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<br /> S&P Global Platts<br /> December 2018<br /> US midterm<br /> The five themes<br /> elections:<br /> to watch next year<br /> energy impact<br /> Celebrating ye s<br /> How blockchain Disruptors,<br /> could disrupt dealmakers and<br /> commodities new developments<br /> Looking ahead to<br /> <br /> Insight<br /> ISSN 2153-1528 (print)<br /> ISSN 2153-1536 (online)<br /> Publisher<br /> Murray Fisher, +1 720 264 6644<br /> murray.fisher@spglobal.com<br /> Editor<br /> Mark Pengelly, +44 20 7176 8621<br /> mark.pengelly@spglobal.com<br /> Copy Editors<br /> Maurice Geller, James Leech,<br /> Jonathan Loades-Carter<br /> Production Manager<br /> David Sullivan, +44 20 7304 0268<br /> david.sullivan@spglobal.com<br /> Production Office<br /> 1800 Larimer, Suite 2000<br /> Denver, CO 80202<br /><a title="2018 GEA Insight Magazine page 1" href="https://secure.viewer.zmags.com/publication/187571e3?page=1"> S&P Global Platts December 2018 </a> <a title="2018 GEA Insight Magazine page 2" href="https://secure.viewer.zmags.com/publication/187571e3?page=2"> </a> <a title="2018 GEA Insight Magazine page 3" href="https://secure.viewer.zmags.com/publication/187571e3?page=3"> Insight ISSN 2153-1528 (print) ISSN 2153-1536 (o</a> <a title="2018 GEA Insight Magazine page 4" href="https://secure.viewer.zmags.com/publication/187571e3?page=4"> Contents December 2018 09 14 42 9 Five commodity</a> <a title="2018 GEA Insight Magazine page 5" href="https://secure.viewer.zmags.com/publication/187571e3?page=5"> 54 62 54 Lithium-ion batteries: in the fast lane </a> <a title="2018 GEA Insight Magazine page 6" href="https://secure.viewer.zmags.com/publication/187571e3?page=6"> Editor’s Note In an increasingly fast-paced indus</a> <a title="2018 GEA Insight Magazine page 7" href="https://secure.viewer.zmags.com/publication/187571e3?page=7"> </a> <a title="2018 GEA Insight Magazine page 8" href="https://secure.viewer.zmags.com/publication/187571e3?page=8"> 8 Insight </a> <a title="2018 GEA Insight Magazine page 9" href="https://secure.viewer.zmags.com/publication/187571e3?page=9"> Five commodity themes for 2019 As the curtain cl</a> <a title="2018 GEA Insight Magazine page 10" href="https://secure.viewer.zmags.com/publication/187571e3?page=10"> Five commodity themes for 2019 </a> <a title="2018 GEA Insight Magazine page 11" href="https://secure.viewer.zmags.com/publication/187571e3?page=11"> China is Asia’s biggest oil consumer. Before trad</a> <a title="2018 GEA Insight Magazine page 12" href="https://secure.viewer.zmags.com/publication/187571e3?page=12"> Five commodity themes for 2019 player </a> <a title="2018 GEA Insight Magazine page 13" href="https://secure.viewer.zmags.com/publication/187571e3?page=13"> essentially, clients value five things in a law fir</a> <a title="2018 GEA Insight Magazine page 14" href="https://secure.viewer.zmags.com/publication/187571e3?page=14"> Nigeria’s power struggles Nigeria’s power strug</a> <a title="2018 GEA Insight Magazine page 15" href="https://secure.viewer.zmags.com/publication/187571e3?page=15"> 2019 elections Now, the country faces a fresh ch</a> <a title="2018 GEA Insight Magazine page 16" href="https://secure.viewer.zmags.com/publication/187571e3?page=16"> Nigeria’s power struggles Despite the oil p</a> <a title="2018 GEA Insight Magazine page 17" href="https://secure.viewer.zmags.com/publication/187571e3?page=17"> Reforms needed Nigeria’s oil sector is in urgent</a> <a title="2018 GEA Insight Magazine page 18" href="https://secure.viewer.zmags.com/publication/187571e3?page=18"> What do the midterms mean for energy? What do t</a> <a title="2018 GEA Insight Magazine page 19" href="https://secure.viewer.zmags.com/publication/187571e3?page=19"> What do the midterms mean for energy? </a> <a title="2018 GEA