Commodity Market Report
Saudi Arabia product markets long-term outlook H2 2020
Report summary
Saudi Arabia is a large exporter of LPG and naphtha primarily driven by large contributions from non-refinery supply sources. Middle distillates are also surplus as a number of large-scale, export-orientated, refineries have completed in the past few years. Jazan refinery is currently undergoing test runs and will ramp up throguh Q2 2020. Gasoline remains balanced in the medium term as strong domestic demand matches additional supply.
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