OPEC

Saudi Refining Runs And Product Exports Hit Record Levels

>  Saudi refineries’ CDU capacity has in theory been 2.9mn b/d since September 2014 when the 400,000 b/d Yasref plant in Yanbu’ on the Red Sea coast started up. The similar-sized Satorp plant in Jubail began operations a year earlier. But in practice ramp-up has been slow at both Satorp and now Yasref. There have been unconfirmed reports of problems with Yasref upgrading units and of tendered cargoes of...