News & Analysis  - Oil

The Barrel Blog

May 05, 2015
The downturn in oil prices has led to a lot of chatter about how best to spend money in the oil and gas world, and investing in technology came up repeatedly at OTC.
May 04, 2015
Every hero needs a sidekick, every dog needs its day, and every oil and gas conference has to talk about bettering communication with the public, it seems.
May 04, 2015
Is the investment worth it, especially when there is such an abundance of resources more readily available?
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Screaming encouraged: Taking a turn on the oil market roller coaster
May 04, 2015
The Peak Oil Peaker is a virtual roller coaster built entirely on oil market speculation. When will low prices and falling rig counts cause US production – and stomachs – to drop?
Signs point to increasing UAE oil supply; Iraq struggles to meet production targets
April 30, 2015
While the United Arab Emirates' major petroleum projects are going ahead as planned, Iraq is facing oil production growth challenges.
Russia refinery upgrades change face of European gasoil market
April 29, 2015
Assessing the changing face of the European gasoil market after Russian refinery upgrade projects led to lower sulfur gasoil exports.
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Feature: Light Houston Sweet Analysis

April 27, 2015
Nigeria's oil revenues may fall by $10 bil this year if world prices remain at the current average of $53/barrel, compounding funding challenge facing the country in meeting E&P targets.
Also in this feature
Analysis: Nigeria's crude lifting contracts
With the current Nigerian crude lifting contracts set to expire in May, speculation is rife as to whether the new government will change the terms of the buying arrangements.
Nigeria's new oil firms face financial pitfalls on road to growth
A wave of divestment by foreign oil companies of their Nigerian assets could see indigenous producers more than double output over the next five years.

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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.

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

London (Platts)--6 May 2015 858 am EDT/1258 GMT
The desulfurization margin, or the difference between 0.1% gasoil CIF cargoes and 10 ppm diesel CIF cargoes in the Mediterranean reached its narrowest in nearly five years Tuesday on rising demand for 0.1% cargoes against tightening prompt supply, traders said Wednesday.
Dubai (Platts)--6 May 2015 617 am EDT/1017 GMT
King Salman's double shake-up of Saudi Arabia's power structure and the kingdom's key petroleum sector could have major implications for oil supply.
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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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