Free Trial

MNI Commodity Analysis: New Global Refining Capacity Set to Change Oil and Product Flows

Executive Summary:

  • A swathe of new global refining capacity is set to start in 2024, some of which are well underway while timelines for others remain unclear.
  • The new capacity has the potential to upend global flows such as fuel independence for Nigeria through Dangote or a move away from US Gulf flows for Mexico with the Dos Bocas refinery. However, bringing this capacity online is fraught with setbacks and difficulties, already apparent in ever moving target deadlines.
  • See pdf below for latest on Dangote, Duqm, Al Zour, Dos Bocas, Jazan, China as well as general overviews.
Full piece here:

MNI Commodity Analysis - New Global Refining Capacity Set to Change Oil and Product Flows.pdf

To read the full story

Close

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.