Vitol

In our recently published long term oil demand outlook, we highlight some of our current thinking given the information we have at present and in the context of an evolving energy mix. Our outlook for road transport fuel demand hinges on the pace of electrification for vehicles, particularly for passenger cars and HCVs. Currently, the growing availability of electric vehicles and plug-in hybrid vehicles for individual and commercial use is transforming the road transport market. For the first time, road transport continues to grow, but without a corresponding rise in the demand for petroleum fuels. Based on our current forecast trajectory, road transport fuels are likely to remain a large portion of consumption, but their share of total demand is anticipated to decline to represent just under 40% of the barrel by 2040. If, however, progress in electrification stalls, road transport fuel demand could increase significantly. Explore our outlook for road transport fuel demand at https://lnkd.in/ee7SEF4D #oil #commodities #trading #OilOutlook #OilDemand #RoadTransport #RoadFuelDemand #RoadFuel #Gasoline #Diesel #Electrification #Cars #HCV #LCV #Buses #Coaches

‘People overestimate the degree of change achievable in the short term, but underestimate the scale of transformation possible over the long term,’ commented Clive Christison, Head of investment and origination at Vitol during the strategic roundtable - 'Reinventing Energy Scenarios for the 21st century' at #CERAWeek on Wednesday. 'While scenarios are important to support an outlook and forecasts, it is critical to stress test these, and it should always be the fundamentals that inform thinking.' 'This remains the case in the current hectic news cycle; the level of uncertainty and the speed at which changes are communicated creates a lot of noise, but ultimately it is the understanding of the fundamentals that support optimal responses. The granular view is key as events have very different impacts depending on the sector, geography, market etc.' 'Similarly when considering the medium term – 3 to 5 years – uncertainty likely comes from more cyclical drivers rather than structural factors. Far better to spend time understanding the underlying market drivers and make a pragmatic call.' #InvestmentScenarios #fundamentals 

Detailed and insightful discussion from Eduard Ruijs, head of transition at Vitol, and co-lead of our investments and origination function, and fellow participants during the Climate hub session, ‘How to drive capital into the #EnergyTransition’   Starting with how much the landscape has changed over his career, Eduard focused on the lessons learnt from the early-2000s; the importance of government support mechanisms and predictable and progressive #regulation that supports a positive investment environment, motivation to achieve scale and associated cost reductions.   He noted that, over time, #renewables have progressed closer to grid parity, leading to real momentum, and the transition of big utilities and oil companies to energy companies with ambitious renewables ambitions.   Fast forward to the early 2020s; the energy transition investment environment was at its height, and ultimately led to an overvaluation of underlying transitional assets in the market, as investors believed the energy transition boom would endure.   Since then, Eduard commented that, there are political headwinds in some regions, as governments and large energy companies are recalibrating their transition strategies. In addition low carbon energy systems have become significantly more complex, so investors need to have a very keen understanding of energy markets, and the different solutions - like power management, #offtake agreements – in combination with capital, needed to make #sustainable investments work.   Bullish on the continuation of the energy transition over the coming years, Eduard highlighted the approach in some developing economies where known challenges like intermittency are addressed at tender stage, requiring developers to provide round the clock energy solutions, intrinsically demanding hybrid projects combining solar and wind, and also the incorporation of #BatteryEnergyStorageSystems. In addition, he emphasised the benefits of distributed solutions that renewables can offer in places where there is a lack of core infrastructure. For more on Vitol's sustainable investments visit: https://lnkd.in/eWbfjKbv

It was a lively conversation on Monday as Russell Hardy, CEO, Vitol participated in the #CERAWeek plenary session, ‘Doing business in a multi-speed world’. The panel touched on short and long term #oil and #gas demand, navigating a fast changing geopolitical and economic environment, and planning for the #EnergyTransition. Russell opined that in the longer term it is likely that #OilDemand will fundamentally decline; after a peak, reaching similar levels in 2040 as we see today, while #LNG will continue to be used for power, as well as increasingly as a transition fuel particularly for heavy road transport and in maritime. In the short term, #fundamentals of #supply and #demand and geopolitics suggest it is likely that there’ll be some uncertainty ahead, with oil staying within the $60-$80 per barrel range. For more on our long term oil demand outlook, see https://lnkd.in/e_E-wU3S

