Commodity Market Report
Argentina product markets 2021 outlook to 2050
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Report summary
Even before the Covid-19 pandemic, Argentina's refining sector was struggling with a utilisation rate below historical levels due to an ongoing economic recession. However, Argentina’s refining sector weathered the demand shock at higher utilization rates than expected. As oil demand in Argentina fell 14% in 2020 amid mobility restrictions to contain the virus, refinery utilization rates fell only 8% to 71%, equating to 418,000 b/d of national crude intake for the 606,000 b/d of the country’s CDU capacity.
Table of contents
- Oil demand to stay below 2019 levels until 2025
- Crude slate to remain regionally focused through 2027
- Diesel/gasoil deficit to increase in the long term
Tables and charts
This report includes 3 images and tables including:
- Product demand
- Product yields
- Product balances - all supply versus demand
What's included
This report contains:
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