News & Analysis  - Oil


November 30, 2015
George David Banks drops in to talk about the impact US oil production and export policy is having on diplomatic relations with China and the South China Sea territorial dispute.
November 27, 2015
Years of debate on whether India should stick to a cost-recovery model or not for its upstream industry may soon come to an end.
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.
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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

Seoul (Platts)--1 Dec 2015 228 am EST/728 GMT
South Korea's crude oil imports fell 3.7% on year in November, marking the first decline in more than a year.
Houston (Platts)--30 Nov 2015 626 pm EST/2326 GMT
Enbridge said it is still eyeing a 2017 start date for the largest pipeline project in company history as oral testimony began in Canada Monday over the Line 3 replacement project.
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.

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

November 26, 2015
Never say never... With this in mind, it would probably be foolish to rule out some kind of deal between OPEC and non-OPEC producers to manage supply. Margaret McQuaile explains.
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.
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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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