Oil & Gas Journal:
Russian oil producers are ready and willing to expand output beyond the 200,000 b/d implicit in Russia’s recent agreement to relax production limits, according to ESAI Energy.
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.
Any delay to the Mariner East 2 project would impact LPG markets from Applachia to Asia, according to ESAI Energy’s analysis of the Mariner East expansion’s impact on U.S. NGL exports. In contrast, ethane exports are emerging much more slowly, according to ESAI Energy’s newly released Global NGL Outlook.
Hellenic Shipping News:
OPEC has agreed to rollback overcompliance with the original production deal of November 2016. This appears to mean an increase among the voluntary over-complying countries of 450,000 b/d with the bulk coming from Saudi Arabia, Kuwait, and the UAE. However, the communique could also be interpreted as enabling an increase of as much as 1 million b/d, with some members replacing lost volumes from involuntary over-complying countries like Venezuela. At this point, the small step interpretation is more likely.