Middle East downstream news

The IEA offers commentary on how recent conflict in the Middle East has impacted global oil markets, with particular focus on the disruption in the Strait of Hormuz and LNG supply.

Wood Mackenzie warns Middle East conflict threatens 200 million tpy of Asian LNG demand growth over next decade as Qatar declares force majeure on shipments.

Neil Crosby, AVP Oil Analytics at Sparta, Michael Ryan, Freight Commodity Owner at Sparta, and Philip Jones-Lux, Senior Analyst for Sparta, comment on freight, refining margins, and Hormuz disruption.

Neil Crosby, AVP Oil Analytics at Sparta, provides commentary on the potential impact of continued disruption in the Strait of Hormuz.

ICIS has provided analysis and context on the evolving situation in the Middle East and its impact on energy markets.

Jaison Davis, Economic Research Analyst at GlobalData, provides commentary on GCC exports, with global energy markets in flux.

Aramco and Microsoft have signed a non-binding MoU to help Aramco explore digital initiatives designed to accelerate industrial AI adoption, enhance digital capabilities, and strengthen workforce development in Saudi Arabia.

KBR and Petro Rabigh have announced a strategic 10 year general maintenance services contract covering Petro Rabigh Polymer I and Polymer II plants at Rabigh in the Kingdom of Saudi Arabia.

JERA Co., Inc. has announced the signing of a long-term LNG sale and purchase agreement with QatarEnergy to secure the supply of 3 million tpy for 27 years.

Covestro, Fertiglobe, and TA’ZIZ have signed a memorandum of understanding (MoU) to explore collaboration across petrochemicals sector and the ammonia and nitric acid value chains.