In the first quarter of 2018, European net exports of finished gasoline and blending components averaged nearly 1.4 million b/d. As Europe’s exportable surplus shrinks, import requirements especially East of Suez narrow, and competition to place gasoline in the Atlantic Basin intensifies due to growing U.S. and Russian surpluses, European exports will fall by more than 100,000 b/d over the next year.
Wall Street Journal–December 13, 2017
Officials urge international offering for Aramco, rather than selling a stake to Beijing, which they fear would boost its standing in Middle East
Hydrocarbon Engineering–November 9, 2017
Russian refiners will increase production of transport fuels by 110 000 bpd next year, according to ESAI Energy’s recently published ‘CIS Watch One-Year Outlook.’