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Institution: Gulf refinery may reduce processing volume, with output supplied only to the domestic market

Institution: Gulf refinery may reduce processing volume, with output supplied only to the domestic market

金十金十2026/03/12 15:28
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Golden Ten Data reported on March 12 that Pankaj Srivastava, Senior Vice President of Commodity Markets at Rystad Energy, stated that as crude oil supplies become increasingly difficult to export, refineries in the Gulf region may soon have to reduce their processing volumes and supply their output solely to the domestic market. He said: "Three key factors will determine the resilience of the Gulf region's refining system: the ability to bypass the strait through alternative export routes, the balance between domestic refined oil demand and refining capacity, and the proportion of refined oil exports in current refinery processing volumes. As the war continues, shutdowns and reductions in refinery output may persist throughout the region. If the Strait of Hormuz remains inaccessible for the next six weeks, approximately 2 million barrels per day of global oil supply will face a severe threat."
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