Diesel Imports
Fig 15: Diesel imports
Diesel imports increased from China since 2015 and also from a brand new Chinese refinery in Brunei. See Fig 18.
Fig 16: Diesel imports from China have been increasing but were nil in July/Aug 21
Fig 17: Australian diesel imports compared to China’s diesel exports
Fig 18: Diesel imports from Brunei
25/3/2021 Brunei peak oil – golden opportunity for China’s Belt and Road Initiative
https://crudeoilpeak.info/brunei-peak-oil-golden-opportunity-for-chinas-belt-and-road-initiative
Note that diesel imports from Taiwan increased as imports from China dropped in the last 3 months:
Fig 19: Monthly diesel imports in last 13 months
The recent diesel import dependency on North East Asia was 36%.
Petrol Imports
Fig 20: Petrol imports by country
Fig 21: Monthly petrol imports in last 13 months
Petrol imports from Singapore increased while those from South Korea decreased, thereby reducing the dependency on shipping lanes around Taiwan.
Fig 22: Covid impact of petrol consumption by State
Petrol consumption in all States dropped April 2020 but had recovered by November 2020. In the following period, NSW and Victoria were most impacted by consecutive Covid waves and lock-downs while other States closed their borders and carried on.
Fig 23: Petrol consumption in Victoria
Fig 24: NSW petrol consumption
NSW petrol consumption in NSW declined by 7% over the pre-Covid period 2010/11 – 2018/19 (= 0.9 % pa). That may be due to a switch to diesel SUVs and pick-ups.
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Fig 5: Australian oil balance
