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About Commodity Insights
14 Mar 2024 | 13:30 UTC
By Robert Perkins and Claudia Carpenter
The Middle East is considered ripe to supply Europe with needed refined products such as diesel to replace Russian products placed under embargo by the EU on Feb. 5 in the wake of Russia’s invasion of Ukraine. The region has several new refineries able to help meet the demand, including Kuwait’s 615,000 b/d Al-Zour refinery and Oman’s 230,000 b/d Duqm plant.
Related story: Middle East diesel exports to Europe rise to 10-month high as Russia mostly stays away
(Latest update: May 13, 2024)