News & Analysis  - Oil

Podcasts

Uncertainties remain in Nigerian gasoline market
May 28, 2015
Examining recent developments in the Nigerian gasoline market, where concerns arose over the quarter on payments of subsidies to gasoline suppliers.
Senator Murkowski quizzed on her efforts to repeal the US crude export ban
May 26, 2015
Sen. Lisa Murkowski, the Alaska Republican and chairwoman of the Senate Energy & Natural Resources Committee, on her efforts to repeal the longstanding US crude oil exports ban.
Gasoline taxes helping to drive up demand for hydrous ethanol in Brazil
May 21, 2015
Demand for hydrous ethanol in Brazil is booming, with the biofuel becoming more competitive than gasoline and bouncing back to demand levels on par with December 2009.
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News Headlines

2015, 2016 Renewable Fuel Standards designed to break E10 blend wall: US EPA
Washington (Platts)--29 May 2015 354 pm EDT/1954 GMT
The US Environmental Protection Agency on Thursday proposed 2014, 2015 and 2016 Renewable Fuel Standards that call for biofuels blending below the statutory levels required by the law, but which the agency says will spur the adoption of ethanol blends higher than 10%.
Mozambique Imopetro gets 11 offers for its 6-month term tender for oil products
Singapore (Platts)--29 May 2015 826 am EDT/1226 GMT
Mozambique Imopetro has received up to 11 offers in response to its buy tender for 600,000 mt of 500 ppm gasoil, 60,000 mt of jet fuel and 150,000 mt of 93 RON gasoline for delivery over July-December, traders said Friday.
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News Feature: Crude oil market outlook

May 20, 2015
The North Sea crude oil market showed mixed signals May 15, with Dated Brent versus second-month cash up $0.21/barrel at minus $0.94/b, even as Forties came off a touch.
Also in this feature
Steady buying seen in Middle East sour crude market
The Middle East sour crude market continued to see steady buying for medium-sour grades amid concerns over supply in Asia May 15.
Lower demand for light sweet crude pressures LHS differential
A week-on-week decrease in buying interest for light sweet crude in the US Gulf Coast following a string of planned and unplanned refinery issues resulted in a lower differential for Light Houston Sweet.

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Commodity Pulse

Known unknowns: The potential repercussions of Iran's return to world oil markets

May 05, 2015 (14:43)

Platts editors analyse how the flow of Iranian crude could alter global supply-demand dynamics, as well as assessing the possible affect on prices.


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.



The Barrel Blog

May 26, 2015
The Canadian oil patch is undergoing an existential moment as low oil prices have scared off investors and thrown the future of further oil sands projects into disarray.
May 26, 2015
For years, legislative efforts to give coastal states a larger share of offshore drilling revenue have brought the Senate Energy and Natural Resources Committee "to a standstill," according to Sen. Maria Cantwell.
May 25, 2015
Nigeria and Angola are the two biggest producers in in West Africa, but the crudes from these two countries have treaded divergent paths.
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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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