In a series of blogs, ADI has provided a snapshot of the refining industry landscape in major Latin American that rely on imports to meet fuel demand. We have covered Brazil, Mexico, Chile, and Ecuador so far. In the last blog of this series, today we will be discussing Peru. This blog series draws on […]
Latin America’s growing reliance on U.S. fuel exports: Part IV − Focus on Ecuador
ADI has so far, provided a snapshot of the refining industry landscape in Latin American countries in a series of blogs covering Brazil, Mexico, and Chile. In today’s blog, we will be discussing Ecuador, which also relies on imports to meet the country’s fuel demand. This blog series draws on our extensive research and consulting […]
Latin America’s growing reliance on U.S. fuel exports: Part III − Focus on Chile
As a part of ADI’s on-going series of blogs covering refining and fuel demand across major Latin American countries, so far we have covered Brazil and Mexico. This blog series draws on our extensive research and consulting on refining in Latin America from our recent multi-client study, “Market Outlook for U.S. Refined Products Exports to […]
Latin America’s growing reliance on U.S. fuel exports: Part II − Focus on Mexico
ADI is continuing its on-going series of blogs covering the refining industry across major Latin American countries that account for the bulk of the U.S. fuel exports to the region. The blog series will cover Brazil, Mexico, Chile, Ecuador, and Peru and will draw on our extensive research and consulting on refining in Latin America […]
The future of jet fuel markets
In early July, my flight back home to Houston after my first trip following the COVID-19 pandemic was canceled because the Colorado Springs airport ran out of jet fuel. What then seemed to me like a fluke event was actually part of a pattern that was replicated over the summer this year at several tourist […]
Latin America growing reliance on U.S. fuel exports: Part I Brazil
Latin America fuel supply hasn’t been able to meet the region’s fuel demand for the past several years mainly due to its refineries’ low utilization rates and a lack of investments in refinery upgrades and expansions. In addition, refining capacity has been insufficient in key Latin American countries. As a result, the region has been […]
ESG trends in refining
Environmental, Social, and Governance (ESG) issues have been all the rage in the oil and gas industry. These have impacted upstream, midstream, and downstream as we have written in the past. Refining is no exception and is facing considerable pressure. Last week, Phillips 66 and Marathon Petroleum both announced plans to partner with Southwest Airlines […]
Future of refining –Rationalize, reduce, and repurpose
The global refining sector has been severely hit by the outbreak of COVID-19 pandemic with dramatic cuts to fuel demand. In 2020, global oil demand was ~ 91.3 million barrels per day (MMbpd), almost 9% lower year over year. Most of the fuel demand destruction came from the transportation sector as countries across the world […]
Pandemic continues to push U.S. refinery closures and shift to renewable fuels
U.S. refiners and integrated oil majors have announced several permanent closures of refineries with some planning to convert them into renewable fuels plants. The trend that started in 2019 has accelerated recently due to extended transportation fuel demand losses induced by the COVID-19 pandemic. Over the past year, U.S. refiners and integrated majors have announced […]
Renewable diesel: The wave that keeps rising
Phillips 66 is planning to convert its San Francisco refinery in Rodeo, California into a plant that by starting 2024 will mainly produce renewable diesel along with some sustainable gasoline and jet fuel. The Rodeo refinery already has an existing renewable diesel project underway that is expected to be completed by 2021 and both projects […]
