Commodity Market Report
United Arab Emirates product markets long-term outlook H1 2020
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Report summary
The United Arab Emirates has large surplus all-supply balance positions across LPG and naphtha. Diesel moves surplus as demand increases, particularly from the bunker sector, are outpaced by new supply. Gasoline remains balanced as a number of gasoline-orientated projects increase supply whilst demand growth remains robust. Fuel oil remains deficit as strong demand continues and a number of refinery projects reduce supply.
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