Commodity Market Report
Regional product markets short-term outlook February 2023
*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-2024 on a regional level. For this update, we have made a significant downward revision to near-term crude runs, however, this is offset by a stronger H2 2023 view. Q1 2023 runs have been revised lower as stronger runs in Europe and Russia ahead of the EU ban were offset by a large downward revision to North American and Middle East runs. This reflects higher announced maintenance and a shift in the start-up of new greenfield refineries. Russian crude runs have been revised higher in January and February as refined product exports have remained resilient to date.
Table of contents
-
Global supply tightens as EU embargo looms – Russian product exports start to diversify
- Changes to our Short-Term demand view
- EU price cap and embargo on Russian refined oil products
- Changes to our Short-Term supply view
- Regional analysis
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Asset Report
Saros FSRU
Saros FSRU is an operational regas terminal in the Gulf of Saros, off the northwest coast of Turkey.
$1,450
Insight
North America gas supply basin takeaway monitor
Wood Mackenzie's monthly update on pipeline takeaway capacity across key North America regions.
$950
Insight
How would energy tariffs affect North American gas markets?
Analysis on the potential impact of Trump Administration's energy tariffs on North American natural gas prices and trade flows.
$950
