JBC Energy Matters Seminar – VIENNA 2020
We are excited to announce the Third Annual JBC Energy Matters Seminar, which will take place in Vienna on 10 & 11 September, 2019. JBC Energy Matters Seminar
20 – 21 October, 2020 – Singapore
Analysing Oil Markets (AOM) Training Program. Program BrochureJBC Training
May 2019
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 [...]
April 2019
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 [...]
Expecting very volatile and very high oil prices, managing director says
Whatever happens with prices, this will have an effect on supply, says Richard Gorry, MD at JBC Energy Asia. CNBC
March 2019
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. [...]
Oil prices could hit $80 per barrel in first half of 2019: JBC Energy
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
February 2019
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 [...]
January 2019
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, [...]
December 2018
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 [...]