Insight

Global Heavy Crude Oil Supply/Demand Balance – Cuts like a knife

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The outlook for the heavy oil market is very uncertain. Demand growth in Asia could be so large the global demand for heavy crude oil could outpace supply. One implication could be producer netbacks received from different refining regions begin to change. This insight examines the dynamics of the global heavy crude oil supply/ demand balance and implications for Western Hemisphere heavy crude oils.

Table of contents

  • Executive Summary
  • Refinery Complexity and Capacity
  • Global Supply/Demand Balance
  • Heavy crude oil supply and demand balances by region (mmbd)
  • MARPOL Regulations
  • Growth in heavy crude oil supply and demand relative to 2013
  • Differing Netbacks
  • Western Hemisphere heavy crude oil netbacks in selected coking configuration markets ($/bbl)
  • Western Hemisphere heavy crude oil netbacks with a FCC price-setting mechanism ($/bbl)
  • Conclusion

Tables and charts

This report includes 4 images and tables including:

  • Global Heavy Crude Oil Supply/Demand Balance – Cuts like a knife: Image 1
  • Global Heavy Crude Oil Supply/Demand Balance – Cuts like a knife: Image 2
  • Global Heavy Crude Oil Supply/Demand Balance – Cuts like a knife: Image 3
  • Global Heavy Crude Oil Supply/Demand Balance – Cuts like a knife: Image 4

What's included

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    Global Heavy Crude Oil Supply/Demand Balance – Cuts like a knife

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