Commodity Market Report
Regional product markets short-term outlook October 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 81.7 million b/d in September, with utilisation rates coming in at 78.2% as the autumn maintenance period begins to ramp up. This month, crude runs came in under forecast by 670 kb/d as sharp declines in refining margins saw utilisation drop and higher-than-anticipated maintenance.
Table of contents
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Distillate stocks continue to build but are expected to ease in Q4 as seasonal maintenance gains momentum
- 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
This report contains:
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