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Asia's 'strategic' strides in crude oil storage

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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

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Tables and charts

This report includes 4 images and tables including:

Images

  • 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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