Robert heads up coverage of global oil products markets. Prior to joining Energy Aspects, Robert worked as an energy journalist for nearly 14 years for Reuters, Petroleum Argus and other publications, where he reported on oil markets and trends from Latin America, London, and New York in addition to temporary assignments worldwide. Most recently he was Oil Markets Columnist at Reuters. Robert holds an MA from McMaster University and a BA from McGill University and is based in New York.
Atlantic basin gasoil markets are entering the autumn in a position of strength on the back of solid demand, unplanned global refinery outages, and Latin America’s recurrent refinery problems. In the case of Europe, ULSD looks tight even though imports of US diesel are set to jump to a record high t..
5 hours ago - Read more
Despite surging US refinery runs, strong domestic demand and ample export opportunities have kept product stocks under control. Indeed, the strength in product spreads and cracks belies the continued concern in the market over the sustainability of demand growth this year. The transition to winter g..
1 week ago - Read more
Propane exports have regained strength in July, raising the possibility of an even tighter propane market than expected through H2 17. Exports rose m/m by 0.17 mb/d to 0.8 mb/d last month, and could be bolstered further throughout Q3 17 and into Q4 17 if seasonal buying increases. Pushing ahead into..
2 weeks ago - Read more
The strength in fuel oil has gone on for so long that it risks breeding complacency. Strong cracks have raised expectations that supplies will rise and snuff out the rally. We do think supplies will rise, and there are signs that some of the demand story’s most bullish elements are fading, but the m..
4 weeks ago - Read more
Indian ULSD buying may have ebbed, but the effects of the country’s unexpected buying spree on diesel markets will reverberate for a few more months. Indian buyers have stepped back from the market, but for the Atlantic basin, the damage has been done. East of Suez refiners typically supply at least..
1 month ago - Read more