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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OIL
Kuwait’s oil exports are shifting from crude oil to refined petroleum products following the addition of new refining capacity, according to EIA Country Analysis data.
- The country exported a record of more than 1mb/d of petroleum products and liquified petroleum gas in June and July 2023. Crude oil exports averaged about 1.6mb/d in June and July, down from an average of 1.8mb/d in the same period of 2022.
- Kuwait has increased refining capacity to process 600kb/d of crude oil in Jan 2021 up to the current 1.4mb/d capacity. The increase in capacity comes from the new 615kb/d Al Zour refinery and an expansion project at existing refineries over the past two years.
- Al Zour can produce around 220,000 b/d of low-sulfur fuel oil at full capacity.
- In July, Asia received 46% of Kuwait’s petroleum product exports with Europe up to 29% from just 11% in Jul 2021.
Source: EIA
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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