Energy Aspects review: oil, gas and macro market intelligence
By Jan Suski. I go deep on every review, checking every number against its source and digging up details other coverage misses, a habit from six years of SEO and link building for tech companies. Bylines at Surfer, Brand24, and Senuto. How the scoring works.
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Best for
Trading and research desks that want to retire several single-commodity subscriptions for one, and can staff a relationship across multiple market desks.
Not for
Teams tracking a single commodity casually. Wood Mackenzie or Rystad Energy may fit a narrower need better.
What it costs
No published rate card. EA 360 bundles oil, gas, power, macro and geopolitical analysis with no seat limits; bespoke consultancy layers on top.
- EA Analytics
- Historical data, real-time measurement and forward-looking forecasts in one layer
- Satellite data
- European Space Agency and Aresys feeds monitoring crude storage by terminal and estimating crude quality
- Proprietary datasets
- Built specifically for crude oil and LNG tracking
- North America Power
- Dispatch costs, fuel inventories, power-plant projects, outages and renewable energy projects
- Europe Power
- Hourly supply-demand model across Germany, France, Spain, the UK, the Netherlands and Belgium, plus build-out tracking and interconnector flows
- Carbon coverage
- EU ETS, UK ETS, California, Quebec, Washington and RGGI, plus CORSIA and Article 6 offset frameworks
- North America Biofuels
- Renewable Diesel, RINs and LCFS on a monthly cadence with a two-year forecast horizon
- Global Biofuels
- Petroleum pricing, emissions markets and clean-fuel programs on a two-to-five-year horizon
- Delivery
- Daily reports, with supporting data tables clients can download
- Founded
- 2012, by Dr. Amrita Sen, Fredrik Fosse and Richard Bronze
- Headcount
- More than 400 employees across 10 offices
- Client base
- More than 500 companies advised globally
- OilX acquisition
- Bought February 2023; its nowcasting technology became EA Analytics
- Medley acquisition
- Bought from the Financial Times Group on 1 December 2020, adding central banking and fiscal policy research
- Awards
- Commodity Research House of the Year at the Energy Risk Awards twice in the past decade, most recently 2026
- Published rate card
- None; access starts with contacting the company directly
- Buying unit
- Subscription research
- EA 360
- Oil, gas, power, macro and geopolitical analysis in one subscription, with no seat limits
- What moves the cost
- How many market desks a client needs covered, and how much of the EA Analytics data layer
- Bespoke consultancy
- Layered on top of the standard EA 360 subscription for narrower needs
- Market coverage
- Crude oil, refined products, natural gas, power, renewables, carbon, biofuels and macro markets
- Offices
- London, New York, Houston, Singapore and Dubai
- Desk split
- London anchors oil markets; New York follows North American gas and power
Alternatives to Energy Aspects
Wood Mackenzie
Not forTrading desks that need a daily market read, because Wood Mackenzie's published cadence is quarterly reports and bespoke consulting projects.
Rystad Energy
Not forTeams that need a settled platform this quarter, because Rystad's Spektra workspace only reached beta on 29 June 2026 and does not hit full commercial launch until 20 August 2026.
Pairs well with Energy Aspects
Which Energy Aspects figures are company statements, and which come from outside research
The figures on this page fall into three groups.
- Energy Aspects' own published claims: more than 400 employees across 10 offices, more than 500 companies advised, and the Commodity Research House of the Year record at the Energy Risk Awards.
- Its analysts' published calls: the market reads quoted further down, the near 4 mb/d onshore crude draw, clean product inventories at their lowest since 2015 and EU gas storage at 46% capacity on 23 June.
- Outside research: the land-use and water-consumption figures in the power section come from NREL, Nature Energy and the EPA.
The company publishes no standard pricing, so the pricing facts above describe buying unit and cost drivers only. This page was updated 9 August 2026.
This Energy Aspects review covers what the company does, who founded and runs it, how it built its research business through two acquisitions, and how its coverage compares with Wood Mackenzie, Rystad Energy and S&P Global Commodity Insights.
