OPEC+ falls apart - impact on refining
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
- Crude differentials to widen as Saudi Aramco slashes OSPs
- Additional medium/sour crude processing to collapse HSFO values
- Low prices to limit demand boost
- Refining outlook remains weak
Tables and charts
This report includes the following images and tables:
- Singapore FCC margin differential WTI-Arab Light
What's included
This report contains:
Other reports you may be interested in
Global oil supply short-term update - October 2025
OPEC+ begin to unwind next tranche of cuts. We assume only a partial return of volumes due to a weakening outlook for prices.
$1,350Key takeaways from the AFPM International Petrochemical Conference 2025
AFPM IPC 2025: Key takeaways across the chemicals value chain
$900Mina Al-Ahmadi GasPort - LNG regas terminal
Mina Al-Ahmadi GasPort - LNG regas terminal report 2025
$1,450