Amrita is the co-founder and Chief Oil Analyst at Energy Aspects. Amrita's specialism is in energy commodities, particularly oil and oil products. She’s also a Nonresident Senior Fellow at Atlantic Council, and a Research Associate at Oxford Institute of Energy Studies. Amrita holds an MPhil in Economics from Cambridge University, a BSc in Economics from the University of Warwick, and is pursuing a PhD at the School of Oriental and African Studies, University of London. She was formerly the chief oil analyst at Barclays Capital. She is frequently featured in leading media outlets, including the Financial Times, BBC News, Bloomberg, CNBC, Wall Street Journal, and Sky News.
European oil demand was marginally lower y/y, by 13 thousand b/d, at 14.63 mb/d in January, the first decline since April 2017 when a late Easter reduced industrial activity. The declines were unsurprisingly driven by heating fuels, with diesel lower by 14 thousand b/d y/y and fuel oil by 48 thou..
Extract from production:We forecast that total January Canadian liquids production fell by 0.12 mb/d m/m to 5.12 mb/d, higher y/y by 0.13 mb/d. The m/m slip was led by a 0.14 mb/d decline in synthetics output due to unplanned outages at Suncor and Mildred Lake. As a result, non-upgraded bitumen p..
The market currently lacks conviction. Many believe that price action in 2018 will be a repeat of 2017, so further price declines in the short run are in the offing. But stocks are substantially lower today, 400 mb less than on 1 January 2017, with the OECD stocks overhang below 40 mb.This is not..
This week and last the key agency forecasts have been published. EIA published STEO on 6 March, OPEC published MOMR yesterday and the IEA published OMR this morning.Despite some worries surrounding the global economy, the key agencies mostly revised global demand growth estimates for 2018 higher,..