Dominic specialises in North American crude oil market analysis. His work at Energy Aspects centres on supply and demand fundamentals, with a particular emphasis on regional crude balances, trade flows and grades. His research covers specialist areas such as Cushing storage, pipeline arbitrage and Canadian oil sands market dynamics. Prior to Energy Aspects he worked for a London based commodity fund as an oil derivatives trader, and for UBS in New York. Dominic holds a BA from Nottingham University and a GDL in Law from the University of Law, London. Dominic is currently an MBA candidate at Warwick Business School, where he is enrolled on the Global Energy MBA programme.
Extract from crude oil: Based on an analysis of Middle East crude loaded in April and May, alongside Arabian and Iraqi delivered crude values versus ASCI, we do expect continued moderation in imported volumes from the Middle East even as runs rise. As it pertains to stockdraws in PADD 3, the key dy..
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This is the May 2017 edition of our North America Quarterly, covering all important aspects of the region, with a particular focus on the growth of US production and its impact on regional and global balances for both crude and products. The Quarterly is designed to be the most comprehensive guide t..
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We expect March liquids output fell by 0.28 mb/d m/m following a plantwide outage at Syncrude Mildred Lake which impacted both Canadian synthetic output and the production of synbit blend (a combined of bitumen and synthetic crude). Indeed, our pipeline model suggests flows on both Pembina’s AOSPL (..
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Extract from crude oil: Cushing stocks rose by 35 thousand barrels w/w to 66.3 mb, taking the cumulative stockdraw across May to 0.2 mb, versus our expectations of a 2.1 mb draw across the month. The lacklustre pace of draws versus our forecast has been driven by unexpectedly low outflows on BP1, t..
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Extract from crude oil: Cushing stocks fell by a modest 0.4 mb w/w to 66.3 mb, taking the full-month draw to 2.7 mb in April vs our forecasted 3 mb. April draws were driven by extremely strong outflows to the Gulf Coast which were expected given April trade month values for WTI-Houston and the spre..
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