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JBC Energy In the Media
  • 15 January 2020

    Just How Serious Is The Shale Slowdown?

    “Beneath the headline figures about production growth are ongoing operational challenges in the shale patch.

    ‘The average cumulative production per well over the first twelve months of output has been on the rise since mid-2015 until April 2018, when it peaked, and has slightly fallen since,’ JBC Energy said in a report.

    The energy consultancy said that initial production rates increased in the North Dakota in recent years, but the tradeoff was steeper decline rates. The widely-cited productivity improvements in well design, along with an intensification of sand, water, lateral length, etc., all aimed at producing more oil and gas from a given well – those improvements are being offset by steeper decline rates, JBC said.

    ‘So even under the optimistic assumption that cumulative production plateaued over the past year and has not fallen further, an increasing number of new wells is needed to offset the decline from the constantly growing fleet of legacy wells, in order to retain growth.’ The JBC report was entitled ‘Another Nail in The Coffin of US Shale Growth.’”

    OilPrice.com

  • 14 January 2020

    INTERVIEW: Johannes Benigni on Geopolitics and Prices
    • Oil will probably stay in $60 to $65 range this year, as $60 may have been established as the lower threshold for oil prices
    • OPEC+ cuts may provide some upside to oil prices; OPEC+ failure or a global economic recession may push oil beyond $60
    • Prices could plummet down to $40 if the widespread demonstrations and other factors currently at play within Iran cause a regime change, since Iran could easily add 1.5 million (or even 2 million) barrels to the oil market in a short period of time

    CNBC

  • 12 January 2020

    Canada Faces A New Oil Price ‘’Blowout’’

    “‘Canadian crude failed to participate in the relatively constant price increase since October, remaining largely below $40 per barrel,’ JBC Energy said in a note on Friday. WCS prices have been trading at a discount relative to WTI of about $23 per barrel so far in 2020, which is a larger discount than was seen even after the Keystone pipeline leaked a few months ago.

    WCS is now trading at its widest discount since December 2018, the month just before Alberta’s mandatory production cuts went into effect.

    ‘The suppressed prices are coming on the back of strengthened supply, in particular of heavy crude amid upgrader maintenance,’ JBC added. Oil sands production was up 80,000 bpd in November, compared to the same month a year earlier.

    ‘Furthermore, Albertan stock levels jumped to 74 million barrels in November, within grasp of the all-time highs seen in 2018 and earlier last year,’ JBC Energy said. The surge in inventories is also the result of the Keystone pipeline leak, which kept the pipeline offline for a period of time and resulted in Canadian oil exports falling by 500,000 bpd in November.”

    OilPrice.com

  • 10 January 2020

    Oil Ticks Down As Traders Take Profit After Iran Scare

    “Elsewhere, JBC Energy notes a double-digit percentage jump in heavy sweet Australian Pyrenees crude prices. ‘The jump is explained by the crude’s potential to be directly blended into the [Very Low Sulfur Fuel Oil] stream’ boosted by IMO 2020. ‘It indicates that bunker suppliers are beginning to worry about their capacity to supply their term commitments,’ JBC says.”

    The Wall Street Journal

  • 08 January 2020

    Oil spike vanishes as Iran fears ease

    “‘The extent of the retaliatory attacks looks to have been limited,’ JBC Energy wrote in a note to clients on Wednesday. ‘The market will be watching keenly today for hints as to whether or not President Trump will step into a further cycle of escalation.’”

    CNN

  • 07 January 2020

    Oil drops as supply remains unaffected amid US-Iran tensions

    “The fluctuation in oil prices was due to a risk ‘re-assessment’, JBC Energy said in a note on Tuesday.

    ‘Given the extent of the rally over the last few weeks this is nothing unusual and does not negate the fact that even aside from the geopolitical factors, we are in a fundamentally strong market environment,’ it said.”

    The National

  • 06 January 2020

    Will Oil Prices Crash Or Rally When Iran Reacts?

    “‘This geopolitical price support comes at a time when fundamentals are beginning to increasingly point in the same direction,’ JBC Energy said in a note. ‘For example, our global inventory indicator showed a build of some 50 million barrels for Q4-18, while the last quarter came it at only 9 million barrels, indicating that the market is anyway in an already tighter situation.’

    ‘[W]e would certainly not be surprised if prices were to go higher still,’ JBC Energy added.”

    OilPrice.com

  • 06 January 2020

    Saber-Rattling With Iraq Adds Uncertainty to Oil Market

    “‘Putting aside the question of whether or not U.S. troops being expelled from Iraq is a realistic proposition, any kind of sanctions on Iraq (regarding oil) would be a hugely complicated and disruptive exercise due to the deep involvement of foreign firms in the Iraqi upstream sector,’ said David Reid, an analyst at JBC Energy.

    The potential for such developments to cause a rise in U.S. gasoline prices would also make a compelling reason for not pursuing such a strategy, he added.”

    The Wall Street Journal

  • 06 January 2020

    Oil rallies above $70 as US-Iran tensions intensify

    “The geopolitical price support to oil comes at a time when fundamentals are beginning to increasingly point in the same direction, JBC Energy wrote in a note.

    ‘For example, our global inventory indicator showed a build of some 50 million barrels for Q4 2018, while the last quarter came in at only 9 million barrels, indicating that the market is any way in an already tighter situation,’ the consultancy said.

    With dimmer prospects for continued supply growth in the US as well as an expected revival on the demand side, the market is expected to remain tight.

    ‘At least we would certainly not be surprised if prices were to go higher still,’ the report added.”

    The National

  • 03 January 2020

    Brent jumps almost $3 after US kills Iran’s Soleimani

    “‘With further escalation remaining a distinct possibility, we could see markets retain at least some risk premium,’ JBC Energy, an oil and gas research firm said in a note.”

    Reuters

JBC Energy News & Upcoming Events

Upcoming - See us in action

  • 24 February, 2020 - London, United Kingdom

    JBC Energy London City Briefing

    JBC Energy

  • 07 - 11 September, 2020 - Vienna, Austria

    JBC Energy Matters Seminar and Training

    JBC Energy Matters Seminar: 10 – 11 September 2020

    JBC Energy Training: 7 – 9 September 2020

    JBC Energy

In the Past

  • 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

  • 21 March, 2019 - London, United Kingdom

    UBS Gas Conference

    UBS

  • 25 February, 2019 - London, United Kingdom

    JBC Energy London City Briefing

    JBC Energy