Gulf Refiners Ramp Up Capacity
Gulf refiners have been raising throughputs with the addition of new capacity and the completion of turnarounds. Middle East throughputs surged by 465,000 b/d in June, according to the IEA’s latest monthly Oil Market Report, as operators in Saudi Arabia and Kuwait completed extensive maintenance. Meanwhile, Iran has prioritized completion of a refinery that had effectively been put on hold, while plans...
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