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Bakken: The King in the North
Platts' Bakken crude oil assessment represents the light sweet crude traded close to the wellhead at North Dakota terminals in the Williston Basin.
Bakken: The King in the North

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Latest Oil News & Analysis

Kenya sees crude oil resources rising to over 1 bil barrels: official
Nairobi (Platts)--22 Sep 2014 944 am EDT/1344 GMT

Kenya expects its crude oil resources to rise to over to 1 billion barrels due to ongoing appraisal drilling, an official from the Ministry of Energy said Monday.
China, India face headwinds as oil product demand, refinery utilizations shift
September 17, 2014 05:20:00 EST

In the first seven months of the year, China's oil demand was almost flat while India's consumption climbed almost 2%. Vandana Hari, Platts Asia editorial director, Mriganka Jaipuriyar, senior oil news editor, and Yen Ling Song, senior oil news writer, discuss the shift in both economies' oil product demand, refining capacity utilization, imports and exports.
OPEC heavyweights play down oil price fall
September 12, 2014 - What a difference three months can make. Oil prices were fairly buoyant when OPEC met on June 11, with its crude basket valued at $106.20/barrel and heading towards the $110.48/b it would reach nine days later. By September 11, the basket had plunged to $95.35/b.
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