Our Barrel Report series consists of four monthly reports that provide comprehensive coverage of crude oil, light distillate, middle distillate, and fuel oil/residue markets. These reports offer expert-level fundamental coverage of individual fuels with consistent model-driven projections in a succinct chart-heavy format.
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Crude Oil Barrel
Crude Oil Barrel (COB)
Our Crude Oil Barrel report provides detailed analysis on global crude supply, demand, balances, trade flows and pricing. A data Excel add on also allows clients to plug JBC Energy’s proprietary fundamental data into their own models.
- Released no later than the first business day after the Saudi Arabian Official Selling Prices.
- Data and charts on all relevant aspects of crude oil demand, supply, balances, trade flows, and pricing.
- Expert-level fundamental coverage and consistent model-driven projections in a succinct chart & bullet point style.
- Optional monthly data compilation is also available.
Issue 10 - 6 Oct'21
Crude fundamentals look less supportive than last month's outright price rally suggests.
Issue 9 - 6 Sep'21
US crude supply has been massively impacted by Hurricane Ida, reducing Gulf of Mexico production to 1.6 million b/d in August.
Issue 8 - 5 Aug'21
A combination of rising COVID-19 cases in Asia-Pacific and the largest US stockbuild since March sent outright crude prices down in early August.
Issue 7 - 8 Jul'21
OPEC+ failed to provide guidance to crude markets by not agreeing to an output policy for August and beyond.
Bottom of the Barrel
Bottom of the Barrel (BoB)
Our Bottom of the Barrel report offer expert analysis of the fuel oil market and beyond. Each report covers the fundamentals of the various residues and the interplay between them and provides detailed forecasts for what this means for bunker fuels, secondary feedstocks, and demand from the power segment.
- BoB covers VLSFO, HSFO, LSSR, HSSR, LSVGO, HSVGO, and bitumen markets.
- Data and charts on all relevant aspects of demand, supply, balances, trade flows, and pricing
- Expert-level fundamental coverage and consistent model-driven projections in a succinct chart & bullet point style.
- Optional monthly data compilation is also available.
Issue 10 - 6 Oct'21
Headwinds for residue barrels in the Atlantic Basin ahead. Hydrogen will not be the answer to the bunkering mix conundrum, but do not overlook it!
Issue 9 - 3 Sep'21
Fuel oil. VGO. Crude slate getting heavier.
Issue 8 - 5 Aug'21
-Outcome of July EU meeting sets the stage for low carbon shipping -Balances outlook to 2024 -Extra powergen demand for FO from sky-high LNG prices
Issue 7 - 8 Jul'21
-Key parts of EEXI to only be implemented in 2024 -Ruwais outage -VLSFO weakness
Middle of the Barrel
Middle of the Barrel (MoB)
The Middle of the Barrel report offers comprehensive coverage of global middle distillate markets. Each report starts with our key messages of the month for gasoil, diesel and jet, kero markets where we highlight the potential opportunities and threats in the coming months for the middle distillate cut of fuels.
- MoB covers gasoil, diesel, VGO, MGO, jet fuel, kerosene and more.
- Data and charts on all relevant aspects of demand, supply, balances, trade flows, and pricing
- Expert-level fundamental coverage and consistent model-driven projections in a succinct chart & bullet point style.
- Optional monthly data compilation is also available.
Issue 10 - 5 Oct'21
Are Tighter than Average US Diesel Markets Here to Stay?
Issue 9 - 2 Sep'21
Global Jet Fuel Balances Are Tightening, but With Strings Attached
Issue 8 - 6 Aug'21
Arb windows provide some relief to Asian jet fuel producers
Issue 7 - 6 Jul'21
Asian sulphur spreads fuelled by regulatory changes
Top of the Barrel
Top of the Barrel (ToB)
The Top of The Barrel report dives into the latest monthly developments for the world’s leading transportation fuel, gasoline, as well as for petrochemical feedstocks. Regular readers can comfortably navigate their way around this increasingly complex, but ever important segment of the market. Each month in each edition petrochemical feedstock demand is given its own dedicated coverage.
- ToB covers LPG, naphtha, and gasoline.
- Data and charts on all relevant aspects of demand, supply, balances, trade flows, and pricing
- Expert-level fundamental coverage and consistent model-driven projections in a succinct chart & bullet point style.
- Optional monthly data compilation is also available.
Issue 10 - 7 Oct'21
Mogas-Diesel spreads have undertaken their expected weakening, with the recent rally in diesel cracks helping to keep refining margins relatively elevated. The demand recovery continues, but risks from COVID and the Chinese power crunch remain.
Issue 9 - 8 Sep'21
Support for light ends is coming under seasonal pressure, but several secondary support factors remain in place.
Issue 8 - 11 Aug'21
Light end cracks have continued to perform well over recent weeks, but we increasingly see signs that a correction is on the cards.
Issue 7 - 9 Jul'21
We remain bullish concerning the summer light end demand recovery, despite some emerging downside risks.
Barrel Data Compilation
Clients who subscribed to all four Barrel Series Reports, will receive this a special monthly Excel data sent out at no extra charge.
- Excel file containing our monthly supply, demand, and balance data for crude and products, split by region and sub-region
- Detailed refinery capacity and refinery operations data also included
- Forward demand cover and observed inventory data also provided
Having had the chance to cross paths with the work conducted by JBC Energy in several occasions, I could attest to the accurate statistics and information behind their work in the energy sector. Their high-quality indicators and reports regarding the energy market showcase both strong analytics and unbiased studies. Their expertise in the field aided by their extensive years in this domain make this research institute both well-grounded and reliable. I would recommend JBC Energy to anyone looking for thoughtful, measured and independent analysis of the energy markets worldwide.
- Adrian Jasimi, Oil Expert at Energy CommunityBenigni on Oil Markets, Issue 8 August 2019
In Issue 8 of our Benigni on Oil Markets report, we argued that the forward mogas vs diesel summer 2020 spread was completely undervalued on account of weakening gasoil/diesel and strengthening mogas in line with our IMO forecasts. Within a matter of weeks of our forecast, mogas began strengthening relative to gasoil over the relevant period.