书签 分享 收藏 举报 版权申诉 / 29
上传文档赚钱

类型普氏Platts能源资讯亚洲区编辑总监VandanaHari课件.pptx

  • 上传人(卖家):晟晟文业
  • 文档编号:3697178
  • 上传时间:2022-10-05
  • 格式:PPTX
  • 页数:29
  • 大小:17.25MB
  • 【下载声明】
    1. 本站全部试题类文档,若标题没写含答案,则无答案;标题注明含答案的文档,主观题也可能无答案。请谨慎下单,一旦售出,不予退换。
    2. 本站全部PPT文档均不含视频和音频,PPT中出现的音频或视频标识(或文字)仅表示流程,实际无音频或视频文件。请谨慎下单,一旦售出,不予退换。
    3. 本页资料《普氏Platts能源资讯亚洲区编辑总监VandanaHari课件.pptx》由用户(晟晟文业)主动上传,其收益全归该用户。163文库仅提供信息存储空间,仅对该用户上传内容的表现方式做保护处理,对上传内容本身不做任何修改或编辑。 若此文所含内容侵犯了您的版权或隐私,请立即通知163文库(点击联系客服),我们立即给予删除!
    4. 请根据预览情况,自愿下载本文。本站不保证下载资源的准确性、安全性和完整性, 同时也不承担用户因使用这些下载资源对自己和他人造成任何形式的伤害或损失。
    5. 本站所有资源如无特殊说明,都需要本地电脑安装OFFICE2007及以上版本和PDF阅读器,压缩文件请下载最新的WinRAR软件解压。
    配套讲稿:

    如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。

    特殊限制:

    部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。

    关 键  词:
    普氏 Platts 能源 资讯 亚洲 编辑 总监 VandanaHari 课件
    资源描述:

    1、Global Oil Markets OutlookVandana Hari,Asia Editorial Director 28 May 2019,Shanghai2Enabling the markets to perform with greater Transparency&EfficiencySincePlatts An introductionNew YorkDenverWashingtonHoustonBuenos AiresLondonMoscowDubaiBeijingTokyoShanghaiHong KongSingaporeEvergreenBostonHightsto

    2、wnPittsburghSo PauloLausannePlatts An introductionCape TownHoustonARA(Amsterdam Rotterdam Antwerp)SingaporePlatts An Introduction Key global crude and oil products benchmarks,including Brent and Dubai Intelligence on oil,petrochemicals,metals,gas&power,agricultural marketsEditorial and market assess

    3、ments are conductedwith complete Independence&ImpartialityAgenda5Oil prices End to volatility?-What fundamentals and geopolitics tell us US shale boom-The impact on global oil flowsso far and going forward Redefining refining-Sector in a major flux globally Global Oil Markets:Stable On The Surface6S

    4、ource:Platts Dated Brent assessmentsDemand Stabilization Anchoring Crude7Source:Platts analysis of quarterly historic and forecast demand from OPECs Monthly Oil Market Report(January 2019)and IEAs Oil Market Report(January 2019)Global Crude Markets Finely Balanced8Source:Platts Dated Brent assessmen

    5、tsAnnual Demand Growth=1 million b/dNew Crude Supplies From US,Iraq,Africa US Crude Export PolicyMarginal Cost Of Tight OilOPEC Coordination?Easing Iran SanctionsOil Markets Find Stable Evolutionary CurveThe mood at Platts 7th Global Crude Oil Summit May 13-149China In An Oil Recession10 Economy los

    6、ing steam;inventories piling up;major stimulus measures seen unlikely Growth becoming less oil-intensive Oil demand between Oct 2019-Mar 2019 declined 1%Gasoil,naphtha consumption shrinking,more than offsets rise in gasoline demandDownside Risks To Global Demand Growth11Source:IEADemand:IEA projects

    7、 1.3 mil b/d growth for 2019 Too optimistic?CHINA:Oil demand growth slowing down faster than GDP INDIA:Annual growth in consumption cools to 1%RUSSIA:Ukraine tensions and sanctions dampen economic outlookOutages Dont Rattle Markets Any More Libyan output slumped to around 200,000 b/d(versus 1.6 mil

    8、b/d capacity)Unrest,attacks on infrastructure curb crude production in Nigeria,Iraq,Libya,Sudan12NigeriaNearly 4 mil b/d of production reduced or under constant threatBut OPEC output remains mostly below 30 mil b/d“ceiling”since last Sep;Saudi pulls back from 10 mil b/d peakPlenty Of New Supply,Led

    9、by N.AmericaON THE OPEC FRONT:Iran could raise output by 1 mil b/d within 6 months if sanctions lifted;aims for 5 mil b/d output by 2018 Iraq production is on a strong ascent 3.4 mil b/d in Feb,highest since 1979 Will OPEC be able to respond if there is a supply glut?13Non-OPEC supply growing at its

    10、 strongest in decadesSource:IEAUS Shale Bonanza The Impact On Global Oil Flows So Far And Going ForwardUS Tight Oil Boom Light,Sweet Surplus 15 9.6 mil b/d 2020:Nearly half the output will be tight oil Most tight oil is light/ultra light sweet crude/condensate Nearly 2 mil b/d of excess light sweet

