News & Analysis  - Oil

Platts Snapshot Video

US refiners face soaring stocks as gasoline grades switch

February 11, 2016 (3:19)

US gasoline stocks have reached record highs in 2016, while prices have flirted with unprecedented lows. What could happen as the market shifts to summer-grade gasoline?


News Headlines

London (Platts)--11 Feb 2016 944 am EST/1444 GMT
The physical Northwest European fuel oil crack -- the discount of FOB Rotterdam fuel oil barges to Dated Brent, surged to a discount of only $9.29/b late Wednesday, its highest since March, according to Platts data.
Houston (Platts)--11 Feb 2016 501 am EST/1001 GMT
Ecuadorean crudes continue to help meet Asia's demand as eastward shipments across the Pacific Ocean more than doubled in 2015 and continue to chip away at California's dominance as the largest importer of these crudes, a Platts analysis showed.
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Podcasts

February 08, 2016
What does it mean for American oil supply and the policies around the oil industry when US crude producers are losing billions of dollars?
February 08, 2016
Platts editors assess the recent change in gasoil flows from Russia, the main driver of the shortage which has pushed NWE gasoil physical premiums to a 3-year high.
February 01, 2016
While American crude has started to trickle out on to the world market, cargoes of crude grades the US hasn’t seen in years are beginning to appear in domestic ports.
All Podcasts

News Feature: OPEC Guide

September 25, 2015
OPEC's next meeting is just ten weeks away and, barring some unforeseen development, there's little sign of a policy change in the offing.
Also in this feature
A fresh start for Nigeria's oil industry?
When Muhammadu Buhari took power, he promised to investigate the disappearance of billions of dollars in oil and LNG income.
How will Iran's nuclear deal affect oil markets?
If finalized, the landmark nuclear deal will see the removal of sanctions that have drastically cut Iran's oil earnings.


Price Focus

US investment bank Goldman Sachs cut sharply Monday its forecasts for average oil prices in 2015 but said sliding US shale production could see the global oil market rebalance by the end of the year. Goldman said it expects Brent crude to average $50.40/b a barrel from $83.80/b, as global oil price continue to their rapid descent into near six-year lows. WTI is expected to average $47.15 a barrel, down from a previous forecast of $73.75/b, the bank said.



Oil Infographics

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The Barrel Blog

February 09, 2016
The London Oil Forum's attendees were eager to share their thoughts about the global oil industry, including about supply, demand and prices.
February 09, 2016
The venerable M-grade, a benchmark in the gasoline trade for decades, soon would lose some of its influence under a change proposed by the nation’s largest pipeline.
February 08, 2016
International sanctions against Russia introduced in 2014 turned out not to be the bogeyman they first seemed to be. Rosemary Griffin explains.
All Blogs


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Asia Pacific and Middle East Refined Oil Products methodology

Published November 2014

The Asia Pacific and Middle East Refined Oil Products Guide contains the primary specifications and methodologies for Platts Asia Products assessments.






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