Virendra Chauhan holds a PhD in Chemical Physics from Imperial College, with a focus on renewable energy. Following the completion of his studies, Virendra spent 18 months on the European Oil & Gas Equity Research team at Nomura International, before joining Energy Aspects in 2012. Virendra's work at Energy Aspects centres on crude markets. He analyses global supply demand fundamentals, with a particular emphasis on the upstream and shale. He also examines the impact of US shale on oil markets, trade flows and benchmarks, producing analysis that is regularly referenced by leading media outlets. His research covers specialist areas such as the economics of shale oil for independent US producers. More broadly, he reviews the potential for shale oil on a global scale, applying data-rich analysis to wider developments in the energy market.
This week and last the key agency forecasts have been published. EIA published STEO on 6 March, OPEC published MOMR yesterday and the IEA published OMR this morning.Despite some worries surrounding the global economy, the key agencies mostly revised global demand growth estimates for 2018 higher,..
Brazilian liquids output, ex-biofuels, was down slightly m/m in January at 2.72 mb/d and lower y/y for the fifth time in six months (-76 thousand b/d). Declines were driven by the post-salt Campos basin, which fell y/y by 0.18 mb/d (13%). Since June 2017, Campos declines have averaged 13% and we..