News & Analysis - Oil
Singapore (Platts)--30 Jul 2015 332 am EDT/732 GMT
The FOB Singapore 500 ppm sulfur gasoil swap spread has edged up slightly
from an all-time record low reached Tuesday, though demand-supply fundamentals
remained largely bearish with the contango structure still firmly in place.
Houston (Platts)--29 Jul 2015 403 pm EDT/2003 GMT
US ULSD stocks rose to a record high for the fourth straight week, as
East Coast stocks also hit a record for the fifth straight week, according to
Energy Information Administration data released Wednesday.
July 30, 2015
Mexico's debut bidding event in Round One of its energy reform is now history, and resulted in what was widely agreed was a poor showing.
July 28, 2015
Russian giant Rosneft's recent deals in Asia suggest it is potentially shifting the balance of its crude oil sales in the region, Daniel Colover observes.
July 27, 2015
If at first you don’t produce, frac, frac again.
July 24, 2015
About 700 million barrels of crude oil stored in four sites along the US Gulf coast seems to have recently inspired the imagination of a cash-strapped Congress.
Cameroon's oil industry has been on something of a road to recovery in recent years, with the country seeing crude production rise to its highest level in more than a decade earlier this year.
Also in this feature
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.
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.