Free Trial

Saudi Aramco Offers More VGO In May On Extended Jizan Ramp Up

OIL PRODUCTS

Saudi Aramco offered more vacuum gasoil (VGO) supplies to be exported from its Jizan refinery in May, suggesting the refinery is yet to ramp up to full output, according to traders and shipping data.

  • The Jizan refinery, Aramco’s newest facility, had been expected to ramp up output for 10-ppm gasoil and cut VGO exports this quarter when it hits full capacity.
  • Aramco recently offered three cargoes of 525,000 barrels of VGO each for loading out of Jizan in May, shipping records showed, up from two cargoes in April.

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.