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So far Ken Ng has created 65 blog entries.

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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January 2018

By | January 24th, 2018|Research|

Fuel oil margins hit sticky times (see Asian Oil Monthly – Issue 1). Asian fuel oil cracks have trended steadily downwards since peaking in June 2017, with weakness intensifying since the turn of the year. The power generation and industrial sectors continue to move away from fuel oil use, with rising oil prices, relatively cheap natural [...]

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December 2017

By | December 27th, 2017|Research|

Next year’s demand outlook has strong upside potential (see Market Watch – Issue 11). We see this year’s global demand growth at 1.5 million b/d y-o-y. It is relevant to point out that this is some 300,000 b/d more than we expected at the end of last year, as global economic expansion turned out to be [...]

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November 2017

By | November 21st, 2017|Research|

Our current forecast for the 2018 liquids balance is almost 0.5 million b/d (this includes OPEC/non-OPEC extension up to end-2018), up from a 300,000 b/d deficit this year (see Market Watch – Issue 10). In the run-up to the OPEC/non-OPEC meeting on 30 November, current indications and clear potential for a massively oversupplied market in 2018 [...]

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22-23 May, 2018 – Singapore

By | October 26th, 2017|Event Calendar|

Analyzing Oil Markets (AOM) Training Program. Program Brochure Terms and Conditions JBC Training

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21-22 November, 2018 – Singapore

By | October 26th, 2017|Event Calendar|

Energy Trading, Risk Management and Pricing (ETRMP) Training Program. Program Brochure Terms and Conditions JBC Training

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November, 2018 – Singapore

By | October 26th, 2017|Event Calendar|

Analyzing Oil Markets (AOM) Training Program. Program Brochure Terms and Conditions JBC Training

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