Stratas Advisors

The global #oilindustry depends heavily on storage terminals. These facilities serve as essential waypoints in the #supplychain, holding inventory at different points. Stratas Advisors’ storage terminals database consists of information on 5,900 global terminals. Learn more about this NEW database >> https://buff.ly/3LztcuX

Last week’s price movement aligned with our expectations that disappointing economic news would put downward pressure on oil prices – and the economic news is not getting any better >> https://buff.ly/3WwzP7t #geopolitics #economy #supply #demand #oilmarket #traders #refining #oilandgas #OPEC+ #BidenAdministration #stratasinsights

Stratas Advisors tracks refining-related projects globally, regionally, and by function (i.e., #crude distillation, light #oil processing, conversion, and #hydroprocessing) and company. As of June 2024, the total number of projects under different stages of implementation is 236. At the same time, ten refineries are expected to be closed. Lastly, 47 projects have been completed from 2021 to date >> https://buff.ly/3SibOi3 #refiningoperations #oilandgas #energyindustry #investment #refinerycapacity #stratasinsights

We are expecting that economic news will put some downward pressure on #oilprices during the upcoming week. Data just released by #China shows that economic growth slowed in Q2 from 5.3% in Q1 to 4.7%, which is the weakest growth since Q3 of 2023. China’s #economy continues to be hampered by weak domestic #demand. China’s economic growth is also being hampered by its debt-ridden #realestate market and the elevated level of provincial debt. Read more in our weekly oil price outlook >> https://buff.ly/467aUe2 #geopolitics #supply #refining #traders #oilandgas #stratasinsights

The price of #Brent crude ended the week at $86.54 after closing the previous week at $85.00. The price of #WTI ended the week at $83.16 after closing the previous week at $81.54. The price of #DME Oman #crude ended the week at $86.38 after closing the previous week at $85.02. https://buff.ly/4bCvWlZ #geopolitics #economy #supply #demand #OPEC+ #refining #traders #oilandgas #stratasinsights

While #China marks significant steps toward a successful overall transition to #electricvehicles, a closer examination reveals a recent shift in consumer preferences favoring #PHEVs. Stratas Advisors highlights several factors influencing this shift >> https://buff.ly/3Vt3YTE #CleanTech #Hybrids #PluginHybrid #automotive #energytransition #stratasinsights

At the beginning of last week, we expected that after the significant gains of the previous two weeks price movement would be dampened because of economic and political uncertainty. We expect similar market action this week. Read more in our weekly oil price outlook >> https://buff.ly/3VPvtGW #geopolitics #economy #supply #demand #refining #traders #OPEC+ #oilandgas #stratasinsights

Starting from July 4, 2024, the #EU will impose an additional tariff of up to 38.1% on China-made #BEVs, charged on top of the current 10% duty. Stratas Advisors analyzes the impact of increased #tariffs on different #OEMs, estimating final vehicle prices of best-selling Chinese BEVs compared to Western models. https://buff.ly/3xl1WwN #automotive #electricvehicles #imports #energytransition #oilandgas #stratasinsights

Carbon Capture, Utilization, and Storage (CCUS) is crucial for addressing #carbonemissions associated with hard-to-abate industrial sectors and the #powergeneration sector that will continue to rely on #fossilfuels for the foreseeable future. Learn more about CCUS in our recent insight >> https://buff.ly/3zlRFB6 #oilandgas #energyindustry #carboncapture #stratasinsights

With the adoption of the new Gas and #Hydrogen Market Package, the #EU plans to phase out unabated #fossil gas from 2049 as it ramps up #biogas and hydrogen uptake. Stratas Advisors analyzes the implications of the package, comparing future #gas, biogas, and hydrogen #demand projections in the EU against the bloc's targets. https://buff.ly/3XHYw1R #energytransition #oilandgas #stratasinsights