Latest News

JBC Energy In the Media
  • 13 September 2018

    Five factors to watch as Brent oil hits $80 a barrel

    ‘ “ Iran is increasingly becoming the preoccupation of the crude market,” said analysts at JBC Energy. An expected squeeze on crude flows was already taking shape, they said, with Iran storing crude onshore as well as on vessels.’

    Financial Times

  • 12 September 2018

    Oil Pushes past $80 as Iran fears mount

    ‘ “Iran is increasingly becoming the preoccupation of the crude market,” said consultants JBC Energy. “The last couple of weeks have seen the expected squeeze on Iranian crude flows taking shape, with overall outflows down markedly.” ’

    BBC News

  • 11 September 2018

    Oil Climbs Sharply as U.S. Exports Seen Rising

    ‘ “ The market’s attention has returned to geopolitics, with a recent attack on the HQ of Libya’s NOC adding to the rising level of uncertainty regarding the situation in the country, ” said JBC Energy in a research note. ’

    WSJ

  • 14 August 2018

    More ships adding scrubbers to their smokestacks to support fuel oil usage in 2020: JBC

    ‘An increase in the number of ships adding cleaning systems to their smokestacks will mean vessels will continue to burn a sizeable amount of fuel oil once new sulphur regulations for the fuel go into effect, Vienna-based consultancy JBC Energy said on Tuesday.

    Ships installed with exhaust gas cleaning systems, known as scrubbers, are expected to burn 600,000 barrels per day (bpd) of high-sulphur fuel oil (HSFO) in 2020 when the new rules from the International Maritime Organization (IMO) start, JBC said.’

    Reuters

  • 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

JBC Energy News & Upcoming Events

Upcoming - See us in action

  • 25 September, 2018 - Belgrade, Serbia

    10th Oil Forum of the Energy Community

    – The Future of oil price in perspective and its impact on oil stocks

    Energy Community

  • 01 October, 2018 - Vienna, Austria

    10th Austro-Arab Economic Forum

    – Energy Outlook; Innovations and Markets

    Austro-Arab Chamber of Commerce

  • 08 November, 2018 - Rotterdam, Netherlands

    3rd Annual Gasoline, Naptha & LPG Conference

    – China: Latest developments, challenges and new opportunities for the top of the barrel

    Platts

  • 29 November, 2018 - Athens, Greece

    7th Annual Mediterranean Bunker Fuels Conference

    – Refining industry outlook post 2020

    Platts

In the Past

  • 24 - 26 September, 2018 - Singapore

    34th Annual Asia Pacific Petroleum Conference (APPEC 2018)

    – Executive Panel: Is oil losing its place to cleaner fuel and alternative energy?

    Platts

  • 13 September, 2018 - Brussels, Belgium

    12th Annual European Refining Summit

    Panel Discussion Moderation

    – Crude flow dynamics: Examining how they have changed and why, and impacts for European refiners

    and

    – State of play for European refiners: latest on supply and demand, prices and profit margins, and consolidation movements

     

    Platts

  • 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
  • 28 - 29 June, 2018 - Vienna, Austria

    1st Libyan-European Oil & Gas Summit

    – Global Market Trends – Libya in Focus

    NOC & HOT

  • 05 February, 2018 - Rotterdam, Netherlands

    5th Annual European Petrochemicals Conference

    – Global Olefin Feedstock Landscape: Naphtha and NGLs Market in 2018

    Platts

  • 01 - 02 February, 2018 - Antwerp, Belgium

    8th Middle Distillate Conference

    – The 2020 Transition / Key Questions

    Platts

  • 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