Name: OPEC+ supply surge: What does it mean for refiners?
Brand: Wood Mackenzie
SKU: 126574
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Author: Wood Mackenzie

Insight 17 March 2020

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Recent actions by Russia and Saudi Arabia have resulted in significant disruptions to oil markets and rapid weakening of both crude and refined products prices. In this insight, we’ve utilized our Refinery Supply Model to quantify the impacts on the refining industry and crude flows shift in response to increasing supply from OPEC+ regions. Refining margins face pressure in this low-price environment, but some regions stand to benefit as Middle Eastern crude discounts to Brent widen and freight rates for crude and products rise sharply.</div>
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<p class="font-regular" >OPEC+ supply_surge impact to refiners.pdf</p>
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