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Latest Reports and Analysis

Latest Analysis / East of Suez Oil Service

East of Suez Oil Alert - China’s Mega Yulong Refinery Update: When will it run and what will it really produce?

Published: 22 April, 2024

Highlights:

The 400 kb/d Yulong refinery recently received 8.3 mmt of crude import quotas for 2024. Prior to the quota announcement, it was actively seeking crude barrels.
Our base case remains unchanged – we believe Yulong will start trial runs by the end of 2024 and reach stable output of on-spec ...

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Previous Issues

April 22, 2024

East of Suez Oil Alert - China’s Mega Yulong Refinery Update: When will it run and what will it really produce?

April 4, 2024

East of Suez Oil Alert - China’s oil demand at a crossroads with peak for gasoline and gasoil in sight

December 21, 2023

East of Suez Oil Alert - Asia’s 2024 oil demand—risks and opportunities

December 8, 2023

East of Suez Oil Alert - Will South Asia remain as a key driver of HSFO demand for power generation?

November 16, 2023

East of Suez Oil Alert - China sets ceiling on overall refining capacity, signaling the end of rapid expansion

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