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Latest Analysis / Short-term Global Oil Service

World Oil Market Report - Products Imbalances & Pressure Points

Published: 5 April, 2024

Highlights:

  • We see global core refined product demand (defined as naphtha, gasoline, middle distillates, and fuel oil) rising by 1.2 mmb/d y-o-y in 2024, with total product demand growth up 1.7 mmb/d y-o-y.
  • Naphtha: Tumultuous 2Q to usher in stronger 2H
  • Gasoline: Strong summer now baked in; shift back to winter ...

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