ICIS, a leading provider of market intelligence, has launched its latest review of China’s rapidly evolving oil industry. Renowned for unrivalled insights into the world’s second-largest oil consuming country, the ICIS China Petroleum Annual Report is a must-read for international market players.
China’s oil industry will rebound in 2015 from the lowest growth this century, the newly launched ICIS Annual Report predicts. But rising demand will not necessarily be enough to pull some parts of the country’s struggling refining industry out of trouble, and international market participants hoping that Chinese demand will rescue falling oil prices are likely to be disappointed.
The report forecasts that this year will see a jump in China’s oil demand growth to 4.1% over the next 12 months, a major leap upwards from 2014’s 1.1% growth. Surging imports of petrochemicals feedstocks naphtha and LPG look set to be the primary drivers of this growth, however, with demand for automotive and industrial fuels still in the doldrums. Indeed ICIS forecasts exports of gasoil will continue to grow, as China shifts its development focus to urbanisation (avoiding, for now, the use of diesel cars) and the country’s service industries.
This authoritative 160-page report comes at a crucial time for those participating in what has been recognised as ‘an industry in the re-making'
The ICIS China Petroleum Annual Report offers a fundamental review of recent developments, including government policies, the shifting supply/demand balance, trading patterns and China’s growing refinery industry. It also provides key insights into why 2014’s low point occurred. Providing expert analysis of the industry’s landscape, it’s an essential resource for international players seeking to understand the complex Chinese markets.
Despite the tough market conditions of late, 2015 holds promise for investors, financiers and traders with the right market intelligence. This cutting edge report provides an accurate market outlook up to 2019, helping industry players gain first-mover advantage when positioning themselves for the anticipated recovery and new opportunities.
ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling our customers to make better-informed trading and planning decisions. We have more than 30 years' experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts.
With a global staff of more than 800, ICIS has employees based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. Some 350 of ICIS’s staff are journalists engaged in reporting market prices and news, and ICIS is fully committed to upholding the highest journalistic principles of verification, corroboration and authentication. ICIS has a compliance framework that along with its methodologies and business processes adheres to the requirements of the IOSCO PRA Principles.
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A must-have publication for international players, which offers a comprehensive review and outlook for China’s petroleum industry.
The China Petroleum Annual Report provides:
The report also includes a host of special features on key government initiatives and hot topics in the Chinese petroleum industry today.