Commodity Market Report
Regional product markets short-term outlook February 2022
*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-2023 on a regional level. Our demand view for Q4 2021 and 2022 has been revised higher as the downside risk from Covid-19 to personal mobility has eased, combined with robust heating oil demand in Europe, higher use of liquids as internal refinery fuel and resilience in global air travel. Although 2022 annual crude runs remain broadly unchanged in this update, higher runs in Europe and the Middle East offset a downward revision to Asian crude runs.
Table of contents
-
Global product markets become distillate led in Q1 2022 on Atlantic Basin tightness
- Demand Methodology Enhancement -
- Changes to our Short-Term demand view
- Changes to our Short-Term supply view
- Regional refining outlook
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
North America power markets short-term outlook: October 2025
2025 has been a bounce back year for power prices
$5,990
Asset Report
El Pilar SxEw copper mine project
A detailed analysis of the El Pilar SxEw copper mine project.
$2,250
Asset Report
Khvalynskoye
The Khvalynskoye field lies in the Russian sector of the Caspian Sea, close to the Kazakh border. In May 2002, Russia and Kazakhstan ...
$3,720
