Commodity Market Report

Australia product markets long-term outlook H1 2019

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24 July 2019

Australia product markets long-term outlook H1 2019

Report summary

In 2018, Australia had a total products deficit of 585,000 b/d. We expect deficits of total products to grow through our forecast to 2040 with demand growth combined with the no change to supply. Middle distillate production has been weakened by the closures of Kurnell and Bulwer lsland refineries in 2014 and 2015 respectively, with their deficits widening significantly from 2015 on-wards. With growing deficits in middle distillates, Australia will tap into existing supply sources in Asia Pacific for more import volumes and take advantage of China's growing 10 ppm export availability.

Table of contents

Tables and charts

This report includes 3 images and tables including:

  • Refinery Supply - Intake Summary
  • Non Refinery Supply by Product
  • Product balances – all supply versus demand

What's included

This report contains:

  • Document

    Australia product markets long-term outlook H1 2019

    PDF 793.27 KB

  • Document

    Australia.xlsx

    XLSX 2.25 MB

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