Saudi Refining Ramp-Up Continues – Data Analysis

Ø  Saudi Arabia’s September refinery output of 2.22mn b/d was the second highest on record (after December 2013). Diesel output hit a record 795,000 b/d as the new 400,000 b/d Satorp refinery neared full capacity. The last four months are the four highest on record: Q3 average diesel output was up 180,000 b/d on a year earlier.

 

Ø  Demand has also risen strongly. September gasoline demand of 558,000...