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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

Washington (Platts)--24 Nov 2015 700 pm EST/000 GMT
When it returns next week, the US House is expected to take up a broad energy infrastructure bill which may include as many as 80 different amendments, mandating everything from an end to crude oil export limits to a long-range plan for sales from the Strategic Petroleum reserve to a repeal of the Renewable Fuel Standard.
Houston (Platts)--24 Nov 2015 624 pm EST/2324 GMT
The Trans-Atlantic gasoline arbitrage reopened Tuesday on the heels of stronger prices in both the Northwest Europe and US East Coast markets.
More Headlines

The Barrel Blog

November 23, 2015
If Bill O’Reilly, author of such books as "Killing Lincoln" and "Killing Kennedy" were to turn his attention to pipelines, his next book might be entitled "Killing Keystone."
November 20, 2015
In 2015, Caltex’s willingness to show its feminine side through its “BabyCare” scheme appears to have paid dividends.
November 16, 2015
Some observations have led to speculation that the entire region bounded on three sides by the politically fractious arc of Greece, Turkey, Syria, Lebanon, Israel and Egypt may be a cache for gigantic oil and gas deposits.
All Blogs

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

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.


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.
What could happen to an American oil market in Paris
November 23, 2015
- It's the Marcia, Marcia, Marcia moment: Everyone's talking about the Paris climate talks and their impact on power markets, but what about oil markets?
Middle East oil suppliers, Asia buyers building increasingly close relationship
November 18, 2015
- Platts editors share key topics emerging from the recent Asian Ministerial Energy Roundtable in Doha.
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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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