ESAI Energy Expects U.S. Gasoline Exports to Maintain Growth

World Pipelines:

According to ESAI Energy’s recently released One-Year Global Fuels Outlook, the US gasoline surplus will expand by roughly 80 000 bpd next year as demand continues to plateau and output keeps rising. Since first moving into surplus in 2016 the US gasoline balance has risen steadily to roughly 350 000 bpd this year. As a result of a growing surplus, combined US exports of finished gasoline and motor gasoline blending components will rise to over 1.0 million bpd next year.

China’s Oil Demand Will Surprise to the Upside in 2019

Hellenic Shipping News:

Contrary to some observers who focus intently on trade data as a proxy for demand, China’s total oil product demand rose by only 150,000 b/d in 2018. This is part of the reason why the global oil market is so weak as the year comes to an end. China’s oil demand will surprise again in 2019, but this time by rising by over 400,000 b/d, according to ESAI Energy’s latest China Watch. This rebound is comprised mainly of non-marketed naphtha at two new petrochemical integrated refineries, as well as LPG demand from a wave of PDH investment.