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JBC Energy In the Media
  • 03 July 2020

    Oil falls below $43 on virus fears, still heads for weekly gain

    “The bankruptcy filing of U.S. shale pioneer Chesapeake Energy also supported prices by raising expectations production will decline, JBC Energy said in a report.”

    Reuters

  • 01 July 2020

    OPEC Cuts Output to Lowest Since 1991 as Virus Slams Oil Demand

    “The Organization of Petroleum Exporting Countries cut production by 1.93 million barrels a day to 22.69 million a day last month, according to the survey. That’s the lowest since May 1991, though membership changes since then affect the comparison.

    The survey is based on information from officials, ship-tracking data and estimates from consultants including Rystad Energy A/S, Rapidan Energy Group, JBC Energy GmbH and Kpler SAS.”

    Bloomberg

  • 01 July 2020

    Gasoil cash premiums drop on subdued trading

    “Gasoil demand should get a boost in the third quarter as more countries ease coronavirus-related restrictions and industrial activity picks up pace, but market tightness would be disrupted by increasing supply volumes, market watchers said.

    ‘The relative resilience in refinery runs through the weakest demand period has resulted in sizeable baggage of product inventories,’ said Kostantsa Rangelova, head of downstream at JBC Energy.”

    Reuters

  • 30 June 2020

    No rebound in sight for US shale

    “The steep decline rate in the shale patch means the downward trend will continue for many months unless there is a speedy upsurge in new drilled and completed wells. ‘Lower completion rates are pressuring US shale supply strongly, as they can no longer offset the steep natural declines that are typical for shale,’ says Raphaela Hein, an analyst at research consultancy JBC Energy. ‘Declines will reach a maximum of 2mn bl/d in late 2020 versus February levels, before growing completion rates can turn things around.’ Much of this will depend, though, on an oil price recovery that could yet be sunk by a second wave of Covid-19 infections.”

    Petroleum Economist

  • 30 June 2020

    Asian gasoil margins improve as lockdowns ease, but challenges remain

    “Refineries in countries such as India, South Korea, Japan and Thailand, alongside Chinese refiners are expected to increase output starting this month as the easing of lockdown measures boosts demand for oil products.

    ‘We see a severe overcapacity issue in the industry that has been brewing since last year, and has been exacerbated by the challenging demand environment this year,’ said Kostantsa Rangelova, head of downstream at JBC Energy.”

    Reuters

  • 29 June 2020

    Oil mixed on improving economic data, uptick in virus cases

    “In the United States, California ordered bars to close on Sunday following similar moves in Texas and Florida after a jump in cases. Washington state and the city of San Francisco have paused their reopening plans.

    ‘Whilst these localised measures on their own are unlikely to see any major immediate impact on demand, they do highlight the significant risk to gasoline demand,’ JBC Energy said.’”

    Reuters

  • 29 June 2020

    Oil slides as coronavirus infections pass 10 million mark

    “‘The US remains a particularly concerning hotspot, and as new infection numbers rise in certain areas, including the country’s fourth largest city, Houston, phased reopening is being halted and restrictions returning,’ JBC Energy said in a note on Monday.

    ‘Whilst these localised measures on their own are unlikely to see any major immediate impact on demand, they do highlight the significant risk to gasoline demand in the US going forward, as well as wider economic repercussions if major states are forced into lockdowns again, even if the political rhetoric is currently denying that another lockdown may be on the cards,’ the consultancy said.”

    The National

  • 22 June 2020

    Russia’s Huge Oil Cuts Help Drive Physical Crude Prices Higher

    “‘The market looks to be in full recovery mode,’ said Eugene Lindell, senior analyst at JBC Energy GmbH. Output cuts from major producers and a demand rebound are ‘just what the market needs to drown storage and re-balance.’”

    Bloomberg

  • 19 June 2020

    INTERVIEW: Richard Gorry on Re-Balancing the Oil Market
    • OPEC+ does not need to extend the production cuts since they are already on track to re-balancing the market should demand not be further damaged in August
    • The OPEC+ cuts should balance the market by the end of 2020 and draw a little from the oversupply that is in inventories today
    • We expect demand to recover fully sometime in early 2021, which is a relatively strong recovery, unless the markets suffer another hit from a second wave of the COVID-19 pandemic
    • In the longer term going forward, OPEC+ members should be the ones that manage to recover their production the quickest, so they ought to feel the least long-term impact from the COVID-19 pandemic

    CNBC

  • 19 June 2020

    Beschleunigt Covid-19 die Energiewende?

    „Wie kam es dazu? Einerseits tobte ein Preiskrieg zwischen Saudiarabien und Russland. ‚Für Russland ist ein Ölpreis von 40 bis 50 Dollar pro Barrel völlig in Ordnung, Saudiarabien präferiert einen deutlich höheren Ölpreis um mindestens 60 Dollar. Was man aber zuletzt beobachten konnte, ist, dass die Schmerzgrenze für alle Beteiligten bei um die 30 Dollar pro Barrel liegt. Sinkt der Ölpreis unter diese Marke, dann gibt es offenbar eine hohe Bereitschaft, gemeinsam zu agieren,‛ sagt David Wech, Öl-Experte beim Analyse-Institut JBC Energy im Gespräch mit der ‚Wiener Zeitung.‛“

    Wiener Zeitung

JBC Energy News & Upcoming Events

Upcoming - See us in action

  • 07 - 11 September, 2020 - Vienna, Austria

    JBC Energy Week

    JBC Energy Matters Seminar: 10 – 11 September 2020

    JBC Energy Training: 7 – 9 September 2020

    JBC Energy

In the Past

  • 11 March, 2020 - Rotterdam, the Netherlands

    StocExpo

    Tank Storage

  • 24 February, 2020 - London, United Kingdom

    JBC Energy London City Briefing – IP Week

    JBC Energy

  • 14 - 15 November, 2019 - St. Petersburg, Russia

    14th Technical Conference “TANK FARMS AND OIL TERMINALS: Operation, Modernisation, Development”

    Vostock Capital

  • 10 - 11 October, 2019 - Moscow, Russia

    Argus Russia and CIS Oil Products Conference

    Argus

  • 10 October, 2019 - Houston, TX, USA

    JBC Energy Houston City Briefing

    JBC Energy

  • 08 - 09 October, 2019 - Belgrade, Serbia

    11th Oil Forum

    Energy Community

  • 05 - 06 September, 2019 - Vienna, Austria

    JBC Energy Matters Seminar
    JBC Energy
  • 26 - 28 June, 2019 - Tarragona, Spain

    Mediterranean Refining and Petrochemicals Conference

    Platts

  • 11 April, 2019 - Athens, Greece

    Tanker Industry Seminar

    Tanker Markets Against an IMO 2020 Backdrop

    McQuilling

  • 01 - 02 April, 2019 - Amsterdam, the Netherlands

    Argus Global Gasoline

    Argus