| |
6 Pages

Asia's 'strategic' strides in crude oil storage

Asia's 'strategic' strides in crude oil storage

Report summary

Asia imports 70% of its crude oil needs, making the region vulnerable to supply disruptions that impact economic activities. Hence, governments have gotten serious in building strategic reserves: China and India have made rapid strides, while South-East Asia is actively planning. Oil stockpiling in Asia provides a source of crude oil purchasing on top of import requirements to meet the region's growing oil demand. Intermittently, stock building purchases will provide support to oil prices.

What's included?

This report includes 1 file(s)

  • Asia's 'strategic' strides in crude oil storage PDF - 321.82 KB 6 Pages, 0 Tables, 4 Figures


This Refining and Oil Products Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an alternative point of view to help inform your decision making.

With over 20 years of experience in the refining industry, Wood Mackenzie is a trusted global leader with a reputation for producing consistently reliable information.

Our senior analysts are based in the markets they analyse. They use detailed research data to forecast, benchmark and recognise trends that will help both new and existing participants identify opportunities and avoid risks.

  • Crude oil storage back in focus
    • Asia's existing crude storage capacity and stocks
    • New crude storage facilities in Asia
    • Impact on crude market dynamics
      • Chart 4: Oil demand growth and crude oil stockpiling ('000 b/d)

In this report there are 4 tables or charts, including:

  • Crude oil storage back in focus
    • Chart 1: Asia's crude oil storage capacity in 2014, million barrels
    • Chart 2: China's SPR Phase II capacity addition (2015-2017)
    • Chart 3: Crude inventory build up in Asia, million barrels
    • Asia's 'strategic' strides in crude oil storage: Image 4
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.