News Headlines

Petrobras says to pay $76 billion for 26 rigs in 15-year deal

Sao Paulo, February 10, 2012, 515 pm EST/2215 GMT

Petrobras will pay $76 billion to lease 26 drilling rigs it would use over 15 years in Brazil's offshore pre-salt zone, CEO Jose Sergio Gabrielli said Friday.

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News Features

OPEC Guide: Group cuts call on crude to 30.04 million b/d

February 10, 2012

OPEC's 12 member countries produced an average 30.898 million b/d in January, nearly 900,000 b/d more than their new output ceiling which came into effect at the beginning of the year and some 1.35 million b/d above expected demand for OPEC crude in the first quarter, the oil cartel's Vienna secretariat said February 9.

Iranian Oil Sanctions: Iran moves to speed ban on oil exports to EU

February 8, 2012

Members of the Iranian parliament are moving to accelerate a bill that would halt oil exports to the European Union ahead of an EU ban on oil imports from Iran that comes into force on July 1, and which would also ban imports of goods from the EU, Iranian news agencies reported February 7.

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Blogs

The Barrel: February shaping up for Midwest refiners

February is shaping up nicely for US Midwest refiners, who are enjoying robust margins courtesy of another Brent/WTI spread blowout.

The Barrel: EIA analysis: the decline in demand continues

While traders tend to focus on the week-to-week movements in inventories, and how the actual numbers did compared to projections, what's been more interesting in a variety of reports is how US demand for oil continues to slide, even as unemployment rates are also dropping.

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Podcasts

Is South Sudan's suspension of oil exports hurting Asia's biggest consumers?
February 10, 2012 - Discussing the ramifications of South Sudan's recent suspension of oil exports for two of Asia's biggest consumers, China and Japan.

The impact of extreme weather conditions on the European tanker markets
February 9, 2012 - Discussing the impact of extreme weather conditions on the European clean and dirty tanker markets

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Commodity Pulse Videos

2011: a momentous year for oil

December 7, 2011 (13:01 mins)

With Dated Brent crude oil at an historic average high, Platts editors analyze the key geopolitical and structural factors that have sustained such a high price.

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Industry Solution Papers Library

Dated Brent: The Pricing Benchmark for Asia-Pacific Sweet Crude Oil

The Dated Brent benchmark has taken on an increasingly significant role in the determination of oil prices in the entire Asia-Pacific region. This paper examines and explains the reasons for this ongoing and accelerating trend. (published May 2011).

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Top 250 Rankings

The Platts Top 250 recognizes outstanding financial performance for the previous year. Each company listed in the Platts Top 250 has distinguished itself through its remarkable performance and the outstanding efforts and dedication of its team.

Market Issues

Platts Market Issues are a series of occasional discussion papers examining price-discovery issues.

Energy Bulletin

A daily email compiling a regional round-up of the top, most recent Platts news, in-depth features, information on Platts events, products and a summary of what's new on platts.com.