Insight Magazine page 20" href="https://secure.viewer.zmags.com/publication/187571e3?page=20"> Midterms 2018: Fractious election yields mixed re</a> <a title="2018 GEA Insight Magazine page 21" href="https://secure.viewer.zmags.com/publication/187571e3?page=21"> After the dust settled on an unusually contentiou</a> <a title="2018 GEA Insight Magazine page 22" href="https://secure.viewer.zmags.com/publication/187571e3?page=22"> What do the midterms mean for energy? Conti</a> <a title="2018 GEA Insight Magazine page 23" href="https://secure.viewer.zmags.com/publication/187571e3?page=23"> </a> <a title="2018 GEA Insight Magazine page 24" href="https://secure.viewer.zmags.com/publication/187571e3?page=24"> Carbon’s big comeback Carbon’s big comeback Af</a> <a title="2018 GEA Insight Magazine page 25" href="https://secure.viewer.zmags.com/publication/187571e3?page=25"> 2013 in the wake of a second economic slowdown in</a> <a title="2018 GEA Insight Magazine page 26" href="https://secure.viewer.zmags.com/publication/187571e3?page=26"> Carbon’s big comeback or future oversupply.</a> <a title="2018 GEA Insight Magazine page 27" href="https://secure.viewer.zmags.com/publication/187571e3?page=27"> Carbon’s big comeback There are also other </a> <a title="2018 GEA Insight Magazine page 28" href="https://secure.viewer.zmags.com/publication/187571e3?page=28"> Insight Conversation: Jeffrey Currie Insight Co</a> <a title="2018 GEA Insight Magazine page 29" href="https://secure.viewer.zmags.com/publication/187571e3?page=29"> It’s all a question of time. Always, when we ask </a> <a title="2018 GEA Insight Magazine page 30" href="https://secure.viewer.zmags.com/publication/187571e3?page=30"> Insight Conversation: Jeffrey Currie “When w</a> <a title="2018 GEA Insight Magazine page 31" href="https://secure.viewer.zmags.com/publication/187571e3?page=31"> Now to understand why it’s not having a big impac</a> <a title="2018 GEA Insight Magazine page 32" href="https://secure.viewer.zmags.com/publication/187571e3?page=32"> European gas: feeling the pressure European gas</a> <a title="2018 GEA Insight Magazine page 33" href="https://secure.viewer.zmags.com/publication/187571e3?page=33"> European gas: feeling the pressure German LN</a> <a title="2018 GEA Insight Magazine page 34" href="https://secure.viewer.zmags.com/publication/187571e3?page=34"> Spy story The Russian “threat” has also led the </a> <a title="2018 GEA Insight Magazine page 35" href="https://secure.viewer.zmags.com/publication/187571e3?page=35"> European gas: feeling the pressure Euruopreo’</a> <a title="2018 GEA Insight Magazine page 36" href="https://secure.viewer.zmags.com/publication/187571e3?page=36"> European gas: feeling the pressure Shah Deniz 2</a> <a title="2018 GEA Insight Magazine page 37" href="https://secure.viewer.zmags.com/publication/187571e3?page=37"> European gas: feeling the pressure Impact of p</a> <a title="2018 GEA Insight Magazine page 38" href="https://secure.viewer.zmags.com/publication/187571e3?page=38"> Presidents and prices: revisited Presidents and</a> <a title="2018 GEA Insight Magazine page 39" href="https://secure.viewer.zmags.com/publication/187571e3?page=39"> The price of US-made steel hot-rolled coil averag</a> <a title="2018 GEA Insight Magazine page 40" href="https://secure.viewer.zmags.com/publication/187571e3?page=40"> Presidents and prices: revisited Average commod</a> <a title="2018 GEA Insight Magazine page 41" href="https://secure.viewer.zmags.com/publication/187571e3?page=41"> Presidents and prices: revisited Trump* </a> <a title="2018 GEA Insight Magazine page 42" href="https://secure.viewer.zmags.com/publication/187571e3?page=42"> Kinks in the supply chain Kinks in the supply c</a> <a title="2018 GEA Insight Magazine page 43" href="https://secure.viewer.zmags.com/publication/187571e3?page=43"> Kinks