Rystad Energy

🔋 GE Vernova has flagged a potential shortage of yttrium-stabilized zirconia - the thermal barrier coating that prevents turbine blades from failing at peak operating temperatures. Without it, turbines can’t run at full performance. And those same turbines are now core to powering AI data centers. Supply? China-controlled. This is what the critical minerals constraint looks like in practice: not a future risk, but a present-day bottleneck across AI infrastructure, defense and the energy transition. This week’s Let’s Talk Energy maps the full picture: • How China built this dominance • Why subsidies won’t close the gap • What next-gen processing tech could change the equation 🎧 Listen now: https://lnkd.in/eBnWJ3A9 #LetsTalkEnergy #RystadEnergy #energypodcast #criticalminerals #rareearths #AIinfrastructure #energygeopolitics #ep38

The Middle East crisis is repricing the energy transition, not reversing it. 𝗘𝗻𝗲𝗿𝗴𝘆 𝘀𝗲𝗰𝘂𝗿𝗶𝘁𝘆 𝗶𝘀 𝘁𝗵𝗲 𝗳𝗶𝗿𝘀𝘁 𝘀𝗵𝗼𝗰𝗸. Solar PV imports fall sharply: from 767→160 MWᴅᴄ (UAE) and 704→80 MWᴅᴄ (Saudi Arabia). Delays of 6–12 weeks are now feeding through supply chains. 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗮𝗹𝗹𝗼𝗰𝗮𝘁𝗶𝗼𝗻 𝗳𝗼𝗹𝗹𝗼𝘄𝘀. Freight rates rise. VAT rebates are removed. Silver prices increase. All three hit already-signed contracts. Auction bids reach $15/MWh. Risk premiums compress returns. 𝗥𝗲𝘀𝗶𝗹𝗶𝗲𝗻𝘁 𝗽𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼𝘀 𝗮𝗿𝗲 𝘀𝘁𝗶𝗹𝗹 𝗳𝗼𝗿𝗺𝗶𝗻𝗴. In Saudi Arabia, the UAE, Oman and Türkiye, delays are logistical - not strategic. The build-out continues. 𝗩𝗮𝗹𝘂𝗲 𝗰𝗿𝗲𝗮𝘁𝗶𝗼𝗻 𝗿𝗲𝗺𝗮𝗶𝗻𝘀 𝗶𝗻𝘁𝗮𝗰𝘁. A ~130 GWᴀᴄ pipeline is still in motion. Capital moves ahead of the recalibration. 𝗔𝘁 𝘁𝗵𝗲 𝗥𝘆𝘀𝘁𝗮𝗱 𝗘𝗻𝗲𝗿𝗴𝘆 𝗦𝘂𝗺𝗺𝗶𝘁𝘀, 𝘄𝗲’𝗹𝗹 𝘂𝗻𝗽𝗮𝗰𝗸 𝘁𝗵𝗲𝘀𝗲 𝗳𝗼𝗿𝗰𝗲𝘀 - energy security, capital allocation, resilient portfolios and value creation - and what they mean for your strategies ahead. 📅 𝗦𝗶𝗻𝗴𝗮𝗽𝗼𝗿𝗲 · 𝟯 𝗦𝗲𝗽 · 𝗛𝗼𝘂𝘀𝘁𝗼𝗻 · 𝟭𝟬 𝗦𝗲𝗽 · 𝗟𝗼𝗻𝗱𝗼𝗻 · 𝟲 𝗢𝗰𝘁  Three regions. One Energy Playbook. Choose where you want the conversation: https://lnkd.in/eeQgTs7p #RystadEnergy #RystadEnergySummits #energyevent #energysecurity #capitalallocation #resilientportfolios #valuecreation

Refineries account for 1.2 gigatonnes of CO2e every year. That number masks enormous variation across regions, facilities and crude slates. What that means in practice: •Asia is responsible for nearly 42% of global refinery emissions, yet its average emission intensity runs above its production share. •The US leads in absolute terms but operates some of the most carbon-competitive barrels among the top 10 refining nations. •China and India have added 140 million tonnes of CO2e per year since 2010. Decarbonisation strategies built on sector averages will miss the mark. Asset-level data is the starting point Rystad Energy has mapped emissions across more than 1,000 refineries globally, combining facility-level estimates, reported data and satellite measurements. 📊 Read our latest whitepaper now: https://lnkd.in/ew4Gkkhm #Refining #EmissionsData #CBAM #RystadEnergy

⚠️ The biggest constraint in the AI race may not be compute, power or chips. It’s critical minerals. New episode of Let’s Talk Energy is out now. China controls the processing capacity behind the minerals powering semiconductors, defense systems and AI infrastructure - and export restrictions are starting to expose just how dependent the West has become. In this episode, Noah Brenner is joined by Michael Walshe, CEO of Metallium Ltd, and Jeff Dickerson, Principal Advisory at Rystad Energy, to discuss: • Why refining - not mining - is the real geopolitical advantage • How pricing pressure is used to block competing supply chains • Why Western strategies can’t simply replicate China’s model • How breakthrough technologies are unlocking critical metals from e-waste • What emerging yttrium shortages could mean for AI and data center growth The next global chokepoint may not be oil. It may be critical minerals. 🎧 Listen now → https://lnkd.in/eyGH9iQy #LetsTalkEnergy #RystadEnergy #energypodcast #criticalminerals #rareearths #AIinfrastructure #energygeopolitics #ep38

