2 edition of Role of Refined Product Imports in the Domestic Fuel Market found in the catalog.
Role of Refined Product Imports in the Domestic Fuel Market
Mark J. Frederiksen
by Energy Information Administration
Written in English
|Statement||Mark J. Frederiksen.|
|The Physical Object|
Transitions in the Chinese Market for Refined Petroleum Products and the lack of substitutes for oil as liquid fuel, the import dependence on oil in China exceeded 30% in and is. According to some assessments, by Australia could be left with no domestic refining capacity, less than 20 days’ worth of refined petroleum fuel reserves, and the reality that the Australian Defence Force will be entirely reliant on imports for its marine diesel oil, motor diesel, gasoline, jet and helicopter fuel .
Imports and exports of refined products and condensates for Iran will be affected as the OPEC member's economy comes under increasing pressure when the US sanctions snap back early November. Besides crude, Iran is dependent on exports of condensates and fuel oil, while it . Energy Fact Book — – v Preface The purpose of the Energy Fact Book is to provide key information on energy markets in Canada in a format that is easy to consult. This edition is based on data and information available as of June All data is subject to revisions by statistical sources.
During the past five years, imports of crude and refined products have increased rapidly, while exports of crude and refined products have declined every year. When its crude imports exceeded crude exports in , China became a net crude oil importer for the first time in almost three decades. Russia's role in crude oil markets is well established, but it is also a key exporter of refined products. What could changes to Russian export taxes mean to the global products market.
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Get this from a library. The role of refined products imports in the domestic fuel market. [Mark J Frederiksen; United States. Energy Information Administration. Office of Energy Industry Analysis.].
The United States produces a large share of the petroleum 1 it consumes, but it uses imports to help supply domestic and international markets. Inthe United States produced 2 about million barrels per day (MMb/d) of petroleum, and it consumed 3 about MMb/d.
Imports from other countries help to supply domestic demand for petroleum. Call for Evidence on the role of UK refining and fuel import sectors in the supply of refined oil products into the UK market 4 demand, with significant volumes of diesel road fuel (almost 10 million tonnes) and jet fuel (around 7 million tonnes) imported in As a consequence the UK was a net exporter of only 1 million tonnes in imports and domestic – account for 88% of its refinery input.
Refined product output from regional refineries is also supplemented with supplies from outside the region, primarily shipments from the Gulf Coast. 3 The five regions referred to as “Petroleum Administration for Defense Districts,” or PADDs, were delineated during World War Size: KB. China's crude oil imports in March rose % from a year earlier, according to official customs data, as refiners stocked up on cheaper cargoes.
petroleum product prices in the domestic market which reduced the incentive for NOCs or state-owned refineries to invest in new refining capacity. Since the early s, however, a sharp increase in domestic demand, together with an improvement in refining margins, have shifted the attention of many Middle East oil producers back to refining.
Imports currently account for over 80% of Nigeria's refined product supply, creating a huge potential for local refining. The West African market also holds significant potential as refineries such as SIR (Ivory Coast), SOGARA (Gabon) and SAR (Senegal) cannot meet current demand for refined products in the region, estimated at 39 billion litres.
The Department of Energy and Climate Change (DECC), in collaboration with other government departments, is working with the downstream oil sector to conduct a review of the role of the UK’s refining and import sectors in the supply of refined oil products into the UK : Department of Energy & Climate Change.
Global oil trade in grew by a below average %, orb/d.4 Import growth was driven by China and emerging economies, while US imports declined due to its increased use of domestic crude in its refineries. Oil exports continued to swing from west to east. China is now the world’s largest net oil importer, replacing the United Size: 44KB.
5— The Petroleum Refining Industry. 87 and each refinery has been built to process a cer-tain type of crude oil (or “slate” of crudes) to pro-duce the products required for a defined market.7 Markets for specific products change constant-ly, and existing refineries are modified or new refineries are built to accommodate such changes.
Jamaica - Report on petroleum procurement, refining and distribution (English) Abstract. This report evaluates the economic costs and benefits of Jamaica's current system of crude procurement and domestic refining against the alternative of closing the refinery and directly importing products.
Oil comes in the form of crude oil (this requires refining to turn it into useful products), and in the form of already refined products, such as, kerosene, gasoline, diesel, gas oil or jet fuel. Both crude and refined products are imported into Ireland.
Crude oil is imported into. Crude oil is the raw material for petrol and other fuel products and, in order to achieve its transformation into these products, it must go through a complex refining process.
As a result, crude oil prices influence Singapore refined product prices - Australia's fuel benchmark. InChina’s Ministry of Finance and National Development and Reform Commission announced that when international crude prices are at $40 per barrel or lower the incremental value between international crude prices and China’s domestic fuel prices would be collected from China’s national and local oil companies and deposited in a fund controlled by the central government to be used.
For example, there is the direct correlation between the cost of gasoline or airplane fuel to the price of transporting goods and people. A drop in fuel prices means lower transport costs and cheaper airline tickets.
As many industrial chemicals are refined from oil, lower oil prices benefit the manufacturing sector. Even with the construction of such a domestic refinery, bulk fuel products produced by the refinery would still need to be shipped around Australian to major demand centres and in the event of refinery disruption (planned or unplanned) there would still be a need to import refined products.
Separately, consider the U.S. petroleum trade balance. In April, the U.S. was a net exporter of mb/d of refined products. Consequently, domestic refined product markets have experienced a surplus and have needed export markets to make them viable. Taken together, it has been a win-win scenario.
**Market participants expect Saudi Aramco could cut price differentials even further for its crude grades flowing east by $2-$3/b this month based on plunging demand and the sharp drop in underlying reference markers for Middle East crudes in Asia. Jet **Jet fuel prices have been hammered by.
InSouth Korea supplied 27 per cent of Australia's refined product imports by volume, closely followed by Singapore with 26 per cent. Japan supplied 14 per cent, Malaysia 10 per cent and China 8 per cent.
Crude oil is sourced from a more diverse range of countries, with Malaysia the largest supplier. Despite relatively high levels of domestic oil production in the past, imports of crude oil and refined petroleum products have always played an important role File Size: 1MB.
In the United States suffered its first domestic energy crisis directly caused by international forces. With the Arab Oil Embargo ofAmericans witnessed the effects of our dependence on imported oil: long lines at gas stations, lost productivity, declines in the stock market, economic recession, and general economic uncertainty.The IEPS tax plays a major role in stabilizing local fuel prices as well as in the private imports of fuel into Mexico.
The bottom line is that some private importers could eat some margin in order to get some share in a new market.Platts editors discuss the challenges faced by Myanmar's ageing refineries in trying to meet oil products demand, the role of fuel imports in the domestic market.
How Myanmar copes with growing.