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Prolonged containment measures pressure China’s oil demand
The drastic steps taken to contain the COVID-19 outbreak are showing positive signs. However, the Chinese government now faces a crucial balancing ...
Refining and chemicals integration – a necessity or a choice?
Refiners need to explore ways to mitigate the slowing growth in demand from transport and look at aligning their production in generating feedstock...
Regional product markets short-term outlook April 2021
This update incorporates all of the regional crude runs and product-by-product supply-demand balances through to end-2022 on a regional level. Exte...
Russian VGO - what happens when the flow to Europe stops?
February 2023 will see European refiners lose their primary source of VGO imports as the EU's sixth sanctions package against Russia comes into for...
Saudi Arabia’s crude burn to weaken in summer 2024
Saudi Arabia typically burns over 0.5 million b/d of crude oil for power generation. Oil burn is highly seasonal in Saudi Arabia, peaking in the su...
Saudi July 2020 Official Selling Prices (OSPs) - Asian refiners won't be happy
Saudi Arabia is returning to the strategy developed during previous production cuts; raising OSPs alongside with production cuts to maximise its to...
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