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A Changing Crude Oil Market and Implications for Asian Buyers
25 January 2019Anindya BoralDr. Victor Shum
IHS Markit presented the Maritime & Trade Workshop "A
Changing Crude Oil Market and Implications for Asian Buyers" in
Tokyo and Singapore in January 2019. For those of you who missed
the chance to attend our workshop,
download a copy of the presentation by Dr. Victor Shum and
Anindya Boral
Summary of Presentation:
Global Crude Oil Trade: What Does the Future
Hold? Dr. Victor Shum, Vice President of Energy
Consulting
Amid the intensifying competition for crude imports in Asia,
China will remain the world's #1 importer. The US will remain the
#2 importer, despite its rising crude production, owing to its
heavy sour crude refining slate. India will remain the #3 importer
but will see the biggest volumetric gain in imports. All crude
flows will lead to Asia. The surplus of Atlantic Basin crude will
widen, leading to steady increases in exports to Asia. Asia's
import requirements will continue to rise as its consumption
increases and its local crude production continues to fall off. The
Middle East - the world's largest crude producing and exporting
region - is a key source of global crude production growth and
exports. Export growth, however, is constrained because the region
will consume an increasing share of its own crude, with the
addition of new refineries.
Advanced Analytics and Big Data for Energy Market
Insights Anindya Boral, Executive Director of Maritime and
Trade
Commodity market participants are increasingly looking at
alternative data sources and advanced analytics to uncover
actionable trading and investment opportunities in a volatile
market. Real-time commodity movement information can provide firms
with an edge with powerful insights into where commodity shortfalls
or gluts may emerge thus creating trading signals. IHS Markit's
in-house data science team collaborated with maritime and energy
market experts to build algorithms that combine vast quantities of
ship movements and maritime reference data with energy market
intelligence to generate critical insights into "on-the-water"
movements and flow forecasts of key commodities at a global scale.
Our offering for crude oil covers the world's seaborne flows and
with high levels of accuracy. From connecting the dots on crude oil
flows between key producing and receiving regions to identifying
early warnings on disruptions in the market to generating insights
into activity in pinch-point regions and opaque parts of the
market, we can deliver critical intelligence on crude oil market
fundamentals as it happens.