Based only on the already announced VLSFO projects, we can already outline the major VLSFO trade flows in 2020 (see Benigni On Oil Markets – Issue 8). The US appears to be best-positioned as of now to take advantage of the upcoming VLSFO demand rally in early 2020, with estimated VLSFO supply out of PADD-3 standing [...]
Richard Gorry, Asia managing director at JBC Energy, discusses oil prices, production cuts and his outlook for the market. He speaks on “Bloomberg Markets: Asia.” Bloomberg
Crude supply disruptions on geopolitical grounds have reached a stunning 5.3 million b/d, according to our assessments (see Market Watch – Issue 7). Although a bit overlooked due to the focus on discussions surrounding OPEC+ market management, we must not forget other sizeable amounts of production currently locked away temporarily due to geopolitical issues. Including the [...]
Last week, PES confirmed its decision to permanently shut its 335,000 b/d Philadelphia refinery, following an explosion in late June – a move that has so far been a boon to the Atlantic Basin gasoline market (see Americas Weekly – Issue 26). According to our estimates, close to 600,000 b/d of refining capacity in Central and [...]
Oil demand is not as strong, says Johannes Benigni, chairman and founder of JBC Energy Group. CNBC
Richard Gorry, managing director at JBC Energy Asia discusses the oil prices and the OPEC's relationship with the U.S. CNBC
Renewed sanctions on Iran are unlikely to directly affect the country’s crude supply (see Energy Market Report – 8 May 2018). Even in a dovish scenario, Iranian crude exports should decrease by at least 100 – 150,000 b/d, which may be compensated for by higher export of products. A hawkish scenario would see exports drop by as much [...]
Our outlook on Chinese gasoline consumption remains positive for the coming years, but a slow-down is inevitable (For an analysis of the effect of regulatory changes in Asia on transportation fuel markets, see Asian Oil Markets Monthly – Issue 1). Continued strong demand for cars by a growing middle class and increasing travelling distances are [...]
2016 will bring a marked acceleration of Russian secondary capacity growth, resulting in a pronounced decline in dirty product yields. (For more analysis of key trends in the Russian oil sector, see our quarterly Russia Focus report) In Russia, conversion and other secondary capacity additions have begun to outpace CDU expansions, a sign that the [...]
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