Commodity Market Report
Argentina product markets long-term outlook H2 2020
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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 13.5% in 2020 amid mobility restrictions to contain the virus, refinery utilization rates fell only 8 percentage points to 71%, equating to 420,000 b/d of national crude intake for the 601,000 b/d of the country’s CDU capacity.
Table of contents
- Oil demand to recover to 2019 levels by 2025
- Crude slate to lighten, remain regionally focused through 2027
- Argentina shifts to net exporter of gasoline by 2023
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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