Commodity market report
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Asia product markets short-term outlook February 2016

Asia product markets short-term outlook February 2016

Report summary

This monthly update incorporates price forecasts and differentials, crude runs, refining margins and product-by-product supply-demand balances now through to end-2017.  Within the downloads section you will find the excel balances for Asia Twelve and the individual twelve countries: Australia, China, India, Indonesia, Japan, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan and Thailand.  Singapore prices and margins and the Asia report are also downloadable.

What's included?

This report includes 15 file(s)

  • Balances Australia Feb16.xls XLS - 1.61 MB
  • Balances China Feb16.xls XLS - 1.70 MB
  • Balances India Feb16.xls XLS - 1.59 MB
  • Balances Indonesia Feb16.xls XLS - 1.55 MB
  • Balances Japan Feb16.xls XLS - 1.63 MB
  • Balances Korea Feb16.xls XLS - 1.75 MB
  • Balances Malaysia Feb16.xls XLS - 1.59 MB
  • Balances New Zealand Feb16.xls XLS - 1.59 MB
  • Balances Philippines Feb16.xls XLS - 1.61 MB
  • Balances Singapore Feb16.xls XLS - 1.60 MB
  • Balances Taiwan Feb16.xls XLS - 1.63 MB
  • Balances Thailand Feb16.xls XLS - 1.61 MB
  • Balances Total Asia Feb16.xls XLS - 1.73 MB
  • Pricing Spore Feb16.xls XLS - 1.41 MB
  • Report Asia February 2016.pdf PDF - 1.01 MB


The short-term outlook for the refining sector is influenced by many factors: crude oil price, demand developments, new projects, refinery maintenance and refinery closures to name a few. The relationship between regions trading in crude and refined products requires a global perspective to understand how each region will be affected.

This short term outlook report provides a regional update of historical pricing and margin performance. This report also predicts supply and demand trends, and forecasts prices for crude oil and refined products for the next 12 to 24 months.

The short term outlook report is based on in-depth research about product supply and demand and helps refiners, traders and buyers determine product trading strategies and how to best optimise assets.

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.

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Questions about this report?

Frequently Asked Questions
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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.