NEW YORK: Oil-product markets are likely to remain tight through mid-2027, even if current war-related disruptions ease, as an “unusually large upswing in refinery maintenance” constrains global supply, according to Morgan Stanley.
Planned outages at the world’s refineries through the second quarter of next year are set to rise by 3.4 million barrels a day, analysts including Martijn Rats and Charlotte Firkins said in a note published.
