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TRANSCRIPT
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EGCFE Oil and Gas Meeting
APERC Oil Market Report
9 March 2018Tokyo, JapanDr. Ruengsak ThitiratsakulResearch Fellow, APERC
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DemandAPEC vs GlobalAPEC Demand Outlook
SupplyAPEC vs GlobalAPEC Supply Outlook
Key Factors Influencing Oil MarketUS Shale Oil DevelopmentRefining Capacity Additions in SEA and MECrude Oil Price
Environmental IssuesGasoline and Gas Oil Trade RestrictionIMO’s 2020 Sulphur Cap
APEC Import Dependence
Topics of Presentation
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Global oil consumption reached 4,341 million tonnes in 2015 (0.9% p.a. for 2006-2015).
APEC accounted for 53% of global demand in 2015.
APEC vs Global Demand 2006-2015 APEC Demand 2006-2015
APEC vs Global Demand
0 500
1000 1500 2000 2500 3000 3500 4000 4500 5000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015APEC Rest of the world
Million Tonnes
0
500
1000
1500
2000
2500
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
China Japan US Russia Southeast Asia Other Asia Oceania Other Americas
Million Tonnes
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4
APEC Demand by Sector 2006-2015 USA Demand by Sector 2006-2015
APEC vs Global Demand by SectorUSA vs China
China Demand by Sector 2006-20150
500
1000
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2000
2500
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015Power generation Industry TransportationResidential & commercial Non-energy use Others
Million Tonnes
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2006 2007 2008 2009 2010 2011 2012 2013 2014 2015Power generation Industry TransportationResidential & commercial Non-energy use Others
Million Tonnes
0
100
200
300
400
500
600
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015Power generation Industry TransportationResidential & commercial Non-energy use Others
Million Tonnes
APEC growth (past 10 years) = 0.5% p.a.vs rest global = 1.3% p.a.
APEC slowdown due to declining demand in USA (-1.4% p.a.) and Japan (-2.4% p.a.) while China demand is growing at 4.5% p.a.
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China leads the way in demand growth at 5.7% p.a. towards 2020 contributing to 32% share of APEC vs 25% in the past.
APEC oil demand will shift more to Asia in the coming years.
APEC Demand Outlook 2020
0
500
1000
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2500
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
China Japan US Russia Southeast Asia Other Asia Oceania Other Americas
Million Tonnes
0
500
1000
1500
2000
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3000
2015 2020
China Japan US Russia Southeast Asia Other Asia Oceania Other Americas
Million Tonnes
APEC Demand Outlook 2015-2020APEC Demand 2006-2015
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APEC vs Global Supply 2006-2015 APEC Supply 2006-2015
0
200
400
600
800
1000
1200
1400
1600
1800
2000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015China US Canada MexicoRussia Southeast Asia Other Asia Oceania Other Americas
Million Tonnes
0500
100015002000250030003500400045005000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015APEC Rest of the world
Million Tonnes
APEC vs Global Supply
Global oil supply reached 4,359 million tonnes in 2015 (1.0% p.a.).
US and Russia accounted for 61% of APEC supply with 74% of APEC growth contributing from US shale.
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0
200
400
600
800
1000
1200
1400
1600
1800
2000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015China US Canada MexicoRussia Southeast Asia Other Asia Oceania Other Americas
Million Tonnes
0
500
1000
1500
2000
2500
2015 2 020
China US Canada MexicoRussia Southeast Asia Other Asia Oceania Other Americas
Million Tonnes
APEC SupplyGrowth +0.4% p.a.(1,926 mt @2020)
Supply Center North America
APEC Supply 2006-2015 APEC Supply Outlook 2015 vs 2020
APEC Supply Outlook 2020
APEC DemandGrowth +1.7% p.a.(2,605 mt @2020)
Demand Center Asia
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Key Factors Influencing Oil Market
Oil Market
Supply
US Shale OilDemand
Refining Capacityin SEA & METrade
Oil Price
Environmental Issues
Different Specs Restrict Trade
IMO 2020 Sulphur Cap
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Shale oil production in US has increased by 80% since 2008.
4.6 mbd in 2017, equivalent to 50% of total US production.
6-8 mbd forecasted in 2030 (EIA-IEA).
US energy balance has transformed into less import dependence due to shale oil boom.
Decreasing breakeven price of shale oil (to US$ 40-50/barrel) increases its potential to be competitive advantage over crude oil.
0
200
400
600
800
1000
1200
1400
1600
1800
0
2
4
6
8
10
12
1 4 7 10 1 4 7 10 1 4 7 10 1 4 7 10
2014 2015 2016 2017Shale oil Conventional Rig count
Production (mb/d) Rig count
US Shale Oil Development
Sources: EIA and Baker Hughs (2017)
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SEA plans to add a combining 1,400 KBD to improve supply security.
ME plans to install a total of 2,600 KBD and replace crude oil export with product export.
Trades are expected to increase along new capacities.
New capacities to be installed in Southeast Asia (SEA) and Middle East (ME) during 2018-2022.
Refining Capacity Additions in SEA and ME
Sources: OGJ November 7, 2016IEA: 2016 MTOMR
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Impact of Crude Oil Price
0
20
40
60
80
100
120
140
160
1 7 1 7 1 7 1 7 1 7 1 7 1 7 1 7 1 7 1 7 1 7 1 7 12
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Brent WTI Dubai
$/bbl
Oil price has fallen for the past three years driven by:
-increased supply of shale oil
-diminished oil demandfrom slowdown of economic growth$/bbl (2016 price)
2015 2020 2025 2030
APERC(Brent) 53 75 100
IEA(avg import price) 51 83 94
EIA 53 75 86 95(Brent)
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Drop in oil prices has caused demand to increase in some economies but hasn’t boosted economic activities in global scale as much as expected.
Impact of Crude Oil Price
Re-balancing of oil supply-demand has shifted focus of international oil market:
oil exporting countries (OPEC, Russia, etc.)
oil importing countries (China, India, Japan, EU, etc.)
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Gasoline and gas oil trade hampered by differences in their specifications.
Harmonization of APEC oil specifications can alleviate:
– APEC oil trade optimization– Environmental emissions– Logistics costs
Many different quality standards of gasoline and gas oil have been adopted and traded in APEC economies; e.g., EURO III, EURO IV, EURO V and etc.
Environmental Issue: Gasoline and Gas Oil Trade
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New tanker regulations to limit sulphur content (3.5% to 0.5%) on marine fuels to be enforced in 2020.
Low Sulphur Fuel Oil (LSFO) can be produced several ways: cracking FO to GO, sweeter crude slate, and desulfurizing FO.
– Estimated $30/mt premium for 0.5% FO1. – Costs are expected to be borne by refiners, crude producers,
shipowners and bunker suppliers.
Demand shift of 2 mbd FO to GO2.– Change in trade flows as regional
disparities in compliant bunker fuel output are expected.
– New refinery upgrades in the ME are expected to lead to a surplus of compliant FO, while North America, Africa and Asia-Pacific are expected to be in deficit.
Note: 1. Based on 195 million tonnes FO switching from 3.5% to 0.5% (5,000 ppm).2. Based on marine fuel consumption in international shipping at 3.9 mbd in 2020 (30% FO and 70% GO).
Environmental Issue: IMO’s 2020 Sulphur Cap
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APEC Import Dependence
34%23%
0%
20%
40%
60%
80%
100%
0
20,000
40,000
60,000
Production Net Import Import Dependency
KBD
Total Crude & Product Import Dependence
36% 31%
0%10%20%30%40%50%60%70%80%90%100%
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
KB
Crude Import Dependence
-2%
-9%-10%
-8%
-6%
-4%
-2%
0%
(5,000,000)
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
KB
Product Import Dependence
APEC Import Dependency has decreased from 34% to 23% for the past decade.
note: Import dependence = (net import + stock changes) / total supply
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16
APEC Import Dependence
37%35%
34% 34% 34% 34% 34%35%
33%31%
32% 32%30%
27%25%
23%
y = -0.007x + 0.3777
0%
5%
10%
15%
20%
25%
30%
35%
40%
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020
APEC Import Dependency
APEC Import Dependency has continuously decreased and the trend continues.
グラフ1
20002000
20012001
20022002
20032003
20042004
20052005
20062006
20072007
20082008
20092009
20102010
20112011
20122012
20132013
20142014
20152015
20162016
20172017
20182018
20192019
20202020
Import Dependency
APEC Import Dependency
y = -0.007x + 0.3777
0.3653796558
0.351253077
0.3373639547
0.3355914982
0.3441005256
0.3405255891
0.3393412082
0.3458922896
0.3334360851
0.3103439092
0.320886285
0.3163676742
0.3016424644
0.2717470549
0.2494077009
0.2323791769
0.2727
0.2657
0.2587
0.2517
0.2447
0.2377
APEC
Ktoe2000200120022003200420052006200720082009201020112012201320142015
Crude Production1,190,0561,217,2781,256,3471,316,6301,349,3091,355,8631,350,9381,343,4011,335,1881,342,5621,373,3201,385,7131,447,5911,500,2771,576,7491,611,832
Imports1,146,4851,139,0171,127,0271,201,0061,277,2671,287,7661,293,4921,309,5801,295,5131,232,4371,284,7511,288,3751,281,2281,230,0751,218,9921,270,869
Exports- 404,859- 426,833- 455,022- 504,537- 537,146- 534,093- 519,079- 513,580- 484,579- 475,835- 478,118- 485,119- 477,679- 482,104- 485,545- 531,749
Net Imports741,626712,184672,005696,469740,120753,673774,413796,000810,934756,602806,633803,256803,549747,971733,447739,120
