ISRAEL

Israel’s refinery output hit a record 291,000 b/d for the first half of 2014, up 16,000 b/d on a year earlier as the country’s second largest plant in Ashdod completed a significant upgrade. Exports, especially of diesel, are rising even faster.

Israel  has been rapidly shifting to domestically-produced gas as a power generation fuel since the key 1bn cfd Tamar offshore gas field came online in April last year. This means that the country’s rising refining...