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So far jbcasia has created 35 blog entries.

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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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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