At the same time, the Biden administration presses them (for now) to ramp up refinery output. ESG-minded investors urge them to invest more in renewables. Refiners and other energy industry players continue to navigate these uncertain waters. In fact, we’ve already seen evidence that “black swan” events like the Covid pandemic and Russia’s war on Ukraine can blow big holes in energy transition plans and that the realities associated with a massive, fast-paced shift to wind and solar power, electric vehicles (EVs) and renewable fuels can undermine those plans as well.

But as important as it is to set goals - and provide sticks and carrots to help meet them - there’s no guarantee that the ambitious targets for renewables, energy conservation and the rest will be achieved. Still, we’ve gotta say, the blog - and the report - delve into a number of critically important topics for a wide range of energy-industry participants and investors.Īround the world, many governments, corporations and investors continue to press for an aggressively paced transition to low- and no-carbon sources of energy.

Warning: Today’s blog is a blatant advertorial for the “Future of Fuels” report. and global supply and demand for gasoline, diesel, jet fuel and biofuels over the short-, medium- and long-term. In the encore edition of today’s RBN blog, we discuss key findings in “Future of Fuels,” a new, in-depth report by RBN’s Refined Fuels Analytics practice on everything you need to know about U.S. These factors, which will fuel the prospects for constrained supply and higher-for-longer demand, have far-reaching implications, not only for refinery owners but also for E&Ps, midstreamers, exporters, energy industry investors and policymakers, all of whom need to gain a clearer understanding of what’s just ahead - and what’s over the horizon, just out of sight. The second is a growing gap between policymakers’ aggressive energy-transition goals and the global pivot to a renewed focus on energy security brought about by the Russia-Ukraine war and worries about China’s global ambitions. The first is the understandable reluctance of refiners to expand capacity in the face of climate policy and ESG headwinds.

Over the next couple of years - and the next couple of decades - global supply/demand dynamics in refined products markets will be driven by two critically important factors.

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