Middle East Oil Refineries Could Ramp Up Output in 40-60 Days From End of Crisis, Vitol Bahrain Says

(Reuters) – Middle East oil refineries could recover to more normal production levels in 40-60 days from the end of the current oil supply crisis linked to the effective closure of the Strait of Hormuz, Vitol Bahrain’s regional head of research Bader Nooruddin said on Wednesday.

That timeline would take production up to around 90-95% of refinery production, he said at the S&P Global Energy Middle East Petroleum and Gas Conference.

Middle East Gulf refineries, including Oman which sits to the south of Hormuz, have lost around 3 million barrels per day of oil refining capacity due to shut-ins, Nooruddin said.

Reporting by Robert Harvey in London, Editing by Bernadette Baum

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