Energy Aspects is one of the largest independent providers of oil, gas and macro market analysis, built on proprietary data and a network of in-house analysts.
Energy Aspects markets itself on four claims across its own site and its LinkedIn page:
- On its own site, it says it is "trusted by leading trading houses, energy majors and producers, refiners, utilities, financial institutions, and governments worldwide."
- On LinkedIn, the pitch runs to four words: "Actionable insights at market speed."
- A separate line on the same page promises "a competitive edge like no other" for trading and hedging strategies.
- A third line reads: "Track every shipment. Access every flow."
That client list backs up the marketing copy: the company advises more than 500 companies globally and has grown to more than 400 employees across 10 offices.
What is Energy Aspects
Energy Aspects provides real-time market data and intelligence for traders and analysts working across crude oil, refined products, natural gas, power, renewable energy, carbon and biofuels markets, and macro markets.
Founded in 2012 as a data intelligence firm, it has since expanded into power markets, environmental markets and geopolitical risk coverage through two acquisitions and an internal build-out of its Power and Environmental Markets teams.
Its analysts publish daily energy markets research, and the London desk anchors oil markets coverage while a New York team follows North American gas and power market activity. That coverage now spans four continents.
Energy Aspects founders and leadership
Dr. Amrita Sen, Fredrik Fosse and Richard Bronze founded Energy Aspects in 2012. Sen serves as founder and director of research; before starting Energy Aspects she was chief oil analyst at Barclays Capital, and she has led the firm's oil and products forecasting for more than a decade. Fredrik Fosse serves as CEO.
A research director in London and a director in Singapore oversee sector coverage, grouping market analysts by commodity. Energy Aspects has won Commodity Research House of the Year at the Energy Risk Awards twice in the past decade, most recently in 2026, its second consecutive year taking the award.
↑ FACT SHEETCompany history and acquisitions
Energy Aspects grew from an oil-and-gas research house into a broader macro and technology business through two acquisitions. On December 1, 2020, it bought Medley Global Advisors from the Financial Times Group, adding a macro policy research service that covers central banking, fiscal policy and energy policymaking for hedge funds and institutional investors.
The deal paired two research houses covering adjacent, increasingly connected markets: energy fundamentals on one side, macro and monetary policy on the other.
In February 2023, Energy Aspects acquired OilX, a company built around AI-driven "nowcasting," real-time market estimates built from satellite and tanker-tracking data.
OilX's technology, powered in part by European Space Agency and Aresys satellite data, monitors crude oil storage by terminal and estimates crude quality, giving Energy Aspects a way to publish market reads ahead of official data releases and relative to consensus estimates. The OilX technology became the base of what Energy Aspects now calls EA Analytics.
↑ FACT SHEETEA Analytics: how the platform works
Energy Aspects combines human insight and data-driven analytics. EA Analytics pulls together historical data, real-time measurement and forward-looking forecasts, and Energy Aspects offers proprietary datasets built specifically for crude oil and LNG tracking.
That proprietary data underpins oil price forecasts that trading desks use to time positions, and price calls circulate widely once published.
The satellite-based monitoring that came out of the OilX acquisition feeds directly into this system: storage-level data by terminal, updated continuously. Government agencies and legacy data providers typically publish monthly or quarterly snapshots by comparison.
Recent published research carries that integration into specific calls: a blog post titled "From OilX to EA Analytics: The evolution of real-time energy intelligence" walks through the acquisition's technical path, and another, "Qatar LNG: why Hormuz recovery will be slow and uneven," shows the satellite layer applied to a live geopolitical read.
Market analysis and coverage
Oil markets
Global onshore crude stocks are drawing nearly 4 mb/d, and refinery runs can't keep pace with high forward margins. Clean product inventories are at their lowest level since 2015, a gap between demand and available refined products that Energy Aspects analysts track closely.
