or charts specified
What's included
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