Commodity market report
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Middle East product markets short-term outlook August 2017

Middle East product markets short-term outlook August 2017

Report summary

This monthly update incorporates price forecasts and differentials, crude runs, refining margins and product-by-product supply-demand balances through to end-2018. Within the downloads section you will find excel deliverables for Saudi Arabia, Iran, Kuwait, Other Middle East and Total Middle East. The prices and margins file is also available alongside the regional Middle East dashboard.

What's included?

This report includes 7 file(s)

  • Balances Total Middle East Aug17.xls XLS - 2.26 MB
  • Balances Saudi Arabia Aug17.xls XLS - 1.70 MB
  • Balances Iran Aug17.xls XLS - 1.68 MB
  • Balances Kuwait Aug17.xls XLS - 1.73 MB
  • Balances Other Middle East Aug17.xls XLS - 1.97 MB
  • Middle East Dashboard August 2017.pdf PDF - 144.63 KB
  • Pricing MEG Aug2017.xls XLS - 1.50 MB


The short-term outlook for the refining sector is influenced by many factors: crude oil price, demand developments, new projects, refinery maintenance and refinery closures to name a few. The relationship between regions trading in crude and refined products requires a global perspective to understand how each region will be affected.

This short term outlook report provides a regional update of historical pricing and margin performance. This report also predicts supply and demand trends, and forecasts prices for crude oil and refined products for the next 12 to 24 months.

The short term outlook report is based on in-depth research about product supply and demand and helps refiners, traders and buyers determine product trading strategies and how to best optimise assets.

With over 20 years of experience in the refining industry, Wood Mackenzie is a trusted global leader with a reputation for producing consistently reliable information. Our senior analysts are based in the markets they analyse. They use detailed research data to forecast, benchmark and recognise trends that will help both new and existing participants identify opportunities and avoid risks.

  • Executive summary
    • Key Highlights

In this report there is 1 table or chart, including:

  • Executive summary
    • Total Middle East Product Balance
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