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Saudi's face-off for crude market share in Asia


Saudi's face-off for crude market share in Asia

Report summary

Saudi Arabia has so far been able to defend its market in Asia, a region which provides the highest netback for its crude. The stakes remain high this year and we expect Saudi Arabia to maintain discounted official selling prices (OSPs) for its crude. Refiners continue to benefit as a result of this competition. Refiners should increase their flexibility in sourcing a wider range of crude grades from the Middle East to take advantage of the evolving supply and pricing dynamics. 

What's included?

This report includes 1 file(s)

  • Saudi's face-off for crude market share in Asia PDF - 266.23 KB 5 Pages, 0 Tables, 5 Figures

Description

This Refining and Oil Products Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an alternative point of view to help inform your decision making.

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.

  • Saudi's crude market share in Asia
  • Saudi's crude pricing to Asian refiners
    • Crude premium/discount to Oman/Dubai average, US$/bbl
  • Asian crude runs
    • Incremental crude runs in Asia 2016 vs 2015, '000 b/d
  • Crude oil stockbuild in Asia
    • Asia crude stock build, Mbbls
  • Conclusions

In this report there are 5 tables or charts, including:

  • Saudi's crude market share in Asia
    • Asian crude imports 2015 vs 2014, '000 b/d
    • Asian crude imports Q1 2016 vs Q1 2015, '000 b/d
  • Saudi's crude pricing to Asian refiners
    • Saudi's face-off for crude market share in Asia: Image 3
  • Asian crude runs
    • Saudi's face-off for crude market share in Asia: Image 4
  • Crude oil stockbuild in Asia
    • Saudi's face-off for crude market share in Asia: Image 5
  • Conclusions
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