Market insight papers
Refined Products in 2026: Capacity Growth, Market Shifts and the Year Ahead
Insights into how refining capacity growth, evolving consumption patterns and geopolitical dynamics are expected to affect global oil markets in 2026.
A year of new refining capacity, shifting trade flows and uneven product demand is set to reshape global markets in 2026. This insight paper highlights the key forces that will influence product cracks, margins and supply balances over the year — and what they mean for refiners, traders and marketers navigating a changing landscape.
Read the paper to explore:
- Where new refining capacity is coming online — and how it could rebalance global supply.
- Gasoline’s evolving demand outlook and what rising self‑sufficiency in key regions means for exporters.
- Diesel’s shifting fundamentals and the geopolitical risks that still have the power to disrupt trade flows.
- The ongoing recovery in jet fuel demand and its implications for middle distillates.
- Structural and geopolitical pressures in naphtha markets, from feedstock switching to shifting tariff regimes.
- Uncertainty at the bottom of the barrel, with diverging prospects for VLSFO and HSFO.
Download the insight paper
About Argus Media
As a leading authority on energy and commodity markets across the globe, Argus is uniquely positioned to provide in-depth analysis and expert thought leadership. Our white papers are carefully written by Argus specialists from across our company. Each white paper focuses on a topical theme, exploring areas such supply and demand dynamics, price trends, trading activity and changing regulations. We always aim to provide a balanced view, underpinned by data and insight gathered first hand from the market.