JBC Energy provides both short and mid to long-term price forecasts for crude oil, petroleum products, natural gas, and LNG in two reports that bring together a vast amount of data and our expert understanding. Our Price Forecasting service allows subscribers to build nuanced price forecasts into their forward-looking analysis.
Empower your organisation with the most comprehensive, authoritative take on how oil markets will develop over the next 15 years with our Mid-Term Outlook report. The report also comes with access to our comprehensive proprietary forecast data.
- A quarterly, easy to digest presentation-style format, featuring regular coverage of the top, middle and bottom-of-the-barrel.
- Newly introduced Energy Transition section charting new technologies and how they are set to impact traditional fossil fuel markets.
- Includes price forecasts for crude oil, petroleum product, natural gas, and LNG as well our outlook on refinery capacity (including secondary units), along with supply, demand and balances for crude and each core petroleum product.
The View report provides subscribers with our latest outlook on crude oil and petroleum product prices for the year ahead including all the key drivers of our analysis.
- Monthly price forecasts for five benchmark crude oils, and eight core petroleum products by region (includes Asia, the US, North West Europe, and the Mediterranean).
- Concise, forward-looking analysis of the market trends driving price changes, both on an outright basis, and in terms of differentials between grades and products.
Our price forecasts for Asia and Europe have been revised up as we expect stronger LNG demand in the third quarter. Meanwhile, our outlook for Henry Hub stays relatively unchanged, with higher power generation demand and firm LNG exports likely to be supporting factors.
Our forecasts for the three regional gas benchmarks have all seen upward revisions for the rest of 2021. This follows from expectations of higher cooling demand and strong European restocking.
Counter seasonal strength in the Asian and European gas markets over the last month have resulted in upward revisions to our price forecast for both hubs. However, our outlook on Henry Hub has darkened on high inventories, rising supply and greater competition from renewables and coal.
Natural gas hub prices are expected to move sideways during the spring, with the spread between the Asian and European benchmarks remaining narrow which will incentivise more flows to the West. We also now see oil-indexed prices moving higher than spot prices throughout summer following the recent strength in Brent crude.