Commodity Market Report
Regional product markets short-term outlook November 2023
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. Distillate markets have remained tight globally, but October saw a significant lengthening in the gasoline market as demand seemed to falter on the back of high prices and seasonal trends. With capacity expected to come back online over the next month, gasoline is expected to continue building inventories into the end of the year, while diesel looks to rebound off its current historically low stock levels.
Table of contents
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Refineries return from maintenance as gasoline lengthens and distillates remain tight
- Key Market Highlights
- Changes to our Short-Term demand view
- Changes to our Short-Term supply view
Tables and charts
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What's included
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