(Source: "China Petroleum Enterprise Magazine" 2024-10-17)
Dong Xiucheng
“From the perspective of the global oil supply and consumption pattern, oil is a natural energy variety with a serious mismatch between production capacity and consumption capacity. The imbalance of supply and demand pattern will inevitably lead to the imbalance of w88 pattern.”
1. The global oil w88 pattern continues to evolve
From a sub-regional perspective, the world's main oil exporting regions are the Middle East, the CIS and Africa, while the main oil importing regions are Europe and the Asia-Pacific region. From the perspective of its supply and consumption pattern, oil, this energy treasure, is like an artist carrying a serious mismatch between production and consumption capabilities. Its picture of supply and demand imbalance will inevitably lead to a complicated w88 pattern. Looking around the world, the Middle East, the CIS and Africa are the main exporters of oil, while Europe and the Asia-Pacific region are the main importers of oil. Like a painter spreading his colors, the oil w88 map is divided on both sides of the Suez Canal. On one side is the magnificence of the Atlantic w88 balance pattern, and on the other side is the warmth of the east-west oil w88 balance. The Atlantic oil w88 picture mainly shows the harmonious coexistence between oil production in North America, Central and South America and oil consumption in Europe. Just like the blending of colors in an oil painting, oil w88 flows naturally within this region. In the east-west oil w88 picture, the Asia-Pacific region is dominated by oil imports, forming the main oil w88 relationship with the oil producing areas in the Middle East, and forming auxiliary oil w88 relationships with the Americas, the CIS, and Northwest Africa. Just like the contrast between light and dark in the picture, it highlights the key points without losing the overall harmony. In the past few decades, the biggest feature of the evolution of the global oil w88 pattern is the eastward shift of the center of gravity of oil w88, just like the color gradient in a picture. The key factor is the shift of the center of gravity of global oil consumption from west to east.
In the 1950s to the 1970s, Europe and the United States were the world's major oil consumption regions. Global oil w88 was mainly concentrated in the Atlantic region. The main export area for Middle East oil was Europe, and some was exported to the United States. In the early 1970s, although oil exports from the Middle East to Japan were growing rapidly, Western Europe was still the main oil exporter in the Middle East. After the 1990s, the main export region of Middle East oil began to gradually shift from Europe and the United States to the Asia-Pacific region. With the rapid development of the Asia-Pacific economy, especially after the mid-1990s, the share of Middle East oil exports to the Asia-Pacific region exceeded half. After that, with the rapid development of China's economy, oil consumption in the Asia-Pacific region continued to rise. The market share of oil exported from the Middle East to the Asia-Pacific region increased to more than 70%, and the share of oil exported to the Asia-Pacific region from Africa, Central and South America, and the CIS also began to grow rapidly. After the outbreak of the Russia-Ukraine conflict, the global oil w88 picture was redrawn again. The main reason was that Western countries imposed extremely severe energy sanctions on Russia. Russia had to adjust the flow of oil exports, reduce exports to Western countries, and increase exports to the Asia-Pacific region.
2. The global oil export pattern has obvious regional characteristics
The distribution of global oil resources is like a sea of stars. The high degree of imbalance gives it unique characteristics, which in turn promotes the grand chapter of oil w88 on the world energy stage. From 2012 to 2022, global oil w88 has grown steadily or steadily, jumping from 56.706 million barrels per day to 68.815 million barrels per day, like stars streaking across the night sky, painting a magnificent picture.
The Middle East, a sea of pearls, is sparkling. Oil exports are growing like pearls day by day, climbing from 20.39 million barrels per day to 24.26 million barrels per day, an increase of 18.98%; its proportion in global oil exports has slightly dropped from 35.96% to 35.26%. In North America, oil exports burned like a raging fire, jumping from 7.1 million barrels per day to 14.63 million barrels per day, an increase of 105.97%; the proportion of world oil exports also increased rapidly from 12.53% to 21.26%, an increase of 8.73 percentage points, symbolizing vitality and vitality. In the CIS region, oil exports grew steadily, like a melting glacier, slowly increasing from 9.41 million barrels per day to 9.92 million barrels per day, an increase of 5.36%; however, its share in global oil exports dropped from 16.61% to 14.42%, a decrease of 2.19 percentage points. In the Asia-Pacific region, oil exports increased steadily, from 6.29 million barrels per day to 6.54 million barrels per day, an increase of 3.95%; however, the proportion of global oil exports dropped from 11.11% to 9.52%, a decrease of 1.59 percentage points. In West Africa, oil exports fell like a tide, from 4.72 million barrels per day to 3.55 million barrels per day, a decrease of 24.7%; its share of global oil exports also dropped from 8.33% to 5.17%, a decrease of 3.16 percentage points. In Central and South America, oil exports fell like autumn leaves, falling from 3.83 million barrels per day to 2.96 million barrels per day, a decrease of 22.74%; the proportion of global oil exports also dropped from 6.75% to 4.3%, a decrease of 2.45 percentage points. In Europe, oil exports increased steadily, from 2.18 million barrels per day to 2.68 million barrels per day, an increase of 23.06%; its share of global oil exports increased from 3.85% to 3.90%, a slight increase of 0.05 percentage points. In North Africa, oil exports slid slowly like sand in an hourglass, falling from 2.6 million barrels per day to 2.07 million barrels per day; its share of global oil exports also dropped from 4.59% to 3.01%, a drop of 1.58 percentage points. From the above analysis, it can be seen that global oil exports are mainly concentrated in the Middle East, North America, the Commonwealth of Independent States and the Asia-Pacific. In 2022, the oil export volume in the above-mentioned regions will account for 80.46% of the world.
3. Global oil importing countries are highly concentrated
During the period 2012-2022, four countries have become the protagonists on the world oil import stage.
China is like a huge helmsman, steering a tanker, carrying a full tank of oil, sailing in the vast sea. Like a surging wave, oil imports surged from 6.675 million barrels per day to 12.156 million barrels per day, an increase of 82.11%; its share of global oil imports increased from 11.77% to 17.66%, an increase of 5.89 percentage points. The rapid growth of oil imports reflects the rise of major powers, which is rapid and violent. Although the U.S. remains at the helm, its oil imports have steadily declined, from 10.587 million barrels per day to 8.33 million barrels per day, a decrease of 21.32%; its share of global oil imports has dropped from 18.67% to 12.10%, a decrease of 6.57 percentage points. Like the age-old buildings in the Sunset City, oil imports seem to be slowly being eroded by the tide of history. India's pace is steady, like the summer sun shining on an oil tanker. Oil imports increased from 4.168 million barrels per day to 5.752 million barrels per day, an increase of 38.00%. Like a cheerful song, full of vitality and vitality, India's share of global oil exports increased from 7.35% to 8.36%, an increase of 1.01 percentage points. Japan's oil imports, like fallen leaves in autumn, slowly fall, from 4.743 million barrels per day to 3.465 million barrels per day, a decrease of 26.94%; its share of global oil imports dropped from 8.36% to 5.04%, a decrease of 3.32 percentage points. Even so, the numbers are like a beautiful autumn leaf, painting a deep color on the world's energy development. It can be seen from the above data that the proportion of oil imports from these four countries in global oil imports in 2022 will be as high as 43.16%. The concentration of global oil imports is undoubtedly revealed, which is full of challenges and opportunities.
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