Commodity Market Report
Regional product markets short-term outlook November 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. Global crude processing averaged 81.6 million b/d in October, with utilisation rates coming in at 77.7%. Seasonal maintenance looks to have peaked during the month but came in lower than the levels during the spring turnaround season. This month saw crude runs increase month-on-month by 560 kb/d as Middle Eastern and US refiners continued to run hard. This represents a slight downward revision of 40 kb/d compared to our previous forecast.
Table of contents
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Seasonal maintenance peaks with product stocks set to build heading into 2025
- 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
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