Sina Finance: Goldman Sachs says refined product supply tightness to last until 2027
Briefing by News4U · First published
Sina Finance reports Goldman Sachs analysts say delayed refinery maintenance will keep global refined product supplies tight through 2027, limiting exports.
Sina Finance reports Goldman Sachs analysts Filippo Corsico and Daan Struyven wrote in an October 25 report that delayed refinery maintenance will keep global refined product supplies tight through 2027, limiting exports. [1]
Global planned maintenance is down 1.7 million barrels per day year-on-year, while India and South Korea, major exporters, have high maintenance scheduled for the second quarter of 2027, especially affecting diesel and jet fuel. [1]
Fuel inventories at key hubs remain low, with ARA jet fuel stocks down 56 percent year-on-year, and slow recovery of Persian Gulf product exports is also supporting prices. [1]
Sources
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