Expected To Expand
Constrained refining capacity has been frequently identified as one of the key reasons for the rise in crude oil prices over the last two years. But refining capacity will begin to expand later this year and continue well past 2009.

An Amicable Endgame In Iran
The markets have been buzzing for months about an imminent attack by the U.S. or Israel on Iran's nuclear facilities. Don't bet on it -- or on oil prices heading higher as a result of hostilities.

Robust Refineries
Current refinery projects in the GCC are worth more than $146bn - indicating the region's appetite for the industry remains robust despite capital cost run-up and massive delays.