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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.

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

Description

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
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