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News Feature: African Energy Outlook

September 04, 2015
When Muhammadu Buhari took power, he promised to investigate the disappearance of billions of dollars in oil and LNG income, fuel scams and irregularities surrounding crude oil swaps. How is he faring?
Also in this feature
Buhari cracks down on oil theft
Nigeria's President Buhari has stated that he will tackle oil theft, with estimates that about 250,000 b/d of it is stolen by oil gangs
Nigeria's aspirations rather than certainties
Goodluck Jonathan's PIB was never passed, casting doubt on his decision to lump together all oil and gas industry reforms in a single bill.

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News Headlines

India becoming increasingly important to global commodities markets: LME
London (Platts)--4 Sep 2015 850 am EDT/1250 GMT
As an increasing symbol of India's importance in the eyes of international exchanges, the London Metal Exchange is taking a "strategic" roadshow of meetings in Mumbai and Delhi September 7-11, the LME said Friday.
London Metal Exchange looks to 'enhance transparency' to kerb pricing
London (Platts)--4 Sep 2015 755 am EDT/1155 GMT
The London Metal Exchange is looking to "enhance transparency" around the closing kerb session by stopping carry trades one minute before the close of three-months pricing, the exchange said Friday.
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European refiners stave off maintenance on cheap crude, good margins
September 02, 2015
As Europe's refining sector nears the seasonal maintenance period end, many refiners are looking to postpone maintenance so as to capitalize on the currently strong margin environment.
Global spare capacity sources: Should idled US shale oil wells count?
August 31, 2015
Platts editors duel over the notion of idled US shale oil wells contributing to global spare capacity and how this might affect price forecasts going forward.
Money makes the mills go round: China's currency woes impact global steel complex
July 28, 2015
Well, so much for 'silly-season' in the steel industry: Peter Brennan, Chris Davis, and Sebastian Lewis outline how no steel grade seems to have escaped the effect of the faltering economic conditions in China, with 'Black Monday' looming large over the outlook for the rest of the year.
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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.

The Barrel Blog

September 04, 2015
Brian Scheid shares three things to consider ahead of the potential legislative battle to let US crude hit the global market.
August 31, 2015
The ban has forced the Chinese company to halt operations at almost all of its core businesses.
September 02, 2015
OPEC has regularly stated its willingness to talk to other producers in its latest Bulletin seems merely to reiterate this. Margaret McQuaile investigates.
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Americas Refined Oil ProductsPublished January 2015

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

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