Saudi, UAE Refinery Throughputs Down

Saudi Arabia and the UAE both reduced crude inputs to refineries in November, according to the latest JODI monthly data. Saudi Arabia sent 1.81mn b/d of crude to refineries in November, compared with a record 2.17mn b/d in August. UAE throughputs fell to only 269,000 b/d in November, down more than 150,000 b/d from October and little over half of August’s 532,000 b/d.

With both countries expanding their refining capacity...