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.
Asian fuel oil cracks and timespreads have performed strongly since late May despite bunker fuel demand moderating. Hot weather has come early, boosting consumption even as stalwarts such as Japan and South Korea have begun to reduce their use of the product. We see the softness in bunker demand as ..
5 days ago - Read more
OPEC’s policy paralysis in the face of a hostile oil market spells trouble for middle distillates. For months, we have been largely positive about diesel over the spring on strong demand and cautious about Q3 17 balances. At our most constructive, we argued in April that early Q3 17 could see some u..
1 week ago - Read more
Gasoline demand fundamentals are good, but in the absence of decisive action from OPEC, there is too much supply. A strong Atlantic Basin summer gasoline season always hinged on the crude market tightening enough to constrain margins. For a while, the OPEC-led output cuts appeared to offer that poss..
2 weeks ago - Read more
Waterborne LPG markets are hitting choppy seas, but US propane exports have only slowed modestly despite tight domestic stocks. US propane supplies and inventories are still too low to support recent export levels of around 0.9 mb/d all the way through summer. However, global LPG demand growth has s..
3 weeks ago - Read more
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 Middle E..
1 month ago - Read more