News & Analysis  - Oil

Feature: Light Houston Sweet Analysis

April 01, 2015
Weaker cash differentials for Light Louisiana Sweet and West Texas Intermediate from Midland, Texas, pressured the market for Light Houston Sweet as its differential shed $2/barrel week on week.
Also in this feature
Infographic: Light Houston Sweet
Much has been made of the domestic light sweet crude flooding US markets, and we attempted to capture some key points about some of that oil in this infographic centered on one of Platts key price assessments: Light Houston Sweet.
White Paper — Platts Light Houston Sweet: New pricing for a new market
In a proactive move to bring price discovery to a growing crude hub, Platts launched a Light Houston Sweet (LHS) assessment in July 2013 in an effort to reflect the evolving crude flows and expandingstorage nucleus on the US Gulf Coast.

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Podcasts

Texas Gulf Coast crude landscape shifts with new production, imports
March 31, 2015
Crude oil markets are shifting along the Texas Gulf Coast, where imports of Canadian heavy crude and increasing light sweet from the Permian and Eagle Ford are creating new market opportunities.
Past, present, futures: How markets are changing oil policy
March 30, 2015
For the first time, Capitol Crude goes on the road to Platts' New York office for a deep look into the crude oil futures market and its impact on US policy.
Oil companies vie for prime acreage in US Gulf of Mexico
March 25, 2015
While winning bids at the 2015 US Central Lease Sale 235 were down from 2014, prices per acre for the ability to potentially produce oil offshore were among the highest of the last 20 years.
13 going on 30? US suddenly has to deal with a mature crude landscape
March 23, 2015
The debate over expanding US crude exports comes as the American fossil fuel industry finds itself in the midst of a "body swap" movie: policy has not kept pace with a radical change.
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The Barrel Blog

March 31, 2015
The price of Low Carbon Fuel Standard credits is going to rise. It’s just a question of when, Professor Daniel Sperling tells John Kingston.
March 30, 2015
The UK’s general election kicked off Monday with the official closure of parliament, but energy investors could be set for an uncertain year ahead.
March 30, 2015
During periods of low oil prices, opportunities to acquire exploration and production assets at bargain prices often present a silver lining for well-capitalized companies.
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Commodity Pulse

The challenging economics of oil production in a low price environment

February 02, 2015 (17:46)

Dave Ernsberger and Ross McCracken analyse oil companies' capex and operational costs and discuss when cut-backs might affect global supply.


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.


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.



News Headlines

Houston (Platts)--1 Apr 2015 413 pm EDT/2013 GMT
Total US jet fuel stocks fell 1.23 million barrels in the week ended March 27 on the back of a massive draw on Atlantic Coast inventories not seen since 1996, according to data released Wednesday by the Energy Information Administration.
Moscow (Platts)--1 Apr 2015 804 am EDT/1204 GMT
Russia's state-controlled oil giant Rosneft has settled all legal disputes with subsidiary companies of the now defunct Russian oil producer Yukos, with all parties agreeing not to enter such disputes in the future, Rosneft said Wednesday.
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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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