Olivia works with the crude oil and oil products teams as an analyst, with a particular focus on European markets. She holds a BSc in Geography and Environmental Management from the University of the West of England. During her time at university, Olivia undertook an industrial placement year with the Department of Energy and Climate Change, specialising in oil and gas statistics. Prior to joining Energy Aspects, Olivia worked for an independent renewable energy supplier.
Fuel oil markets have struggled over the last month, and Asian fuel oil swaps have fallen into contango, as Middle Eastern exporters have pushed out large volumes amid mild weather in April and refinery maintenance that has led to an increase in the production of dirty products. The rise in Middl..
Mexican liquids production edged slightly lower m/m to 2.31 mb/d in April, lower y/y by 0.17 mb/d, with annual declines easing due to an extremely low base. Crude output was fairly steady m/m at 2.01 mb/d (placing compliance at 87%), the lowest since October 1995 and 0.17 mb/d lower y/y, while NG..
Diesel markets worldwide are exhibiting considerable physical strength, but futures markets are burdened with worry that the market is about to hurtle off a cliff due to rising supply. With some 5.5 mb/d of refining capacity due back online between May and July after a hefty spring turnaround sea..
A great deal of worry has swept the market over the supposed weakness of US gasoline demand. We still view the softness in US demand in the first part of this year as an aberration. It is unlikely that the underlying patterns of US gasoline demand have so fundamentally changed that a major contra..