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So far Ken Ng has created 70 blog entries.

September 2018

By | September 27th, 2018|Research|

Crude Slate Continues Push towards Light Sweet in 2019 (see Global Refinery Margins – Issue 38). Given the strong US shale oil additions, it comes as no great surprise that the global crude slate is set to yet again become about 1 pp sweeter y-o-y, and slightly less heavy in 2019. Medium sour barrels are set to [...]

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August 2018

By | August 27th, 2018|Research|

The strait of Hormuz bottleneck. Saudi Arabia is the only Middle Eastern crude producer with significant export capacity outside of the Middle Eastern Gulf. The UAE has roughly 750,000 b/d of spare pipeline capacity to bypass the Strait of Hormuz, however, would still see a large proportion of its exports trapped inside the Gulf. Iran [...]

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July 2018

By | July 19th, 2018|Research|

Middle distillate demand growth (y-o-y) has been strong and steady across the globe, although growth in the West of Suez region is typically higher than that seen further east (see Global Refinery Margins – Issue 27). Last year crude intake in the West rose to meet this new demand, but this year’s ability to do so [...]

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June 2018

By | June 22nd, 2018|Research|

Soaring crude and natural gas production amid expected low ethane rejection levels are set to drive NGL production in the Permian Basin above the 1.2 million b/d offtake capacity by September this year (see Market Watch – Issue 6). Some 1.8 million b/d of pipeline capacity are scheduled to come online over the next two years, [...]

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JBC Energy chairman: OPEC must not allow oil prices to overheat

By | June 22nd, 2018|In The News|

Johannes Benigni said the producer group is “going for OPEC 2.0.” – CNBC

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30-31 October, 2018 – Singapore

By | May 21st, 2018|Event Calendar|

LNG/Natural Gas Insights (LNGI) Training Program. Program Brochure Terms and Conditions JBC Training

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April 2018

By | April 18th, 2018|Research|

The resurrection of the North Sea (see Market Watch – Issue 4). The North Sea is set to add some 350,000 b/d of crude and condensate output by 2023 This will come from UK projects in the short term and Norwegian projects in the longer term. A sizeable UK production boost is expected in 2018 and big Norway [...]

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OPEC Output Falls to Lowest in a Year

By | April 4th, 2018|In The News|

Richard Gorry, JBC Asia managing director, discusses the impact of trade wars on oil demand. He speaks to Haslinda Amin on "Bloomberg Markets." – Bloomberg

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March 2018

By | March 19th, 2018|Research|

Big Indian refining expansion only post 2020 (see Energy Market Report – 5 March 2018). The Indian government’s latest refining expansion plan published in February envisions a 80% increase in refining capacity to around 8.8 million b/d by 2030. From now until 2020, the biggest refinery expansion concerns the Vizakh refinery, taking it to 300,000 b/d [...]

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February 2018

By | February 22nd, 2018|Research|

Diesel’s long term outlook mired by constrained demand potential (see Market Watch – Issue 02). Long term gas oil/diesel demand has more numerous downside risks than upside risks In Europe and North America we are looking at a continued slowdown in gas oil/diesel demand per capital and increasing efficiency in the auto fleet The biggest source [...]

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