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.
Middle Eastern oil demand ex-bunkering for the top 10 countries grew y/y by 76 thousand b/d to 6.9 mb/d in June. A further weakening in Saudi oil demand, lower y/y by 0.13 mb/d (4.6%), was offset by gains in Iraq, UAE and Qatar. The decline in the Kingdom was largely due to gasoil, which fell y/y by..
1 day ago - Read more
European June oil demand jumped to 15.99 mb/d, higher y/y by 0.78 mb/d, the strongest growth since November 2010, with Euro-5 demand higher y/y by 0.49 mb/d. Germany led once again (+0.31 mb/d), followed by France (+0.18 mb/d). The UK was the weak link, with demand falling again by over 5%. Favourab..
1 day ago - Read more
Extract from crude oil: Another impressive week of draws (-9 mb) took US crude stocks to 466.5 mb, lower y/y by 24 mb, even before this year’s nearly 14 mb of linefill is stripped out from the data. Barring two small weekly builds, crude stocks have now drawn for 19 weeks since end-March, by a tota..
2 days ago - Read more
Flat price continues to lag the improvement in physical differentials and timespreads have only just started to catch up. The market fears unleashing a tsunami of shale production if prices rise above $50 and is still trying to keep 2018 US production in check. Yet, at $50 oil, demand is growing too..
4 days ago - Read more
This week the key agency forecasts have been published. The EIA STEO was published Tuesday, OPEC published MOMR on Thursday and the IEA published OMR on Friday. This month’s key agency reports mostly revised demand growth estimates for 2017 higher, although they remain lower than our estimate of 1...
1 week ago - Read more