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Credit crunch
- Oil products
- Light ends Outlook
Published 11 Oct 2019 by
- Robert Campbell
- Koen Wessels
- Nevyn Nah
- Michele Lewis
- Caroline Still
- George Dix
- Valeria Daza Cajigal
- Devanshi Kothari
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..
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OPEC oil data – Sep 2019
- Oil
- Data review
- OPEC
Published 11 Oct 2019 by
- Richard Mallinson
Users licensed for the data service can access our OPEC production data.We estimate OPEC production fell sharply m/m by 1.78 mb/d to 27.97 mb/d in September, lower y/y by 3.90 mb/d and the lowest reading since September 2003 based on the current OPEC membership. This raised compliance with the OP..
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OPEC exports fell below 22 mb/d in September on Saudi and Venezuelan disruptions
Published 7 Oct 2019 by
- Richard Mallinson
Double jeopardy
- Oil
- Perspectives
Published 7 Oct 2019 by
- Amrita Sen
- Samantha Hartke
- Gengyuan Chen
Users licensed for the data service can access our global balances.Oil prices continue to defy fundamentals, stuck between fears of an imminent US–Iran deal, weak demand, and claims that Saudi supplies are back to normal following September’s attacks. Given that US supplies are dis..
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Nigerian gasoline imports will increase in October, ahead of year-end holiday season
- Oil products
- Light ends E-mail alert
Published 4 Oct 2019 by
- Caroline Still
No war, no peace
- Oil
- Perspectives
Published 30 Sep 2019 by
- Amrita Sen
- Matthew Holland
Users licensed for the data service can access our global balances.Despite widespread scepticism about Saudi Aramco’s official timelines for restoring full capacity by end-September, financial participants are not positioned on the long side. All media leaks about restoring output..
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No longer afraid
- Oil products
- Fuel oil Outlook
Published 27 Sep 2019 by
- Robert Campbell
- Nevyn Nah
- Koen Wessels
- Caroline Still
- George Dix
- Devanshi Kothari
VLSFO is surging into contention as the main solution to IMO 2020. Indeed, if the near total lack of discussion of MGO fundamentals at this month’s big oil market gathering in Singapore is any guide, MGO is yesterday’s news. Fuel oil traders may not have to retire just yet, as VLSFO means blendin..
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Global supply trends
Published 26 Sep 2019 by
- Trevor Sikorski
Users licensed for the data service can access our liquefaction database and global balances data.The story of global LNG supply continued to be one of sustained y/y growth in August and September. The trend of growth is going to continue with the ramping up of the last of the trains expected to..
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Fundamentals September 2019
- Oil
- Fundamentals
Published 25 Sep 2019 by
- Amrita Sen
- Virendra Chauhan
- Richard Mallinson
- Christopher Haines
- Michele Lewis
- Koen Wessels
- George Dix
- Richard Jones
- Valeria Daza Cajigal
Fundamentals is our monthly review of global oil data, this is the September 2019 edition.Crude oil balance:Disruptions to Saudi Arabian and Venezuelan production have cut our OPEC crude estimates, tightening our Q3 19 crude balance by 0.1 mb/d from last month to a 2.2 mb/d draw.Despite upward re..
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Abqaiq and eat it too
- Oil
- Perspectives
Published 23 Sep 2019 by
- Amrita Sen
- Richard Mallinson
- Matthew Holland
- Yasser Elguindi
Users licensed for the data service can access our global balances.The market remains deeply sceptical as to whether Riyadh’s claim of a ‘full return of oil production by end September’ is credible. Experts claim damage assessment alone should have taken weeks and that spare parts..
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India oil data – Aug 2019
- Oil
- Data review
- India
Published 23 Sep 2019 by
- Amrita Sen
- Virendra Chauhan
Users licensed for the data service can access our India oil dataIndia’s oil demand rose by 0.12 mb/d y/y in August to 4.29 mb/d despite the late arrival of monsoons that caused widespread flooding and dented consumption. LPG (+0.11 mb/d y/y) and gasoline (+58 thousand b/d y/y) le..
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Game of drones
- Oil
- Perspectives
Published 16 Sep 2019 by
- Amrita Sen
- Richard Mallinson
For comprehensive analysis of the recent attacks on Saudi Arabian oil infrastructure, please see yesterday's e-mail alert. We will continue release updates as more information becomes available over the course of this week.Users licensed for the data service can access our global b..
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Global arbs and trade flows
- Global arbs and trade flows
- Outlook
Published 13 Sep 2019 by
- Amrita Sen
- Christine Armstrong
- Stephen Wolfe
- Richard Mallinson
- Richard Jones
- Christopher Haines
Users can access global trade flows data through our data service.We expect October loadings to rise as refiners return from maintenance, Johan Sverdrup ramps up production, and more US crude hits the water from new Permian pipelines to the USGC, trends that should persist into November. Bra..
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Key agency forecasts
Published 12 Sep 2019 by
- Amrita Sen
- Richard Mallinson
- Matthew Holland
- George Dix
- Richard Jones
- Christopher Haines
This week the key agency forecasts have been published. EIA published STEO on Tuesday, OPEC published its MOMR yesterday and the IEA published OMR this morning.For the second consecutive month, the key agencies apart from the IEA focused on lowering demand forecasts due to a weak economic outlook..
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IEA September Oil Market Report Summary
- Oil
- E-mail alert
Published 12 Sep 2019 by
- Amrita Sen