Looking forward to a jam-packed CERAWeek with a raft of engaging speakers. If you’re attending, don’t miss some of Vitol’s experts sharing their insights in sessions throughout the week: Russell Hardy, CEO, Vitol on the plenary panel – Doing Business in a Multi-Speed World | Monday March 10 11:15-11:55AM Ben Marshall, President and CEO, Vitol Inc. at the Executive Insight Dinner – Economics, Trade and Supply Chain: Turbulence ahead? | Monday March 10 7:00-8:30pm Eduard Ruijs, Head of transition, Vitol at the Innovation Agora, Climate hub - How to Drive Capital into the Energy Transition | Tuesday March 11 2:00 – 2:30pm Clive Christison, Head of investment and origination, Vitol at the strategic roundtable - Reinventing Energy Scenarios for the 21st century | Wednesday March 12 10:30 am - 11:35 am Dylan Seff Head of Americas utilities and global sustainable energy, Vitol on the plenary panel – US Power Market Designs | Thursday March 13 12:00-12:40pm We’ll be sharing highlights and key takeaways across the week. #CERAWeek #EnergyTransition #Commodities #Energy

👀 Keen to get experience on a trading desk? Meet Greyson. Greyson is a commercial analyst (CA) lead in Houston. From deal accounting, to a commercial analyst, to being lead CA on his desk. Greyson has grown his career at Vitol. Working closely with traders, operators and researchers, commercial analysts hold the day-to-day activity on trading desks together. It’s fast-paced, with analysts having to react to ever-changing markets shaped by real events in real time. It’s a job in the centre of the action, aiding commercial decisions and helping our operations come together. Vitol’s commercial analysts are great problem solvers, tech-savvy and able to talk to a broad range of people. Curious to know more? Watch Greyson’s story below 👇 Find out more about a career at Vitol here: https://lnkd.in/ePqpdh7B #VitolisYou #trading #oil #natgas #commodities #careers

We're delighted to announce the signing of a long term gas supply deal into the #Philippines with LNGPH. Pablo Galante Escobar, head of #LNG and executive committee member, commented: 'We are pleased to build on the existing relationship between Vitol and SPPC/EERI and to conclude this long-term LNG supply deal together. The Philippines is a growing LNG market and we are excited to bring LNG supply from our global LNG portfolio to meet this rising LNG demand in the country.' Read the full press release: https://lnkd.in/e-99Qz8i #energy #NatGas

In our recently published long term oil demand outlook, we highlight some of our current thinking given the information we have at present, and in the context of an evolving energy mix. Despite increasing use of Sustainable Aviation Fuel (SAF) over our forecast period to 2040, we anticipate that petroleum-derived jet fuel will increase as a proportion of the product barrel, likely reaching around 10% by 2040. We do not expect peak demand for petroleum-derived jet fuel before then. Explore our outlook for aviation fuels at https://lnkd.in/eqw3KR7q #oil #commodities #trading #OilOutlook #OilDemand #Aviation #JetFuelDemand #Kerosene #JetKero #SAF #SustainableAviationFuel

VTTI and Pyrum Innovations AG plan to develop a waste tyre recycling #thermolysis plant at VTTI's Antwerp Terminal; diversifying VTTI's #energy portfolio and contributing to the #CircularEconomy.

As part of #InternationalEnergyWeek 2025 in London, it was a pleasure to welcome Dr Amrita Sen, Founder and Director of Research, Energy Aspects to Vitol’s annual women in energy event. In conversation with Russell Hardy, Vitol CEO, Amrita talked about her professional journey and the challenges of building and managing a successful energy research business. From start up to industry leader in 13 years, Amrita provided insights into some of the reasons for her own and Energy Aspect’s success; the importance of focus and confidence, and understanding one’s strengths.