Sierra Leone united states crude oil refinery outlook to 2024

Sierra Leone Countries & Regions IEA

  • Sierra Leone united states crude oil refinery outlook to 2024
  • Sierra Leone united states crude oil refinery outlook to 2024
  • Sierra Leone united states crude oil refinery outlook to 2024
  • Sierra Leone united states crude oil refinery outlook to 2024

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United States Crude Oil Refinery Outlook to 2024 GlobalData

  • Where will light sweet US crude oil move?
  • Light sweet US crude oil will increasingly move to Europe and Africa as well as to India and other Asian refiners. As the dominant centre of oil product demand growth, Asia will attract a greater share of product supply from the broader region, notably from the Middle East.
  • Will oil demand rise in 2023?
  • Total oil demand is nevertheless forecast to rise by 3.2 mb/d between 2023 and 2030, supported by increased use of jet fuel and feedstocks from the booming petrochemical sector.
  • Will global refining capacity increase in 2023?
  • Global refining capacity is forecast to rise by 3.3 mb/d from 2023 to 2030, well below historical trends. Even with the moderate expansion in capacity, the increase outpaces the call on refined products over the period.
  • How will non-refined fuel products affect demand growth in 2023-2030?
  • Non-refined fuel products are set to capture more than 75% of projected demand growth over the 2023-2030 period. This significant rise in non-refinery product supplies will add pressure on operating rates and refinery profitability, especially in mature demand centres.

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