Latest News - JBC Energy

Latest News

JBC Energy In the Media
  • 31 July 2018

    Oil’s July tumble belies looming Iranian supply squeeze

    ‘Analysts at JBC Energy said the crude market was “sending a lot of mixed signals” as the impact of the sudden surge in barrels from Saudi Arabia and other Gulf exporters earlier this summer was still being absorbed.

    While those countries have been adding supplies, other Opec members that were struggling to maintain output – contribution to oil’s rally to near $80 a barrel at the end of June – are still struggling.

    “After a sharp uptick in crude flows from the likes of Saudi Arabia and other key Gulf exporters, this has slowed a bit, while combined Iranian, Libyan, and Venezuelan flows are at their lowest point since January,” JBC analysts said. “Overall, this leaves us effectively more or less at the same place we were back in April.” ‘

    Financial Times

  • 22 June 2018

    –  OPEC will not allow prices to overheat, and should look at balancing markets also more short term

    – Risk can be in both directions. If it opens its taps too quickly and demand shows weakness prices could also drop. A balance has to be found

    -We may be seeing a new “OPEC 2.0”. They are bringing in those who can increase / reduce production and binding them into agreements which is proving very pragmatic

    -With Iran sanctions the question is whether countries such as  China and India can continue buying from Iran without risking US supplie

    -We have seen some slower growth in shale, and we may see a bottle neck in Permian from September onwards. However other areas have not bottlenecked and we should not underestimate shale in general.

    CNBC

  • 21 March 2018

    – Sanctions against Iran are not expected as they may not have sufficient support from the US Congress and European countries

    – After a maintenance induce weakness crude oil demand is expected to pick up in April and May

    – A lot of the current flat price strength may be based on financial investors as correlation with the stock market during Q1 was high

    – Higher prices have triggered a response from shale oil, which is expected to rise by close to about 1 mb/d this year

    – OPEC -Non OPEC discussed during the November meeting how to get out of the cuts by June, now they talk about prolonging the co-operation

    – Due to the shale response we expect them now to keep the cuts in place beyond 2018, also depending on the decline in Venezuela

    CNBC Arabia

  • 09 January 2018

    OPEC Doesn’t Want Brent Over $60 a Barrel, Says Iran’s Oil Minister

    ‘US Output will rise by at least 830,000 barrels a day this year, JBC Energy GmbH said Tuesday in a note. That could cause U.S. crude prices to “cool” in the first half, the Vienna-based researcher said.’

    Bloomberg

  • 04 January 2018

    Five things to watch as Brent crude oil nears $70

    ‘Analysts at JBC Energy say the biggest short-term risk is if the Iranian government’s response to the protests spurs further sanctions from the US, with President Donald Trump said to be unlikely to certify the landmark nuclear deal with Iran later this month.

    “Beyond the recent focus on street protests, the potential reinstatement of US sanctions targeting the Iranian oil industry remains an issue,” JBC analysts said.’

    Financial Times

  • 03 January 2018

    US Arctic cold draws rare tankers of heating oil

    ‘Vienna based consultancy JBC Energy estimated demand for heating oil in the United States will rise by 90,000 barrels per day in January and February compared to a year earlier.’

    Reuters

  • 07 December 2017

    Asian LNG prices at three-year high as China curbs pollution

    ‘The rise in Asian LNG prices comes as gas prices in Europe also increase in anticipation of higher demand in the face of colder weather. In the UK, “pipeline inflows into the country are reportedly stable, but prices are now subject to real and anticipated demand spikes as temperatures hit lower levels,” according to JBC Energy, a Vienna-based consultancy.’

    Financial Times

  • 01 December 2017

    Opec and Russia boost oil prices after extending production cuts

    ‘US producers have benefited from producer cuts and analysts at JBC Energy say they are likely to do so again as prices rise. “Each additional dollar is likely to lead to upside potential for the US shale pool,” they say.’

    Financial Times

  • 23 October 2017

    Bullish oil bets favour Brent over US WTI contract

    ‘ “The effect of the curtailment in crude deliveries out of northern Iraq registered more strongly on the Brent side[last week],” said analysts at JBC Energy in Vienna.’

    Financial Times

  • 02 October 2017

    – Crude oil has not enough fuel to go higher from here

    – The OPEC/non-OPEC cuts are expected to be prolonged till the end of 2018

    – Product markets are normalising with Middle Distillates showing strength

    – While demand growth for 2017 comes in at around 1.6mb/d we see 2018 closer to 1.3mb/d

    Bloomberg TV

JBC Energy News & Upcoming Events

Upcoming - See us in action

  • 28 - 29 June, 2018 - Vienna, Austria

    1st Libyan-European Oil & Gas Summit

    NOC & HOT

  • 06 - 07 September, 2018 - Vienna, Austria

    JBC Energy Matters Seminar – VIENNA 2018

    We are excited to announce the Second Annual JBC Energy Matters Seminar, which will take place in Vienna on 6&7 September, 2018.

    JBC Energy Matters Seminar
  • 13 - 13 September, 2018

    12th Annual European Refining Summit

    Platts

In the Past

  • 06 - 07 November, 2017 - Rotterdam, The Netherlands

    Gasoline, Naphta & LPG Conference

    Light ends in the transportation sector: recent developments and outlook

    Platts

  • 02 - 03 November, 2017 - Vienna, Austria

    CIS & CEE Downstream Project Management

    Global Downstream Dynamics: Current Strength and its Persistence

    GBC

  • 21 - 22 September, 2017 - Vienna

    JBC Energy Matters Seminar

    JBC Energy Matters Seminar – Market Views from Vienna

    21-22 September 2017

    The inaugural “JBC Energy Matters” Seminar will be held in Vienna, Austria, on 21-22 September 2017.

    Hosted by JBC Energy experts, the 2-day Seminar will offer in-depth presentations and workshops on all major areas of our oil & gas markets and industry research

    JBC Energy

  • 29 June, 2017 - Singapore

    Bunkering and Storage Asia Conference

    Analysis of the implications of IMO specification change on bunker and storage companies

    Platts

  • 11 May, 2017 - London

    10th Global Crude Oil Summit

    IMO Spec change and its ramifications on the oil sector

    – What will IMO spec changes and other environmental regulations do for crude price differentials?

    Platts

  • 06 April, 2017 - Vienna

    23rd Annual BBSPA Conference

    Oil Market Developments:

    – Current Supply developments in light of the OPEC/non-OPEC production cut

    – US Shale revival

    – Oversupply to continue? JBC Energy’s view on balances

     

     

    BBSPA

  • 29 March, 2017 - Rotterdam

    StocExpo Europe

    2020 refining developments with focus on IMO regulations and implications for storage

    Tankstorage

  • 16 February, 2017 - Mumbai

    Refining & Petrochemicals World Expo

    Chemtech Foundation

  • 01 - 02 February, 2017 - Antwerp

    7th Annual Middle Distillates Conference

    Platts

  • 24 - 25 January, 2017 - Amsterdam

    10th Annual European Oil Storage Conference

    Platts