Source: Taiwan Economic Daily
Saudi Arabia's oil facilities were attacked last weekend that led to the production of production, which continued to stir up ripple effects in Asia, so that Asian countries that deepened the oil supply of Saudi countries considered dispersing oil sources and prepared heavy crude oil with high viscosity and high proportion.
Because the oil route from the Middle East to the Asian Maritime is very long, the influence of the shortage of oil supply in the Sand Kingdom will emerge for several days and slowly.However, insiders revealed to the Wall Street Journal that the preliminary signs of the market's tight market have begun to appear. For example, the Saudi country has notified India and Chinese buyers that the light -level crude oil that is transported to them will be lower than the order volume, and the supply is heavier crude oil.
The oil facilities in the oil -producing town in the eastern part of Sands were attacked, and the oil output was cut, affecting nearly 6%of global output.Although officials of the Saudi State said that the interrupt oil production will restore about one -third before the end of the 16th, and the futures price price of Brente crude oil on the same day will still surge by 15%, setting the largest single -day increase in at least 30 years.The futures closed down 6.5%on the 17th, and fell by about 1%during the market on the 18th.
For Asian countries that depend on oil imports, the impact of the Saudi country's oil supply has been particularly reduced, especially in the past year, Asia has reduced its dependence on Iran and Venezuela oil, so as not to violate Washington's sanctions on the two countries.
According to data from the MIT of the Economic Complex Research Center of Massachusetts Institute of Technology (AIT), China, Japan and South Korea were the world's first, fourth and fifth largest crude oil importers in 2017;Asian countries bought about 72%of the Sands exported crude oil, equivalent to about 5 million barrels per day.Japan, China, South Korea, and India are ranked among the top five oil export markets in the Saudi State.
Japan still has a fresh memory of the petroleum crisis in the 1970s and has pre -stored oil reserves that have pre -stored for more than 230 days.
The inventory of Chinese and seal is not so much, and it may rely more on the oil reserves of the sand country itself, or find another oil source.This also highlights the problem of excessive dependence on oil in the Middle East, and it is necessary to increase inventory and decentralized supply sources.
