George Dix
George is an oil products analyst at Energy Aspects.
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Slice and dice
Published 13 Dec 2019
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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.. -
Key agency forecasts
Published 12 Dec 2019
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Key agencies published their forecasts this week. EIA published STEO on Tuesday, OPEC its MOMR yesterday and IEA published OMR this morning.The key agency reports were a mixed bag with the EIA reversing all the changes it made last month to its demand estimates, the OPEC Secretariat keeping its d.. -
EIA December Short-Term Energy Outlook summary
Published 10 Dec 2019 by -
Jet markets at risk from weak demand despite Middle Eastern strength
Published 10 Dec 2019 by -
Chemical brothers
Published 6 Dec 2019
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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.. -
Asian oil products demand fell y/y in October as fuel oil continued to weigh
Published 29 Nov 2019 by -
Fundamentals November 2019
Published 22 Nov 2019
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Fundamentals is our monthly review of global oil data, this is the November 2019 edition.Crude oil balance:Our Q4 19 crude balance has weakened, with no stockdraws versus 1.1 mb/d projected last month, driven by an upward revision to our non-OPEC production forecasts, record refinery maintenance.. -
Straight, no chaser
Published 22 Nov 2019
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Liquidity in the spot VLSFO market is picking up. Spot VLSFO sales in Singapore now roughly equal demand seen for HSFO in H1 19, adding to evidence that 2020’s MGO demand will come in lower than expected. As the world prepares for some 1.5–2.0 mb/d of VLSFO demand, the market is paying high price.. -
Middle East oil demand - Sep 2019
Published 18 Nov 2019
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Users licensed for the data service can access our Middle East oil data.Oil demand in the 10 top-consuming Middle Eastern countries (ex-bunkering) rose by 0.10 mb/d y/y to 6.26 mb/d in September. Saudi Arabia led the increase, with growth across all products except gasoline. Saudi.. -
Key agency forecasts
Published 15 Nov 2019
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The EIA published its STEO (Wednesday), OPEC released its MOMR (Thursday) and the IEA published the OMR today. The three agencies have finally reached the nadir of their downward demand revisions for 2019. Our demand outlook for 2019 remains at 0.87 mb/d y/y growth, while 2020 sits at 1.04 mb/d y.. -
Make it rain
Published 15 Nov 2019
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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.. -
EIA November Short-Term Energy Outlook summary
Published 13 Nov 2019 by -
Jet markets under pressure from weak demand and high runs into year-end
Published 13 Nov 2019 by -
Low Carbob diet
Published 8 Nov 2019
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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.. -
Asian oil products demand fell y/y in September, led by fuel oil weakness
Published 31 Oct 2019 by
Recent alerts
- EIA December Short-Term Energy Outlook summary 3 days ago
- Jet markets at risk from weak demand despite Middle Eastern strength 4 days ago
- Asian oil products demand fell y/y in October as fuel oil continued to weigh 2 weeks ago
- EIA November Short-Term Energy Outlook summary 1 month ago
- Jet markets under pressure from weak demand and high runs into year-end 1 month ago
- Asian oil products demand fell y/y in September, led by fuel oil weakness 1 month ago
- Downside risks to European jet demand mount as airline profitability woes continue 1 month ago
- Clean tanker rates start to jump, threatening long-haul products arbitrage 1 month ago
- Jet markets remain strong on lower stockbuilds, but higher runs into year-end will eventually weigh 2 months ago
- EIA October Short-Term Energy Outlook summary 2 months ago
- Asian oil products demand fell y/y in August, led by fuel oil weakness 2 months ago
- Saudi diesel demand stabilising under the Vision 2030 plan 2 months ago
- EIA September Short-Term Energy Outlook summary 3 months ago
- Asian oil products demand rebounded in July led by diesel; June revised higher 3 months ago
- EIA August Short-Term Energy Outlook summary 4 months ago
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