Stock Change- 9,222- 8,109- 5,627- 3,497- 8,888- 4,930- 863- 2,405- 16,511- 12,666- 14,396- 8,757- 11,403- 935- 9,411- 15,486
Net Crude Supply1,922,4601,921,3531,922,7252,009,6022,080,5412,104,6062,124,4872,136,9972,129,6122,086,4982,165,5572,180,2122,239,7372,247,3132,300,7852,335,466
Import Dependency38%37%35%34%35%36%36%37%37%36%37%36%35%33%31%31%
('000 BBl)2000200120022003200420052006200720082009201020112012201320142015
Crude Production8,770,7128,971,3389,259,2809,703,5609,944,4059,992,7119,956,4129,900,8669,840,3399,894,68510,121,36910,212,70510,668,74511,057,04011,620,64411,879,200
Imports8,449,5978,394,5568,306,1858,851,4159,413,4569,490,8399,533,0339,651,6079,547,9339,083,0609,468,6179,495,3269,442,6539,065,6558,983,9699,366,306
Exports- 2,983,814- 3,145,757- 3,353,510- 3,718,436- 3,958,770- 3,936,267- 3,825,612- 3,785,087- 3,571,348- 3,506,907- 3,523,728- 3,575,327- 3,520,494- 3,553,107- 3,578,467- 3,918,988
Net Imports5,465,7835,248,7994,952,6765,132,9795,454,6865,554,5725,707,4215,866,5205,976,5855,576,1535,944,8895,919,9985,922,1595,512,5485,405,5025,447,318
Stock Change- 67,968- 59,766- 41,472- 25,773- 65,505- 36,337- 6,363- 17,722- 121,686- 93,350- 106,101- 64,540- 84,043- 6,889- 69,361- 114,132
Net Crude Supply14,168,52814,160,37114,170,48314,810,76615,333,58615,510,94615,657,47015,749,66415,695,23815,377,48915,960,15716,068,16416,506,86216,562,69916,956,78417,212,386
Refinery Supply ('000 BBl)
Refinery Production16,285,43516,363,97316,375,25816,850,30217,554,55517,732,79317,923,47018,183,73317,996,85117,780,05818,542,44918,786,27218,929,14819,421,08719,709,68820,281,606
Import2,513,9162,569,8622,659,1122,792,6143,140,1863,247,1513,309,7693,417,9943,486,0093,575,3023,835,1853,936,0923,845,8903,932,7693,958,6774,226,699
Export- 1,863,756- 1,938,259- 2,010,983- 2,092,156- 2,191,745- 2,498,019- 2,603,003- 2,795,328- 3,134,069- 3,311,266- 3,522,779- 3,695,365- 3,785,709- 3,964,319- 3,979,634- 4,472,334
Net Import656,949639,564657,494710,315954,134747,133704,226623,109351,326264,006281,079239,80160,063- 38,623- 22,520- 245,635
Others (SC & Intl AVGas/Marine)- 1,005,068- 971,218- 854,576- 916,271- 1,126,243- 1,105,542- 1,291,267- 1,236,328- 1,283,780- 1,294,220- 1,337,445- 1,369,079- 1,290,015- 1,341,109- 1,452,299- 1,491,403
Total Supply15,844,64615,936,71116,081,17416,534,56517,243,44317,252,44117,230,97717,500,04017,058,16816,743,46917,478,93817,649,78417,690,88018,031,47118,227,26518,544,569
Import Dependency-2%-2%-1%-1%-1%-2%-3%-4%-5%-6%-6%-6%-7%-8%-8%-9%
Total Supply (Crude and Refinery)
('000 BBl/d)
200020012002200320042005200620072008200920102011201220132014201520162017201820192020
Production24,029.3524,579.0125,367.8926,585.1027,244.9427,377.2927,277.8427,125.6626,959.8327,108.7327,729.7827,980.0129,229.4430,293.2631,837.3832,545.75
Net Import16,77516,13315,37016,00917,55817,26517,56617,78017,33716,00017,05716,87616,39014,99714,74814,251
Stock Change- 2,940- 2,825- 2,455- 2,581- 3,265- 3,128- 3,555- 3,436- 3,851- 3,802- 3,955- 3,928- 3,765- 3,693- 4,169- 4,399
Total Supply37,86437,88738,28340,01341,53841,51441,28941,47040,44639,30840,83240,92841,85541,59742,41642,398
Import Dependency37%35%34%34%34%34%34%35%33%31%32%32%30%27%25%23%
Regressed Import Dependency38%37%36%36%35%34%34%33%32%31%31%30%29%29%28%27%27%26%25%24%24%
27%27%26%25%24%24%
APEC
'000bbl/d
Production
Net Import
Import Dependency
Australia
Total Crude & Product Import Dependence
Source: IEA 2015
Import Dependency
APEC Import Dependency
Crude Production
Net Imports
Import Dependency
Crude Import Dependence
Brunei
Refinery Production
Net Import
Import Dependency
Product Import Dependence
Canada
Ktoe20002001200220032004200520062007200820092010201120122013201420152016
Crude Production25,08126,61230,30829,40325,78522,92920,41523,21421,50122,17023,14222,23220,72917,97916,92616,16016160.821
Imports20,51721,55121,55020,66318,29620,44719,19120,04820,79419,40521,54225,51623,77923,78722,24519,43515322.709
Exports- 16,114- 20,403- 20,095- 16,343- 13,629- 11,965- 9,885- 12,289- 12,243- 13,135- 14,352- 15,576- 13,679- 12,307- 11,660- 11,981-11265.194
Net Imports4,4031,1481,4544,3214,6678,4829,3067,7588,5506,2707,1919,94010,09911,48010,5857,4544,058
Stock Change- 56- 904303- 84515162- 62- 1663461-405.239290.49140.59351.68962.026214145.762
Net Crude Supply29,42826,85632,06533,64030,96631,57329,65930,80630,08528,50129,92732,46330,96929,51127,57323,82820,364
Import Dependency15%1%5%13%17%27%31%25%29%22%23%32%33%39%39%32%21%
('000 BBl)20002001200220032004200520062007200820092010201120122013201420152016
Crude Production184,848196,129223,368216,701190,036168,983150,455171,089158,461163,393170,555163,850152,770132,508124,742119,098119,105
Imports151,207158,828158,821152,288134,838150,696141,438147,753153,249143,015158,768188,051175,249175,309163,949143,233112,928
Exports- 118,757- 150,370- 148,101- 120,445- 100,445- 88,181- 72,851- 90,574- 90,233- 96,806- 105,772- 114,793- 100,817- 90,705- 85,936- 88,297- 83,024
Net Imports32,4508,45810,71931,84334,39362,51568,58857,17963,01646,20952,99673,25974,43284,60478,01354,93629,904
Stock Change- 412- 6,6622,233- 6173,7941,196- 457- 1,227251450- 2,9872,1411,0363814571,5771,074
Net Crude Supply216,887197,925236,320247,928228,223232,695218,586227,042221,729210,051220,564239,250228,239217,493203,212175,610150,083
Refinery Supply ('000 BBl)
Refinery Production340,041332,800329,920338,510328,447324,180308,230313,919311,965308,884299,632311,329298,790296,847278,809247,7160
Import30,81832,20631,44036,75569,47973,67190,89283,538109,791119,571122,333113,110139,062152,984157,537178,8090
Export- 26,740- 29,479- 45,977- 43,509- 37,128- 32,554- 33,743- 31,821- 30,488- 25,600- 25,512- 22,763- 22,636- 23,116- 21,958- 19,5000
Net Import4,0782,727- 14,537- 6,75432,35141,11857,14951,71779,30493,97167,64590,347116,426129,869135,579159,3090
Others (SC & Intl AVGas/Marine)- 22,728- 26,999- 20,170- 20,418- 26,466- 26,585- 30,662- 29,838- 29,173- 33,457- 29,176- 29,104- 34,523- 32,686- 33,038- 37,2220
Total Supply321,392308,527295,214311,338334,331338,713334,717335,797362,096369,398338,101372,572380,693394,029381,350369,8040
Total Supply (Crude and Refinery)
('000 BBl/d)
20002001200220032004200520062007200820092010201120122013201420152016AAGR
Production506.43537.34611.97593.70520.65462.97412.21468.74434.14447.65467.27448.90418.55363.04341.76326.29326.32-4.0%
Net Import10031- 1069183284344298390384331448523588585587826.0%
Stock Change- 63- 92- 49- 58- 62- 70- 85- 85- 79- 90- 88- 74- 92- 89- 89- 9833.0%
Total Supply5434765526056416776716827457417108238508628388164111.3%
Import Dependency7%-13%-11%2%19%32%39%31%42%40%34%45%51%58%59%60%21%5.3%49%
Canada
'000bbl/d
Import Dependency
Production
Net Import
Import Dependency
Chile
Ktoe20002001200220032004200520062007200820092010201120122013201420152016
Crude Production9,6759,77410,13210,3419,89910,43810,5129,2419,0387,8197,7767,4417,4336,1885,7996,0615,834
Imports----------------
Exports- 9,272- 9,213- 9,723- 9,952- 9,550- 10,058- 10,063- 8,702- 8,352- 7,212- 7,496- 6,882- 7,065- 5,944- 5,475- 5,884
Net Imports- 9,272- 9,213- 9,723- 9,952- 9,550- 10,058- 10,063- 8,702- 8,352- 7,212- 7,496- 6,882- 7,065- 5,944- 5,475- 5,884-
Stock Change115- 374713- 54- 557742- 86- 145168- 57- 3736- 8998
Net Crude Supply5195244564022943255265816004614485023312802362755,834
Import Dependency-1765%-1766%-2120%-2471%-3266%-3115%-1899%-1491%-1405%-1594%-1635%-1381%-2147%-2112%-2359%-2107%0%
('000 BBl)20002001200220032004200520062007200820092010201120122013201420152016
Crude Production71,30472,03474,67576,21072,95276,92577,47568,10666,60957,62457,30854,84054,78045,60742,74044,66742,996
Imports-----------------
Exports- 68,332- 67,903- 71,658- 73,344- 70,386- 74,126- 74,164- 64,133- 61,552- 53,155- 55,247- 50,717- 52,071- 43,809- 40,348- 43,365-
Net Imports- 68,332- 67,903- 71,658- 73,344- 70,386- 74,126- 74,164- 64,133- 61,552- 53,155- 55,247- 50,717- 52,071- 43,809- 40,348- 43,365-
Stock Change850- 27134698- 399- 406564309- 632- 1,0691,242- 421- 271263- 655722-
Net Crude Supply3,8233,8603,3642,9652,1672,3933,8754,2824,4253,4013,3033,7022,4382,0621,7382,02442,996
Refinery Supply ('000 BBl)
Refinery Production4,6534,7404,9065,0705,0355,0345,4195,5765,7885,3975,1514,7643,5604,0843,1923,9390
Import1141011791359910582483817431,0782,0452,9292,3223,0892,5610
Export- 8---- 17- 17------ 200- 97- 72- 120-0
Net Import105101179135828882483817431,0781,8452,8322,2502,9692,5610
Others (SC & Intl AVGas/Marine)- 891- 1,042- 1,136- 1,156- 1,187- 1,198- 1,352- 1,262- 1,277- 1,272- 1,430- 1,490- 1,043- 1,265- 1,181- 1,3210
Total Supply3,8673,7993,9484,0503,9303,9244,1494,3634,8914,8684,7995,1195,3495,0694,9805,1790
Total Supply (Crude and Refinery)
('000 BBl/d)
20002001200220032004200520062007200820092010201120122013201420152016
Production195.35197.35204.59208.80199.87210.75212.26186.59182.49157.88157.01150.25150.08124.95117.10122.37117.80
Net Import- 187- 186- 196- 201- 193- 203- 203- 176- 168- 144- 148- 134- 135- 114- 102- 112-
Stock Change- 0- 4- 2- 3- 4- 4- 2- 3- 5- 6- 1- 5- 4- 3- 5- 2-
Total Supply88753478108811128109118
Import Dependency-2248%-2368%-3004%-3820%-6770%-5896%-2874%-2120%-1788%-1906%-1842%-1252%-1196%-1397%-1112%-1269%0%
Figure 1.9 Total Oil Supply (Crude and Petroleum)
Source: IEA 2014
Chile
'000bbl/d
Production
Net Import
Import Dependency
China
Ktoe20002001200220032004200520062007200820092010201120122013201420152016
Crude Production89,87490,22393,116101,442104,831114,384115,490109,452110,046103,680110,424117,003127,612138,334152,695158,025161556.063
Imports46,09146,38344,49245,50246,85046,42642,45942,93144,87545,04442,60941,66742,70440,71539,31545,72845103.857
Exports- 59,712- 58,096- 58,409- 62,336- 68,608- 76,112- 80,717- 75,504- 78,620- 76,669- 80,494- 91,512- 97,823- 112,246- 120,559- 134,682-139176.856
