Production: pre-Covid trends prevail Fig 1: Oil decline in 2020 was a modest 200 kb/d similar to the post 2015 trend Fig 2: China’s (and Australia’s) modest growth of 65 kb/d (12…
Category: China
China increased oil imports in Covid stricken 2020 by a lucky 8.8%
China is the only country which increased oil imports in 2020. This post is using data from the new BP Statistical Review released on 8 July 2021. Fig 1: Wuhan roads during…
China – Australia passenger traffic has peaked 2018-19 before Covid
The number of arriving and departing passengers on direct flights from/to (mainland) Chinese airports has peaked in 2018 and 2019, BEFORE the corona virus hit in the 1st quarter of 2020. Arriving…
Brunei peak oil – golden opportunity for China’s Belt and Road Initiative
Fig 1: Gold plated dome of the Sultan Omar Ali Saifuddin Mosque in Bandar Seri Begawan Fig 2: Brunei crude & NGL production. The 2nd and last peak was in 2006 (Shell…
Peak oil in Asia Update June 2020 (part 4)
In the previous posts we have shown that the peak oil problem in Asia is mainly a problem of skyrocketing consumption at an additional 1 mb/d (2.8%) each year. Whereas in Europe…
Peak oil in Asia Update June 2020 (part 2)
Continued from part 1 But there is another metric explaining China’s oil consumption growth: debt. The following graph is from an article by the Institute of International Finance in its weekly insight…
Peak oil in Asia Update June 2020 (part 1)
Fig 1: Asian oil consumption is around 5 times higher than production The production decline after the peak in 2015 is very modest. The size of the gap between consumption and production…
Peak oil in Asia: where will the oil come from for the Asian Century?
Asian oil production peaked above 8 mb/d for the period between 2008 and 2016 (with spikes in 2010 and 2015). The 2015 peak was mainly caused by peak oil in China. Since…
Australian Fuel Security Review ignores peak oil in China 2015 (part 2)
Coming back to the 2019 Liquid Security Review https://www.environment.gov.au/energy/liquid-fuel-security-review-consultation Figures 9-11 in part 1 show how dependent Australia has become on fuel imports from South Korea and Japan, even China. The Review…
What happened to crude oil production after the first peak in 2005?
The IEA (in Paris) proudly announced in its latest September 2018 Monthly Oil Market Report that global supplies (of liquids) have reached 100 mb/d in August, an impressive figure. What matters, however,…