United Arab Emirates product markets long-term outlook H2 2019

The United Arab Emirates has large surplus all-supply balance positions across LPG and naphtha. Diesel moves deficit as supply increases aren't sufficient to meet 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.