Net Imports- 13,620- 11,712- 13,917- 16,834- 21,758- 29,686- 38,258- 32,573- 33,745- 31,625- 37,885- 49,845- 55,119- 71,530- 81,244- 88,954- 94,073
Stock Change- 21- 697- 721- 523- 201- 1,9965161,49077- 75- 1,172818163- 323- 963- 266-140.017
Net Crude Supply76,23277,81478,47984,08582,87282,70277,74878,37076,37871,98071,36767,97672,65666,48070,48968,80667,343
Import Dependency-18%-16%-19%-21%-26%-38%-49%-40%-44%-44%-55%-72%-76%-108%-117%-130%-140%
('000 BBl)20002001200220032004200520062007200820092010201120122013201420152016
Crude Production662,368664,944686,268747,626772,603843,007851,165806,664811,040764,122813,827862,313940,4981,019,5191,125,3631,164,6441,190,668
Imports339,692341,846327,904335,353345,288342,162312,922316,402330,728331,971314,029307,084314,730300,072289,752337,018332,415
Exports- 440,075- 428,166- 430,471- 459,418- 505,643- 560,945- 594,886- 556,464- 579,430- 565,050- 593,244- 674,442- 720,954- 827,250- 888,518- 992,606- 1,025,733
Net Imports- 100,383- 86,320- 102,567- 124,065- 160,355- 218,783- 281,964- 240,062- 248,701- 233,079- 279,215- 367,358- 406,224- 527,178- 598,765- 655,589- 693,318
Stock Change- 158- 5,137- 5,310- 3,857- 1,484- 14,7113,80410,982565- 550- 8,6406,0261,198- 2,380- 7,095- 1,958- 1,032
Net Crude Supply561,827573,487578,390619,705610,764609,514573,005577,584562,904530,492525,973500,981535,471489,961519,503507,097496,318
Refinery Supply ('000 BBl)
Refinery Production832,237859,308887,851916,105946,865944,193933,780957,507919,454897,898927,938914,547963,500954,850915,379890,6550
Import54,30974,48564,85382,29691,143105,040109,63999,114122,095101,35498,948118,30292,64488,96581,98687,4620
Export- 114,830- 149,079- 160,097- 163,227- 168,361- 167,101- 158,899- 164,932- 165,441- 157,813- 158,698- 147,127- 176,993- 190,669- 173,833- 174,7160
Net Import- 60,521- 74,595- 95,244- 80,930- 77,218- 62,061- 49,261- 65,817- 43,346- 56,458- 59,750- 28,824- 84,350- 101,704- 91,847- 87,2540
Others (SC & Intl AVGas/Marine)- 14,689- 20,437- 11,239- 7,503- 13,512- 12,411- 15,947- 14,780- 11,124- 5,679- 1,222- 13,391- 10,672- 5,455- 15,292- 1,1980
Total Supply757,027764,276781,368827,672856,135869,721868,573876,910864,984835,761866,967872,331868,478847,692808,241802,2040
Total Supply (Crude and Refinery)
('000 BBl/d)
2000200120022003200420052006200720082009201020112012201320142015AAGR
Production1,814.711,821.761,880.192,048.292,116.722,309.612,331.962,210.042,222.032,093.482,229.662,362.502,576.712,793.203,083.193,190.815.3%
Net Import- 441- 441- 542- 562- 651- 769- 907- 838- 800- 793- 929- 1,085- 1,344- 1,723- 1,892- 2,03514.3%
Stock Change- 41- 70- 45- 31- 41- 74- 33- 10- 29- 17- 27- 20- 26- 21- 61- 9-15.8%
Total Supply1,3331,3111,2931,4561,4251,4661,3911,3621,3931,2831,2741,2571,2071,0491,1301,147-2.7%
Import Dependency-36%-39%-45%-41%-49%-58%-68%-62%-60%-63%-75%-88%-114%-166%-173%-178%17.0%
Figure 2.8 Total Oil Supply (Crude and Petroleum)
Source: IEA 2014
Import Dependency
China
'000bbl/d
Production
Net Import
Import Dependency
Hong Kong
Ktoe20002001200220032004200520062007200820092010201120122013201420152016
Crude Production265.0265.0220.7179.4178.3166.6145.8128.1132.4185.3216.0277.6302.9355.1347.746251.78213.6
Imports9,97510,1079,87210,54410,73310,53911,42411,08710329.610154.38595.59207.98740.39538.88978.4398561.5588529.569
Exports--------0.00.00.00.00.00.0000
Net Imports9,97510,1079,87210,54410,73310,53911,42411,08710,33010,1548,5959,2088,7409,5398,9788,5628,530
Stock Change- 226- 226- 135120304-97- 297188.7-92.21.066.3119.7-198.923.733-40.244102.157
Net Crude Supply10,01410,1469,95710,84311,21510,70611,66610,91910,65110,2478,8139,5529,1639,6959,3508,7738,845
Import Dependency97%97%98%98%98%98%99%99%99%98%98%97%97%96%96%97%98%
('000 BBl)20002001200220032004200520062007200820092010201120122013201420152016
Crude Production1,9531,9531,6261,3221,3141,2281,0759449761,3651,5922,0462,2322,6172,5631,8561,574
Imports73,51374,48672,75377,70879,10077,67284,19181,71476,12974,83763,34967,86264,41670,30166,17163,09962,863
Exports-----------------
Net Imports73,51374,48672,75377,70879,10077,67284,19181,71476,12974,83763,34967,86264,41670,30166,17163,09962,863
Stock Change- 1,664- 1,664- 9958812,242-714- 2,1891,391- 6798489883- 1,466175- 297753
Net Crude Supply73,80274,77473,38479,91182,65678,90085,98080,47078,49675,52364,94870,39767,53171,45268,90964,65865,190
Refinery Supply ('000 BBl)
Refinery Production76,99381,53776,08183,37085,32280,28780,53477,50577,57670,95361,35861,87662,30267,60467,15168,367-
Import17,89614,10719,59319,01224,75430,81333,49861,33164,03855,87458,72158,14861,37962,48759,20360,912-
Export(7,086)(10,726)(7,919)(13,364)(12,067)(13,831)(15,871)(10,259)(10,548)(9,005)(5,031)(4,625)(6,577)(7,267)(4,368)(3,636)-
Net Import10,8103,38111,6745,64812,68816,98317,62751,07253,49046,87053,69053,52354,80255,22154,83457,276-
Others (SC & Intl AVGas/Marine)(5,675)(5,774)(7,283)(8,126)(14,006)(9,762)(11,875)(11,293)(11,150)(9,286)(6,975)(6,130)(5,939)(7,040)(6,637)(5,758)-
Total Supply82,12979,14380,47280,89184,00487,50886,287117,284119,915108,536108,074109,270111,165115,784115,348119,885-
Total Supply (Crude and Refinery)
('000 BBl/d)
20002001200220032004200520062007200820092010201120122013201420152016
Production5.355.354.463.623.603.362.942.592.673.744.365.606.127.177.025.084.31
Net Import231213231228251259279364355333321333327344332330172
Stock Change- 20- 20- 23- 20- 32- 27- 31- 37- 27- 27- 19- 15- 14- 23- 18- 172
Total Supply216198213212223236251329331310306323319328321318179
Import Dependency98%97%98%98%98%99%99%99%99.2%99%99%98%98%98%98%98%98%
Source: IEA 2014
Figure 10. Total Oil Supply (Crude and Petroleum)
Import Dependency
Hong Kong
'000bbl/d
Production
Net Import
Import Dependency
Indonesia
Ktoe20002001200220032004200520062007200820092010201120122013201420152016
Crude Production163,000163,959167,000169,600175,873181,353184,766186,318190,440189,490203,014202,876207,478209,919211429214556199685
Imports70,26560,26069,40691,020122,720126,817145,175163,160178,885203,653237,682253,779271,027281,742308374335483..
Exports-10306-7550-7665-8133-5492-8067-6337-3884- 4,238- 5,073- 3,030- 2,514- 2,432- 1,617-600-2866..
Net Imports59,95952,71061,74182,887117,228118,750138,838159,276174,647198,580234,652251,265268,595280,125307,774332,617-
Stock Change-9129-1297-1052-616-2979788-1111-5244- 10,101- 6,765- 8,900- 14,530- 9,226- 3,334-3757-6238..
Net Crude Supply213,830215,372227,689251,871290,122300,891322,493340,350354,986381,305428,766439,611466,847486,710515,446540,935-
Import Dependency24%24%27%33%39%40%43%45%46%50%53%54%56%57%59%60%0%
('000 BBl)20002001200220032004200520062007200820092010201120122013201420152016
Crude Production1,201,3101,208,3781,230,7901,249,9521,296,1841,336,5721,361,7251,373,1641,403,5431,396,5411,496,2131,495,1961,529,1131,547,1031,558,2321,581,278
Imports517,853444,116511,522670,817904,446934,6411,069,9401,202,4891,318,3821,500,9231,751,7161,870,3511,997,4692,076,4392,272,7162,472,510
Exports- 75,955- 55,644- 56,491- 59,940- 40,476- 59,454- 46,704- 28,625- 31,234- 37,388- 22,331- 18,528- 17,924- 11,917- 4,422- 21,122
Net Imports441,898388,473455,031610,877863,970875,1881,023,2361,173,8641,287,1481,463,5351,729,3851,851,8231,979,5452,064,5212,268,2942,451,387
Stock Change- 67,281- 9,559- 7,753- 4,540- 21,9555,808- 8,188- 38,648- 74,444- 49,858- 65,593- 107,086- 67,996- 24,572- 27,689- 45,974
Net Crude Supply1,575,9271,587,2921,678,0681,856,2892,138,1992,217,5672,376,7732,508,3802,616,2472,810,2183,160,0053,239,9333,440,6623,587,0533,798,8373,986,691
Refinery Supply ('000 BBl)
Refinery Production1,584,6291,606,7091,683,8791,865,9462,149,7432,270,0122,416,0562,572,2222,664,5332,878,5123,203,6053,332,4323,527,6543708605.622383922953.569284138058.787680
Import200,422223,079247,436303,929365,433323,257345,012324,914347,825366,071352,801389,746378,196387972.39944365651.90857448155.819330
Export- 83,020- 93,762- 99,664- 123,791- 107,612- 132,161- 120,333- 142,101- 154,511- 217,095- 231,333- 226,613- 212,182-248352.24158-262367.85243-313627.050640
Net Import117,402129,317147,773180,138257,821191,096224,678182,813193,314148,975121,467163,133166,014139620.15786103284.05614134528.768690
Others (SC & Intl AVGas/Marine)- 58,078- 43,830- 21,761- 38,048- 68,567- 58,020- 91,281- 73,096- 138,034- 186,706- 140,966- 154,426- 200,473-159667.38664-182095.12326-147380.101070
Total Supply1,551,2821,596,5871,712,8871,898,2552,203,4242,289,1252,452,3602,617,5722,719,8142,840,7823,184,1063,341,1393,493,1963688558.39363844142.502164125207.45530
Total Supply (Crude and Refinery)
('000 BBl/d)
20002001200220032004200520062007200820092010201120122013201420152016
Production3,291.263,310.623,372.033,424.533,551.193,661.843,730.753,762.093,845.323,826.144,099.214,096.434,189.354,238.644,269.134,332.27- 01.7%
Net Import1,5321,4191,6522,1673,0732,9213,4193,7174,0564,4185,0715,5205,8786,0396,4977,085-8.3%
Stock Change- 343- 146- 81- 117- 248- 143- 273- 306- 582- 648- 566- 716- 736- 505- 575- 530--1.3%
Total Supply4,4804,5834,9435,4756,3776,4406,8777,1737,3197,5968,6048,9009,3329,77310,19210,887-5.8%
Import Dependency27%28%32%37%44%43%46%48%47%50%52%54%55%57%58%60%
Source: IEA 2014
Figure 4.9 Total Oil Supply (Crude and Petroleum)
Import Dependency
Indonesia
'000bbl/d
Import Dependency
Production
Net Import
Import Dependency
Japan
Ktoe20002001200220032004200520062007200820092010201120122013201420152016
Crude Production-----------------
Imports-----------------
Exports00000000000000000
Net Imports-----------------
Stock Change00000000000000000
Net Crude Supply-----------------
Import Dependency
('000 BBl)20002001200220032004200520062007200820092010201120122013201420152016
Crude Production-----------------
Imports-----------------
Exports-----------------
Net Imports-----------------
Stock Change-----------------
Net Crude Supply-----------------
Refinery Supply ('000 BBl)
Refinery Production---------------
