Petroleum refiners globally are experiencing reduced margins in 2024 compared to the previous year, as illustrated in Exhibit 1. The 3:2:1 crack spread has fallen sharply in several regions. Amsterdam-Rotterdam-Antwerp (ARA) has seen its refinery margins fall from $24/bbl to $8/bbl, a drop of 66%. Los Angeles has also faced a sharp decline, with margins […]
From Russia with love: Tracking Russia’s fossil fuel market
Ever since Russia invaded Ukraine on February 24, 2022, western countries have spent a lot of time cutting ties with Russia and enacting sanctions to financially pressure them, with a particular emphasis on their fossil fuel industry. With more than a year passing since the start of this war, in this blog, we take look […]
ICE car bans: What? Where? When?
Internal combustion engine (ICE) vehicles have been commercially available since the late 1800s when Carl Benz patented the now historic Benz Patent Motor Car, model no. 1, and for over 100 years they have been integral to transportation around the world. But now with the world advancing with energy transition, we are seeing steps towards […]
Energy security over energy transition
From the start of the Russia-Ukraine war, we have seen global interest fragment across both energy transition and energy security. With several countries being overly reliant on Russian oil and gas, we saw a return to energy sources that the world had been weaning off. For example, Exhibit 1 shows how coal, oil, and nuclear […]
Renewables versus fossil fuels: Who is winning the funding battle?
Following the pandemic-induced recession and drop in investments in 2020, global investments in energy have increased. Investments in both fossil fuels and renewables have steadily increased, with renewable energy gaining the most. In fact, investments in renewable energy (solar and wind) are set to surpass oil and gas for the first time ever, with $494 […]
German energy markets: Between a rock and a hard place
Energy prices have soared throughout Europe since the beginning of the year. The crisis is particularly acute in the EU’s largest economy, Germany, which relies heavily on Russian gas for its economy. Recent events have exacerbated the problem and the German government is taking actions to combat the effects of the crisis on its people […]
2022 Midstream Outlook: Challenging times ahead
Midstream companies will cut back on capital spending in 2022 significantly by over 50% from 2021 The projections for capital spending in 2022 by large midstream players show a consistent trend of cutting back from 2021 spending. For example, Kinder Morgan expects to cut $1 billion in capital spending while Enbridge has announced a capex […]
February 2020: ADI Joins U.S. DOE At A Small Scale Workshop in Europe
February 5, 2020- During the “Small-Scale Liquefied Natural Gas Deployment in Central and Eastern Europe” Workshop that was held in Tirana, U.S. Department of Energy (DOE), assistant secretary, Steven Winberg mentioned ADI Analytics’ effort in developing a technical and policy study on the prospective benefits of small-scale LNG in the region of Albania. Remarks by Assistant Secretary Steven Winberg | U.S. Embassy in […]
LNG shipping rates: What fuels the spike?
The U.S. is rapidly emerging as a major exporter of LNG, and especially of cargoes sold on a spot basis to various countries around the world. In light of this, LNG shipping rates are important to the sector’s competitiveness. Daily LNG charter rates are increasing surprisingly and quickly after being stable and low for two […]
Learning from the European LNG infrastructure build-out
We recently wrote about LNG cruise ships and how one of the largest barriers to adopting LNG as a marine fuel in North America is the lack of bunkering infrastructure. We also noted that European LNG bunkering infrastructure is significantly more robust than in North America. One reason for this is that the European Union […]
