Asia-Pacific to become more dependent on OPEC countries for oil supplies

摘要

BY 2020, crude oil trade flows west of Suez will drop by 4.2-mbpd (million barrels per day) while crude flows east of Suez will rise by 4.7-mbpd, according to global energy consultancy, ESAI Energy's recently published 'Global Oil Balance to 2035'. The primary global implication of the growth in US shale liquids and Canadian oil sands is significant change in crude oil trade flows. These changes will fundamentally alter the relationship between OPEC countries and the consuming countries of North America, Europe and Asia-Pacific, according to ESAI. Relative to the US and Europe, the countries of Asia-Pacific will become far more dependent on OPEC countries for oil supplies.