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Middle East oil product demand to rise in Q2, but jet fuel to remain lackluster: Platts Analytics


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Total oil product demand will jump by 12% in Q2 from Q1 due to summer drive, increasing liquid burn in power sector as well as recovering industrial activities, said Zhuwei Wang, Middle East analyst with S&P Global Platts Analytics.
Gasoil will have the highest demand in Q2 due to increasing road transport on recovering industrial activities and increasing liquid burn in power sector.
Saudi Arabia, the biggest Arab economy, is expected to have the highest oil product demand during the second quarter.
In addition to product use, crude burn in Saudi Arabia typically rises during the summer despite efforts to lower dependence on oil for power generation. ....

Saudi Arabia , United Arab Emirates , United Kingdom , Zhuwei Wang , Dubai International , Organizations Data Initiative , International Air Transport Association , Middle East , Joint Organizations Data , International Air Transport , Islamic Eid , சவுதி அரேபியா , ஒன்றுபட்டது அரபு அமீரகங்கள் , ஒன்றுபட்டது கிஂக்டம் , துபாய் சர்வதேச , ஆர்கநைஸேஶந்ஸ் தகவல்கள் முயற்சி , சர்வதேச அேக போக்குவரத்து சங்கம் , நடுத்தர கிழக்கு , கூட்டு ஆர்கநைஸேஶந்ஸ் தகவல்கள் , சர்வதேச அேக போக்குவரத்து , இஸ்லாமிய எய்ட் ,

Fuel oil premium hits record high in Fujairah ahead of big A/C power demand season


Source: APICORP s MENA Energy Investment Outlook 2021-2025
Iran has been able to export crude and other products even as the US tightened sanctions targeting its oil sector sometimes in Iraqi waters, and marketed as Iraqi-origin, which led to Iraq s State Organization for the Marketing of Oil to issue at least three clarifications over the past six months on the specific floating storage vessels the company uses for its crude and fuel oil sales.
At an oil storage company in Fujairah, which typically sells an average of 30,000-40,000 mt of HSFO per month, sales have picked up to 40,000-50,000 mt/month in the past two months, a source said. ....

United Arab Emirates , United States , Saudi Arabia , Al Fujayrah , Saudi Aramco , Arab Petroleum Investments Corp , Organizations Data Initiative , Energy Investment Outlook , Gulf Cooperation Council , Middle East , Generation Capacity Growing , Investment Outlook , State Organization , Prince Abdulaziz , Middle Eastern , Joint Organizations Data , North Africa , Arab Petroleum Investments , ஒன்றுபட்டது அரபு அமீரகங்கள் , ஒன்றுபட்டது மாநிலங்களில் , சவுதி அரேபியா , சவுதி அரம்கோ , அரபு பெட்ரோலியம் முதலீடுகள் கார்ப் , ஆர்கநைஸேஶந்ஸ் தகவல்கள் முயற்சி , ஆற்றல் முதலீடு ஔட்‌லுக் , வளைகுடா ஒத்துழைப்பு சபை ,

FUJAIRAH DATA: Oil product stocks rise on week led by record jump in fuel oils


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Total stockpiles stood at 20.77 million barrels as of April 5, up 7.7% from a week earlier and the highest since March 1, according to Fujairah Oil Industry Zone data released April 7 exclusively to S&P Global Platts. Stocks of heavy distillates covering fuel oil for power generation and marine bunkers soared 36% over the same period to 11.211 million barrels, the highest since Jan. 18.
Fujairah-based bunker suppliers over the course of the week ended April 3 confirmed their ability to once again offer low sulfur marine fuel bunker for prompt delivery dates, after domestic supply was compromised earlier in March when Uniper Energy s 80,000 b/d refinery unexpectedly suffered an outage in the week of March 7, leading to both crude processing units shutting down. ....

Saudi Arabia , United Arab Emirates , Al Fujayrah , Alex Yap , Fujairah Oil Industry Zone , Organizations Data Initiative , Uniper Energy , Platts Analytics , Middle East , Prince Abdulaziz , Middle Eastern , Joint Organizations Data , சவுதி அரேபியா , ஒன்றுபட்டது அரபு அமீரகங்கள் , அலெக்ஸ் யாப் , புஜைரா எண்ணெய் தொழில் ஸோந் , ஆர்கநைஸேஶந்ஸ் தகவல்கள் முயற்சி , நடுத்தர கிழக்கு , ப்ரிந்ஸ் அப்துலஜிஸ் , கூட்டு ஆர்கநைஸேஶந்ஸ் தகவல்கள் ,