Detailed analysis of opportunities arising from the flourishing petroleum trade in China
As China loosens control over imports and launches a new futures trading platform for crude oil and petroleum products, petroleum trading is expected to flourish. As a result, storage facilities, commercial terminals and jetties are drawing increasing attention from international market players looking to rent, buy or invest.
The ICIS China Commercial Oil Terminals Research report addresses the need for more information on the availability of oil terminals in China’s coastal areas where petroleum trading is most active. Produced by ICIS experts based in the region, the report features over 300 commercial terminals and jetties in detail and offers expert forecasts up until 2018. Structure, distribution, characteristics, and the supply-demand situation are also assessed on the basis of regional petroleum imports, exports and demand.
With over 30 years in the industry, ICIS is recognised domestically and internationally as a leading source of market information. Our insights on the Chinese market provided by our local-based experts in the region, combined with the expertise of our global analytical team, ensure that global market players receive unrivalled and independent insights into China’s opaque commercial oil terminal market.
Global oil demand growth forecasts have been revised upwards by The International Energy Agency (IEA), despite the US and China markets facing uncertainty. Global demand growth of around 1.1m bbl/day is forecast for 2014 due to an improved macroeconomic climate.
China is expected to boost its gasoil and gasoline exports from 2014, because the world’s second-largest economy is likely to face an oversupply in its fast-growing refining capacities, industry sources said.
China has driven growth in the chemical industry since 2008, however this was due to an explosion of credit. Now the country is facing the consequences of its $10 trillion surge and China’s new leaders recognise that an economic revolution is needed to solve this problem.
As part of the ICIS series of free market information, we hosted a webinar on 23 April 2014. A recording of the webinar and presentation slides is available for you to download.