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Oil Methodology Video

Changes to Dubai and Oman crude price assessments

November 24, 2015 (7:05)

Following a two-month consultation period that ended October 30, Platts is moving forward with some substantial changes to its Dubai and Oman crude oil benchmarks.

News Headlines

New York (Platts)--28 Nov 2015 407 am EST/907 GMT
The oil complex settled lower in low-volume, post-holiday US trade Friday, led by prompt NYMEX crude and ULSD futures.
London (Platts)--27 Nov 2015 1049 am EST/1549 GMT
The UK's only sugarcane refiner has welcomed the findings of a report published by the UK government this week suggesting the raw sugar import-dependent sector is set to lose out the most when quotas on domestic beet production are abolished in 2017.
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The Barrel Blog

November 26, 2015
Never say never... With this in mind, it would probably be foolish to rule out some kind of deal between OPEC and non-OPEC producers to manage supply. Margaret McQuaile explains.
November 25, 2015
The essential role rivers play in the transportation of biofuels across Europe and the United States becomes only too apparent when water levels hit extreme highs or lows as they have done this year.
November 24, 2015
The US' CO2 emissions for 2015 are projected by the EIA to total 5.424 billion mt, a 0.3% rise over 2014, but still one of the lowest levels in the past 16 years.
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Feature: Steel Raw Material Outlook

November 24, 2015
Spot iron ore prices fell further November 23 amid continued weakening in physical steel and derivatives markets. Platts assessed the 62% Fe Iron Ore Index at $44.75/dry mt CFR North China Monday, down 55 cents on day and approaching the historical low of $44.50/dmt CFR set on July 8.
Also in this feature
Brazilian ferrous scrap prices static on stalled buying
Spot prices of domestically traded ferrous scrap in Brazil remained stable, as the stand-off between buyers and sellers continued.
Asian metallurgical coal market steady amid quiet trade
Asian metallurgical coal prices were steady as trading in the top- and second-tier segments remained flat amid a fall in cargo availability from earlier in the month.

Price Focus

The physical 3.5 FOB Rotterdam barge market trended higher at the prompt February 27, with RMG material leaving Europe for arbitrage destinations, traders said. "The market is getting tighter for RMG...we expect stronger pricing for barges in March," one said. At the same time, supply was sufficient for cracked fuel oil, with a lot of straight run and M-100 being blended into the finished grade pool, albeit at relatively high costs, sources said.


Momentum building up for upstream policy reform in India
November 27, 2015
- Years of debate on whether India should stick to a cost-recovery model or not for its upstream industry may soon come to an end.
Are the BRICs still building or crumbling?
November 26, 2015
- Our steel and iron men go beyond Charles Dickens' classic, A Tale of Two Cities, and focus their literary attention instead on a tale of two continents.
Big oil hunkers down for 'lower for longer' prices
November 23, 2015
- Following Q3 earnings results, Platts editors discuss how the oil industry is adapting and some of the more surprising outcomes of the slump.
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Americas Refined Oil Products

Published January 2015

The Americas Refined Oil Products Guide contains the primary specifications and methodologies for Platts American Products assessments.

© 2015 Platts, McGraw Hill Financial. All rights reserved.