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So far Ken Ng has created 83 blog entries.

May 2019

By | May 22nd, 2019|Research|

We see the Druzhba crude-supply outage primarily affecting diesel supply in Central Europe – worst-case scenario, cutting off around 100,000 b/d of supply on annual average in 2019 (see Market Watch – Issue 5). According to our estimates, close to 600,000 b/d of refining capacity in Central and Eastern Europe (CEE) has been strongly impacted by [...]

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April 2019

By | April 23rd, 2019|Research|

We expect to see a cooldown in transport fuel growth this year (see Quarterly Refining Outlook – Issue 1). We can expect to see a cooldown in transport fuel growth this year, particularly with diesel demand growth falling from just below 500,000 b/d y-o-y to just above 200,000 b/d. We see difficulties for further growth in diesel [...]

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Expecting very volatile and very high oil prices, managing director says

By | April 23rd, 2019|In The News|

Whatever happens with prices, this will have an effect on supply, says Richard Gorry, MD at JBC Energy Asia. CNBC

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March 2019

By | March 21st, 2019|Research|

We See Total Inland Fuel Oil Demand 750,000 b/d Less Than the IEA in 2024 (see JBC Energy Online–Insights 15/03/2019). In its recently published Oil Market Report 2019, the IEA sees inland fuel oil demand rising by some 260,000 b/d in 2020 vs 2019, on the back of demand uptick mainly coming from Saudi Arabia. [...]

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Oil prices could hit $80 per barrel in first half of 2019: JBC Energy

By | March 12th, 2019|In The News|

Johannes Benigni of JBC Energy explains why he says oil prices could hit $80 per barrel in the first half of 2019, before more supply comes online in the second half of the year. Prices could then slide towards $50 to $60, he says. CNBC

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February 2019

By | February 22nd, 2019|Research|

Additional light crude runs in the US might remain in check going forwards, due to technical limitations (see Market Watch – Issue 02). The OPEC+ cuts add some further pressure to medium-sour imports to the US which combined with the observed price strength in the very heavy segment speak against a quick fix to the refinery conundrum in [...]

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January 2019

By | January 18th, 2019|Research|

Gasoline demand growth in Asia this year lays mainly in the hands of China (see Asian Oil Weekly  – Issue 2). China has been the main driver behind gasoline demand growth in Asia in the last several months, accounting for over 75% of total growth in H2-2018 – a trend we see continuing this year. This year, [...]

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December 2018

By | December 17th, 2018|Research|

Oil Demand Growth Lacklustre for 2019 (see Global Refinery Margins – Issue 48). Our global oil demand growth outlook for 2018 is currently 1.05 million b/d, significantly below the IEA’s projected 1.3 million b/d. We see a slowdown in economic growth limiting potential upside to demand growth this year and next. Should Brent prices next year fluctuate [...]

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JBC Energy Matters Seminar – VIENNA 2019

By | December 10th, 2018|Event Calendar|

We are excited to announce the Third Annual JBC Energy Matters Seminar, which will take place in Vienna on 5 & 6 September, 2019. JBC Energy Matters Seminar

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INTERVIEW: Johannes Benigni on the Current Oil Market

By | December 10th, 2018|In The News|

•  Non-OPEC  members (especially Russia) play an increasingly important role in global oil balances. •  The reasons why a country chooses (or does not) to be a member of OPEC are manifold, so the recent decision by Qatar to leave OPEC is not a sign of a clear trend. •  The US shale supply is [...]

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