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.
Mexican liquids production fell m/m by 35 thousand b/d to 2.05 mb/d in August, lower y/y by 0.14 mb/d. Light crude led the m/m decline, with production down by 16 thousand b/d, likely due to hefty declines in Olmeca production, as super-light output fell m/m by 81 thousand b/d and light productio..
Extract from crude oil:Cushing drew for the second straight week in September, by 1.3 mb w/w, bringing stocks to 22.3 mb. We had forecast a 1.9 mb build for the month of September, and many others are also scratching their heads as to why September has seen draws so far. We believe part of the an..
Extract from production:We forecast that Canadian liquids production fell m/m by 63 thousand b/d to 4.89 mb/d in July, higher y/y by just 73 thousand b/d, the slowest rate of growth since August 2016. The m/m decrease was led by synthetic production falling by 0.16 mb/d m/m, due to the Mildred La..