How is the Middle East war squeezing jet fuel markets? ✈️ In the latest Let’s Talk Energy Q&A, Susan Bell joins Noah Brenner to discuss how the conflict is reshaping jet fuel supply, airline economics, and demand across key regions. The conversation covers: • Why jet fuel prices have risen faster than crude • Where the pressure is being felt most acutely across Asia, Europe and the Middle East • What a reopening of the Strait of Hormuz could mean for market recovery With around one million barrels per day of jet fuel supply lost, the aviation market is facing one of its most severe fuel squeezes in decades. Read the condensed Q&A and listen to the full episode: https://lnkd.in/epvki_na

With the launch of our Corporate Strategy Solution, we are addressing the challenge of helping both operators and banks 𝗺𝗮𝗸𝗲 𝘁𝗵𝗲𝗶𝗿 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 “𝗵𝗼𝘄” 𝗺𝗼𝗿𝗲 𝗲𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲. This solution captures consistent data, bringing transparency and depth to entities and metrics that are typically difficult to access or entirely unavailable. The dashboard is packaged with in-depth reports and commentaries on the most pressing issues facing the market, making it a one-stop shop for Corporate Strategy insights for decision makers. To explore the solution, download our Corporate Strategy Benchmarking Report for mid-size NOCs: https://lnkd.in/eghFpGx3 Olga Savenkova #RystadEnergy #corporatestrategy #oilandgas #decarbonization

⏳ The IEA has warned Europe could 𝗿𝘂𝗻 𝗼𝘂𝘁 𝗼𝗳 𝗷𝗲𝘁 𝗳𝘂𝗲𝗹 𝗶𝗻 𝘀𝗶𝘅 𝘄𝗲𝗲𝗸𝘀. The window to understand this market is closing fast. 𝗝𝗲𝘁 𝗳𝘂𝗲𝗹 𝗶𝘀 𝘁𝗵𝗲 𝘁𝗶𝗴𝗵𝘁𝗲𝘀𝘁 𝗽𝗿𝗼𝗱𝘂𝗰𝘁 𝗺𝗮𝗿𝗸𝗲𝘁 𝗿𝗶𝗴𝗵𝘁 𝗻𝗼𝘄, up over 105% in Europe and 110% in Asia, outpacing even the surge in crude. Rystad Energy's Susan Bell, Senior Vice President Upstream, walks through the supply picture, refining economics and what a Hormuz resolution would actually mean for the market. 🎧 Tune in now: https://lnkd.in/eMV8SWtd #LetsTalkEnergy #RystadEnergy #energypodcast #jetfuel #aviationfuel #oilmarkets #ep37

What began as an immediate supply shock is evolving into a broader reassessment of oil exposure, LNG procurement strategies and regional market resilience. The Middle East conflict is entering a new phase and Asia Pacific energy markets are responding. In this APAC Regional Webinar, our experts Gero Farruggio (GAICD), Lin Ye, Lu Ming, Pang and Prateek Pandey examine how the region is responding as the conflict enters its third month. Explore the full analysis: https://lnkd.in/ehkcERjF 𝗔𝗣𝗔𝗖 𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗪𝗲𝗯𝗶𝗻𝗮𝗿 | 𝗠𝗶𝗱𝗱𝗹𝗲 𝗘𝗮𝘀𝘁 𝗰𝗼𝗻𝗳𝗹𝗶𝗰𝘁: 𝗛𝗼𝘄 𝗶𝘀 𝗔𝘀𝗶𝗮 𝗿𝗲𝘀𝗽𝗼𝗻𝗱𝗶𝗻𝗴 𝘁𝗼 𝗲𝗻𝗲𝗿𝗴𝘆 𝗺𝗮𝗿𝗸𝗲𝘁 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆? • 𝗘𝘅𝗲𝗰𝘂𝘁𝗶𝘃𝗲 𝘀𝘂𝗺𝗺𝗮𝗿𝘆 • 𝗢𝗶𝗹 𝗺𝗮𝗿𝗸𝗲𝘁 𝘂𝗽𝗱𝗮𝘁𝗲: High oil prices in Asia: who is feeling the heat, who is holding up and for how long? • 𝗚𝗮𝘀 𝗺𝗮𝗿𝗸𝗲𝘁 𝘂𝗽𝗱𝗮𝘁𝗲: As the conflict enters its third month, how have LNG importers responded? • 𝗜𝗺𝗽𝗮𝗰𝘁 𝗮𝘀𝘀𝗲𝘀𝘀𝗺𝗲𝗻𝘁 𝗱𝗲𝗲𝗽 𝗱𝗶𝘃𝗲: Risks to regional barrels in ASEAN This webinar was broadcast live to clients at 10:00 AM SGT on Thursday, 14 May 2026.