With Saudi Arabia having added two 400,000 b/d refineries since 2014 – both now running at full capacity – and crude output remaining at near-record highs of over 10.2mn b/d, records for the country’s products output and exports continue to tumble.

Crude throughputs at the country’s refineries hit a record 2.571mn b/d in the first quarter, with 2.574mn b/d for March just down on February’s 2.670mn b/d all-time monthly high (see p16 for full data). (CONTINUED - 1133 WORDS)