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Downstream oil refining reports
Tight margins and overcapacity limit the growth of China's teapot refiners
With the increase in teapot refiners utilisation rate and slower oil demand growth in China, the need for new refining capacity to meet domestic de...
United Arab Emirates product markets long-term outlook H1 2019
The United Arab Emirates has large surplus all-supply balance positions across LPG and naphtha. Diesel moves deficit as supply increases aren't suf...
Vitol acquires stake in Sarroch Saras; which EU refinery transactions could be next?
On 11th February 2024, Saras shareholders entered into a sale and purchase agreement with Vitol B.V. for approximately 35% share of Saras. Saras ow...
Mediterranean Emission Control Area - implications for marine fuels and refining
The Mediterranean Sea is an important shipping market accounting for around 7% of global maritime activity, and 0.5 million b/d of marine bunker fu...
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 Aramco’s RAPID entry into Southeast Asia
Saudi Aramco's joint venture with PETRONAS in the RAPID project is a win-win for both partners. Saudi Aramco gets a secure outlet and a stake in a ...
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