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 […]
Supported an oil refiner in optimizing biofuels strategy for carbon reduction
ADI supported an integrated oil refiner in evaluating and optimizing its biofuels strategy as part of a larger program to meet carbon reduction obligations. Our contributions included: Contact us to learn more
Led a biofuels study for a European refining independent considering entry into the North American market
ADI led an in-depth biofuels study for a European refining independent considering entry into the North American market. Key contributions included: Contact us to learn more
2024 Refining and fuels outlook: A cautious outlook for 2024
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 […]
2023 Refining Industry Outlook: A year of recalibration
Going into this past year, 2022 was meant to be the beginning of the end for petroleum refiners, but another spanner was thrown in the works. With most countries coming out of lockdown and entering post-COVID life, the expectations were that a lot of the trial and tribulations of the past two years would leave […]
February 2017: Oil & Gas, Energy, and Chemicals Outlook in 2017
February 2017- ADI Analytics conducted a webinar to speak on the outlook for oil & gas, energy, and chemicals for 2017. ADI’s CEO, Uday Turaga presented this outlook while keeping upcoming changes in mind such as the OPEC deal, Donald Trump’s election, Brexit, slowing emerging economics, electric vehicles, and new regulations. Each were included across five segments: […]
December 2018: U.S. Refining Market Overview- USTDA Egypt Refineries Modernization Reverse Trade Mission
December 2, 2018- The Egypt Refineries Modernization Reverse Trade Mission was held in both, Washington, D.C. and Houston, TX from December 2-13, 2018. This event was organized to help U.S. companies win the procurement contracts associated with Egypt’s plan to upgrade its oil refineries and modernizing its petroleum ports. ADI Analytics had the pleasure to take […]
Understanding Octane Value in North America
The value of an octane barrel has risen significantly in recent years going from $2.10 in 2010 to $3.99 in 2015. This has surprised industry analysts since the refining industry has been blending a growing amount of ethanol, which has an octane rating of ~113, and the general consensus was that the industry had a […]
The return of the refiner?
Refiners have seen cause for growing optimism in the past few months, especially those in the U.S. Gulf Coast, Rockies, and the Midwest. Three factors are driving prospects of a renewal after nearly five difficult years: 1. Supply rationalization: Nearly 4.5 million barrels per day of refining capacity has disappeared in the past five years. […]
