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.
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..
Total US gasoline stocks have risen by only 4 mb over the last month, but the market is focussing on what it thinks will come in the coming months. We had expected tightness in summer grade RBOB to support prices in the near term, but with high imports now set to continue for the rest of the mont..
The tightness in global LPG markets has been laid bare by price action this past month. LPG prices have outperformed crude as the y/y deficit in US Gulf Coast propane stocks has ballooned to 8.5 mb. Pipeline bottlenecks continue to bedevil shippers in the US, a situation that we think will persis..
A curious spate of incidents involving bad-quality bunker fuel underscores the challenges the industry faces over the coming months as suppliers drain tanks and start making new blends. The problems have spurred suggestions that IMO-compliant VLSFO could face similar challenges, lulling MGO bulls..