The balance of global oil consumption is moving away from industrialised countries to developing economies, which are growing faster and are more energy intensive.
Asia-Pacific has emerged as the demand centre of the oil world. But additions to supply suggest a growing overhang in oil products markets, such as transportation fuels gasoline, jet fuel and gasoil in particular. Increasing refinery capacity in India, China and the Mideast Gulf are set to trigger changes to established trade flows, storage and pricing.
The shale revolution in the US has turned the US into a significant products exporter. Tight oil, shale gas and natural gas liquids are already making an impact across energy markets in all regions. Asia-Pacific will be an outlet for exporters of LPG and condensate, which will compete with naphtha supply from the Mideast Gulf.
Let us analyse what these changes mean for you and how you can benefit from a rapidly changing energy market environment.
Why you should attend the conference:
-Gain an insight on what recent, rapid changes in energy markets mean for your products business
-The conference is focused strongly on product markets – naphtha, gasoline, jet fuel, gasoil, and fuel oil
-Projects market developments over the short and medium term only for maximum relevance
-Understand demand-supply fundamentals of the various product markets, as well as competition for naphtha from alternative feedstocks
-Gain a strategic understanding of how developments in the US and Iran affect east of Suez products trade
-Strong networking opportunities – attendance from key trading companies
-How a resurgent US refining sector will affect the east of Suez products markets
-Surplus refining capacity – what is the impact on regional storage hubs?
-Europe/Australia refinery closures – How much, how fast, and the impact on Asian markets
-Alternative petrochemical feedstocks for Asia-Pacific crackers – a challenge to Mideast Gulf naphtha supply?
-China – Outlook for large-scale product exports
-Rising biodiesel demand and the impact on diesel flows
-Mideast Gulf refining additions and product demand
-Russian refinery upgrades and the impact on fuel oil supply
Gasoline versus gasoil – Which is the dominant Asian road transport fuel?
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