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 cash grades. 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, a GDL in Law from the University of Law and an MBA with distinction in Global Energy from Warwick Business School.
Extract from production:We forecast that total Canadian liquids production fell by 67 thousand b/d m/m to 5.05 mb/d in February, still higher y/y by 37 thousand b/d, although this would be the slowest growth in 18 months. The m/m slip was led by a 71 thousand mb/d decline in synthetics output due..
Extract from crude oil:US crude stocks fell counter-seasonally by 1 mb to below 428 mb, compared to the usual five-year build of 2.2 mb, taking stocks lower y/y by 105 mb and only marginally higher than 2014 levels. Perhaps more importantly, total commercial inventories plunged by 10.6 mb and mov..
Extract from crude oil:US crude stocks built by 3.3 mb w/w to almost 429 mb last week. PADD 3 led the way, with inventories 2.6 mb higher as runs fell w/w by 70 thousand b/d, exports fell by 0.97 mb/d w/w, after last week’s record highs, and as imports rose w/w by 0.35 mb/d. Still, the stoc..