Virendra Chauhan

Linkedin Virendra Chauhan profile image

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.

Recent publications

  • | US oil and shale output – Feb 2017

    US liquids production rose to 13.74 mb/d in February, higher y/y for the first time since January 2016 by a strong 0.19 mb/d, led by NGLs. Crude output rose by a larger than expected 0.19 mb/d m/m to 9.03 mb/d, the first reading above 9 mb/d since March 2016 but still lower y/y by 0.14 mb/d. This tr..

    1 day ago - Read more

  • | UK oil data – Feb / Mar 2017

    UK liquids production fell m/m to 1.02 mb/d in March but was higher y/y by 36 thousand b/d, while February output was also revised lower and now shows a 58 thousand b/d y/y decline. Crude output fell more sharply across both months, offset by rising NGLs. In March, production was impacted by an eigh..

    2 days ago - Read more

  • | Asia Pacific Quarterly

    This is the fifth edition of our Asia Pacific Quarterly, which provides detailed analysis of Asian crude and product markets. The quarterly covers the economic and political trends shaping demand and supply patterns in the region. It draws on our wealth of expertise in global oil and products market..

    2 days ago - Read more

  • | China oil data – Mar 2017

    China’s implied demand in March reached 11.38 mb/d, higher y/y by 0.41 mb/d (3.7%) underpinned by an improving economic momentum. Actual demand may be lower if seasonal stockpiling continued, though stockbuilds will be limited due to strong underlying demand and hefty product exports. Q1 17 demand ..

    4 days ago - Read more

  • | Norway oil data – Mar 2017

    Norwegian liquids production picked back up in March, rising m/m by 64 thousand b/d to 2.15 mb/d, higher y/y by 0.13 mb/d, thanks to the return of the 0.1 mb/d Goliat field—a technical issue on 8 February had kept the field offline for at least one week. The outage was yet another in a ser..

    4 days ago - Read more