Commodity Market Report
Regional product markets short-term outlook June 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. Global crude processing averaged 80.25 million b/d in May, a month-on-month decrease of 420kb/d, despite the conclusion of seasonal maintenance across Europe and North America. This represents a downward revision of 1.57 million b/d compared to our previous forecast, with cuts primarily from Asia. Global utilisation rates came in at around 77% for the month.
Table of contents
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US refiners ramp up in anticipation of an uptick in demand as the summer season begins
- Key market highlights
- Changes to our short-term demand view
- Changes to our short-term supply view
- Regional analysis
Tables and charts
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What's included
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