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JBC Energy In the Media
  • 19 September 2019

    Weakened Iran Shows It Can Still Hold the Global Economy Hostage

    “The attack damaged facilities that process light and extra-light crudes. The U.S. is a key non-OPEC provider of those. ‘This means that the U.S. shale industry will directly benefit,’ Vienna-based consultants JBC Energy GmbH wrote in a note on Sept. 16. ‘We would expect a surge in U.S. crude exports over coming months.’”

    Bloomberg

  • 19 September 2019

    Energy & Utilities Roundup: Market Talk

    “JBC Energy notes that ‘higher prices for an extended period of time, may it be due to actually lower supply or a sustained geopolitical risk premium, will inevitably result in higher shale supply.’”

    The Wall Street Journal

  • 18 September 2019

    Saudi Arabia Is Importing Diesel and Jet Fuel After Attacks

    “‘If you take off a good portion of Middle Eastern refinery capacity then there’s a void in the market and it needs to be filled,’ Eugene Lindell, head of downstream analysis at JBC Energy GmbH, said by phone. ‘Luckily, we just happen to have ramping up of Asian capacity — particularly in China — and that will help fill the void.’”

    Bloomberg

  • 18 September 2019

    Asian gasoil profit margins surge to strongest Sept levels in 6 years

    “‘The key driver behind bullish middle distillates is anticipated demand from IMO 2020. However, we believe that the market is overly bullish,’ said Richard Gorry, managing director at JBC Energy Asia.”

    “‘We would expect middle distillate cracks to weaken from January onwards. Obviously this is also a major risk for those refiners and others who believe that IMO will be very good for gasoil,’ Gorry said.”

    Reuters

  • 17 September 2019

    INTERVIEW: Richard Gorry on the Latest Geopolitical Developments in the Oil Market
    • The reaction of the market has so far been muted largely due to the fact that it is very difficult to judge what will happen next, as the geopolitical risks are so high. The market is currently paralyzed by the multitude of options available going forward, as well as the mixed messages sent by the White House.
    • The most important questions we need to ask are: how bad is the damage and how long with the crude be out of the market?
    • Higher oil prices are going to cause troubles for the global economy, but the muted response so far does not indicate significant shift towards recession in our outlook; the $68-barrel does not reflect the geopolitical risks that are currently present and a higher price would be necessary before we worry about recessionary effects.
    • It will be difficult for Saudi Aramco to progress with the IPO at the current time with the original projected timeline, especially with the remaining fears of further attacks.

    CNBC

  • 17 September 2019

    Der Erdölmarkt steht kopf

    „Der Erdölmarkt, wie wir ihn kannten, ist seit diesem Wochenende Vergangenheit. Mit solch melodramatischen Worten begannen die sonst überaus nüchternen Autoren des Beratungsunternehmens JBC Energy ihren täglichen Marktbericht am Montag.“

    Neue Zürcher Zeitung

  • 17 September 2019

    Saudis Face Lengthy Oil Halt With Few Options to Fill Gap

    “‘The market is in scramble mode to secure not only supplies of crude, but also products,’ consultant JBC Energy GmbH said in a note. Prices are ‘reflecting a new geopolitical risk premium, namely that the safety of oil production in the heart of the Middle East cannot be guaranteed.’”

    Bloomberg

  • 16 September 2019

    Angriffe auf Ölanlagen: Trump will Konflikt mit Iran „vermeiden“

    „Experte: Ölpreisanstieg bald an Tankstellen spürbar

    Doch den Ausschlag der Rohölpreise nach oben dürften demnächst auch die Autofahrer an den Zapfsäulen zu spüren bekommen, meinte der Ölmarktexperte David Wech vom Wiener Energieberatungsunternehmen JBC am Montagabend in der ZIB2: „Ich glaube schon, dass es in den nächsten Tagen auch ein bisschen nach oben geht“, so seine Einschätzung.

    „Die OPEC kürzte um eine Million Barrel, jetzt reden wir von fünf Millionen – man könnte diesen Ausfall für 1.000 Tage covern“, schätzte Wech mit Blick auf die derzeit weltweit ohnedies großen Rohölreserven. „Bis zu einem gewissen Grad“ werde man den Produktionsausfall auch an den heimischen Tankstellen merken. Die Referenzpreise würden täglich angepasst. „Der Tankstellenbesitzer hat im Einkauf auch höhere Kosten.“

    Daran ändere auch die Tatsache nichts, dass Österreich nur einen Bruchteil seines Ölbedarfs mit Lieferungen aus Saudi-Arabien deckt. Militärische Konflikte könnten die Preise kurzfristig nach oben treiben, sagte Wech, der auch einen Flächenbrand in der gesamten Region nicht ausschließt. „Kleine Anschläge können großen Schaden anrichten.“ Das sei „eine neue Form der Kriegsführung““.

    ORF

  • 16 September 2019

    Oil Prices Jump Most on Record After Saudi Arabia Strike

    “Aramco could consider declaring itself unable to fulfill contracts on some international shipments — known as force majeure — if the resumption of full capacity at Abqaiq takes weeks. Alternatively, the kingdom’s own refineries may cut runs just to keep crude exports flowing, according to analysts with JBC and Energy Aspects.”

    Bloomberg

  • 16 September 2019

    Saudi oil outage a boon for U.S. shale producers — but constraints loom

    “The latest price action means the U.S. shale industry stands to directly benefit from the incident, ‘and it will be interesting to see how quickly additional barrels can be brought onto the market from the U.S.,’ wrote analysts at JBC Energy, a Vienna-based consulting firm.

    ‘However, this question is — at least for the next couple of months — less one of actual production, but much more one of logistics. And here the massive ongoing expansion of the system will prove an important cooling factor,’ they said.”

    MarketWatch

JBC Energy News & Upcoming Events

Upcoming - See us in action

  • 10 October, 2019 - Houston, TX, USA

    JBC Energy Houston City Briefing

    JBC Energy

In the Past

  • 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

  • 21 March, 2019 - London, United Kingdom

    UBS Gas Conference

    UBS

  • 25 February, 2019 - London, United Kingdom

    JBC Energy London City Briefing

    JBC Energy

  • 31 - 01 January, 2019 - Antwerp, Belgium

    9th Middle Distillates Conference

    Platts

  • 24 - 25 January, 2019 - Amsterdam, the Netherlands

    12th European Oil Storage Conference 2019

    Platts

  • 29 November, 2018 - Athens, Greece

    7th Annual Mediterranean Bunker Fuels Conference

    – Refining industry outlook post 2020

    Platts

  • 22 - 23 November, 2018 - Saint Petersburg, Russia

    Oil Terminal 2018

    – Russian refining industry: current status and challenges ahead

    Vostock Capital