Investor Presentation
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0
Jan-16
20
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ㅇㅇ: 응
40
36.5
Brent Crude Oil Prices ($/bbl)
Feb-16
Mar-16
Apr-16
Source
Platts
As of February 15th.
Investor Presentation
www.tupras.com.tr
REFINING INDUSTRY
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Feb-19
65.8
PROS
• OPEC+ supply cut through 2018 – 1H 2019
.
-
• Political instabilities in Middle East, Africa
and Latin America
.
Healthy PMI data in developing countries
• Potential impact of sanctions
CONS
• Increase in number of rigs & shale
production in US
Inventory Levels
• Impact of trade tariff negotiations
.
• Weak PMI in Europe and China
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