News & Analysis  - Oil


A successful failure? What Shell pulling out of Alaska means for US Arctic oil production
October 05, 2015
After seven years and $7 billion, Shell's decision to abandon pursuing oil and gas drilling in the Arctic surprised many and could impact future E&P in the region.
How Myanmar copes with growing demand for refined oil products
October 02, 2015
Platts editors discuss the challenges faced by Myanmar's ageing refineries in trying to meet oil products demand, the role of fuel imports in the domestic market.
The American West, a home to US oil and the bird that's driving them cuckoo
September 28, 2015
The bald eagle is the national bird, but the bizarre greater sage grouse is the poster-bird for the relationship between the US oil and gas industry and undeveloped land.
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Middle East Crude Price Proposal

Dubai and Oman crude price assessments proposal explained

October 02, 2015 (9:35)

On September 3rd, 2015, Platts launched a formal public consultation on a proposal to broaden the volume of physical crude that can be delivered into its Dubai and Oman crude oil benchmarks. In this video Dave Ernsberger and Jonty Rushforth outline the context, and details of the proposed changes.

News Headlines

UAE on track to meet 3.5 mil b/d production capacity target in 2017: energy minister
Dubai (Platts)--5 Oct 2015 907 am EDT/1307 GMT
The UAE is continuing to invest in its oil and gas development plans despite lower oil prices, and is on track to meet its 2017 production capacity aims, energy minister Suhail al-Mazrouei said Sunday.
Saudi Aramco cuts Nov Asia Arab Light crude oil OSP to eight-month low
Singapore (Platts)--5 Oct 2015 901 am EDT/1301 GMT
Saudi Aramco has cut the official selling price of its crude oil loading in November for Asian buyers to the lowest in months, reflecting weak fundamentals for Middle East crude that pushed the Dubai market structure deep into contango last month.
More Headlines

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.

All News Features

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

October 05, 2015
Robert Perkins looks at the future of diesel for automobiles in Europe and beyond in the wake of a scandal that caused many to question whether gasoline would be better.
September 30, 2015
The US Department of Transportation released its July 2015 Traffic Volume Trends, showing every state posting a year-over-year increases in vehicle miles traveled – except for North Dakota.
September 29, 2015
Pipelines are chasing crude-by-rail shipments out of most US markets, but the Bakken-to-Atlantic-Coast route has managed to keep a hold on its market share.
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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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