July 27, 2016 Middle East Refiners Drown Global Markets During the next five years, more expansion of refining capacity in the Middle East will continue to realign global petroleum product markets. According to ESAI Energy’s recently released Five-Year Global Fuels Outlook, increases in gasoline, diesel, jet fuel and fuel oil production in the region…
HYDROCARBON ENGINEERING: July 27, 2016
During the next five years, more expansion of refining capacity in the Middle East will continue to realign global petroleum product markets. According to ESAI Energy’s recently released Five-Year Global Fuels Outlook, increases …
HYDROCARBON ENGINEERING: June 22, 2016
“New heavy fuel oil upgrading investments in these regions will lower fuel oil production by as much as 300 000 bpd and raise heavy sour crude demand by more than 200 000 bpd by the end of 2017” says Chris Barber, ESAI Energy’s Refining….
Kallanish: June 16, 2016
Last year, U.S. energy consultancy firm ESAI Energy told Kallanish Energy the South American country could face major oil production disruptions in 2016 and 2017, amid a grave economic crisis, low oil prices and an imminent humanitarian crisis.
Reuters: June 16, 2016
“The pendulum of profitability between gasoline and diesel is set to swing back toward the latter during the next 12 months,” ESAI analyst John Galante said in an annual forecast. “Tightness in the global gasoline market has run its course.”
Bloomberg: June 2, 2016
“Gulf producers continue to indicate desire for collaboration, but Iran’s position prevents agreement,” said Sarah Emerson, managing director of ESAI ENERGY, a consulting company in Wakefield, Massachusetts. “The time is just not right yet. It will be at some point.”
Bloomberg: May 25, 2016
“Surplus accumulation has really slowed,” said Sarah Emerson, managing director of ESAI ENERGY LLC., a consulting company in Wakefield, Massachusetts. “We were already projecting a deficit in the second-half of the year and now there will be less on hand as we move into it.”
As part of the fallout from the disruption of bitumen production in Alberta due to the Fort McMurray wild fire, Canada will require much less diluent from the U.S. The loss of at least 300,000 b/d of bitumen production that is not upgraded implies the elimination of nearly 100,000 b/d of diluent demand.
Reuters: May 12, 2016
“The good news is the world is swimming in crude oil, so there are options. This may make it economical to ship Eagle Ford crude or maybe ship in some North Sea crude,” Sarah Emerson, a managing principal at ESAI ENERGY LLC, said.
Reuters: April 20, 2016
Sarah Emerson, a managing principal at ESAI Energy LLC, says the return of Algerian crude to the East Coast was expected given the collapse of the discount U.S. crude once enjoyed against Brent, the global benchmark. Low prices make it nearly impossible
Bloomberg: April 17, 2016
Oil slipped a second day as a meeting of major crude producers in Doha this weekend is seen having minimal impact on supplies. Futures slipped 0.6 percent in New York. Delegates from OPEC and other….
Argus Media, April 14, 2016
But Sarah Emerson, president of research firm ESAI, recently said she believes ANS to be a prime candidate to begin moving to Asia-Pacific as it did from 1996 to 2004.
Bloomberg: April 6, 2016
“I suspect there won’t be any agreement to cut or freeze output, but that doesn’t mean the meeting is not important,” said Sarah Emerson, managing director of ESAI Energy Inc., “They’re going from no discussion or game plan…
Bloomberg: February 23, 2016
Oil tumbled after the Iranian Oil Minister said that an agreement by Saudi Arabia and Russia last week for oil producers to freeze output was “ridiculous.”…. “U.S. shale output is going to decline,” said Sarah Emerson, managing director of ESAI Energy Inc.
Interaction of Global Gasoline, Condensate and Petchem Markets to 2025