Damage to Gulf infrastructure, painful Asian crude slate reconfiguration and rising US swing supply will have multiple repercussions on a structurally tight oil product market in the medium and longer term
The US-Israel-Iran conflict has brought to the fore a deeper crisis of domestic fragility in the Persian oil producer
From the UAE’s fast-tracked pipeline to Fujairah to the ‘critical lifeline’ for Saudi Arabia at Yanbu, the Iran conflict is forcing an accelerated shift away from traditional maritime routes
Decades of investment in refining capacity, source diversification, and reserves have helped turn a potential crisis into a relative advantage for regional aviation hub
Closure of two refineries will reduce US’ capacity, while south of the border countries are building out capacity to meet demand
China has seen an unprecedented boost in refining capacity while India has ambitious plans as the region seeks to meet burgeoning demand
The EU’s manifold regulations complicate life for refiners, while Eastern Europe is still adjusting to the disruption to Russian oi flows
Countries are seeking to diversify their product portfolios by investing in downstream capacity
The continent produces more oil than it needs, but its refining shortfall is leaving it dependent on imports
Projects in North and South America are suffering from an abundantly supplied market
Hundreds of billions of dollars in investment have led to an oversupply in the region with wide-ranging effects
Western European countries are struggling while Kazakhstan and Uzbekistan are making significant investments
The region is grappling with the same oversupply problems as other parts of the world, but its cheap feedstock gives it the advantage
The continent is not as mature as other regions, but Egypt, Algeria and Nigeria, in particular, are spending big
Datacentres will guzzle power at a ferocious rate, but the impact on wider energy markets will be far more complex than previously thought
