Brazil
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Ready to rumble
Published 13 Sep 2019
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Gasoline is once again being viewed as a marginal product as oversupply looms in Q4 19. But with IMO 2020 and US Tier III standards set to kick in, the gasoline market should be able to catch a break. Slow demand growth and excess supply have weighed heavily on gasoline in recent years and while.. -
Shale’s twilight hours
Published 9 Sep 2019
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Users licensed for the data service can access our global balances.The sharp rally in East of Suez sour crude prices opened the arb from the west, with several Urals cargoes heading east. But after weakening somewhat, Dubai, Oman and other eastern sours have started to recover as t.. -
Chinese August crude imports rise on delayed cargo discharge; teapot buying to support September arrivals
Published 9 Sep 2019 by -
Weekly oil products update - Bargain hunt
Published 6 Sep 2019 by -
Weekly North American NGLs update: Ethane elevation
Published 5 Sep 2019 by -
Brazil oil data – July 2019
Published 3 Sep 2019
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Brazilian total liquids output rose y/y by 0.19 mb/d to 2.88 mb/d in July. Crude output hit a record high in July, rising by 0.22 mb/d m/m to 2.78 mb/d as Buzios output ripped higher. The pre-salt led the crude growth, rising to a record high of 1.73 mb/d (+0.28 mb/d y/y), driven by the Buzios fi.. -
Broken correlations
Published 2 Sep 2019
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Users licensed for the data service can access our global balances.We have rarely had a situation where the physical market has been extremely strong (with some crude differentials even at record highs and term structure consistently backwardated) for almost an entire year and flat.. -
Scarce medium/heavy crude in the USGC triggers changes in crude flows
Published 30 Aug 2019 by -
Latin America
Published 29 Aug 2019
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Users licensed for the data service can access power generation data for Argentina, Brazil and Chile along with our Argentinian, Brazilian and Mexican gas balances.Political turmoil has dominated Latin American headlines in the last month, increasing uncertainty around how much LNG imports in the.. -
China oil data – July 2019
Published 26 Aug 2019
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Implied oil demand in July hit 12.42 mb/d, up by 0.13 mb/d (1.1%) y/y, despite slowing economic growth. Actual demand (adjusted for stock changes) was likely higher than implied data suggest, and we estimate it at 12.89 mb/d (+0.52 mb/d y/y).Apparent gasoline demand reached 3.16 mb/d, lower by 0... -
Fundamentals August 2019
Published 22 Aug 2019
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Fundamentals is our monthly review of global oil data, this is the August 2019 edition.Crude oil balance:We have increased our Q2 19 build to 0.2 mb/d following a 0.1 mb/d downward revision to East of Suez runs.We have cut our Q3 19 draw by 0.3 mb/d to 2.1 mb/d amid unplanned refinery outages and.. -
Key agency forecasts
Published 16 Aug 2019
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The past two weeks have seen all three of the key agency forecasts published. Last week saw both the EIA publish its STEO (Tuesday) and the IEA the OMR (Friday), today OPEC released its MOMR. The collective prognosis from the three key agencies is that 2019 demand growth is disappointing, versus.. -
OPEC August Oil Market Report Summary
Published 16 Aug 2019 by -
IEA August Oil Market Report Summary
Published 9 Aug 2019 by -
Tug-o-war
Published 9 Aug 2019
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Traditional suppliers of gasoline to the US East Coast have responded with such verve to the shutdown of the Philadelphia Energy Solutions (PES) refinery that the risk of a spike in gasoline prices towards end-summer, which we highlighted last month, has receded somewhat. Aside from some minor bl..
Recent alerts
- Chinese crude imports hit a new high in April on record Iranian purchases; refiners destocking before Q3 19 import pick-up 6 months ago
- Oilfield service companies turn to international markets, US service market in surplus for the year 7 months ago
- China's crude buying supported by refiners replacing Iranian barrels and teapots' new licences 7 months ago
- Mexican heavy crude declines stepping up; to limit HSFO price downside under IMO 2020 7 months ago
- China's crude imports fell in March as refiners drew stocks ahead of peak maintenance; product exports surged to a record high 7 months ago
- IEA April Oil Market Report Summary 7 months ago
- OPEC April Oil Market Report Summary 7 months ago
- Weekly Oil Products Update - Echoes from a distant past 8 months ago
- Brazilian 2019 crude production growth forecast revised lower after disappointing start to year 8 months ago
- Monthly Long-term update: March 2019 8 months ago
- IEA March Oil Market Report Summary 8 months ago
- Weekly North American NGLs update: Spring (break) fever 8 months ago
- OPEC March Oil Market Report Summary 8 months ago
- IEA Oil 2019 8 months ago
- Weekly oil products update - Arbs wide shut 9 months ago
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