Name: Saudi's face-off for crude market share in Asia
Brand: Wood Mackenzie
SKU: 46978
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Author: Wood Mackenzie

Insight 23 June 2016

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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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. </div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        Saudi's crude market share in Asia
    </li>

<li class="list__item-toggle">
        <a href="#cc1c58fd-a500-43fe-bafa-a667f617d0f6" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="cc1c58fd-a500-43fe-bafa-a667f617d0f6" aria-expanded="false">
            Saudi's crude pricing to Asian refiners
        </a>
        <ul id="cc1c58fd-a500-43fe-bafa-a667f617d0f6" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Crude premium/discount to Oman/Dubai average, US$/bbl
    </li>

</ul>
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<li class="list__item-toggle">
        <a href="#367c1389-b31f-498d-ab68-0026e1b244d6" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="367c1389-b31f-498d-ab68-0026e1b244d6" aria-expanded="false">
            Asian crude runs
        </a>
        <ul id="367c1389-b31f-498d-ab68-0026e1b244d6" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Incremental crude runs in Asia 2016 vs 2015, '000 b/d
    </li>

</ul>
    </li>

<li class="list__item-toggle">
        <a href="#b79ae642-8fdd-4978-90d6-cd122f46e064" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="b79ae642-8fdd-4978-90d6-cd122f46e064" aria-expanded="false">
            Crude oil stockbuild in Asia
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        <ul id="b79ae642-8fdd-4978-90d6-cd122f46e064" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Asia crude stock build, Mbbls
    </li>

</ul>
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<li class="list__item-toggle font-semibold">
        Conclusions
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<h3 class="alpha push-half--bottom">Tables and charts</h3>

<p class="push-half--bottom">This report includes the following images and tables:</p>

<ul class="list list--bullets">
        <li class="list__item push-quarter--bottom">Asian crude imports 2015 vs 2014, '000 b/d</li><li class="list__item push-quarter--bottom">Asian crude imports Q1 2016 vs Q1 2015, '000 b/d</li><li class="list__item push-quarter--bottom">Saudi's face-off for crude market share in Asia: Image 3</li><li class="list__item push-quarter--bottom">Saudi's face-off for crude market share in Asia: Image 4</li><li class="list__item push-quarter--bottom">Saudi's face-off for crude market share in Asia: Image 5</li>
    </ul>

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<h3 class="alpha push-half--bottom ">What's included</h3>
<p class="push-half--bottom ">This report contains:</p>
<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Saudi's face-off for crude market share in Asia</p>
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