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
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
Analysing Oil Markets (AOM) Training Program. Program BrochureJBC Training
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 [...]
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 [...]
Whatever happens with prices, this will have an effect on supply, says Richard Gorry, MD at JBC Energy Asia. CNBC
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. [...]
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
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 [...]
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, [...]
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 [...]