ESAI Energy


All posts for ESAI Energy

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 10 hours 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 6 days 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 8 days 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 14 days 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 15 days 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 1 month 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 1 month agoOpinion > ESAI EnergyLPGLiquefied Petroleum Gas +6

OPEC Takes Small Step... or Maybe Not

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 ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > ESAI EnergyOPECSaudi Arabia +8

Is Europe ready for Mariner East?

As the Mariner East expansion stumbles toward completion, it is timely to examine how ready Europe is to absorb more U.S. propane.  The Mariner East expansion will enable the U.S. to triple seaborne exports of LPG from Marcus Hook to 115,000 b/d. The ability to export more product from the U.S. East ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > ESAI EnergyeuropeUnited States +5

ESAI Energy Update – Asia’s Growing Pull on U.S. Butane

The U.S. now exports more than 50,000 b/d of butane to Asia. Those deliveries are overshadowed by propane. The flow of that product to Asia has gone from less than 50,000 b/d five years ago to half a million b/d. As Asia's LPG market grows, ESAI Energy expects Asia's pull on U.S. butane, and impact ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > ESAI EnergyAsiaUnited States +2

IMO 2020: Market Implications of Changing Bunker Specs

Six-part comprehensive analysis of market implications of changng bunker specs including: Part I: Compliance and Bunker Market Size-  ESAI Energy will break down the size of the bunker market by geographic region, discuss compliance in reach region, explain enforcement mechanisms, and ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > ESAI EnergyBunkerFuel +2

Asia Petchems Provide Outlet for U.S. LPG

As U.S. and global LPG supply has returned to growth, so has Asia's appetite for propane and butane as a petrochemical feedstock. Less than six months ago, propane traded to a premium to naphtha in North Asia, making LPG unattractive to the region's petchems. Since February, however, propane is pric ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > ESAI EnergyAsiaUnited States +4

ESAI Energy: Crude Oil Quality Threatens US Shale

In its May Global Crude Oil Outlook ESAI Energy points out that the growth in medium and heavy refiner demand was already pushing the OPEC+ deal towards an end by 2019. The U.S. request for more crude oil and Saudi Arabia and Russia's apparent willingness to respond provides additional rationa ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > Crude oilESAI EnergyShale +3

LPG Demand Grows in Waves

The global LPG market will grow by 325,000 b/d each of the next two years, as big gains in NGL supply are matched by an expansion in petchem capacity, according to ESAI Energy's newly published Global NGL Two-Year Outlook . Last year, scarce supplies led to a contraction of petchem demand, slowing ...

OilVoice Press - OilVoice


Posted 3 months agoPress > ESAI EnergyLPGLiquified Petroleum Gas +4

Petchem LPG Demand Bounces Back

Global petchem use of LPG will expand by 140,000 b/d this year, according to ESAI Energy's newly published Global NGL Outlook . Last year, scarcity and high prices caused petchem demand to contract by 50,000 b/d and encouraged steam crackers to up their naphtha intake. This year, ESAI energy has be ...

OilVoice Press - OilVoice


Posted 4 months agoPress > PetchemLPGESAI Energy +4