Commodity Market Report
Taiwan product markets 2021 outlook to 2050
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Report summary
In 2020, Taiwan's oil product supply was in deficit of 79,000 b/d in contrast to a 47,000 b/d surplus in 2019. The deficit is expected to increase to 244,000 b/d in 2021 due to signficantly lower runs following Covid-19. Taiwan continues to show a large deficit in naphtha with surpluses in jet fuel/kerosene, diesel/gasoil, gasoline and fuel oil up to 2050. From 2019 onward, we also expect refinery supply to remain constant.
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