News & Analysis  - Oil

Latest Platts Videos

China's oil conundrums: Rising crude demand, falling product imports

December 15, 2014 (10:28)

Platts editors discuss China's shift to being a net oil product exporter and the challenges being faced by teapot refiners.

News Headlines

Oil futures spike on short covering, close higher
New York (Platts)--17 Dec 2014 456 pm EST/2156 GMT
Volatile oil futures held onto early gains Wednesday and settled in positive territory after a wave of short covering following the release of US weekly inventory data pushed prices higher.
USAC heating oil imports leap as shippers supplement flagging pipeline supply
Houston (Platts)--17 Dec 2014 1211 pm EST/1711 GMT
US Atlantic Coast imports spiked in the reporting week ended December 12, according to data released Wednesday by the Energy Information Administration, as increasing winter demand in the Northeast was met with dwindling pipeline supply, opening the arbitrage from Europe.
More Headlines

OPEC Guide

December 16, 2014
For the first time in a generation, US oil market fundamentals have shifted enough for a serious reconsideration of export policy, and ignited a battle between producers and refiners.
Also in this feature
US crude exports: a priority issue?
While Obama could determine that crude exports are in the national interest and drop export restrictions at any time.
SPR under review
The Strategic Petroleum Reserve is also under review, though the stockpile is not controversial, like the oil export issue.

All News Features

The Barrel Blog

December 16, 2014
Plummeting oil prices coupled with a significant increase in terrorism, and regime instability pose a direct threat to several sub-Saharan African countries the next year.
December 14, 2014
The kind of crazy up-and-down movements of the oil markets in recent weeks and months is not a ripe opportunity for a major trading company like Vitol. In fact, its CEO and chairman Ian Taylor says that whipsaw activity is a nightmare for his company.
December 13, 2014
During most times, the oil industry may operate in a dog-eat-dog world. Now it’s also in an ant-and-grasshopper world. You know the story of those two insects–they’re paired together in Aesop’s Fable of the same name.
All Blogs

Price Focus

Oman's crude oil differentials to front-month Dubai swaps have widened since a fire at the Mina Al Fahal refinery December 4 fueled concerns of additional prompt oil barrels spilling into the spot market. Platts on December 5 assessed cash Oman at $67.15/b, a discount of 44 cents/b to February Dubai swaps, widening from a discount of 24 cents/b on Thursday. However traders December 8 said they were yet to see any spot barrels offered by Oman's Ministry of Oil and Gas following the fire at the 106,000 b/drefinery.

Oil Infographics

It could be argued that the history of oil is the history of the modern world. And Platts, a leading provider of analysis, news and prices for the industry, has played a significant role in this amazing story.

Of all the natural resources that have been used to build our world, surely oil is the most pervasive. We all know that oil provides the plastics in the computer we use, has driven revolutions in fashion, industry and transport, and even powers our homes. No one's life is untouched by this immense resource.


Americas crude oil production, transportation trends to continue into 2015
December 17, 2014 - It was a tumultuous year for crude oil in the Americas, and Canadian, Latin American and US crudes will keep evolving into 2015.
Low gasoil prices dampen market appetite for biofuels in Asia
December 17, 2014 - An overview of the biodiesel market's current situation given the decline in crude prices, and the ethanol market's expectations for 2015.
Shipping industry will see new marine fuel requirements with the new year
December 16, 2014 - On Jan. 1, 2015, sulfur content will be required to drop to 0.1% in fuels used within 200 miles of the US and Northwestern European coasts.
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Asia Pacific and Middle East Refined Oil Products methodologyPublished 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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