【出版时间及名称】:2010年美国石化行业展望
【作者】:德意志银行
【文件格式】:PDF
【页数】:38
【目录或简介】:
Table of Contents
Executive Summary........................................................................... 3
Oil Demand & Supply – where we were right… and wrong.....................................................3
Oil Demand ........................................................................................ 5
Oil Demand, 2009 – forecast vs actual .....................................................................................5
Oil Demand, 2010E...................................................................................................................6
Oil Supply......................................................................................... 15
Call on OPEC: DB Forecast vs DB Actual................................................................................15
Non-OPEC Supply (by region) .................................................................................................16
Biofuels ..................................................................................................................................20
OPEC and the Call on OPEC ...................................................................................................21
Inventory Change ............................................................................ 25
The over-hang is inventory ......................................................................................................25
Oil Balance ....................................................................................... 27
Valuation and Risks......................................................................... 29
Valuation and Risks: Integrated Oils........................................................................................30
Valuation and Risks: Refiners..................................................................................................31