Weekly and monthly reports with analysis of regional crude oil, and petroleum markets. Expert level coverage of markets in the Mediterranean, Asia, the Former Soviet Union (FSU), and the Americas. Reports focus on price development, supply and demand drivers, imports and exports, trade flows as well as geopolitics, and wider energy issues.
The Med Oil Weekly compiles all the most important news and developments from the prior week, breaking down fundamentals driving the crude and product markets
- Short-term outlook on regional crude differentials, with a focus on Urals, North Sea Dated and WTI delivered to Europe
- Product-by-product breakdown of movement in cracks over the reporting week, with our outlook for the weeks ahead
- INCLUDES: Relative incentive calculations of refining regional crude; refinery maintenance updates; crude intake and balance figures and many more!
Libyan Pipeline Leaks Result In Crude Output Decrease
Baltic Urals differentials reach 14-month highs in June
West African crude differentials continue their recovery and Angola Reduces July Crude Exports to Lowest Level Since 2007
ICE Brent Crude Futures Fall on the Prospect of Returning Iranian Crude
Short on time? The Med Oil Monthly report catches you up on the developing stories of the month in the Med and North Sea, combined with our outlook for the month ahead.
- Analysis of monthly movement in product cracks and crude differentials
- Ideal for those with a busy schedule and interested in our main takeaways from the month prior
- Combine with the Med Oil Weekly to gain a better understanding of how smaller developments are likely to affect the bigger picture
Bottom of the Barrel Weakness Takes Its Toll on Simple Refineries
Light ends cracks correct downwards after going through their best month since the start of the pandemic
European refiners start taking advantage of supressed West African crude valuations, increasing the barrel pull
The effects of the US big freeze trickle down to the Med, boosting mostly light end cracks
Timely, informative and concise data, coupled with insightful commentary on the most recent events in crude and product markets across North, Central and South America
- Analysis of trends in the US market in light of weekly EIA inventory data
- Chart-heavy analysis of supply fundamentals and crude markets, as well as processing and product markets
- Each issue includes a bonus article on a special topic, from trade flows and supply to demand or natural gas
May saw surprisingly strong HSMGO sales in Panama and preliminary ship-tracking data suggests further strength over the weeks ahead. Mobility across the Americas continues to improve, with Brazil and the US at or slightly above pre-pandemic levels.
A strong uptick in US gasoline stocks, amid equally impressive increase in mogas yields, indicate that domestic refiners might be overheating the system currently.
March figures confirm a very favourable development for the freight sector, with US gasoil/diesel demand coming in at a noteworthy 150,000 b/d above 2019 levels. Surprises mostly stem from NGL figures, with ethane demand some 300,000 b/d higher m-o-m in March.
North Dakota crude production rebounded marginally in March, following lower output in February due to the Big Freeze (NDIC). At the same time, Guyana output declined to the lowest level in over a year, while Mexican supply reached the second highest level since Q4-2018 (SIE).
Taking a deep dive into the intricacies of the FSU market, our analysts share their valuable and original investigations, all while looking at how this influences the bigger picture
- Profound understanding of the frequently changing Russian taxation and incentive system for the refining, upstream and trading industries
- A focus on corporate news with in-depth knowledge on how geopolitical and strategic issues drive fundamentals in the region
- Includes supply, demand and export projections based on our in-house modelling, country profiles, Urals quality analysis, pipeline logistics
New Wave of Consolidation in the Adriatic. CPC Blend Update. Turkey Country Profile.
Belarus faces increasing international pressure amid shrinking market outlets. Polish crude demand to pick up in summer seasons. BTC Blend Update.
Refinery runs in Russia remained strong in May, but delayed refinery maintenance spell trouble for runs come summer. Returning European crude demand should help Urals differentials come summer.
The prospect of increasing crude production shall see the European export streams further deteriorating in quality.
The Asian Oil Monthly delivers one monthly report which rounds up the most pressing issues of the month with our outlook for one month forward. Also enjoy access to JBC Energy Asian Insights daily.
- Access to a regular stream of our analysis on the latest data, price movements, and relevant news pieces from the region as it happens
- Detailed fundamental data and analysis on East of Suez markets, including the Middle East delivered to you once a month
Singapore refining margins continue to underperform vs NWE amid fresh demand headwinds in Asia
Chinese exports are providing a significant boost to middle distillates availability in Asia
Asian refining margins likely to underperform vs Europe
Support for mogas/diesel spreads is only temporary
The Asian Oil Weekly delivers short-term updates on developments in the Asian crude and products markets, with expert-led analysis feeding into a short-term outlook for the weeks ahead.
- Instant analysis of weekly data from all the major Asian economies (PPAC, PAJ), which feed into our extensive modelling.
- Discussion of hot topic issues including how regulatory changes will drive these developing economies
The US Dollar regaining strength, and positive signals from the US-Iran talks, interrupt the crude price rally.
Tides Are Turning For Asian Oil Demand
Asian refining margins face plentiful challenges to ramp up utilization rates. Singapore refinery margins recover from multi-month lows. Saudi July OSPs reflect hope for improving demand over the summer.
Asian crude basket cost remain moderate despite the recent firming in Dubai valuations.