in the supply chain 2014 bunker pr</a> <a title="2018 GEA Insight Magazine page 44" href="https://secure.viewer.zmags.com/publication/187571e3?page=44"> Fast-forward to this year, and the quarterly calc</a> <a title="2018 GEA Insight Magazine page 45" href="https://secure.viewer.zmags.com/publication/187571e3?page=45"> Kinks in the supply chain </a> <a title="2018 GEA Insight Magazine page 46" href="https://secure.viewer.zmags.com/publication/187571e3?page=46"> Kinks in the supply chain such an approach </a> <a title="2018 GEA Insight Magazine page 47" href="https://secure.viewer.zmags.com/publication/187571e3?page=47"> Locating competitive advantage with geospatial da</a> <a title="2018 GEA Insight Magazine page 48" href="https://secure.viewer.zmags.com/publication/187571e3?page=48"> Locating competitive advantage with geospatial da</a> <a title="2018 GEA Insight Magazine page 49" href="https://secure.viewer.zmags.com/publication/187571e3?page=49"> Improving insurance underwriting Savvy insurance</a> <a title="2018 GEA Insight Magazine page 50" href="https://secure.viewer.zmags.com/publication/187571e3?page=50"> Insight Conversation: B. Anand Insight Conversa</a> <a title="2018 GEA Insight Magazine page 51" href="https://secure.viewer.zmags.com/publication/187571e3?page=51"> December 2018 </a> <a title="2018 GEA Insight Magazine page 52" href="https://secure.viewer.zmags.com/publication/187571e3?page=52"> some different kind of economics emerge which may</a> <a title="2018 GEA Insight Magazine page 53" href="https://secure.viewer.zmags.com/publication/187571e3?page=53"> assuming the government may look at that and try </a> <a title="2018 GEA Insight Magazine page 54" href="https://secure.viewer.zmags.com/publication/187571e3?page=54"> 54 Insight </a> <a title="2018 GEA Insight Magazine page 55" href="https://secure.viewer.zmags.com/publication/187571e3?page=55"> Lithium-ion batteries: in the fast lane An accel</a> <a title="2018 GEA Insight Magazine page 56" href="https://secure.viewer.zmags.com/publication/187571e3?page=56"> Lithium-ion batteries: in the fast lane EV </a> <a title="2018 GEA Insight Magazine page 57" href="https://secure.viewer.zmags.com/publication/187571e3?page=57"> Lithium-ion batteries: in the fast lane Lit</a> <a title="2018 GEA Insight Magazine page 58" href="https://secure.viewer.zmags.com/publication/187571e3?page=58"> Lithium-ion batteries: in the fast lane </a> <a title="2018 GEA Insight Magazine page 59" href="https://secure.viewer.zmags.com/publication/187571e3?page=59"> vehicle ranges. Tesla has been the main proponent</a> <a title="2018 GEA Insight Magazine page 60" href="https://secure.viewer.zmags.com/publication/187571e3?page=60"> Lithium-ion batteries: in the fast lane Bat</a> <a title="2018 GEA Insight Magazine page 61" href="https://secure.viewer.zmags.com/publication/187571e3?page=61"> 2nd Annual North American Digital Commodities Su</a> <a title="2018 GEA Insight Magazine page 62" href="https://secure.viewer.zmags.com/publication/187571e3?page=62"> 62 Insight </a> <a title="2018 GEA Insight Magazine page 63" href="https://secure.viewer.zmags.com/publication/187571e3?page=63"> Unlocking the potential of Blockchain Blockchai</a> <a title="2018 GEA Insight Magazine page 64" href="https://secure.viewer.zmags.com/publication/187571e3?page=64"> Power to the blockchain Power to the blockchain </a> <a title="2018 GEA Insight Magazine page 65" href="https://secure.viewer.zmags.com/publication/187571e3?page=65"> Power to the blockchain Participants are be</a> <a title="2018 GEA Insight Magazine page 66" href="https://secure.viewer.zmags.com/publication/187571e3?page=66"> How does blockchain work? How transactions </a> <a title="2018 GEA Insight Magazine page 67" href="https://secure.viewer.zmags.com/publication/187571e3?page=67"> Taking stock Taking