Othman Al-Ghamdi, President and CEO at Rabigh Refining Petrochemical Co. (Petro Rabigh), expects market volatility to continue into the second quarter of 2026, driven by geopolitical factors. He noted that some products, such as refined petroleum products, may remain supported, while others could face pressure depending on supply and demand dynamics.
In an interview with Argaam, Al-Ghamdi said geopolitical developments in Q1 2026 heightened volatility in energy prices, freight rates, and supply chains. However, the company demonstrated strong operational resilience in navigating these challenges. 
He added that the Rabigh complex’s location on the Red Sea provides a logistical advantage, improving access to global markets and easing supply chain pressures. This, along with operational readiness and effective risk management, has helped maintain stable operations and capture available opportunities.
Thecompany relies on a diversified feedstock mix, including crude oil and ethane, sourced efficiently through Saudi Arabia’s integrated supply system.
Despite global challenges and higher shipping costs, Petro Rabighhas not experienced any major supply disruptions. Infrastructure such as the East-West pipeline and ports has supported continuity of operations at high utilization levels.
Othman Al-Ghamdi, President and CEO at Rabigh Refining Petrochemical Co. (Petro Rabigh), expects market volatility to continue into the second quarter of 2026, driven by geopolitical factors. He noted that some products, such as refined petroleum products, may remain supported, while others could face pressure depending on supply and demand dynamics.
In an interview with Argaam, Al-Ghamdi said geopolitical developments in Q1 2026 heightened volatility in energy prices, freight rates, and supply chains. However, the company demonstrated strong operational resilience in navigating these challenges.
He added that the Rabigh complex’s location on the Red Sea provides a logistical advantage, improving access to global markets and easing supply chain pressures. This, along with operational readiness and effective risk management, has helped maintain stable operations and capture available opportunities.
Thecompany relies on a diversified feedstock mix, including crude oil and ethane, sourced efficiently through Saudi Arabia’s integrated supply system.
Despite global challenges and higher shipping costs, Petro Rabighhas not experienced any major supply disruptions. Infrastructure such as the East-West pipeline and ports has supported continuity of operations at high utilization levels.
