United Arab Emirates product markets long-term outlook H2 2018

The United Arab Emirates has large surplus all-supply balance positions across LPG and naphtha. Diesel remains balanced as supply increases match increases in demand, particularly from the bunker sector. Even with strong demand growth, gasoline moves to a small surplus as a number of gasoline-orientated projects increase supply. Fuel oil remains deficit as strong demand continues and a number of refinery projects reduce supply.