stock By James Rilett </a> <a title="2018 GEA Insight Magazine page 68" href="https://secure.viewer.zmags.com/publication/187571e3?page=68"> Keeping an eye on blockchain Keeping an eye on b</a> <a title="2018 GEA Insight Magazine page 69" href="https://secure.viewer.zmags.com/publication/187571e3?page=69"> Keeping an eye on blockchain Using the bloc</a> <a title="2018 GEA Insight Magazine page 70" href="https://secure.viewer.zmags.com/publication/187571e3?page=70"> Keeping an eye on blockchain Strategic Singapore</a> <a title="2018 GEA Insight Magazine page 71" href="https://secure.viewer.zmags.com/publication/187571e3?page=71"> Think you can master the markets? Let's see. </a> <a title="2018 GEA Insight Magazine page 72" href="https://secure.viewer.zmags.com/publication/187571e3?page=72"> Small reactors, big ambition Small reactors, big</a> <a title="2018 GEA Insight Magazine page 73" href="https://secure.viewer.zmags.com/publication/187571e3?page=73"> comparison, he said, customers in US and Canadian</a> <a title="2018 GEA Insight Magazine page 74" href="https://secure.viewer.zmags.com/publication/187571e3?page=74"> as high-temperature gas-cooled, molten salt and l</a> <a title="2018 GEA Insight Magazine page 75" href="https://secure.viewer.zmags.com/publication/187571e3?page=75"> Edwin Lyman, senior scientist, global security, w</a> <a title="2018 GEA Insight Magazine page 76" href="https://secure.viewer.zmags.com/publication/187571e3?page=76"> Small reactors, big ambition Urenco’s U-Batte</a> <a title="2018 GEA Insight Magazine page 77" href="https://secure.viewer.zmags.com/publication/187571e3?page=77"> Small reactors, big ambition The 22-foot rea</a> <a title="2018 GEA Insight Magazine page 78" href="https://secure.viewer.zmags.com/publication/187571e3?page=78"> Bigger and better: the LNG fleet in 2019 Bigger </a> <a title="2018 GEA Insight Magazine page 79" href="https://secure.viewer.zmags.com/publication/187571e3?page=79"> December 2018 </a> <a title="2018 GEA Insight Magazine page 80" href="https://secure.viewer.zmags.com/publication/187571e3?page=80"> The global LNG shipping fleet will see its bigges</a> <a title="2018 GEA Insight Magazine page 81" href="https://secure.viewer.zmags.com/publication/187571e3?page=81"> Bigger and better: the LNG fleet in 2019 The</a> <a title="2018 GEA Insight Magazine page 82" href="https://secure.viewer.zmags.com/publication/187571e3?page=82"> Average distance traveled by an LNG vessel on a s</a> <a title="2018 GEA Insight Magazine page 83" href="https://secure.viewer.zmags.com/publication/187571e3?page=83"> Bigger and better: the LNG fleet in 2019 “If</a> <a title="2018 GEA Insight Magazine page 84" href="https://secure.viewer.zmags.com/publication/187571e3?page=84"> Insight from Washington Insight from Washington </a> <a title="2018 GEA Insight Magazine page 85" href="https://secure.viewer.zmags.com/publication/187571e3?page=85"> The US still imports about 7.9 million b/d of cru</a> <a title="2018 GEA Insight Magazine page 86" href="https://secure.viewer.zmags.com/publication/187571e3?page=86"> Insight from Brussels Insight from Brussels </a> <a title="2018 GEA Insight Magazine page 87" href="https://secure.viewer.zmags.com/publication/187571e3?page=87"> renewables more efficiently. “If the market does </a> <a title="2018 GEA Insight Magazine page 88" href="https://secure.viewer.zmags.com/publication/187571e3?page=88"> Insight from Shanghai Insight from Shanghai </a> <a title="2018 GEA Insight Magazine page 89" href="https://secure.viewer.zmags.com/publication/187571e3?page=89"> Insight from Shanghai Brent, Shanghai crude</a> <a title="2018 GEA Insight Magazine page 90" href="https://secure.viewer.zmags.com/publication/187571e3?page=90"> specific tank – from the seller to the buyer. 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