Oil Prices Asia: Live Market Data & Analysis
Real-time oil price tracking for the Asian market with regional benchmarks and analysis
Live Asian Oil Prices
Brent Crude
Dubai Crude
WTI Crude
Asian Oil Market Analysis
Market Overview
Asia represents the world's largest oil consumption region, with China, India, Japan, and South Korea being major importers. The region's oil prices are heavily influenced by:
- • Middle East supply dynamics
- • Asian refinery margins
- • Seasonal demand patterns
- • Transportation costs from key suppliers
Key Trading Hubs
Asian Oil Markets by Country
🇨🇳 China
Consumption: ~15 million bbl/day
Key Imports: Saudi Arabia, Russia, Iraq
Benchmark: Shanghai crude futures (INE)
Market Note: World's largest crude importer
🇮🇳 India
Consumption: ~5 million bbl/day
Key Imports: Iraq, Saudi Arabia, UAE
Benchmark: Dubai/Brent basket
Market Note: Third-largest consumer globally
🇯🇵 Japan
Consumption: ~3.8 million bbl/day
Key Imports: Saudi Arabia, UAE, Kuwait
Benchmark: Dubai crude
Market Note: Major refining and petrochemical hub
🇰🇷 South Korea
Consumption: ~2.8 million bbl/day
Key Imports: Saudi Arabia, Kuwait, Iraq
Benchmark: Dubai crude
Market Note: Significant product exports
🇸🇬 Singapore
Role: Regional trading hub
Benchmark: Platts Singapore assessments
Products: Middle distillates, gasoline
Market Note: Price discovery center for Asia
🇹🇭 Thailand
Consumption: ~1.3 million bbl/day
Key Imports: UAE, Saudi Arabia, Malaysia
Benchmark: Dubai crude
Market Note: Regional refining center
Factors Affecting Asian Oil Prices
Shipping Costs
Tanker rates from Middle East significantly impact delivered prices
Refinery Margins
Asian refining margins influence crude demand and price differentials
Currency Impact
USD strength affects purchasing power of Asian importers
Economic Growth
Regional GDP growth drives oil demand and price premiums
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