Gas and geopolitical risk
EU gas storage stood at 46% capacity as of June 23, and Qatari LNG exports are recovering gradually because of shipping risk tied to regional tensions. US-Iran tensions are slowing tanker transit through the Strait of Hormuz, and Russian diesel exports are set to fall to negligible levels under sanctions.
That combination of geopolitical risk and gas storage data is the kind of cross-market read Energy Aspects built EA 360 to deliver in a single subscription.
Power markets and the energy transition
Energy Aspects' Gas & Power service line splits into North America Power and Europe Power, and both are built around the same shift: generation mixes moving away from thermal baseload toward renewable energy.
The North America Power service tracks how growth in wind, solar and hydro generation interacts with coal-plant retirements. Its proprietary dataset monitors dispatch costs, fuel inventories, power-plant projects, outages and renewable energy projects directly.
Mike Lawn, who joined as Head of North American Power Research after roles at Bloomberg, Bloomberg New Energy Finance and Citadel, leads that coverage.
Europe Power takes the same renewable-supply problem and applies it to a market where decarbonisation is further along: intermittent renewable supply is rising quickly while baseload-run thermal capacity retires, and Energy Aspects built a proprietary power model to assess how the region balances electricity demand and supply on an hourly basis under those conditions.
The service covers three things across Germany, France, Spain, the UK, the Netherlands and Belgium:
- Price forecasts and supply-demand balances.
- Renewable build-out tracking, plant closures and start-ups.
- Interconnector capacity and flows.
The technical aspects behind power and renewables coverage
Evaluating any power asset, renewable or thermal, means tracking a set of technical aspects beyond raw output: land use and project footprint, water consumption, life-cycle greenhouse gas emissions, and how reliable the asset is once it's running.
NREL research puts the land footprint in perspective: getting most US electricity from wind and solar would take less than 1% of the land in the lower 48 states, an area comparable to the current footprint of fossil-fuel infrastructure. That's the same land-and-resource tracking behind the renewable energy projects dataset built into Energy Aspects' North America Power service.
Water consumption is a bigger factor for thermal generation than for wind or solar. Research published in Nature Energy puts solar PV and wind consumption at roughly 2-15% and 0.1-14%, respectively, of the water a coal or nuclear plant consumes to generate the same 1 MWh, since cooling accounts for about 90% of total water use at thermal plants, water that solar panels and wind turbines don't need.
That distinction feeds directly into Energy Aspects' power-balance modeling: the Europe Power service's hourly supply-demand model has to account for which generation sources can run continuously and which face water or weather constraints.
Greenhouse gas emissions from renewable technology aren't zero once manufacturing and construction get counted alongside operating output. EPA lifecycle analysis notes that most emissions from renewable and nuclear technologies occur upstream, before the asset ever generates a watt, unlike fossil-fuel plants where combustion during operation dominates the total.
That's the same life-cycle accounting behind the RINs and LCFS programs Energy Aspects' North America Biofuels service tracks, where a fuel's price is set by its measured life-cycle carbon intensity.
Avoided CO2, SO2 and NOx figures are the standard metrics utilities use to quantify how much a renewable project offsets from the fossil generation it replaces.
Those sit alongside biodiversity, habitat and waste-management questions for retired turbines and panels, part of the same technical picture Energy Aspects' analysts weigh when assessing a market's renewable build-out pace against its thermal retirement schedule.
Reliability and intermittency remain the central operational aspect separating renewable output from thermal baseload, and it's the specific problem Energy Aspects built its proprietary Europe Power model to solve: balancing electricity supply and demand on an hourly basis as intermittent renewable supply rises and dispatchable thermal capacity retires.
Environmental markets: carbon and biofuels
Energy Aspects runs a separate Environmental Markets practice covering carbon emissions, carbon offsets and biofuels, positioned specifically around the energy transition.
Carbon Emissions Intelligence covers compliance markets and offsets together:
- The EU ETS and the UK ETS.
- North American programs including California, Quebec, Washington and RGGI.
- Voluntary carbon markets and offset frameworks like CORSIA and Article 6.
