Industry: Refining & fuels

On November 5th Americans will vote for their next president. This election can feel like déjà vu, as the two main candidates are the same as in 2020. According to current polls and reports, the race is expected to be tight. The first debate is scheduled for June 27th and might help inform voters – […]

As discussed in a previous blog, AI is expected to drive growth in the global economy and the oil and gas industry is no exception. AI is being implemented across the oil and gas value chain and finding uses in everything from exploration to refining. In exploration, AI and machine learning (ML) tools are being […]

Natural gas prices are hitting rock bottom, with Henry Hub averaging a mere $1.49 in March 2024, the lowest monthly average since 1997. Shale operators are responding by curtailing production. Chesapeake, a leading producer, started the trend with cuts announced in early March. Other companies like Coterra Energy, Comstock Resources, EQT, and CNX Resources have followed suit, reducing drilling activity or implementing production curtailments. ADI anticipates […]

Recent developments in artificial intelligence (AI), machine learning (ML), cloud computing, and other technologies are leading to rapid implementation in various industries around the world. These developments have only been possible due to recent increases in computing power and availability of vast datasets needed to train AI programs. This along with improved algorithms for training […]

Ammonia is mainly used in fertilizer production which represents ~70% of global ammonia demand. A rising population is expected to support consistent ammonia-based fertilizer demand growth in the medium term. Traditionally, ammonia has been produced via steam methane reforming (SMR) or auto-thermal refining (ATR) of methane gas which can emit 1.9 to 2.6 tons of […]

Hydrocarbon-rich off-gas streams from distillation, conversion, cracking, and other processes are collected to heat various processes throughout refineries and petrochemical plants. Examples of these off-gas streams include still gas, the top product from a refinery’s distillation column, and steam cracker tail gas, which is composed mostly of methane and hydrogen. Aggregation of these off-gas streams […]

At the 2024 ADI Forum, Tim Adams, VP, Corporate Strategy, Hunt Refining, presented a keynote address, followed by a moderated session with Uday Turaga, CEO, ADI Analytics. Key topics included refining strategy, energy transition, and the asphalt business. Refiners were strategically adapting to market shifts by focusing on heavy crude processing and viewing energy transition […]

At the 2024 ADI Forum, Uday Turaga, CEO, ADI Analytics, presented an outlook of anticipated trends, challenges, and opportunities within the oil and gas industry for 2024. Key topics included stable oil prices despite global events, an oversupplied natural gas market, and limited midstream growth. US refining was moderating, while capex grew slowly due to […]

At the 2024 ADI Forum, Mike Reed, CEO, Renewable Biofuels, and Chris Efird, CEO, NXTClean Fuels, joined Panuswee Dwivedi, Project Manager, ADI Analytics for the fuels and refining panel Key topics included the slowdown in U.S. refining capacity due to biofuel conversions, the complex market dynamics and regulatory challenges for biofuels (especially SAF). Also discussed […]

While the broader sentiment around energy transition turned more pessimistic in 2023, investments in clean energy and related technologies still increased by more than 20%. This included renewables, biofuels, and a wide range of low-carbon solutions. Despite this growth, we anticipate a more measured pace of progress in 2024, as reflected in the following themes: Overall, 2024 shapes up to be a […]

The global refining industry had an unexpectedly strong year in 2023 with strong demand recovery especially in diesel and jet fuel and high crack spreads not seen in many years leaving many refiners with strong balance sheets and optimism about the future.  Against this context, we anticipate a far more mixed outlook for the refining […]

The aviation industry’s increasing adoption of Sustainable Aviation Fuel (SAF) seems promising. However, this transition also highlights challenges related to the availability of feedstock and presents obstacles to meeting production targets. The ongoing expansion of the SAF market, along with various policy initiatives, has garnered the interest of other nations, including Brazil. Given its substantial […]