Devanshi Kothari
-
Warmed over
Published 17 Jan 2020
by
Distillate bulls have come in full contact with Murphy’s law this winter: everything that can go wrong, has gone wrong. Cracks have come under heavy pressure as IMO has failed to deliver the expected jolt in demand necessary to offset ailing on-road demand, and now warm weather is pulling the rug.. -
Summer slam
Published 10 Jan 2020
by
The bloat in US gasoline stocks has put many summer gasoline bulls on edge. Ample octane availability and weakness in some export markets has pushed USGC stocks to a record high of just below 91 mb. Faster demand growth would be one way for this imbalance to clear but there is no evidence that de.. -
Mexico oil data – Nov 2019
Published 7 Jan 2020
by
Users licensed for the data service can access our Mexico dataMexican crude output recorded its first y/y increase in 14 months (+10 thousand b/d) to 1.7 mb/d in November 2019, with y/y growth aided by a low base and driven by an unexpected recovery at the Xanab field. Xanab output rose by 3.. -
US demand – Oct 2019
Published 6 Jan 2020
by
US oil demand rose in October 2019 by 38 thousand b/d y/y to 20.77 mb/d, a 0.45 mb/d downward revision from the weekly EIA estimates. We expected a similar 0.3 mb/d downward revision from the weekly EIA data. Demand for the four main products rose by 15 thousand b/d y/y, led by jet fuel.Gasoline.. -
Slice and dice
Published 13 Dec 2019
by
Distillate traders are turning their focus to Q2 20 as the IMO 2020 focus shifts away from the early MGO trade that has so far not panned out. While VLSFO uptake continues to outperform the market’s expectations, traders are now wondering if the depletion of VLSFO stocks built up this year and re.. -
Chemical brothers
Published 6 Dec 2019
by
The market is increasingly positioning itself for tighter octane availability in 2020, and we remain in agreement that the changes set to take place next year are supportive for octane values, particularly in the summer months. However, the recent rolldown in gasoline cracks underscores that this.. -
US demand – Sep 2019
Published 29 Nov 2019
by
US oil demand rose in September by 0.14 mb/d y/y to 20.2 mb/d, a 0.72 mb/d downward revision from the weekly EIA estimates. We had expected a similar 0.6 mb/d downward revision for September data. Demand for the four main products fell by 0.18 mb/d y/y, led by diesel.Gasoline demand increased by.. -
Mexico oil data – Oct 2019
Published 25 Nov 2019
by
Users licensed for the data service can access our Mexico dataMexican total liquids production dropped by 65 thousand b/d y/y to 1.93 mb/d in October. Crude output fell by 49 thousand b/d m/m to 1.66 mb/d due to planned works at Ku-Maloob-Zaap (KMZ). However, a reinvigoration at Xanab―where.. -
Make it rain
Published 15 Nov 2019
by
Diesel bulls have been shocked by the scale of this month’s price correction, as fears grow that IMO 2020 is going to fail to live up to expectations. Indeed, incremental MGO demand for 2020 will struggle to grow much beyond 1 mb/d next year amid surprisingly strong VLSFO demand. Yet, there is mo.. -
Low Carbob diet
Published 8 Nov 2019
by
The recent disruption at the El Segundo refinery in California has once again highlighted the tightness in the Atlantic basin gasoline market this winter. Although the Californian market is largely isolated, lengthy disruptions to its gasoline producing operations tend to draw the eye of the glob.. -
US demand – Aug 2019
Published 31 Oct 2019
by
This is the inaugural edition of the US demand data review, formerly known as the US demand and trade data review. Detailed information on crude movements and refinery demand is now featured in our new monthly North America Outlook.US oil demand fell in August by 0.3 mb/d y/y to 21.1 mb/d, a 0.64.. -
Mexico oil data – Sep 2019
Published 29 Oct 2019
by
Users licensed for the data service can access our Mexico dataMexican total liquids production fell by 0.1 mb/d y/y to 1.97 mb/d in September. Combined crude and condensate output dropped by 86 thousand b/d y/y, driven by super-light crude, but it rose m/m by 23 thousand b/d to 1.74 mb/d. He.. -
Dirty deeds
Published 18 Oct 2019
by
The big switch to IMO 2020 compliant fuels has finally arrived, and VLSFO demand is expected to surprise to the upside to the detriment of MGO. So while there is probably a little bit of upside to calendar 2020 ICE gasoil cracks due to IMO 2020, those looking for a blowout at the start of the tra.. -
Credit crunch
Published 11 Oct 2019
by
Gasoline bulls have come out in force as a repeat of the market’s poor performance last winter no longer appears to be on the cards. Supply-side developments are certainly supportive for prices. Unlike a year ago, a host of issues are combining to cut into octane availability in the Atlantic basi.. -
US demand and trade – July 2019
Published 30 Sep 2019
by
US oil demand rose y/y by 60 thousand b/d to 20.74 mb/d in July, an 0.43 mb/d downward revision from the weekly EIA estimates—we had expected a smaller adjustment of 0.2 mb/d. Combined demand for the four main products fell by 0.15 mb/d, led by gasoline.Gasoline demand fell by 0.16 mb/d y/y to 9...
Close
If you are not an Energy Aspects client, and would like to discuss options about access to our publications and data, please get in touch.
Request a trial