{"id":59789,"date":"2021-10-10T07:23:24","date_gmt":"2021-10-10T12:23:24","guid":{"rendered":"https:\/\/olduvai.ca\/?p=59789"},"modified":"2021-10-10T07:23:24","modified_gmt":"2021-10-10T12:23:24","slug":"australias-diesel-imports-on-record-high-update-june-2021","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=59789","title":{"rendered":"Australia\u2019s diesel imports on record high Update June 2021"},"content":{"rendered":"

Australia\u2019s diesel imports on record high Update June 2021<\/a><\/h3>\n
\n

Australia\u2019s monthly diesel imports reached a record of 2,360 ML (495 kb\/d) in June 2021. While it is common for imports to vary from month to month there is a long term increasing trend. This is caused by diesel consumption on a continuing growth path while Australian refineries are shutting down.<\/p>\n

\"\"Fig 1: Diesel imports timeline \u2013 by country<\/p>\n

We see that under the increasing trend there are other structural changes taking place. Imports from Japan went down.<\/p>\n

\"\"Fig 2: Diesel imports from Japan dropped by 75%<\/p>\n

Japan\u2019s refining capacity and throughput is on a long-term decline<\/p>\n

\"\"Fig 3: Japan\u2019s refining sector (sixth largest in world)<\/p>\n

The reasons for the reduction in oil demand are Japan\u2019s declining and aging population, high energy efficiency measures and an expanding fleet of hybrid and electric vehicles. Refinery throughput dropped by 550 kb\/d in 2020 due to Covid.<\/p>\n

In February 2021 there was an earthquake which hit 20% of Japan\u2019s refining capacity
\nhttps:\/\/www.reuters.com\/article\/us-refinery-operations-fuji-oil-co-idUSKBN2AF0YZ<\/a><\/p>\n

\"\"Fig 4: Diesel imports from North East Asian countries and China\u2019s refinery in Brunei<\/p>\n

Australia\u2019s declining diesel imports from Japan and to a certain extend from South Korea have been replaced by imports from China, Taiwan and a brand new Chinese refinery in Brunei, thereby creating new dependencies in a concerning context:<\/p>\n

7\/9\/2021 Taiwanese air force responds to incursion by 19 Chinese warplanes as Beijing stays silent
\nhttps:\/\/www.abc.net.au\/news\/2021-09-07\/chinese-warplanes-enter-taiwanese-air-space\/100439132<\/a><\/p>\n

\"\"Fig 5: Diesel imports from China<\/p>\n

\"\"Fig 6: Diesel imports from Brunei<\/p>\n

More details are in this post:<\/p>\n

25\/3\/2021 Brunei peak oil \u2013 golden opportunity for China\u2019s Belt and Road Initiative
\nhttps:\/\/crudeoilpeak.info\/brunei-peak-oil-golden-opportunity-for-chinas-belt-and-road-initiative<\/a><\/p>\n

Let\u2019s zoom into the last 4 \u00bd years:<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Australia\u2019s diesel imports on record high Update June 2021 Australia\u2019s monthly diesel imports reached a record of 2,360 ML (495 kb\/d) in June 2021. While it is common for imports to vary from month to month there is a long term increasing trend. This is caused by diesel consumption on a continuing growth path while […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[41,6292,14047,31936,328],"class_list":["post-59789","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-australia","tag-crude-oil-peak","tag-diesel","tag-diesel-imports","tag-fossil-fuels"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59789"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59789\/revisions"}],"predecessor-version":[{"id":59790,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59789\/revisions\/59790"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}