Nevyn covers Asian refined products market analysis. After graduating from the National University of Singapore with a chemical engineering degree, he worked at ExxonMobil for 5 years where he held several roles including process engineering, business analysis and crude optimisation. Most recently, he was a senior analyst at Phillips 66 where he spent 4 years covering Asia and Middle East crude oil markets as well as crude optimisation for Melaka refinery.
Korean oil demand fell y/y for the second consecutive month, by 19 thousand b/d to 2.50 mb/d, as a slowdown in economic growth is starting to weigh on oil consumption. Industrial production growth peaked in Q3 17 and has struggled for annual gains this year. The August manufacturing PMI of 49.9 w..
Emerging market risks are growing for diesel, including Turkey’s slowing imports and Brazil’s unsustainable subsidy programme. Turkish marketers are running down stocks to meet demand and preserve foreign exchange, which is pushing Indian and Saudi diesel into other European markets. Atlantic bas..
Australian oil demand growth remained robust at 39 thousand b/d y/y in July, with demand at 1.04 mb/d. Australia’s economy grew by 3.4% y/y in Q2 18, its fastest pace in almost six years. Construction and mining led GDP growth, with coal mining making its biggest contribution since 2014. Unsurpri..