OPEC+ cuts are on track to rebalance the oil market: JBC Energy
Richard Gorry of JBC Energy: Based on the current recovery path for the oil market, OPEC+ cuts should be sufficient to balance the market by the end of 2020, including drawing down the oversupply in inventories.
Oil demand is slowing: JBC Energy
Johannes Benigni, chairman of JBC Energy Group, discusses the oil market and OPEC’s potential response to the coronavirus outbreak.
Asian gasoil profit margins surge to strongest Sept levels in 6 years
“‘The key driver behind bullish middle distillates is anticipated demand from IMO 2020. However, we believe that the market is overly bullish,’ said Richard Gorry, managing director at JBC Energy Asia.”
“‘We would expect middle distillate cracks to weaken from January onwards. Obviously this is also a major risk for those refiners and others who believe that IMO will be very good for gasoil,’ Gorry said.”
Oil Prices Will Weaken Into September: JBC Energy Asia
Richard Gorry, Asia managing director at JBC Energy, discusses oil prices, production cuts and his outlook for the market. He speaks on “Bloomberg Markets: Asia.”
US-China trade agreement will not have an immediate impact, oil expert says
Oil demand is not as strong, says Johannes Benigni, chairman and founder of JBC Energy Group.
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.