Import108,856105,726110,304112,383128,433120,516129,338134,894122,541147,921162,899143,782134,328135,223125,043143,3280
Export- 11,244- 8,505- 8,145- 9,763- 8,486- 15,576- 11,717- 6,452- 6,235- 5,614- 3,675- 4,720- 5,847- 5,178- 4,604- 5,9880
Net Import97,61297,220102,159102,620119,947104,940117,621128,442116,306142,306159,224139,062128,481130,045120,438137,3400
Others (SC & Intl AVGas/Marine)- 46,545- 49,249- 62,748- 63,025- 90,473- 76,879- 86,681- 94,681- 84,107- 108,559- 128,588- 109,008- 100,362- 105,483- 97,544- 109,9200
Total Supply51,06747,97239,41139,59529,47428,06130,94033,76132,19933,74730,63530,05428,11824,56222,89427,4200
100%100%100%100%100%100%100%100%
Total Supply (Crude and Refinery)
('000 BBl/d)
20002001200220032004200520062007200820092010201120122013201420152016
Production-----------------
Net Import267266280281329288322352319390436381352356330376-
Stock Change- 128- 135- 172- 173- 248- 211- 237- 259- 230- 297- 352- 299- 275- 289- 267- 301-
Total Supply140131108108817785928892848277676375-
Import Dependency100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%
Source: IEA 2014
Figure 5.9 Total Oil Supply (Crude and Petroleum)
Japan
'000bbl/d
Import Dependency
Production
Net Import
Import Dependency
Korea
Ktoe20002001200220032004200520062007200820092010201120122013201420152016
Crude Production70,24666,45761,80056,64953,32152,42949,62247,07348,29246,75446,57544,53342,62440,70238968.14938776.57941524.79
Imports11,07315,62817,18817,88320,55816,37915,63515,65212,85216,21213,99613,41113,28716,38316889.7318921.5930
Exports- 30,189- 32,779- 29,244- 26,524- 24,023- 21,396- 15,050- 18,001- 16,475- 15,939- 15,926- 17,564- 15,610- 15,884-14876.209-15543.6470
Net Imports- 19,115- 17,151- 12,056- 8,641- 3,465- 5,016585- 2,350- 3,623273- 1,930- 4,153- 2,3234992,0143,378-
Stock Change-------221907664266110600345-89.671-141.6390
Net Crude Supply51,13149,30749,74448,00849,85647,41350,20744,94545,57647,69244,91140,48940,90141,54740,89242,01341,525
Import Dependency-37%-35%-24%-18%-7%-11%1%-5%-6%2%-4%-10%-4%2%5%8%0%
('000 BBl)20002001200220032004200520062007200820092010201120122013201420152015
Crude Production517,713489,791455,463417,500392,973386,402365,712346,929355,911344,579343,257328,207314,141299,977287,195285,783306,038
Imports81,611115,180126,678131,800151,513120,715115,233115,35394,723119,483103,14998,83897,922120,745124,477139,452-
Exports- 222,490- 241,580- 215,528- 195,484- 177,047- 157,686- 110,922- 132,671- 121,421- 117,471- 117,373- 129,449- 115,045- 117,065- 109,638- 114,557-
Net Imports- 140,879- 126,400- 88,850- 63,684- 25,534- 36,9714,311- 17,318- 26,6982,013- 14,224- 30,611- 17,1233,68014,84024,895-
Stock Change-------1,6306,6844,8961,9608114,4232,546- 661- 1,044-
Net Crude Supply376,834363,391366,613353,816367,439349,430370,022331,241335,897351,488330,993298,408301,442306,203301,374309,635306,038
Refinery Supply ('000 BBl)
Refinery Production395,394400,790377,672385,752387,884372,801364,997358,410373,818393,782370,905376,170369,401357515.38003386887.09523375669.053820
Import96,14792,368110,495119,633159,870173,418128,081158,008166,031163,946211,453234,460257,350268701.9327260460.59509231661.766860
Export- 68,009- 67,577- 59,203- 68,872- 59,479- 51,889- 35,122- 40,684- 38,248- 37,210- 36,359- 33,417- 27,964-30703.93131-35741.28298-28572.728520
Net Import28,13824,79151,29250,761100,391121,52992,959117,324127,783126,736175,094201,043229,385237998.00139224719.31211203089.038340
Others (SC & Intl AVGas/Marine)- 3,989- 3,957- 4,257- 5,552- 4,742- 5,002- 4,650- 4,361- 9,419- 8,230- 10,673- 6,079- 7,882-3902.97681-6789.06616-7618.442550
Total Supply419,544421,624424,707430,961483,533489,329453,305471,373492,182512,288535,327571,135590,904591610.40461604817.34118571139.649610
Total Supply (Crude and Refinery)
('000 BBl/d)
20002001200220032004200520062007200820092010201120122013201420152016
Production1,418.391,341.891,247.841,143.841,076.641,058.631,001.95950.49975.10944.05940.43899.20860.66821.86786.84782.97838.46
Net Import- 309- 278- 103- 35205232266274277353441467582662656625-
Stock Change- 11- 11- 12- 15- 13- 14- 13- 7- 7- 9- 24- 14- 9- 4- 20- 24-
Total Supply1,0991,0531,1331,0931,2691,2771,2561,2171,2451,2881,3571,3521,4331,4801,4231,384838
Import Dependency-29%-27%-10%-5%15%17%20%22%22%27%31%33%40%44%45%43%0%
Source: IEA 2014
Figure 8. Total Oil Supply (Crude and Petroleum)
Korea
'000bbl/d
Import Dependency
Production
Net Import
Import Dependency
Malaysia
Ktoe20002001200220032004200520062007200820092010201120122013201420152016
Crude Production335290255298296321284289295268253246243229225.798207.967188.692
Imports217,425204,070204,336207,052202,694209,673199,685202,250193,113171,244173,840170,395172,286170,392159978.643160922.977158527.804
Exports00000000000000000
Net Imports217,425204,070204,336207,052202,694209,673199,685202,250193,113171,244173,840170,395172,286170,392159,979160,923158,528
Stock Change-1204.011-77.971-1339.619657.278501.686-279.1511309.599528.2091941,795769- 440565- 6612595.665645.2061568.377
Net Crude Supply216,556204,282203,252208,007203,493209,714201,279203,068193,602173,308174,862170,201173,094169,960162,800161,776160,285
Import Dependency100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%
('000 BBl)20002001200220032004200520062007200820092010201120122013201420152016
Crude Production2,4672,1341,8822,1942,1842,3632,0942,1332,1721,9771,8661,8131,7891,6891,6641,5331,391
Imports1,602,4211,504,0001,505,9601,525,9701,493,8581,545,2881,471,6791,490,5851,423,2431,262,0671,281,2001,255,8131,269,7471,255,7881,179,0431,186,0021,168,350
Exports-----------------
Net Imports1,602,4211,504,0001,505,9601,525,9701,493,8581,545,2881,471,6791,490,5851,423,2431,262,0671,281,2001,255,8131,269,7471,255,7881,179,0431,186,0021,168,350
Stock Change- 8,874- 575- 9,8734,8443,697- 2,0579,6523,8931,43313,2325,664- 3,2464,168- 4,87319,1304,75511,559
Net Crude Supply1,596,0141,505,5591,497,9691,533,0091,499,7401,545,5941,483,4251,496,6111,426,8471,277,2761,288,7301,254,3811,275,7041,252,6041,199,8371,192,2901,181,300
Refinery Supply ('000 BBl)
Refinery Production1,540,0891,506,5811,508,8671,503,2151,485,9951,537,5601,477,1351,491,9541,418,7421,365,7981,357,3251,279,8821,273,9571322852.428661238993.030891257407.685750
Import495,748458,767483,916478,817477,180472,071455,460420,722396,794382,314415,282448,845470,491426967.9901416188.78123405153.839210
Export- 32,905- 35,630- 28,320- 28,887- 33,373- 64,573- 73,083- 107,336- 146,717- 129,082- 132,122- 104,562- 97,449-128280.50267-117995.08727-138317.733060
Net Import462,844423,137455,595449,930443,807407,498382,377313,386250,076253,232283,160344,283373,042298687.48743298193.69396266836.106150
Others (SC & Intl AVGas/Marine)- 102,790- 60,823- 74,821- 86,621- 87,821- 108,606- 92,690- 92,156- 85,414- 56,149- 76,020- 72,174- 91,526-73418.90274-78606.03712-81462.614910
Total Supply1,900,1421,868,8961,889,6411,866,5251,841,9811,836,4521,766,8221,713,1841,583,4051,562,8811,564,4651,551,9911,555,4731548121.013351458580.687731442781.176990
Total Supply (Crude and Refinery)
('000 BBl/d)
20002001200220032004200520062007200820092010201120122013201420152016
Production6.765.855.166.015.986.475.745.845.955.425.114.974.904.634.564.203.81
Net Import5,6585,2805,3745,4135,3095,3505,0804,9424,5844,1524,2864,3844,5014,2594,0473,9803,201
Stock Change- 306- 168- 232- 224- 230- 303- 228- 242- 230- 118- 193- 207- 239- 214- 163- 21032
Total Supply5,3595,1175,1475,1955,0845,0534,8584,7064,3604,0394,0984,1824,2664,0493,8893,7743,236
Import Dependency100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%
Source: IEA 2014
Figure 10. Total Oil Supply (Crude and Petroleum)
Malaysia
'000bbl/d
Production
Net Import
Import Dependency
Mexico
Ktoe20002001200220032004200520062007200820092010201120122013201420152016
Crude Production-----55463221435440374027.53716.31815.298
Imports124,981120,036109,022109,167115,363115,484121,814120,701118,616117,371121,260127,685130,824125,016127543.15141508.257149210.33
Exports00000000120000000
Net Imports124,981120,036109,022109,167115,363115,484121,814120,701118,617117,373121,260127,685130,824125,016127,543141,508149,210
Stock Change136- 1,040133- 1,6661,076935- 1,527900817- 3,134- 57388- 9571,093- 586- 1,328-965.819
Net Crude Supply125,117118,996109,155107,501116,439116,474120,333121,632119,456114,282120,741127,812129,904126,149126,984140,197148,260
Import Dependency100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%
('000 BBl)20002001200220032004200520062007200820092010201120122013201420152016
Crude Production-----406338233158316398293271293203120113
Imports921,112884,664803,494804,562850,224851,118897,766889,565874,201865,024893,684941,038964,173921,367939,9931,042,9161,099,680
Exports--------715-------
Net Imports921,112884,664803,494804,562850,224851,118897,766889,565874,209865,039893,684941,038964,173921,367939,9931,042,9161,099,680
Stock Change1,000- 7,667977- 12,2827,9306,893- 11,2526,6306,021- 23,098- 4,224646- 7,0508,058- 4,322- 9,786- 7,118
Net Crude Supply922,111876,998804,471792,280858,154858,417886,852896,428880,387842,256889,858941,977957,394929,718935,8741,033,2501,092,675
Refinery Supply ('000 BBl)
Refinery Production912,034893,858827,789824,053860,120898,548914,402910,084903,005879,280908,459960,268995,686987395.697989832.464131082473.038480
Import225,190223,239249,744240,252212,525197,706210,338230,632249,490291,939307,358307,961342,424359776.02497353170.61575334930.886260
Export- 311,361- 305,791- 245,979- 216,318- 243,478- 267,517- 293,880- 296,545- 338,111- 335,518- 346,443- 416,388- 449,969-436786.83361-455058.15466-484957.422960
Net Import- 86,171- 82,5523,76523,934- 30,953- 69,811- 83,542- 65,913- 88,621- 43,579- 39,085- 108,427- 107,545-77010.80864-101887.53891-150026.53670
Others (SC & Intl AVGas/Marine)- 78,523- 65,983- 64,464- 74,269- 86,230- 78,824- 101,187- 88,362- 85,186- 84,223- 97,682- 92,067- 86,115-102516.6336-95202.82953-93755.751090
Total Supply747,339745,323767,090773,718742,937749,912729,672755,809729,197751,478771,692759,774802,026807868.25476792742.09569838690.750690
Total Supply (Crude and Refinery)
('000 BBl/d)
20002001200220032004200520062007200820092010201120122013201420152016
Production-----111011111100
Net Import2,2882,1982,2122,2702,2452,1412,2312,2572,1522,2512,3412,2812,3472,3132,2962,4463,013
Stock Change- 212- 202- 174- 237- 215- 197- 308- 224- 217- 294- 279- 250- 255- 259- 273- 284- 20
Total Supply2,0751,9962,0382,0332,0301,9451,9242,0331,9361,9572,0632,0312,0922,0552,0242,1632,994
Import Dependency100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%
Source: IEA 2014
Import Dependency
Figure 10. Total Oil Supply (Crude and Petroleum)
Mexico
'000bbl/d
Import Dependency
Production
Net Import
Import Dependency
New Zealand
Ktoe20002001200220032004200520062007200820092010201120122013201420152016
Crude Production30,83932,85134,83837,02738,04136,12634,38633,96734,19532,74732,16328,32529,11528,57629,54532,44132788.363
Imports7,2188,8907,0837,9217,9548,0318,0479,4538,5195,7187,7609,1049,9959,1019,7808,3790
Exports- 17,254- 18,018- 18,100- 18,748- 19,245- 18,994- 17,262- 16,961- 15,001- 12,244- 17,138- 11,413- 11,998- 10,794- 11,840- 16,0880
Net Imports- 10,037- 9,128- 11,017- 10,827- 11,291- 10,963- 9,214- 7,508- 6,482- 6,526- 9,379- 2,309- 2,003- 1,693- 2,060- 7,708-
Stock Change-153.179246.328-988.416242.188-441.941110.744103.499-155.249145- 76- 337- 1,693966527- 497570
Net Crude Supply20,64923,96922,83326,44226,30825,27425,27526,30427,85826,14522,44724,32328,07827,41026,98824,78932,788
Import Dependency-49%-37%-53%-40%-45%-43%-36%-29%-23%-25%-43%-16%-4%-4%-9%-31%0%
('000 BBl)20002001200220032004200520062007200820092010201120122013201420152016
Crude Production227,280242,109256,755272,888280,363266,251253,421250,339252,018241,345237,039208,753214,577210,606217,747239,089241,650
Imports53,19465,52152,20458,37958,61959,18959,30969,67062,78342,14157,18967,09873,66167,07572,07861,757-
Exports- 127,164- 132,794- 133,396- 138,171- 141,833- 139,987- 127,218- 125,006- 110,559- 90,238- 126,310- 84,113- 88,422- 79,551- 87,263- 118,568-
Net Imports- 73,970- 67,273- 81,192- 79,793- 83,214- 80,798- 67,909- 55,335- 47,776- 48,096- 69,121- 17,015- 14,761- 12,476- 15,185- 56,811-
Stock Change- 1,1291,815- 7,2851,785- 3,257816763- 1,1441,068- 557- 2,487- 12,4797,1173,883- 3,661420-
Net Crude Supply152,181176,652168,277194,880193,892186,270186,275193,860205,310192,692165,431179,259206,932202,012198,902182,698241,650
Refinery Supply ('000 BBl)
Refinery Production182,980198,558190,750191,503191,987194,344203,824226,209236,287228,503204,213211,106247,514216,042203,882209,1380
Import52,19353,29156,29557,62370,37064,22660,93066,21258,46559,59883,25092,537103,347154,015153,656114,9360
Export- 69,247- 72,221- 66,969- 70,901- 67,890- 71,244- 78,451- 66,788- 76,474- 64,998- 67,283- 75,872- 109,782- 89,994- 85,359- 78,0560
Net Import- 17,054- 18,930- 10,674- 13,2782,481- 7,018- 17,521- 576- 18,009- 5,40015,96716,665- 6,43564,02168,29736,8800
Others (SC & Intl AVGas/Marine)- 12,251- 14,770- 12,537- 11,626- 18,618- 13,791- 14,909- 16,744- 17,489- 462- 12,228- 16,971- 14,578- 33,712- 23,565- 16,9830
Total Supply153,675164,858167,539166,599175,849173,535171,393208,889200,789222,641207,952210,800226,502246,351248,614229,0350
Total Supply (Crude and Refinery)
('000 BBl/d)
20002001200220032004200520062007200820092010201120122013201420152016
Production622.69663.31703.44747.64768.12729.46694.30685.86690.46661.22649.42571.93587.88577.00596.57655.04662.06
Net Import- 249- 236- 252- 255- 221- 241- 234- 153- 180- 147- 146- 1- 58141146- 55-
Stock Change- 37- 35- 54- 27- 60- 36- 39- 49- 45- 3- 40- 81- 20- 82- 75- 45-
Total Supply337392397466487453421484465512463490509636667555662
Import Dependency-85%-69%-77%-61%-58%-61%-65%-42%-48%-29%-40%-17%-15%9%11%-18%0%
Source: IEA 2014
Figure 9.9 Total Oil Supply (Crude and Petroleum)
New Zealand
'000bbl/d
Import Dependency
Production
Net Import
Import Dependency
Peru
Ktoe20002001200220032004200520062007200820092010201120122013201420152016
Crude Production157,920162,454166,491181,214185,374185,014178,024168,043158,181146,732144,975142,890142,422139,529134435.57121586.809115852.533
Imports--------------000
Exports- 92,499- 92,680- 97,168- 107,430- 109,365- 105,790- 103,446- 93,568- 80,992- 70,559- 77,691- 76,142- 71,307- 67,271-64096.684-62281.011-63810.706
Net Imports- 92,499- 92,680- 97,168- 107,430- 109,365- 105,790- 103,446- 93,568- 80,992- 70,559- 77,691- 76,142- 71,307- 67,271- 64,097- 62,281- 63,811
Stock Change- 9206268475- 527- 78311- 234- 66545552501- 288- 438-756.436367.875-170.428
Net Crude Supply64,50069,78069,59174,25975,48279,14674,88974,24176,52476,62767,33767,24970,82771,82069,58259,67451,871
Import Dependency-145%-133%-139%-144%-146%-134%-138%-126%-107%-91%-115%-112%-101%-94%-93%-104%-123%
('000 BBl)20002001200220032004200520062007200820092010201120122013201420152016
Crude Production1,163,8681,197,2871,227,0401,335,5481,366,2071,363,5511,312,0391,238,4771,165,7911,081,4111,068,4691,053,0981,049,6471,028,332990,790896,095853,833
Imports-----------------
Exports- 681,720- 683,053- 716,126- 791,762- 806,022- 779,671- 762,395- 689,595- 596,909- 520,021- 572,582- 561,167- 525,534- 495,788- 472,393- 459,011- 470,285
Net Imports- 681,720- 683,053- 716,126- 791,762- 806,022- 779,671- 762,395- 689,595- 596,909- 520,021- 572,582- 561,167- 525,534- 495,788- 472,393- 459,011- 470,285
Stock Change- 6,779441,9743,501- 3,885- 5762,292- 1,725- 4,9033,3543843,693- 2,120- 3,231- 5,5752,711- 1,256
Net Crude Supply475,368514,278512,888547,288556,299583,303551,935547,157563,979564,744496,271495,624521,993529,312512,823439,795382,292
Refinery Supply ('000 BBl)
Refinery Production656,880667,568674,286704,155711,492696,221697,857675,667659,697679,289615,637581,981589,899603638.26354576361.58152524934.485330
Import174,026152,447140,334118,424128,337159,105180,133203,536225,138205,739248,692269,234266,521238773.8119251929.02259290692.123810
Export- 37,083- 36,455- 42,395- 38,546- 35,003- 42,390- 50,468- 46,980- 52,499- 74,828- 70,821- 67,622- 55,212-66302.99529-72606.8805-70956.444170
Net Import136,943115,99297,93979,87893,335116,716129,665156,556172,639130,912177,872201,613211,309172470.81661179322.14209219735.679640
Others (SC & Intl AVGas/Marine)- 34,108- 29,991- 28,539- 26,231- 27,017- 31,304- 30,778- 36,946- 33,191- 24,330- 27,732- 32,407- 30,663-27931.31396-30614.35949-29716.550190
Total Supply759,716753,569743,687757,801777,809781,633796,744795,277799,145785,870765,777751,187770,546748177.76619725069.36412714953.614780
Total Supply (Crude and Refinery)
('000 BBl/d)
20002001200220032004200520062007200820092010201120122013201420152016
Production3,188.683,280.243,361.753,659.043,743.033,735.763,594.633,393.093,193.952,962.772,927.312,885.202,875.752,817.352,714.492,455.052,339.27
Net Import- 1,493- 1,554- 1,694- 1,950- 1,953- 1,816- 1,734- 1,460- 1,162- 1,066- 1,081- 985- 861- 886- 803- 656- 1,288
Stock Change- 112- 82- 73- 62- 85- 87- 78- 106- 104- 57- 75- 79- 90- 85- 99- 74- 3
Total Supply1,5841,6451,5951,6461,7061,8321,7831,8271,9271,8391,7711,8211,9251,8461,8121,7261,047
Import Dependency-101%-99%-111%-122%-119%-104%-102%-86%-66%-61%-65%-58%-49%-53%-50%-42%-123%
Source: IEA 2014
Figure 10.9 Total Oil Supply (Crude and Petroleum)
Peru
'000bbl/d
Import Dependency
Production
Net Import
Import Dependency
Philippines
Ktoe20002001200220032004200520062007200820092010201120122013201420152016
Crude Production1,6811,5751,4281,1119608868781,9592,8392,6832,5752,2051,9251,6511838.8251934.9511631.573
Imports4,5014,2394,5464,8154,4484,5174,6124,4324,7204,6375,0335,2685,4755,3275060.985230.2685487.595
Exports- 1,263- 1,316- 1,128- 929- 742- 636- 680- 1,664- 2,653- 2,370- 2,449- 2,129- 1,831- 1,517-1742.722-1794.168-1629.45
Net Imports3,2382,9233,4183,8863,7063,8823,9322,7692,0672,2672,5843,1393,6443,8103,3183,4363,858
Stock Change2511853- 14245- 5291- 10049- 58- 3957153- 71-24.67145.226-11.33
Net Crude Supply4,9444,6164,9004,8544,7114,7164,9024,6274,9564,8925,1205,4015,7225,3905,1325,5165,478
Import Dependency66.0%65.9%70.9%77.1%79.6%81.2%82.1%57.7%42.7%45.1%49.7%59.2%66.4%69.4%64.2%64.9%70.2%
('000 BBl)20002001200220032004200520062007200820092010201120122013201420152016
Crude Production12,39111,61010,5268,1867,0736,5276,47214,43920,92419,77718,97516,24814,19012,16513,55214,26112,025
Imports33,17431,24533,50635,48732,78533,29433,99432,66734,78934,17537,09438,82640,34739,26137,29938,54740,444
Exports- 9,307- 9,699- 8,313- 6,847- 5,469- 4,685- 5,012- 12,263- 19,554- 17,470- 18,046- 15,691- 13,491- 11,180- 12,844- 13,223- 12,009
Net Imports23,86721,54525,19328,64127,31628,60928,98220,40415,23516,70519,04823,13526,85628,08124,45625,32428,435
Stock Change181867392- 1,050331- 381670- 740364- 427- 2904191,125- 525- 1821,070- 84
Net Crude Supply36,43934,02336,11135,77734,72034,75536,12434,10336,52336,05537,73239,80342,17139,72137,82640,65540,376
Refinery Supply ('000 BBl)
Refinery Production43,48843,34245,75343,97243,66644,38542,99240,82542,72641,62543,64345,19047,06545384.003744703.652547977.370930
Import9,67010,63610,97412,42917,34815,89716,65619,97718,33818,07314,48915,41414,94117,17218,39517233.009790
Export- 1,897- 1,496- 1,930- 841- 746- 1,318- 669- 845- 1,453- 1,407- 961- 2,141- 2,229-2122.998-2185.52835-1545.316010
Net Import7,7739,1409,04411,58916,60314,57915,98719,13216,88616,66613,52813,27312,71215048.7518816209.6186815687.693780
Others (SC & Intl AVGas/Marine)- 5,432- 7,058- 7,723- 5,851- 9,188- 6,935- 8,005- 8,492- 8,501- 7,835- 7,457- 9,076- 8,503-9429.8837-8339.49777-8866.86070
Total Supply45,82945,42447,07349,71051,08052,02950,97351,46651,11150,45649,71449,38751,27451,00352573.7734154798.204010
Total Supply (Crude and Refinery)
('000 BBl/d)
20002001200220032004200520062007200820092010201120122013201420152016
Production33.9531.8128.8422.4319.3817.8817.7339.5657.3354.1851.9944.5238.8833.3337.1339.0732.94-5.3%
Net Import878494110120118123108889189100108118111112-3.6%
Stock Change- 14- 17- 20- 19- 24- 20- 20- 25- 22- 23- 21- 24- 20- 27- 23- 21--0.6%
Total Supply10699103114115116121123123123120121127124125130-0.8%
Import Dependency68%68%72%80%83%85%85%68%53%56%57%63%69%73%70%70%0%3.9%
Source: IEA 2014
Figure 11.8 Total Oil Supply (Crude and Petroleum)
Philippines
'000bbl/d
Import Dependency
Production
Net Import
Import Dependency
PNG
Ktoe20002001200220032004200520062007200820092010201120122013201420152016
Crude Production5,1215,0014,7844,9204,5454,8404,9904,9275,0615,4695,6165,4165,2895,4435664.4784731.2893263.099
Imports3089.473742.0053727.9074209.2524192.1334842.6545113.5375568.74,9105,0284,8054,7504,5824,2874212.2734333.1130
Exports-687.129-944.42-1082.254-1459.001-841.3-651.395-1204.774-1383.448- 912- 964- 956- 822- 788- 741-783.103-402.2720
Net Imports2,4022,7982,6462,7503,3514,1913,9094,1853,9984,0643,8503,9283,7943,5463,4293,931-
Stock Change36207180- 155- 8085- 181- 53- 1344586- 78180- 86-78.617308.340
Net Crude Supply7,5598,0067,6107,5157,8179,1168,7189,0598,9269,5799,5529,2679,2628,9039,0158,9703,263
Import Dependency32%38%37%35%42%47%43%46%43%43%41%42%43%39%37%47%0%
('000 BBl)20002001200220032004200520062007200820092010201120122013201420152016
Crude Production37,74436,85635,26136,26233,50035,66736,77336,31437,30040,31041,39439,91938,97840,11441,74734,87024,049
Imports22,76927,57927,47531,02230,89635,69037,68741,04136,18837,05635,41635,00833,76831,59431,04431,935-
Exports- 5,064- 6,960- 7,976- 10,753- 6,200- 4,801- 8,879- 10,196- 6,720- 7,103- 7,043- 6,057- 5,809- 5,463- 5,771- 2,965-
Net Imports17,70520,61819,49820,26924,69630,89028,80830,84529,46829,95328,37328,95027,95926,13125,27328,970-
Stock Change2631,5281,324- 1,144- 587625- 1,332- 391- 986331632- 5721,324- 632- 5792,272-
Net Crude Supply55,71359,00256,08455,38757,60967,18164,24966,76865,78270,59470,39868,29768,26265,61366,44166,11224,049
Refinery Supply ('000 BBl)
Refinery Production58,89361,60961,56560,79166,24675,34277,86780,07282,04589,72496,216101,984106,368112187.84836111640.9146298205.645380
Import13,76010,30411,44214,89214,2148,9957,63110,27814,5889,00014,29718,09621,22723912.725120012.9900324813.543830
Export- 9,256- 12,551- 12,226- 13,227- 14,999- 22,017- 16,124- 19,205- 21,946- 26,103- 31,707- 27,574- 32,948-32337.35159-25299.80355-23602.334920
Net Import4,504- 2,247- 7841,665- 785- 13,023- 8,493- 8,927- 7,358- 17,103- 17,410- 9,478- 11,722-8424.62649-5286.813521211.208910
Others (SC & Intl AVGas/Marine)- 5,159- 5,249- 5,184- 8,887- 5,126- 6,428- 13,556- 15,701- 10,143- 4,930- 10,722- 19,741- 9,998-12020.01514-17545.1235-11966.113420
Total Supply58,23854,11355,59753,56860,33555,89155,81955,44464,54467,69268,08372,76584,64991743.2067388808.977687450.740870
Total Supply (Crude and Refinery)
('000 BBl/d)
20002001200220032004200520062007200820092010201120122013201420152016
Production103.41100.9896.6199.3591.7897.72100.7599.49102.19110.44113.41109.37106.79109.90114.3895.5365.89-1.0%
Net Import61505160664956606135305344495583-4.5%
Stock Change- 13- 10- 11- 27- 16- 16- 41- 44- 30- 13- 28- 56- 24- 35- 50- 27--2.0%
Total Supply151141137132142131116115132133116107128124119152662.0%
Import Dependency31%28%30%25%35%25%13%14%23%17%2%-2%16%11%4%37%0%7.2%
Source: IEA 2014
Figure 12.9 Total Oil Supply (Crude and Petroleum)
PNG
'000bbl/d
Import Dependency
Production
Net Import
Import Dependency
Russia
Ktoe20002001200220032004200520062007200820092010201120122013201420152016
Crude Production561067246796167847198048841,125982904774747900.381760.718760.718
Imports15,39815,10212,71912,3739,90010,55110,60410,0529,2826,7299,0169,3358,7147,5528717.54710470.7640
Exports-- 42- 451- 659- 597- 756- 694- 780- 821- 991- 922- 920- 742- 680-866.703-764.680
Net Imports15,39815,06112,26911,7149,3039,7959,9109,2728,4615,7388,0948,4147,9726,8717,8519,706-
Stock Change34- 30711523635168- 81317- 348421- 122- 113108- 51-538.842-35.6590
Net Crude Supply15,48814,86013,10812,6289,95410,74810,54810,3948,9977,2848,9539,2068,8537,5688,21210,431761
Import Dependency100%99%94%95%94%93%93%92%90%85%89%90%91%90%89%93%0%
('000 BBl)20002001200220032004200520062007200820092010201120122013201420152016
Crude Production4167815,3365,0014,5415,7825,3005,9286,5128,2937,2346,6655,7015,5046,6365,6065,606
Imports113,480111,30593,74191,18672,96577,76178,15574,08268,40949,59066,44668,79664,21955,65664,24877,170-
Exports-- 307- 3,322- 4,855- 4,402- 5,570- 5,117- 5,745- 6,052- 7,300- 6,796- 6,782- 5,468- 5,015- 6,388- 5,636-
Net Imports113,480110,99890,41986,33168,56372,19173,03868,33662,35842,29059,64962,01458,75150,64157,86171,534-
Stock Change248- 2,2638471,7372561,241- 5992,336- 2,5623,103- 898- 832796- 372- 3,971- 263-
Net Crude Supply114,145109,51696,60293,06973,35979,21477,73976,60066,30753,68565,98667,84765,24855,77360,52576,8785,606
Refinery Supply ('000 BBl)
Refinery Production113,065107,57692,86889,77770,84275,67575,24874,24467,47855,11465,30769,29962,17357,77661,02778,8000
Import25,88925,13935,09838,27054,43342,25542,12946,82449,46259,26455,45647,30956,08263,67271,19380,0870
Export- 14,133- 11,103- 11,586- 11,826- 6,759- 8,919- 11,387- 12,348- 10,744- 8,018- 7,386- 8,543- 5,072- 5,067- 5,456- 10,7880
Net Import11,75614,03623,51226,44447,67433,33730,74234,47638,71851,24648,06938,76651,01058,60665,73769,2990
Others (SC & Intl AVGas/Marine)- 4,726- 7,455- 4,318- 5,974- 11,430- 5,573- 6,601- 10,138- 4,663- 10,387- 9,770- 8,501- 10,252- 8,072- 10,139- 10,4050
Total Supply120,095114,158112,062110,247107,086103,43999,38998,583101,53295,973103,60599,563102,931108,310116,625137,6940
Total Supply (Crude and Refinery)
('000 BBl/d)
20002001200220032004200520062007200820092010201120122013201420152016
Production1.142.1414.6213.7012.4415.8414.5216.2417.8422.7219.8218.2615.6215.0818.1815.3615.36
Net Import343343312309318289284282277256295276301299339386-
Stock Change- 12- 27- 10- 12- 31- 12- 20- 21- 20- 20- 29- 26- 26- 23- 39- 29-
Total Supply332318317311300293279277275259286269290291318372154.4%
Import Dependency100%99%95%96%96%95%95%94%94%91%93%93%95%95%94%96%0%
Source: IEA 2014
Figure 14.9 Total Oil Supply (Crude and Petroleum)
Russia
'000bbl/d
Import Dependency
Production
Net Import
Import Dependency
[]
[]
Singapore
Ktoe200020012002200320042005200620072008200920102011201220132014
Crude Production3651305725522427213424622867198720722018886886756783803
Imports000013091799377887075399398211111,2741115
Exports-3651-3057-2552-2427-2035-2344-2482-1487-2044-1943-886-886-755- 781-787
Net Imports- 3,651- 3,057- 2,552- 2,427- 1,905- 1,427- 1,489- 709- 1,174- 1,19010796356493328
Stock Change00002340-294-454-7169-25-13-4462-68
Net Crude Supply----4631,0351,0848248278979689691,0681,3381,063
Import Dependency0%0%0%0%-361%-138%-164%-141%-151%-125%8%9%29%41%24%
('000 BBl)200020012002200320042005200620072008200920102011201220132014
Crude Production26,90822,53018,80817,88715,72818,14521,13014,64415,27114,8736,5306,5305,5725,7715,918
Imports----9586,7587,3185,7346,4125,5507,3187,2378,1889,3898,218
Exports- 26,908- 22,530- 18,808- 17,887- 14,998- 17,275- 18,292- 10,959- 15,064- 14,320- 6,530- 6,530- 5,564- 5,756- 5,800
Net Imports- 26,908- 22,530- 18,808- 17,887- 14,040- 10,517- 10,974- 5,225- 8,652- 8,7707897082,6243,6332,417
Stock Change----1,725-- 2,167- 3,346- 523509- 184- 96- 324457- 501
Net Crude Supply----3,4127,6287,9896,0736,0956,6117,1347,1427,8719,8617,834
Refinery Supply ('000 BBl)
Refinery Production----3,4307,9808,3596,1076,2296,3757,1457,2108,3169884.497604.68
Import-----819072- 201- 179- 310- 234- 54-472.96-161.3
Export----3,4307,8998,2706,0356,4306,5547,4557,4448,37110357.457765.98
Net Import6,7897,9619,3659,8569,1235,9805,8196,5505,6156,3454,9936,2838,1982811.026041.4
Others (SC & Intl AVGas/Marine)----- 2,272- 3,409- 3,444- 1,448----- 2,42600
Total Supply6,7897,9619,3659,8566,8512,5722,3755,1025,6156,3454,9936,2835,7722811.026041.4
Total Supply (Crude and Refinery)
('000 BBl/d)
200020012002200320042005200620072008200920102011201220132014
Production73.7261.7351.5349.0143.0949.7157.8940.1241.8440.7517.8917.8915.2615.8116.21-14.6%
Net Import- 55- 40- 26- 22- 13- 12- 144- 8- 71619301823
Stock Change----- 1- 9- 15- 13- 11- 1- 0- 81- 1
Total Supply192226272828283132353337373538
Import Dependency-296%-183%-101%-81%-53%-78%-104%-31%-30%-15%46%51%59%54%57%
Source: IEA 2014
Figure 15.9 Total Oil Supply (Crude and Petroleum)
Singapore
'000bbl/d
Import Dependency
Production
Net Import
Import Dependency
Chinese Taipei
Ktoe20002001200220032004200520062007200820092010201120122013201420152016
Crude Production312820.807336378.822366407.979406862.922442282.856451419.237460041.063470511.068471813.538479088.674487106.499494392.69499908.086499966.375505603.375512777.007524497.222
Imports5921.4125143.5486263.1095765.6384230.0112438.112331.5812706.4432468.261792.9060000759.7742876.287
Exports-145134.897-162918.229-189325.395-228993.43-258910.028-253847.884-249685.207-259869.795-244311.516-250141.474-244474.325-245710.465-237897.658-234852.532-223958.42-245741.619
Net Imports- 139,213- 157,775- 183,062- 223,228- 254,680- 251,410- 247,354- 257,163- 241,843- 248,349- 244,474- 245,710- 237,898- 234,853- 223,199- 242,865-
Stock Change-236.173-913.538-1016.0471213.025-1387.894-458.276-2148.673-697.464-2156.713-1635.122-2455.195505.511496.466-1449.198-4679.242-2273.292
Net Crude Supply173,371177,691182,330184,848186,215199,551210,539212,650227,814229,105240,177249,188262,507263,665277,725267,638524,497
Import Dependency-80%-89%-101%-120%-138%-126%-119%-121%-107%-109%-103%-98%-90%-90%-82%-92%0%
('000 BBl)20002001200220032004200520062007200820092010201120122013201420152016
Crude Production2,305,4892,479,1122,700,4272,998,5803,259,6253,326,9603,390,5033,467,6673,477,2663,530,8843,589,9753,643,6743,684,3233,684,7523,726,2973,779,1673,865,545
Imports43,64137,90846,15942,49331,17517,96917,18419,94618,19113,214----5,60021,198-
Exports- 1,069,644- 1,200,707- 1,395,328- 1,687,682- 1,908,167- 1,870,859- 1,840,180- 1,915,240- 1,800,576- 1,843,543- 1,801,776- 1,810,886- 1,753,306- 1,730,863- 1,650,574- 1,811,116-
Net Imports- 1,026,003- 1,162,799- 1,349,169- 1,645,189- 1,876,992- 1,852,890- 1,822,996- 1,895,294- 1,782,385- 1,830,329- 1,801,776- 1,810,886- 1,753,306- 1,730,863- 1,644,974- 1,789,917-
Stock Change- 1,741- 6,733- 7,4888,940- 10,229- 3,377- 15,836- 5,140- 15,895- 12,051- 18,0953,7263,659- 10,681- 34,486- 16,754-
Net Crude Supply1,277,7451,309,5801,343,7691,362,3311,372,4041,470,6921,551,6711,567,2321,678,9861,688,5041,770,1041,836,5141,934,6761,943,2082,046,8371,972,4953,865,545
Refinery Supply ('000 BBl)
Refinery Production1,242,1911,288,3511,346,6321,372,9131,413,5351,501,1011,588,4751,667,1171,725,1621,724,1031,872,9011,885,4591,933,1982065628.803282199792.495722180625.681170
Import2,5002,01866274,8452133562747,9976,06020,51131,19212,54813694.7604817377.5950215015.10570
Export- 389,905- 402,909- 478,812- 479,998- 513,069- 601,542- 630,180- 676,300- 693,894- 725,602- 795,608- 750,127- 768,814-847419.64683-837783.3291-835945.548240
Net Import- 387,405- 400,891- 478,746- 479,971- 508,224- 601,329- 629,824- 676,026- 685,898- 719,542- 775,097- 718,936- 756,265-833724.88635-820405.73408-820930.442540
Others (SC & Intl AVGas/Marine)- 36,039- 33,241- 32,517- 37,255- 37,986- 33,423- 57,578- 43,926- 40,679- 43,472- 66,745- 75,051- 69,181-87784.19124-149468.78972-143586.406760
Total Supply818,747854,220835,370855,687867,326866,349901,073947,166998,585961,0881,031,0591,091,4731,107,7511144119.725691229917.971921216108.831870
Total Supply (Crude and Refinery)
('000 BBl/d)
20002001200220032004200520062007200820092010201120122013201420152016
Production6,316.416,792.097,398.438,215.298,930.489,114.969,289.059,500.469,526.769,673.659,835.559,982.6710,094.0310,095.2110,209.0310,353.8810,590.53
Net Import- 3,872- 4,284- 5,008- 5,822- 6,535- 6,724- 6,720- 7,045- 6,762- 6,986- 7,060- 6,931- 6,876- 7,026- 6,754- 7,153-
Stock Change- 104- 110- 110- 78- 132- 101- 201- 134- 155- 152- 232- 195- 180- 270- 504- 439-
Total Supply2,3412,3982,2812,3152,2642,2902,3682,3212,6092,5362,5432,8563,0392,7992,9512,76210,591
Import Dependency-170%-183%-224%-255%-295%-298%-292%-309%-265%-282%-287%-250%-232%-261%-246%-275%0%
Source: IEA 2014
Figure 13.8 Total Oil Supply (Crude and Petroleum)
Chinese Taipei
'000bbl/d
Import Dependency
Production
Net Import
Import Dependency
Thailand
Ktoe20002001200220032004200520062007200820092010201120122013201420152016
Crude Production00000000------000
Imports42,66841,63341,47347,58556,44359,78058,45058,98159,00142,43547,31649,65849,31445,66842393.90339950.003
Exports-- 6-- 1- 1- 169- 195- 96- 6- 592- 479- 481- 484- 566-584.455-753.774
Net Imports42,66841,62741,47347,58456,44259,61058,25558,88558,99541,84346,83749,17748,82945,10241,80939,196-
Stock Change---------- 459- 5529159- 372-156.059-156.059
Net Crude Supply42,66841,62741,47347,58456,44259,61058,25558,88558,99541,38446,78249,46848,88844,73041,65339,040-
Import Dependency100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%
('000 BBl)20002001200220032004200520062007200820092010201120122013201420152016
Crude Production--------------
Imports314,465306,835305,655350,699415,987440,576430,773434,690434,840312,744348,722365,982363,441336,574312,443294,432-
Exports-- 45-- 8- 8- 1,248- 1,436- 707- 45- 4,360- 3,533- 3,548- 3,571- 4,172- 4,307- 5,555-
Net Imports314,465306,790305,655350,691415,979439,328429,338433,983434,795308,384345,189362,433359,870332,402308,136288,876-
Stock Change---------- 3,383- 4062,142436- 2,744- 1,150- 1,150-
Net Crude Supply314,465306,790305,655350,691415,979439,328429,338433,983434,795305,001344,783364,576360,306329,658306,985287,726-
Refinery Supply ('000 BBl)
Refinery Production321,023299,110305,182361,232424,377454,979449,380465,260457,327301,806334,326357,974359,249332409.0365306297.7776286285.92099
Import274,951301,321319,865323,645365,183352,445408,847453,867545,245688,671742,664787,764721,436739450.28222778311.38553857974.25068
Export- 320,551- 316,368- 341,948- 368,902- 408,109- 483,025- 502,050- 538,888- 586,696- 618,992- 659,203- 699,927- 629,574-628227.15683-640905.74319-677923.48972
Net Import- 45,600- 15,048- 22,082- 45,256- 42,927- 130,580- 93,203- 85,022- 41,45169,67883,46187,83791,862111223.12539137405.64234180050.76096
Others (SC & Intl AVGas/Marine)- 155,113- 162,807- 160,693- 160,111- 194,355- 199,743- 218,798- 249,252- 271,602- 285,474- 303,406- 322,439- 332,796-328195.0064-330233.61884-355952.589
Total Supply120,309121,255122,406155,864187,095124,656137,380130,987144,27586,010114,381123,372118,315115437.15549113469.8011110384.09295
Total Supply (Crude and Refinery)
('000 BBl/d)
20002001200220032004200520062007200820092010201120122013201420152016
Production-----------------
Net Import7377997778371,0228469219561,0781,0361,1741,2341,2381,2151,2211,285-
Stock Change- 425- 446- 440- 439- 532- 547- 599- 683- 744- 791- 832- 878- 911- 907- 908- 978-
Total Supply312353337398490299321273334244342356327309313306-
Import Dependency100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%
Source: IEA 2014
Figure 16.8 Total Oil Supply (Crude and Petroleum)
Thailand
20082008
20092009
20102010
20112011
20122012
20132013
20142014
20152015
'000bbl/d
Import Dependency
Production
Net Import
Import Dependency
Figure 17.9 Total Oil Supply (Crude and Petroleum)
US based on comments
Ktoe20002001200220032004200520062007200820092010201120122013201420152016
Crude Production33.39637.44446.55241.49240.4829.34821.25216.19215.1814.16813.15610.1210.129.1088.0968.0968.096
Imports39,33940,41441,64547,19053,30855,30952,90152,42148291.15447994.64146304.61742005.68446769.12144240.15845606.34444457.736
Exports--------00000000
Net Imports39,33940,41441,64547,19053,30855,30952,90152,42148,29147,99546,30542,00646,76944,24045,60644,458-
Stock Change- 768- 14967- 236- 273- 307- 298234-647.674355.209-158.882738.753466.527484.743-830.844-226.686
Net Crude Supply38,60440,30341,75946,99653,07555,03252,62452,67147,65948,36446,15942,75547,24644,73444,78444,2398
Import Dependency100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%0%
('000 BBl)20002001200220032004200520062007200820092010201120122013201420152016
Crude Production24627634330629821615711911210497757567606060
Imports289,929297,850306,927347,791392,877407,630389,879386,343355,906353,721341,265309,582344,688326,050336,119327,654-
Exports-----------------
Net Imports289,929297,850306,927347,791392,877407,630389,879386,343355,906353,721341,265309,582344,688326,050336,119327,654-
Stock Change- 5,661- 1,096492- 1,738- 2,014- 2,260- 2,1931,723- 4,7732,618- 1,1715,4453,4383,573- 6,123- 1,671-
Net Crude Supply284,514297,029307,762346,359391,162405,586387,843388,186351,244356,443340,191315,101348,201329,690330,055326,04360
Refinery Supply ('000 BBl)
Refinery Production283,349301,311312,674355,279395,923417,494405,082401,437373,665388,857360,893328,669363,529349234.93616343722.92103346721.373190
Import68,00981,02778,59378,13982,74675,18895,931131,477131,401126,627152,198131,629119,667145967.46572162115.38732160254.500770
Export- 17,528- 34,069- 47,934- 77,509- 103,798- 120,531- 116,153- 138,421- 135,573- 148,138- 123,733- 103,397- 126,738-133005.31418-131896.4219-128014.337760
Net Import50,48146,95830,659630- 21,051- 45,343- 20,221- 6,944- 4,172- 21,51028,46528,232- 7,07112962.1515430218.9654232240.163010
Others (SC & Intl AVGas/Marine)- 45,069- 30,969- 28,999- 29,550- 36,080- 32,279- 41,120- 31,105- 21,678- 23,970- 28,088- 24,192- 28,314-20221.77179-28440.68201-25798.962890
Total Supply288,760317,300314,334326,359338,792339,872343,741363,387347,814343,377361,270332,710328,145341975.31591345501.20444353162.573310
Total Supply (Crude and Refinery)
('000 BBl/d)
20002001200220032004200520062007200820092010201120122013201420152016
Production0.670.760.940.840.820.590.430.330.310.290.270.200.200.180.160.160.16
Net Import9339459259551,0199931,0131,0399649101,0139269259291,004986-
Stock Change- 139- 88- 78- 86- 104- 95- 119- 81- 72- 58- 80- 51- 68- 46- 95- 75-
Total Supply7948588488709158998959598918529338748578839099110
Import Dependency100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%0%
US based on comments
'000bbl/d
Production
Net Import
Import Dependency
Vietnam
Ktoe20002001200220032004200520062007200820092010201120122013201420152016
Crude Production5,3815,5346,5208,0217,7899,25410,39510,83711,85612,03212,55111,55712,50012,42811762.72712532.25113037.535
Imports31,67933,44036,68639,06943,92641,67941,76040,20540,88141,98442,74341,80045,06045,04841879.05944889.582
Exports- 442- 1,715- 2,708- 3,054- 2,852- 3,303- 3,347- 2,620- 2,409- 2,159- 1,485- 1,651- 2,191- 1,371-336.856-39.333
Net Imports31,23831,72433,97836,01541,07438,37638,41337,58538,47139,82541,25940,14942,86943,67741,54244,850-
Stock Change6567311,6501,9271,3281,4281,3321,531- 117495- 231,1932304,1964267.1784883.402
Net Crude Supply37,27437,98942,14845,96450,19249,05950,14049,95350,21052,35253,78752,89955,59960,30157,57262,26613,038
Import Dependency86%85%85%83%84%81%79%78%76%77%77%78%78%79%80%80%0%
('000 BBl)20002001200220032004200520062007200820092010201120122013201420152016
Crude Production39,65940,78548,05459,11557,40568,20576,61279,86887,37588,67692,50485,17592,12591,59786,69192,36396,087
Imports233,477246,450270,376287,940323,738307,177307,772296,310301,290309,422315,019308,069332,092332,003308,649330,836-
Exports- 3,256- 12,642- 19,958- 22,507- 21,021- 24,343- 24,670- 19,311- 17,757- 15,914- 10,941- 12,168- 16,145- 10,101- 2,483- 290-
Net Imports230,221233,807250,418265,433302,717282,834283,101276,999283,532293,508304,077295,901315,948321,902306,166330,546-
