Asia Looks For Answers On Oil Demand Revival, Russian Flows, Energy Security

  • China’s oil demand to fall 305,000 b/d in 2022
  • Asia may witness more than 1 million b/d demand growth in 2023
  • Russian oil flows to India, and China to dominate discussions at APPEC
Reviving oil demand 

The revival of Asian oil demand to pre-pandemic levels is likely to get pushed back until 2023 as a worse-than-expected consumption outlook in China on the back of pandemic-induced lockdowns will more than offset gains in other pockets of the region this year, analysts told S&P Global Commodity...

Germany Expands Crude Import Options For This Reason

  • Diversification to grow as EU sanctions, Rosneft takeover looms
  • Germany laps up Canadian, Libyan, Saudi crudes in recent months
  • Rosneft plant buyout to throw focus on Polish import route

A recent Platts news source states that Germany broadens crude import horizons as Russian flows dry up.

Europe’s biggest oil consumer

Germany, Europe’s biggest oil consumer, has more than doubled its sources of imported crude in recent months, according to shipping data, as its refiners increasingly hunt for...

What Is The Upcoming Energy Market Disaster?

  • As the EU ban on Russian oil and fuels looms, demand for tankers – particularly ice tankers – has been climbing.
  • In early August, the average profit for an oil product tanker jumped to the highest level since 1997, and it is likely that profits have increased since then.
  • Fuel markets worldwide are also tight which, combined with soaring tanker prices, will only add to inflation fears.

A recent Oil Price news article by  Irina Slav states that the Energy Market’s next crisis is oil tanker...

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