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So far jbcasia has created 29 blog entries.

May 2015

US gasoline exports over Q1 are indicative of both a tighter US balance early in the year as well as strong demand for US volumes from the rest of the Americas (see our latest AmericasWeekly publication). March gasoline exports from the US have been almost exclusively Americas-bound for the second consecutive month, while exports to [...]

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April 2015

Despite continuing security issues in the OPEC MENA region, we expect annual OPEC production to average 30.8 million b/d in 2015 – 600,000 b/d higher than the average of 2014 (for further details please refer to our latest JBC Energy Market Watch publication). In April, Saudi Arabia produced above 10 million b/d for the second [...]

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Australia’s 2015 oil product imports set to soar after ageing refinery closures

“The shutdown of the refineries will mean a big increase in imports, which will give some relief to (an oversupplied) oil market,” said Richard Gorry, director at JBC Energy Asia. Reuters

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Shell challenges Exxon dominance with $70 billion bid for BG

“We are seeing a gasification of energy demand. Shell clearly recognize this,” said Richard Gorry, director at JBC Energy Asia. “That said, Shell is still taking a big gamble because if the price of oil and gas doesn’t go back up (in the next 24 months), I would imagine this might put them in a [...]

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Is Shell’s move pointing to a rebound in oil?

Johannes Benigni, founder & chairman at JBC Energy Asia, says Royal Dutch Shell’s confirmation that it is in advanced talks to buy BG Group suggest that oil and natural gas prices have bottomed. CNBC

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World domination: Brent trumps Nymex in war of crude oil benchmarks

“I think if WTI remains a regional crude, then Brent will continue to benefit. In the unlikely event that the U.S. lifted the export ban, then we might see WTI reassert its dominance,” Gorry said. Reuters

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An Iran nuclear deal is more realistic: Pro

Johannes Benigni, founder & chairman at JBC Energy Asia, discusses the odds of Iran reaching a deal with the world powers and explains what that means for oil’s market supply. CNBC

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March 2015

We expect higher European gas imports of Russian gas in summer 2015 on the back of low European gas inventories and falling gas prices (see our latest edition of Natural Gas Insight: West of Suez). European underground storage facilities saw large stock draws in Q1 2015, with inventory levels falling well below the 5-year average. This [...]

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February 2015

Asia is predicted to be the main driver of global oil demand growth in 2015, rising by 590,000 b/d y-o-y in 2015 (SuDeP). Growth is expected to outpace last year’s level of 430,000 b/d, thanks to accelerating demand dynamics in India (+200,000 b/d y-o-y), sustained growth in China (+370,000 b/d y-o-y) but also due to [...]

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