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’s strength is finally catching up with it. Strong cracks in late 2016 and early 2017 gifted short-term decision makers at simple refineries with the unambiguous signal to up their runs, and they duly obliged. In the first two months of the year, European runs jumped by 0.4 mb/d, despite the..
2 days ago - Read more
Fundamentals is our monthly review of global oil data, this is the April 2017 edition. Global oil demand eased q/q in Q1 17, but by less than seasonal averages and from a record high base. So, with OPEC output 1 mb/d lower q/q and non-OPEC production falling by around 0.5 mb/d q/q despite rising U..
5 days ago - Read more
The outlook for middle distillates continues to improve. US stocks are down by more than 20 mb since the start of the year and inventories are draining elsewhere too. The drawdowns have halved the overhang in visible middle distillates inventories to just 17 mb, and with Asia and the FSU only starti..
1 week ago - Read more
Gasoline markets have tightened considerably over the last month, thanks in part to a wave of buying by Venezuela’s PDVSA amid a spiralling crisis at its refineries. This buying came just as resurgent West African gasoline demand soaked up supplies and as European refineries entered turnarounds. Mea..
2 weeks ago - Read more
Works impacted Brazilian liquids production once again in February, with output lower m/m by 12 thousand b/d at 2.79 mb/d, but still higher y/y by 0.38 mb/d due to a low base driven by record maintenance last year. In February, works shifted to the pre-salt, reducing output at FPSO Cidade de Paraty...
3 weeks ago - Read more