Insight
Downstream of Hormuz: who's exposed, who benefits, and where's the relief?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Strait of Hormuz blockade is splitting global downstream into clear winners and losers. U.S. refiners are capturing widening margins while Asian and Gulf operators face unprecedented feedstock disruption — and the IEA's record reserve release, while calming sentiment, is months away from delivering physical relief.
Table of contents
- The facts
- Our take
Tables and charts
This report includes the following images and tables:
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US Focused Downstream Players: Insulated and BenefitingAsian Focused Downstream Players: Bearing the Brunt of Feedstock DisruptionEuropean Focused Downstream Players: Mixed Exposure, Muted Reaction
What's included
This report contains:
