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The World Wide Refining Industry - Refined Products Demand and Capacity

The World Wide Refining Industry - Refined Products Demand and Capacity. Agenda. The Refining Industry Today Demand Patterns The Supply Response Supply/Demand Balances. The Refining Industry Today. Global refining capacity “perceived” as short.

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The World Wide Refining Industry - Refined Products Demand and Capacity

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  1. The World Wide Refining Industry - Refined Products Demand and Capacity

  2. Agenda • The Refining Industry Today • Demand Patterns • The Supply Response • Supply/Demand Balances

  3. The Refining Industry Today

  4. Global refining capacity “perceived” as short

  5. Global margins have risen strongly since 2002 ……however regional trends diverged in 2005 2004 was a boom year for refining across the globe…… 2006 ytd weaker in Europe/ Singapore 2006 ytd, Jan-Sept Sweet crude

  6. Demand Trends

  7. World Oil Demand Growth

  8. Asia will be key for oil product demand growth Incremental Oil Demand 2005 – 2020 Avg. Growth %p.a. Mbd

  9. World Oil Demand Growth – Key Regions

  10. Middle East Oil Demand – Key Countries

  11. Key Demand Trends By Product – Middle East

  12. Refinery Supply

  13. Significant investment in global refining sector

  14. Forecasting actual future supply is problematic

  15. Middle East product exports will increase

  16. Supply/Demand Balances

  17. Future Supply/Demand balances - North America

  18. Future Supply/Demand balances - Europe

  19. Future Supply/Demand balances - Asia Pacific

  20. Will Middle East exports cause oversupply in Asia?

  21. Contacts • Wood Mackenzie is launching a new global research product covering oil products supply/demand globally (GPO), from which this presentation has been developed • Global Products Outlook (GPO) is forward looking analysis of refined product demand, supply and trade. Module 1 (Americas) is completed, with Module 2 (Middle East and Asia Pacific) and 3 (Europe, FSU,Africa) under development Satvinder Roopra Head of Asia Pacific Downstream Oil T: +65 6518 0869 E:satvinder.roopra@woodmac.com

  22. Wood Mackenzie Head Office Kintore House 74-77 Queen Street Edinburgh EH2 4NS Global Contact Details Europe +44 (0)131 243 4400 Americas +1 713 470 1600 Asia Pacific +65 6549 7168 Email energy@woodmac.com Global Offices Beijing - Boston - Dubai - Edinburgh - Houston - Kuala Lumpur - London - Moscow - New York - Singapore - Sydney - Tokyo Wood Mackenzie has been providing its unique range of consulting services and research products to the Energy and Life Sciences industries for over 30 years.Wood Mackenzie’s market proposition is based on its ability to provide forward-looking commercial insight that enables clients to make better business decisions.For more information visit: www.woodmac.com

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