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Basrah heavy price in Asia - 'Heavily' discounted to gain market share

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17 November 2015

Basrah heavy price in Asia - 'Heavily' discounted to gain market share

Report summary

We are forecasting refining margins in Asia to trend downwards in the next few years, driven by an oversupply in the refining system and slower oil demand growth. Heavy crude oil processing will be one of the key drivers for refiners to maintain their competitiveness. Refiners with the capability to process Basrah heavy will gain significantly from its discounted pricing.

Table of contents

  • Executive summary
  • Basrah heavy: quality and refining value
  • Basrah heavy buyers in Asia
  • Basrah heavy pricing
  • Conclusions

Tables and charts

This report includes 5 images and tables including:

  • API and sulphur comparison
  • Product yields from crude unit (wt%)
  • Basrah heavy refining value versus Oman/Dubai, $/bbl (Singapore basis)
  • Gross refining margin, $/bbl (Deep conversion, Singapore basis)
  • Crude oil price versus Oman/Dubai ($/bbl)

What's included

This report contains:

  • Document

    Basrah heavy price in Asia - 'Heavily' discounted to gain market

    PDF 302.48 KB