Hellenic Shipping News: Weak demand and soft crude oil prices mean that early next week the OPEC+ countries should extend their production restraint another six months. They will be rewarded with higher crude oil prices (unless the trade dispute significantly worsens, or further chaos comes out of the G20 meeting). It would be in the best interests of the group to extend this production restraint again in six months, as the call on OPEC falls further in 2020. But it will be harder to do so because, ceteris paribus, oil prices will be higher, and some of the current overcompliance will be gone, and some undercompliance will have set in. That does not bode well for agreeing to another extension. This will eventually put downward pressure on prices, even with the distillate demand requirements that accompany the IMO.
ESAI Energy uses the same country-by-country approach to analyzing and forecasting supply and demand of alternative fuels as it does for the petroleum market.
The Global Crude Oil Outlook is ESAI Energy’s “Flagship” product and helps paint a picture of the industry future we envision to help clients see more clearly the possibilities in this increasingly complex market.
ESAI Energy’s analysis and forecasting of petroleum products has evolved with changes in the global market and our clients’ needs.
ESAI Energy’s market based forecasts and insights assist companies in preparing for and profiting from what is coming next in the dynamic and complex NGL markets.
ESAI Energy undertakes proprietary studies for clients on topics related to building, modifying or valuing a refinery. Our fuel specifications and refinery databases have allowed our team to develop long term projections of supply and demand for petroleum products based on location and quality.
Hydrocarbon Engineering: US and global LPG markets will remain partitioned until new export capacity enables more North American product to reach Asia and other markets, according to ESAI Energy’s newly published ‘Global NGL 12-month Outlook.’
Bloomberg: U.S. crude output soared to new heights in April, highlighting OPEC’s dilemma just days before the producer group meets amid growing geopolitical threats.
World Pipelines: Brazil’s crude production growth, off to a slow start so far in 2019, is about to ramp up quickly, according to ESAI Energy’s Latin America Watch publication released on 25 June. The increase in medium crude will be one of the few sources of non-US supply growth this year.