According to data recently published in BP’s 2016 Statistical Review Asian oil production remained at around 8.3 mb/d for 4 years now. Fig 1: Asian oil production We see the dominance of…
Category: South East Asia
Peak oil in the South China Sea (part 1)
The recent deployment of missile launchers and jet fighters on Woody Island of the Paracel islands have put the spotlight on the South China Sea (SCS). Fig 1: The 200 mile Economic Exclusion Zone…
Asia depends on Middle East for 66 % of its oil imports
This post uses data from the inter area oil movement section of the BP Statistical Review published in June 2015. It is a continuation of an earlier post on Asian oil consumption…
Asia’s oil consumption at record high while production peaked in 2010
The annual BP Statistical Review has come out, as usual in June. In this post we focus on the Asia Pacific region. This is important because the Australian government has offered the…
Peak oil and fuel subsidies in Indonesia
At the recent Asia Pacific Economic Cooperation (APEC) summit in Bali the main theme was “Towards Resilience and Growth”. Two years earlier, at the Honolulu APEC summit in 2011 it was agreed to…
South East Asian oil producers – the widening gap between oil production and consumption
BP’s recently released Statistical Review 2013 allows us to analyse the oil supply and demand situation in South East Asia. We start with Indonesia: Indonesia’s painful medicine 17/6/2013 It’s been described as…
South East Asian oil peak in the rear view mirror (part 1)
The title of this post refers to a term first used by the late Matt Simmons (2005 book “The coming Saudi oil shock and the world economy”) Grandiose statements about the “Asian…