    11、crude foreseen 2019US Produces More Crude Than It Imports16Source:EIA3.55.57.59.511.52005Million B/DProductionImportsAverage Daily US Imports By Supplier17Source:EIACanada,Colombia Boost Exports To US18CanadaColombia Imports from Africa light,sweet grades from Nigeria,Algeria,Angola down 90%from 2 m

    12、il b/d in 2019 to 170,000 b/d in Jan-Apr 2019 Imports of Canadian crude jumped 70%from 2019 to average 2.7 mil b/d this year Imports of Colombian crude doubled from 2019 to 300,000 b/d this year US TO ALLOW CRUDE EXPORTS?UNLIKELY!Surplus To Find Its Way Out As Products19New condensate splitters comi

    13、ng on stream Nearly 475,000 b/d new capacity over the next 2 years(source:Platts Bentek)New ethane crackers being built Around 12 mil mt/year of new ethylene capacity planned to come on stream by 2020Nearly 50%capacity growth in bothUnprecedented boom in US oil,gas infrastructureUS Oil Product Expor

    14、ts Vault Over 3 Mil B/D20GASOILGASOLINELPG,NAPHTHA0123452008200920102011201220132014Mil B/DFinished Petroleum ProductsNGLsBiofuels and blending componentsPLANT CONDENSATERedefining Refining Sector In Major Flux GloballyOil Markets In Three Very Different Worlds22Crude:InsularityProducts:Export expan

    15、sionCrude:ContractionProducts:Import expansionCrude and productsMore supply/More demandRefining Sector Tilts To Overcapacity23JapanAustraliaEurope(?)ChinaMiddle EastIndiaUSAfrica,Latin America(?)Japan Contracts,But Major“Sinks”in SE Asia Japan 20%reduction in capacity from 2019 peak of 4.9 mil b/d;m

    16、ore cuts likely by 2019 Major product“sinks”in Southeast Asia:-Indonesia About 500-600,000 b/d;could double by 2020-Australia About 375,000 b/d;seen rising to 700,000 b/d by 2019-Vietnam About 180,000 b/d;could vanish around 2020 if refining capacity rises24China Refining Overcapacity Downstream add

    17、itions surpass demand growth Some 4 mil b/d excess capacity seen by 2019 Capacity utilization rates on a slippery slope Product exports rising,imports declining“If China does not rein in excess capacity,refinery utilization rates could drop to 67%by 2020,lower than the 72-75%in the steel industry no

    18、w”Sinopec Chairman Fu Chengyu(March 14)25Mideast In Unprecedented Refinery Boom 2626Yanbu,400 kb/d,2019(e)Jizan,400 kb/d,after 2019(e)Duqm,230 kb/d,2020(e)Fujairah,200 kb/d,2020(e)Ruwais expansion,+417 kb/d,2019(e)Ras Laffan II,146 kb/d condensate splitter,2019 Jubail,400 kb/d,2019(started)Al Zour,6

    19、15 kb/d,by 2021(e)Iraq,various,total 700 kb/d 2019 onwards(e)Sohar expansion,+86 kb/d,2019(e)European Refining Sector On Life-Support Europe oil demand remains on a slippery slope Around 2.5 mil b/d products demand lost between 2019-2019 Refiners opt to reduce rates rather than shut down Average ref

    20、inery utilization rates languish around 75%“1 mil b/d immediate capacity is needed to shut down along with a further 1.5-2.0 mil b/d by the end of 2019 to restore healthy utilization”Marcus Lippold,VP,MOL(April 14)27Golden Age For US Gulf Coast Refiners28-8-327121722May-13Jun-13Jul-13Aug-13Sep-13Oct-13Nov-13Dec-13Jan-14Feb-14Mar-14Apr-14May-14$/BUS Gulf Coast(LLS)ARA(Brent)Italy(Urals)Singapore(Dubai)Cracking Margins Over The Past YearSource:Platts and Turner,Mason&Co.Thank You!Questions?Vandana.hariplatts

    展开阅读全文
    提示  163文库所有资源均是用户自行上传分享,仅供网友学习交流,未经上传用户书面授权,请勿作他用。
    关于本文
    本文标题:普氏Platts能源资讯亚洲区编辑总监VandanaHari课件.pptx
    链接地址:https://www.163wenku.com/p-3697178.html

    Copyright@ 2017-2037 Www.163WenKu.Com  网站版权所有  |  资源地图   
    IPC备案号:蜀ICP备2021032737号  | 川公网安备 51099002000191号


    侵权投诉QQ:3464097650  资料上传QQ:3464097650
       


    【声明】本站为“文档C2C交易模式”,即用户上传的文档直接卖给(下载)用户,本站只是网络空间服务平台,本站所有原创文档下载所得归上传人所有,如您发现上传作品侵犯了您的版权,请立刻联系我们并提供证据,我们将在3个工作日内予以改正。

    163文库