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So far jbcasia has created 29 blog entries.

October 2015

Trade Trends Reversal as US Becomes Net Oil Exporter to Mexico. PADD-3 product exports climbed to almost 3.5 million b/d in July (+140,000 m-o-m), the highest since the EIA began measuring, in an indication of the strength of the summer US refining boom. Mexico accounted for more than 1.2 million b/d of those exports, while [...]

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September 2015

US natural gas and NGL production continues to impress, recording strong growth so far this year as US drillers increasingly target wet plays in the Northeastern plays of Marcellus and Utica. Improvements in US natural gas drilling techniques (including higher spud per rig levels, more stages per well and longer lateral lengths) are offsetting significantly [...]

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August 2015

Outlook Iran 2016 after conclusion of nuclear talks. Biggest questions for 2016: (1) When will the sanctions be lifted? (2) How capable is Iran in swiftly ramping up production (still without substantial international help)? In our base case, we see sanctions lifted by mid-2016 Foreign investment will probably start soon, but will only have an [...]

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We might be seeing a new era of lower oil prices

“In the longer-term, it’s not really a question of oversupply. Oil is still a scarce resource,” said Richard Gorry, managing director of JBC Energy Asia. Reuters

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Can oil prices rise to $70? It’s possible: Pro

Johannes Benigni, founder & managing director of JBC Energy, says it’s possible for oil prices to touch $70 a barrel by year-end, but warns that markets remain in bearish territory… CNBC

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July 2015

ASEAN members’ demand growth in 2015 has been characterised by mixed fortunes, but the regional bloc is still set to emerge as a third regional focal point in non-OECD Asia after China and India (see Asian Oil Markets Monthly, Issue 7 – 7 July 2015). The six major ASEAN members (Thailand, Vietnam, Indonesia, Singapore, Philippines [...]

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For Asia’s Oil Consumers, It’s a Buyer’s Market

Supplying countries are mimicking Middle Eastern oil producers’ long-held strategy of investing in Asia to secure a captive market. Petróleos de Venezuela SA is setting up a refinery in Jieyang in southern China to process 400,000 barrels a day beginning in 2017, in a joint venture with China National Petroleum Corp. It will likely use [...]

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Jun 2015

Although uncertainty persists over whether oil sanctions on Iran will be lifted, we have built several scenarios for possible crude supply paths over the next ten years (see Asian Oil Markets, Issue 23 – 15 June 2015). Our base case scenario assumes that the deal between Tehran and P5+1 group of countries will be finalised [...]

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Why Russia is not a good OPEC candidate

Johannes Benigni, founder & chairman at JBC Energy Asia, explains why Russia is not a viable candidate for OPEC. CNBC

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Asian margins: Gasoline comes out top, gasoil a flop

“Gasoil demand is relatively healthy but clearly the weaker margins are reflecting an oversupply of product (especially gasoil) which has been exasperated by the start-up of the big refineries in the Middle East,” said Richard Gorry, director at JBC Energy Asia. Reuters

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