22 May 2026
A similar revenue dynamic is likely for the UAE, although Saudi Arabia has the added advantage of being able to export more than 1mn b/d of high-value refined products from its Red Sea coast, while Adnoc is limited to exporting crude oil. ... This would still not be sufficient to handle 100% of potential crude exports after upstream capacity reaches 5mn b/d, even if throughputs at its 817,000 b/d Ruwais refining complex were being maxed out, but it would be a huge strategic gain. ...
22 May 2026
Morocco is heavily exposed to the impact of the conflict as it has no domestic refining capacity and it relies on imports for most of its coal, oil, and gas needs (MEES, 7 March 2025). ...
22 May 2026
Under normal circumstances, Saudi exports of refined products are split relatively evenly between its Gulf coast and Red Sea coast. The conflict has forced a major reconfiguration, with Gulf coast facilities such as Ras Tanura being used solely to supply the domestic market, enabling the maximization of exports from the Red Sea’s 1.9mn b/d refining fleet. ...
15 May 2026
It has also been maximizing exports from its 1.9mn b/d capacity Red Sea refineries in order to capitalize on high refining margins, while using its eastern refineries to meet domestic demand (MEES, 3 April). ... CFO Ziad al-Murshed said that while products margins remain elevated, Aramco will continue to prioritize refined products exports, “and whatever is left over will go into crude [exports].” ...
15 May 2026
Iraq’s electricity sector is in dire straits. The country faces a perilous summer due to the financial and geopolitical upheaval unleashed by the Middle East conflict. ...
15 May 2026
India’s import bill for refined petroleum products from the Gulf states slumped by 26% year-on-year in Q1 as the impact of the Hormuz closure was swiftly felt. The Gulf states typically supply more than 60% of India’s refined products imports – including LPG – and the short sailing times on the route meant that the impact of the conflict was already being felt by March. ...
15 May 2026
Oil minister Khalifa Abdulsadiq last year announced plans to more than double refining throughput to more than 400,000 b/d to enable import substitution and product exports (MEES, 25 July 2025). ... Refining and export operations resumed two days later after the situation had stabilized and the emergency was lifted, the firm said. ...
8 May 2026
Some volumes are also being refined domestically to meet local market needs. ... Oil from the onshore fields is processed, blended, and later transferred to either Ruwais for refining, or to Jebel Dhanna or Fujairah for export as the light-sweet Murban crude grade (40°API, 0.7% Sulfur). ...
8 May 2026
Draws were evident in crude oil and refined products across all regions. ... Another 1.0-1.2mn b/d of refined products is also exported from the Saudi Red Sea coast, providing valuable supplies of diesel and gasoline in particular (MEES, 3 April). 1: Saudi Crude Exports From Yanbu Have Surged Since The Start Of The Conflict (mn b/d) For Saudi Arabia, the option to export crude oil from Yanbu was primarily a contingency option in case of disruption to exports through the Strait of Hormuz. ...
8 May 2026
Fujairah Oil Storage Facilities And Refineries Another source said that JSW’s power substation was hit, resulting in a blackout at the 465mn m³ refined products terminal. ...
8 May 2026
The Ta’ziz chemicals park is located at Adnoc’s Ruwais downstream hub, close to the company’s refining complex, the Borouge petrochemicals facilities and Fertiglobe’s fertilizer plants. ...
8 May 2026
Under this barter system, NOC purchased refined fuel products from an intermediary by handing over crude oil instead of cash. This third party then sold the crude and used the proceeds to purchase refined products for delivery to NOC. ...
1 May 2026
On 28 April, the US Treasury alerted financial institutions of the risk of secondary sanctions when dealing with Chinese independent refiners known as teapots that have been sanctioned for buying Iranian crude oil. ... This might push the Chinese refiner to rely more on sanctioned crudes from Iran and Russia, which Chinese independents typically settle in Yuan and other non-dollar currencies. ...
1 May 2026
The Brent–Dubai differential—a key signal in global refining economics—could narrow as additional medium sour crude enters the market. ... Downstream, Asian refiners—whose long-term contracts are heavily linked to Dubai—may begin to push for greater flexibility, whether through adjusted differentials, hybrid pricing formulas, or limited diversification of benchmarks. ...
1 May 2026
BP’s recent push into upstream exploration is part of a strategy overhaul to refocus operations on hydrocarbon E&P and refining, rather than its energy transition business (MEES, 28 February 2025). ...
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