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So far Ken Ng has created 68 blog entries.

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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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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