Stock Change4,8325,38712,16014,2049,78910,5259,81911,283- 8623,650- 1718,7931,69530,92131,44935,991-
Net Crude Supply274,712279,979310,633338,752369,912361,564369,533368,150370,045385,833396,410389,869409,767444,420424,306458,90096,087
Refinery Supply ('000 BBl)
Refinery Production320,735333,157360,799389,602426,225421,438441,634441,443447,581472,795489,667502,897536,472559622.25172541517.27758577524.925730
Import8,3613,0556,3536,42611,00113,8059,5805,9338,74913,62123,00722,26928,40450976.1059468153.4966656216.165370
Export- 39,896- 45,973- 45,199- 40,838- 45,990- 47,360- 55,006- 50,068- 72,502- 83,313- 82,937- 72,425- 87,961-96022.86575-90860.40811-105879.43980
Net Import- 31,535- 42,918- 38,846- 34,412- 34,988- 33,555- 45,426- 44,135- 63,753- 69,692- 59,929- 50,155- 59,556-45046.75981-22706.91145-49663.274430
Others (SC & Intl AVGas/Marine)- 32,874- 33,093- 31,465- 35,901- 40,647- 41,757- 42,334- 45,550- 40,992- 37,460- 36,722- 31,615- 32,090-37991.865-41512.77214-59813.48260
Total Supply256,327257,146290,488319,289350,589346,126353,875351,758342,836365,644393,016421,126444,826476583.62691477297.59399468048.16870
Total Supply (Crude and Refinery)
('000 BBl/d)
20002001200220032004200520062007200820092010201120122013201420152016
Production108.66111.74131.66161.96157.27186.86209.90218.82239.38242.95253.44233.36252.40250.95237.51253.05263.25
Net Import544523580633734683651638602613669673702759777770-
Stock Change- 77- 76- 53- 59- 85- 86- 89- 94- 115- 93- 101- 63- 83- 19- 28- 65-
Total Supply576559658735806784772763727764821844872990987957263
Import Dependency81%80%80%78%80%76%73%71%67%68%69%72%71%75%76%74%0%
Source: IEA 2014
Figure 18.9 Total Oil Supply (Crude and Petroleum)
Import Dependency
Vietnam
'000bbl/d
Import Dependency
Production
Net Import
Import Dependency
Ktoe20002001200220032004200520062007200820092010201120122013201420152016
Crude Production297,513295,671292,824289,518276,931263,918260,030258,102252,986273,202279,225288,542330,942379,906443927.42473966.275447982.504
Imports496,344508,378497,017530,247555,521553,935553,296549,154537,106492,283501,256483,811447,563400,004376142.306379721.665407374.534
Exports- 2,636- 1,061- 473- 652- 1,403- 1,714- 1,293- 1,437- 1,502- 2,232- 2,122- 2,395- 3,448- 6,837-17905.557-23267.815-26079.672
Net Imports493,709507,317496,543529,595554,118552,221552,004547,716535,603490,052499,133481,416444,115393,167358,237356,454381,295
Stock Change3,354- 3,769- 3,191- 4,958- 6,422- 4,8211,366609- 3,425- 3,520- 6994,514- 3,761799-3245.732-11499.784-4226.793
Net Crude Supply794,575799,218786,177814,156824,626811,318813,400806,427785,165759,734777,659774,472771,296773,872798,918818,920825,051
Import Dependency63%63%63%64%66%67%68%68%68%64%64%63%57%51%44%42%46%
('000 BBl)20002001200220032004200520062007200820092010201120122013201420152016
Crude Production2,192,6702,179,0922,158,1122,133,7512,040,9831,945,0771,916,4211,902,2111,824,6961,952,4462,001,1132,059,7562,371,0102,799,9073,271,7453,493,1313,301,631
Imports3,658,0583,746,7443,663,0123,907,9214,094,1884,082,5024,077,7944,047,2623,570,5533,290,8333,362,6003,259,7043,113,4342,948,0332,772,1692,798,5493,002,350
Exports- 19,426- 7,821- 3,488- 4,805- 10,341- 12,634- 9,527- 10,593- 11,073- 16,449- 15,642- 17,652- 25,412- 50,390- 131,964- 171,484- 192,207
Net Imports3,638,6323,738,9233,659,5243,903,1164,083,8474,069,8694,068,2674,036,6703,559,4803,274,3853,346,9593,242,0523,088,0222,897,6432,640,2052,627,0652,810,143
Stock Change24,718- 27,781- 23,514- 36,538- 47,333- 35,52910,0694,489- 25,239- 25,942- 5,15133,267- 27,7205,887- 23,921- 84,753- 31,151
Net Crude Supply5,856,0205,890,2355,794,1226,000,3296,077,4965,979,4165,994,7565,943,3695,384,1765,226,8305,348,0715,301,8085,459,0315,703,4365,888,0296,035,4436,080,623
14,751.1714,320.0814,652.2514,525.5014,956.25
Refinery Supply ('000 BBl)
Refinery Production7,373,2497,372,6987,282,2307,353,9207,551,7467,405,9937,426,9797,413,9947,219,9366,975,0217,266,4357,405,0147,130,9967310827.089077458680.370887809054.59870
Import588,594636,977605,503667,327771,048919,869887,056851,495732,584643,351654,373600,331530,891516742.47325498218.54565611491.923510
Export- 300,835- 298,604- 301,836- 317,647- 327,875- 357,360- 401,644- 444,233- 590,597- 635,866- 739,905- 918,257- 962,972-993706.3182-1010207.04688-1360759.441480
Net Import287,759338,373303,667349,679443,172562,509485,412407,262141,9877,485- 85,532- 317,926- 432,081-476963.84495-511988.50123-749267.517970
Others (SC & Intl AVGas/Marine)- 338,648- 366,277- 272,210- 287,480- 346,452- 349,484- 413,485- 362,525- 374,655- 365,730- 346,543- 339,504- 207,076-277479.87405-289367.58494-333960.641080
Total Supply7,322,3607,344,7947,313,6877,416,1197,648,4667,619,0197,498,9067,458,7306,987,2686,616,7776,834,3606,747,5856,491,8396556383.370076657324.284716725826.439650
Total Supply (Crude and Refinery)
('000 BBl/d)
20002001200220032004200520062007200820092010201120122013201420152016
Production6,007.315,970.125,912.645,845.895,591.735,328.985,250.475,211.544,999.175,349.175,482.505,643.176,495.927,670.988,963.699,570.229,045.56
Net Import10,75711,17110,85811,65112,40312,69112,47612,17511,1129,6679,4418,4507,3937,3947,3957,3967,397
Stock Change- 860- 1,080- 810- 888- 1,079- 1,055- 1,105- 981- 1,096- 1,073- 964- 839- 643- 744- 858- 1,147- 85
Total Supply15,90416,06115,96016,61016,91616,96616,62116,40615,01513,94313,96013,25413,24614,32115,50015,81916,357
Import Dependency62%63%63%65%67%69%68%68%67%62%61%57%51%46%42%40%45%
11,1129,6729,4408,4478,160-7.4%
Source: IEA 2014
Figure 19.9 Total Oil Supply (Crude and Petroleum)
'000bbl/d
Import Dependency
Production
Net Import
Import Dependency
Ktoe20002001200220032004200520062007200820092010201120122013201420152016
Crude Production16,56417,03316,89916,89720,41219,05617,30616,49915,52217,04115,77315,93717,49217,49115842.25617039.43415494.097
Imports--------------00
Exports- 15,701- 17,033- 16,899- 16,897- 19,852- 18,291- 16,738- 15,333- 14,000- 13,614- 8,217- 8,522- 9,628- 8,695-9473.592-9659.887
Net Imports- 15,701- 17,033- 16,899- 16,897- 19,852- 18,291- 16,738- 15,333- 14,000- 13,614- 8,217- 8,522- 9,628- 8,695- 9,474- 9,660-
Stock Change- 863---- 560- 562- 364- 874- 1,173- 1,069- 773- 1,005- 1,338- 1,54400
Net Crude Supply- 0---02042042913492,3596,7836,4106,5267,2526,3697,38015,494
Import Dependency0%0%0%0%0%-9259%-8400%-5567%-4345%-622%-133%-149%-168%-141%-149%-131%0%
('000 BBl)20002001200220032004200520062007200820092010201120122013201420152016
Crude Production122,077125,536124,545124,530150,437140,444127,546121,597114,394125,596116,247117,455128,919128,912116,757125,581114,191
Imports-----------------
Exports- 115,715- 125,536- 124,545- 124,530- 146,311- 134,801- 123,360- 113,006- 103,177- 100,334- 60,562- 62,805- 70,961- 64,081- 69,820- 71,193-
Net Imports- 115,715- 125,536- 124,545- 124,530- 146,311- 134,801- 123,360- 113,006- 103,177- 100,334- 60,562- 62,805- 70,961- 64,081- 69,820- 71,193-
Stock Change- 6,362---- 4,126- 4,142- 2,686- 6,445- 8,643- 7,878- 5,695- 7,405- 9,859- 11,382---
Net Crude Supply- 0---01,5011,5012,1462,57317,38449,99147,24548,10053,44946,93754,387114,191
Refinery Supply ('000 BBl)
Refinery Production3,5154,3695,5555,1365,6765,2265,2214,1793,83616,34351,69348,22049,51758698.6309751260.031158052.163930
Import66,46569,56976,63082,20191,74498,47398,091114,849115,258115,74395,685104,15292,08083466.0904297147.65247105011.399710
Export- 8,225- 5,958- 4,844- 4,191- 939- 4,994- 6,492- 7,156- 7,821- 13,618- 11,517- 16,509- 13,066-10046.31511-8794.94042-9549.335980
Net Import58,24063,61171,78678,01090,80593,47891,599107,692107,437102,12484,16887,64379,01473419.7753188352.7120595462.063730
Others (SC & Intl AVGas/Marine)- 1,743- 2,213- 2,513- 2,685- 4,066- 4,129- 4,336- 4,675- 5,3033,3904,699- 5,714- 5,604-6835.89884-6686.5123-8716.597180
Total Supply60,01265,76674,82880,46292,41694,57692,484107,197105,970121,857140,561130,149122,927125282.50744132926.23085144797.630480
Total Supply (Crude and Refinery)
('000 BBl/d)
20002001200220032004200520062007200820092010201120122013201420152016
Production334.46343.93341.22341.18412.16384.78349.44333.14313.41344.10318.49321.80353.20353.18319.88344.06312.85
Net Import- 157- 170- 145- 127- 152- 113- 87- 15125656822265166-
Stock Change- 22- 6- 7- 7- 22- 23- 19- 30- 38- 12- 3- 36- 42- 50- 18- 24-
Total Supply155168190206238249243288287337380354333329352387313
Import Dependency-116%-104%-80%-65%-73%-55%-44%-16%-9%-2%16%9%-6%-7%9%11%0%
Source: EIA
Figure 20.9. Total Oil Supply (Crude and Petroleum)
'000bbl/d
Import Dependency
Production
Net Import
Import Dependency
Source: IEA 2014
Figure 21.8 Total Oil Supply (Crude and Petroleum)
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17
Thank You for Your Attentionhttp://aperc.ieej.or.jp/
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18
Keystone XL, Trans Mountain and Enbridge Line-3 Pipelines are designed to carry oil sands from Canadian sites into US refineries.
Impact of US-Canada Pipelines
Trade between US-Canada will be more condensed resulting in US relying less on petroleum imports through other channels.
US-Canada Pipelines will create jobs and benefits to both economies but project justifications are based on environmental and foreign policy implications.
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19
China strengthens its energy security by diversifying its oil import routes to include crude oil from Central Asia.
2,798 km China-Central Asia pipeline is also bridging Central Asia to the rest of APEC.
Impact of China-Central Asia Oil Pipeline Installation
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20
APEC Import Dependence
60%
98%
60%
100%
43%
100%
100%
70%
37%
96%
57%
100%
100%
74%
40%
11%
23%
0% 20% 40% 60% 80% 100%Import Dependency %
APEC Import Dependency (base year: 2015) [Exporting economies include Brunei(-1,269%), Cnada(-