Oil Trade Flow Portal

About the Oil Trade Flow Portal

To help its clients gain a better understanding of ever-changing oil trade patterns — and anticipate future changes — PIRA created the Oil Trade Flow Portal.  It provides detailed, interactive balances and trade flows for crude and major refined products, both short-term (quarterly) and long-term (annual).  Accessible through PIRA Online, the portal provides user-defined data tables, broken out into 13 distinct regions, on refinery product production/yields, crude production/runs, product demand, net inter-regional trade flows, inventory changes and so on.

OTF's Key Features

Clients of PIRA’s Oil Trade Flow Portal benefit from:

  • Region-by-region balances and inter-regional net trade flows for crude/condensate, gasoline/blendstocks, jet/kero, gasoil/diesel, and heavy fuel oil.
  • Quarterly forecasts through 4Q 2013.
  • Annual forecast balances through 2030.
  • Historical numbers extending back to 1995 for annual data; 2005 for quarterly breakouts.
  • Flexible data retrieval (e.g., all regions for one time period, one region for multiple time periods).
  • The ability to download data sets into spreadsheets, as well as the ability to generate reports and create “trade flow maps” and pie charts.

 Regions covered in OTF:

  • U.S.
  • Canada
  • Latin America
  • Western Europe
  • Eastern Europe
  • FSU
  • Middle East
  • Africa
  • China
  • South Asia
  • Southeast Asia
  • Japan
  • Australia/N.Z.

Products covered:

  • Crude Oil
  • Diesel and Gasoil
  • Jet Fuel / Kerosene
  • Gasoline
  • Residual Fuel Oil

Data categories include:

  • Crude Production
  • Refinery Capacity
  • Refinery Runs
  • Refinery Production
  • Net Imports by Region
  • Demand
  • Stock Changes
  • U.S. Blendstock Imports
  • U.S. Feedstock Imports

What Do Oil Trade Flow Portal Clients Receive

The portal is divided into two main sections — Regional Summary and Trade Evolution — with each section having multiple analysis/reporting options:

1. Regional Summary

This section gives Oil Trade Flow Portal users access to short- and long-term regional aggregations for period-averages, comparisons between time periods, and comparisons with prior PIRA forecasts. It also provides regional-level “drill-down” capabilities on net imports.  Regional trade flow tables and “flow maps” can be generated for any time period and product.  All data can be downloaded in multiple formats.

2. Trade Evolution

This section gives time-series reports showing how particular regional data evolve. Reports can cover imports, production, inter-regional import/export, stock changes, demand, and refinery capacity. Reporting/analysis options are:

  • Regional - Trade Evolution reports are organized by product and region over a particular time period.
  • Quarterly Comparison - These reports compare quarterly data over a period of three years.  Shown below is a sample for regional diesel/gasoil demand.
  • Single Product/Category - These reports are for all regions and are organized by product and by a specific data category within this product (such as production or demand). These data can be compared in both short-term and long-term modes. 

Trade Flow Maps

A special feature of PIRA’s Oil Trade Flow Portal is the trade flow map.  These maps provide a graphical representation of one region’s import/export data. In addition to the map, a pie chart appears below representing the coverage from each region of crude runs/product demand in percentage terms.

More About OTF

Oil trade patterns are shifting.  Demand growth is concentrated in China, India, and the Middle East.  OECD-country demand is flat to down as continued high prices and government policies are restraining growth.  Meanwhile, crude supply growth is increasingly concentrated in OPEC, with the North Sea, Mexico, and many other mature, non-OPEC regions in decline.

Trade shifts aren’t just regional. The shape of barrel is also changing.  Demand growth is now strongest in distillates and much weaker in gasoline and fuel oil.  Most new refining capacity — much of it logically slated for China, India, and the Mideast — is more sophisticated, designed to run heavier, sour, high acid crude and produce low sulfur light products designed to meet tighter product specifications.  Inevitably, significant infrastructure (OPEC refinery capacity growth, FSU pipelines, etc.) will change, greatly impacting the pace of exports and imports.

To help its clients gain a better understanding of these changing oil trade patterns — and anticipate future changes — PIRA created the Oil Trade Flow Portal.  It provides detailed, interactive balances and trade flows for crude and major refined products, both short-term (quarterly) and long-term (annual).  Accessible through PIRA Online, the portal provides user-defined data tables, broken out into 13 distinct regions (see table below), on refinery product production/yields, crude production/runs, product demand, net inter-regional trade flows, inventory changes and so on.

Fees

OTF can be purchased on its own or, at a discount, as an add-on for clients to PIRA’s Global Oil Retainer Service. The extent of the discount depends on the client's current package. Clients to PIRA’s Oil Products Trading Analyzer receive a further price reduction. For options and fees, please contact your PIRA sales representative.