Kuwait Petroleum Co. reportedly restarted parts of hte Al Zour Oil refinery (615k BPD) as of August 19th

Context

Al Zour is one of the largest single refinery builds of the past decade and has had a stop-start commissioning history, with partial restarts and unplanned outages recurring since it first came online. A phased restart of this kind typically transmits through product markets rather than crude: Kuwaiti crude that had been redirected to export while the plant was down gets pulled back into domestic runs, while middle distillate and fuel oil output rises, so the tells are Kuwaiti crude export nominations and European and Asian diesel cracks rather than the flat crude price. The wording 'parts of' matters, since a partial restart of a train is operationally different from full utilisation, and this plant's own record argues for treating initial restart reports with caution until run rates are confirmed in loadings data. The usual sequence is an announcement, a lag of weeks before product cargoes actually appear, and occasional flaring or trip events in between. Worth watching are Kuwaiti product export offers and any shift in the country's crude export programme, which is where the volume actually shows up.

Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard
#ENERGY#WTI#COMMODITIES#ENERGY & POWER
Published: Updated: