Macquarie Warns Global Refined Oil Shortage to Worsen
Macquarie analysts have issued a warning regarding the potential worsening of the global refined oil shortage, suggesting that constraints in crude access may lead to dwindling refining capacities. They predict that by March, there may be an alarming total of 3.367 million barrels per day of refining capacity taken offline.
This decline in capacity is expected to have significant implications for global oil markets, potentially driving up prices and exacerbating supply challenges. As demand for refined oil products remains strong, the intersection of limited refining capabilities and increasing consumption pressures could create a volatile environment for stakeholders across the industry.
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