Related Articles
Forward article link
Share PDF with colleagues

Expect record global refinery throughput in Q3

Runs may surge but they won’t match demand growth

Global refinery throughput will reach a record level in Q3-but the volume still won't be enough to satisfy a rising market. Stocks will fall slowly to compensate, which should in turn tighten matters. Refinery throughput will reach 80.6m barrels a day, forecasts the International Energy Agency (IEA), peaking at 81.1m b/d in July. Throughput in rich nations will rise by 1.1m b/d from Q2 levels, reaching 38.3m b/d. Non-OECD throughput will also rise by the same amount, the IEA said, accounting for the remaining 42.3m b/d. But the overall numbers hide a detail that should provide some bullish impetus. The 2.2m b/d rise from Q2's global throughput is just 0.6m b/d higher than a year earlier-a

Also in this section
Cyprus dreams again
24 May 2017
Developers working offshore the island think they may be about to unlock vast new reserves. Taking them to a depressed market will be much harder
Natural gas still not getting through in Europe
17 May 2017
Coal still beats natural gas in many European markets, notably Germany. This makes no sense, says Wintershall chief executive Mario Mehren
Gazprom's next gas battle
15 May 2017
The Russian giant is ready to defend its market share in Europe and face off the threat of American LNG