Insight
Asia's 'strategic' strides in crude oil storage
This report is currently unavailable
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.
Table of contents
-
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)
Tables and charts
This report includes 4 images and tables including:
- 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
Other reports you may be interested in
Insight
End of the road for China’s teapots - Asia's swing producers
Will China teapot refineries perform well in short term? what is the impact?
$900
Commodity Market Report
Global products market weekly: Distillate markets ease despite ongoing global maintenance
Weekly review of global refining margins across NW Europe, the Med, US Gulf Coast, New York Harbour, Singapore and the Middle East Gulf.
$1,050
Deal Insight
Harbour Energy acquires Wintershall Dea in a reverse takeover
A transformative deal that continues the Harbour's remarkable growth story
$1,650