ESAI Energy


All posts for ESAI Energy

Strategic Stockpiling to Support China's Crude Imports

China's strategic petroleum reserve (SPR) depot in Jinzhou officially started filling in August 2018, bringing the existing depot capacity to a total of 249.1 million barrels, according to ESAI Energy's new released China Watch report. The launch of this site suggests that Beijing is slowly progr ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > ESAIESAI EnergyChina +4

Iran's Loss, Russia's Gain

Russia will export more crude beginning in September, with most incremental exports targeting Europe, according to ESAI Energy's CIS Watch Crude Outlook . Russia's higher exports will come just as European refiners cut imports of Iranian crude, turning Iran's loss into Russia's gain.  According t ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > ESAIESAI EnergyRussia +6

Non-U.S. Projects to Boost Global LPG Supply

Australia and Russia together will add more than 100,000 b/ of new LPG supply in the coming months, according to ESAI Energy's Global NGL Outlook . Given that U.S. export infrastructure will limit U.S. LPG exports this winter when global demand is strongest, higher exports from Australia and Russi ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > ESAIESAI EnergyLPG +4

Iran's Crude Buyers Explore their Options

India and China are exploring ways to keep taking Iranian crude after U.S. sanctions hit in November, according to ESAI Energy's recently published Middle East Watch Crude . Iran's national tanker company, NITC, has begun insuring cargos to both countries, and rupee- and renminbi-riyal payment m ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > IranIslamic Republic of IranESAI +6

Europe's Role in Transport Markets Shrinking

Over the next year, Europe will import less gasoil while exporting smaller volumes of gasoline, according to ESAI Energy's latest Global Fuels Outlook . In this publication, ESAI Energy analyst Ian Page points out that “this reduction in European diesel imports and gasoline exports will have a maj ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > ESAIESAI Energyeurope +2

Permian Production Decelerates, Waiting for Pipelines

The Permian Basin's rapid production growth is showing signs of deceleration, according to ESAI Energy's recent North America Watch. An evaluation of shale producers finds that while Permian basin operating costs in the second quarter have fallen about 6 percent on average from this time last year, ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > pipelinePermian BasinPermian +3

President XI Likely to Keep Crude Tariffs Sidelined

Although there is no off-ramp in sight for the trade war between the U.S. and China, stability and energy security are more important for the Chinese leadership than the need to ‘win' the trade war with the U.S., according to ESAI Energy's latest ChinaWatch report.  The first version of the $16 ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > ESAIESAI EnergyChina +7

Export Infrastructure to Strand U.S. LPG This Winter

The growth of U.S. LPG exports will outpace terminal capacity this winter, constraining LPG exports, according to ESAI Energy's webinar U.S. Growing Pains to Upend LPG Trade & Demand. The export constraint will temporarily cause scarcity in Asia and the international market, driving up LPG prices ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > exportUnited StatesLPG +4

New Russian Refining Subsidies Take Shape

Russia's oil tax reform will cause refineries to adjust investment plans, causing some to abandon discretionary fuel oil upgrading projects, according to ESAI Energy's newly released CIS Watch. Underinvestment in fuel oil destruction will exacerbate the oversupply of fuel oil following the introduc ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > ESAI EnergyESAIRussia +2

Capacity Glut to Trigger Refinery Closures After 2021

An excess of global refining capacity looms after 2021, according to ESAI Energy's newly released, Global Refining Capacity Five Year Outlook . ESAI Energy projects a significant increase in new distillation capacity to 2023. After lagging demand growth in recent years, the coming capacity bui ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > RefineryESAI Energy

ESAI Energy: Five- Year Global Fuels Outlook

In its recently published Five-Year Global Fuels Outlook , ESAI Energy examines the effect of the International Marine Organization's (IMO) 0.5 percent sulfur content cap on bunker fuels on transport fuel markets through 2023. When implemented in 2020, the sulfur cap will lead to a 1.0 millio ...

OilVoice Press - OilVoice


Posted 2 months agoPress > FuelsESAI Energy

ESAI Energy Sees Ample Crude Supplies

In its recently released five-year Global Crude Oil Outlook , ESAI Energy projects healthy non-OPEC supply growth to 2023. Three trends underscore the expectation that non-OPEC crude and condensate supply will increase by an average of 1 million b/d per annum from 2019 through 2023. Infrastruc ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > OilCrude oilESAI Energy +2

Reality Check for Global NGL Demand

Global investment in ethane crackers and other olefins units will lead to overcapacity and intensifying inter-fuel competition in the NGL and naphtha markets, according to ESAI Energy's newly published Global NGL Five Year Outlook . As ESAI Energy describes, announced projects include a potential ...

OilVoice Press - OilVoice


Posted 2 months agoPress > NGLESAI EnergyNatural Gas Liquids

ESAI Energy: Is Market Ready for Mariner East 2?

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 Ou ...

OilVoice Press - OilVoice


Posted 3 months agoOpinion > ESAI EnergyMariner EastUnited States +6

ESAI Energy LPG Update - MB Ethane Breakthrough

As new Gulf Coast ethane crackers and the Mariner East expansion expand the market for U.S. ethane, Mt Belvieu prices of this feedstock have achieved a breakthrough. For the first time in years, ethane is trading at more than 10 cpg above its fuel value, pushing Mont Belvieu prices to 34 cpg as of l ...

OilVoice Press - OilVoice


Posted 3 months agoOpinion > ESAI EnergyLPGLiquefied Petroleum Gas +6