Balances, pricing and policy are tracked as one connected view of carbon markets.
The Global Biofuels and North America Biofuels services sit alongside that carbon coverage. North America Biofuels tracks Renewable Diesel, RINs and Low Carbon Fuel Standard (LCFS) markets on a monthly cadence with a two-year forecast horizon.
Both the RINs program and LCFS price fuels by their measured life-cycle greenhouse gas emissions, so Energy Aspects' forecasting work there runs directly on life-cycle carbon-intensity data.
Global Biofuels extends that analysis to petroleum pricing, emissions markets and clean-fuel programs worldwide on a two-to-five-year horizon. Taken together with the Power services, this is the part of Energy Aspects' business built specifically around renewable energy and the broader energy transition, distinct from its oil and gas coverage.
↑ FACT SHEETWhere Energy Aspects operates
Energy Aspects runs research and client-facing teams out of London, New York, Houston, Singapore and Dubai. That spread lets analysts track Asian demand, European storage and North American trading activity without a time-zone gap in market coverage, and it keeps the daily work of desk analysts tied to the region they cover.
The Houston office, added as the firm's US energy hub, sits close to the trading houses and refiners that make up a large share of Energy Aspects' client base.
Energy Aspects competitors
Energy Aspects competes with Wood Mackenzie, Rystad Energy, S&P Global Commodity Insights (formerly Platts) and cargo trackers Kpler and Vortexa across the oil market and gas market analysis space.
Unlike some of those competitors, which built their businesses on price assessments or consulting services, Energy Aspects markets itself primarily as an independent research house that layers proprietary data, including its OilX-derived satellite feeds, on top of analyst judgment.
↑ FACT SHEETEnergy Aspects pricing and access
Energy Aspects sells subscription research. Its EA 360 product bundles oil, gas, power, macro and geopolitical analysis into a single subscription without seat limits, a structure the company built specifically for investment professionals who need energy's impact on portfolios and risk frameworks covered in one place.
Energy Aspects also offers bespoke consultancy work for clients with narrower needs, layered on top of the standard EA 360 subscription.
Clients receive daily reports and can download supporting data tables. Energy Aspects doesn't publish standard pricing; access requires contacting the company directly, and subscription cost varies with how many market desks and how much of the EA Analytics data layer a client needs covered.
Frequently asked questions
Who owns Energy Aspects?
Energy Aspects was founded by Dr. Amrita Sen, Fredrik Fosse and Richard Bronze in 2012 and remains an independent research company. It has grown through two acquisitions of its own, Medley Global Advisors in 2020 and OilX in 2023.
Is Energy Aspects a good company?
It won Commodity Research House of the Year at the Energy Risk Awards in 2026, its second consecutive year, and it advises more than 500 companies across 10 offices.
What does Energy Aspects do?
Energy Aspects provides real-time market data, forecasts and proprietary datasets covering oil, gas, power and macro markets for traders and analysts, combining human analyst judgment with satellite-derived data from its OilX acquisition.
Who is the CEO of Energy Aspects?
Fredrik Fosse is the CEO of Energy Aspects. Co-founder Dr. Amrita Sen serves as founder and director of research; she was previously chief oil analyst at Barclays Capital.
Who are Energy Aspects' competitors?
The main competitors are Wood Mackenzie, Rystad Energy, S&P Global Commodity Insights, Kpler and Vortexa.
What is EA 360?
EA 360 is Energy Aspects' flagship subscription, bundling its oil, gas, power, macro and geopolitical research into one product without seat limits, built for investment professionals who need cross-market energy coverage in a single contract.
Does Energy Aspects cover renewable energy?
Yes. Its Environmental Markets practice covers carbon emissions, carbon offsets and biofuels, including EU and UK compliance markets, RINs and LCFS biofuel programs, and voluntary carbon offset frameworks. Its Power services separately track wind, solar and hydro generation growth against thermal-plant retirements across North America and Europe, and run a proprietary model for balancing power supply and demand as intermittent renewable supply rises.