Argentina
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Dusk to dawn
Published 10 Nov 2017
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This report marks the launch of our new European naphtha balances, supplementing our existing Asian naphtha balances. Very strong East of Suez gasoline demand has starved the US of imports over the last several weeks, but while relief is unlikely for a little while longer, the late-season Atlanti.. -
Sweet and sour
Published 6 Nov 2017
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Even though technical indicators look positive, physical markets are in search of a new catalyst to move higher as they are still digesting all of the destocked crude and US crude exports. However, as US refinery runs rise towards 17 mb/d by year-end, maintaining exports of 1.8 mb/d will not be p.. -
Fundamentals
Published 31 Oct 2017
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Global LNG imports presented another mixed picture in September. Chinese imports rose by 0.93 Mt (37%) y/y, supported by an expansion of urban gas connections. South Korean and Indian imports were also up y/y, but Japanese imports fell with cooler weather. Imports to the MENA region fell primaril.. -
All eyes east
Published 31 Oct 2017
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After a few weeks of stability in LNG prices, those for December and January delivery into Northeast Asia once again started rising, passing 9.0 $/mmbtu as participants booked sufficient cargoes for peak winter demand. All eyes remain firmly on demand in China, which is having an incredible year.. -
Latin America – Sep 2017
Published 31 Oct 2017
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Latin America imported 1.58 Mt of LNG during September, 0.27 Mt more y/y, mainly driven by stronger Brazilian imports on lower hydro availability. With record-low reservoir levels, gas-fired generation is being called upon to meet power demand. Mexican LNG imports also gained, by 0.09 Mt y/y, as.. -
Fundamentals October 2017
Published 24 Oct 2017
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Our latest assessment of the global inventory overhang pegs the excess at 120–130 mb, with around 105 mb of that in the US. However, the pace of draws has undoubtedly slowed in recent weeks due to a slowdown in demand growth. Indeed, Q3 17 demand was revised lower by a hefty 0.62 mb/d due t.. -
Brazilian oil demand hits highest level since December 2015 despite rising fuel prices
Published 3 Oct 2017 by -
Fundamentals
Published 29 Sep 2017
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LNG imports presented a globally mixed picture in August. Across Asia, Chinese demand remained exceptionally strong and South Korean imports posted another month of y/y gains, but Japanese and Indian imports slipped y/y. Countries in the MENA region also imported less LNG in August y/y, while LNG.. -
Latin America – Aug 2017
Published 28 Sep 2017
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Latin American imports jumped by 0.30 Mt y/y in August, reaching 1.97 Mt, according to indicative figures. Mexican LNG takes led the increase, with deliveries up by 0.25 Mt y/y, as LNG was used as backfill to make up for disrupted pipeline flows from South Texas due to Hurricane Harvey. Argentina.. -
China crisis
Published 27 Sep 2017
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It was an eventful September, with the Atlantic hurricane season affecting both sides of the LNG supply and demand balance. Contract renegotiations and a sudden flurry of new deals also dominated headlines. Against this backdrop, LNG prices for delivery into November continued to gain, hitting 7... -
US may further reduce 2018 advanced biofuels target, a bearish development for RINs and US product cracks
Published 27 Sep 2017 by -
September 2017
Published 25 Sep 2017
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While it may seem that Harvey has resulted in bottling up crude within the US and has therefore resulted in overtightening the rest of the world’s crude market, the reality is that the disruption to exports was severe for just one week. Moreover, the draws in products have far outpaced the.. -
Fundamentals
Published 31 Aug 2017
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LNG imports continued to see strong y/y in gains in July, with China dominating the NE Asian market and Japan and South Korea once again surprising to the upside in terms of demand. Even Latin America posted a rare y/y rise in imports in July, reflecting a truly strong month in the LNG market. Ch.. -
Latin America – Jul 2017
Published 30 Aug 2017
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Total Latin American LNG imports expanded by 0.17 Mt y/y to 1.81 Mt in July. Argentina led the way by importing 0.15 Mt more y/y to meet an increased demand from the power sector. Mexico was close behind, taking 0.14 Mt more y/y in order to replace lower-than-expected pipeline imports from US. In.. -
Q2 17 earnings show LatAm producers still in survival mode
Published 30 Aug 2017 by
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