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MNI Commodity Weekly: Major Global Refining Additions Highlight Ramp-Up Difficulties

OIL
  • Major Global Refining Additions Highlight Ramp-Up Difficulties: Dangote, Dos Bocas and Yulong face a range of uncertainties as they try to ramp up or commence production with implications for both global oil and oil products markets.
  • Oil Markets: Crude has rebounded from losses earlier this week with support from increasing tensions in the Middle East and a drawdown in US crude inventories to offset concern for a future supply surplus. Diesel crack spreads have drifted lower again but gasoline crack spreads have found some support from signs of higher demand. (Pg.3)
  • Analyst Views: See latest analyst views from biggest names in industry. (Pg.7)
Full piece here:

MNI Commodity Weekly - Major Global Refining Additions Highlight Ramp-Up Difficulties.pdf

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