Jon is a crude oil market analyst specialising in the Americas. His work at Energy Aspects centres on supply and demand fundamentals, with an emphasis on trade flows and global arbitrage. Prior to Energy Aspects, he worked for Shell Trading US and BG Group as an oil analyst responsible for North American and Latin American markets, and for a Fortune 500 utility in Houston, TX. Jon holds a BS in Electrical Engineering from Texas A&M University and a MS in Finance, with distinction, from the University of Houston.
Extract from crude oil:Due to this massive flow change into Cushing (including higher flows on Pony Express of close to 0.38 mb/d due to a Q4 18 expansion of 80 thousand b/d), we have revised our November and December forecasts. We now expect builds of 4.4 mb and 0.6 mb respectively for November..
Users can access global trade flows data through our data service. In line with our expectations, global waterborne crude oil exports were mostly unchanged m/m at 43.73 mb/d in October, although final September loadings were revised slightly lower to 43.63 mb/d, compared to 43.87 mb/d report..
Extract from crude oil:With Cushing and PADD 2 continuing to build, the focus has now turned to the Gulf Coast (PADD 3), where builds over October were not negligible at 7.8 mb, according to weekly data, vs our estimate of a 6 mb build. But we are starting to see signs of change. PADD 3 refinery..