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Refiner demand for discounted feeds will increase trade of high-acid crudes
03/17/2008
Refiners looking for discounted crude supplies will import and use greater volumes of high total acid number (TAN) crudes, according to a study from Asia Pacific Energy Consulting (APEC).The study states that incremental high-TAN crude output should rise by 1.8 million b/d during 2005-10, with 61% of that gain expected in West-of-Suez production regions. High-TAN crude production, trade, and use will increase globally and Asia-Pacific will be the focus of interregional acidic crude trade through the next decade, according to the study.This study is different from previous forecasts because it does not include acidic crudes that do not affect markets or trade balances.Asia-Pacific’s ...
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