Commodity Market Report
Philippines product markets long-term outlook H1 2020
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Report summary
Philippines had a total deficit of about 334,000 b/d for its oil products in 2019. The country had large deficits in diesel/gasoil, gasoline, LPG and jet/kerosene. Naphtha and fuel oil were in slight deficit. Oil product demand grew over the past decade to reach around 494,000 b/d in 2019. It is forecast to continue to grow based on an average growth of 2.8% between 2019 and 2040. Demand will reach 883,000 b/d in 2040. There are two refineries in the Philippines at the end of 2019, with a total refining capacity of 290kb/d (14.5 Mtpa). There is no firm refinery investment in our view before 2027.
Table of contents
- LPG
- Naphtha
- Gasoline
- Jet/other kerosene
- Diesel/gasoil
-
Fuel Oil
- Biofuels
- Refinery infrastructure
- Refinery investments
- Refinery supply
-
Non refinery supply
- NGLs
- Biofuels
Tables and charts
This report includes 7 images and tables including:
- Refinery throughputs and utilisation
- Refinery yields
- Refineries by type
- Non-refinery supply by product
- Non-refinery supply by source
- Net Trade by Products
- Product balances - all supply versus demand
What's included
This report contains:
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