News & Analysis  - Oil

Podcasts

Impact from lower jet fuel prices on airline markets to fully manifest itself in 2016: IATA
January 29, 2015
Brian Pearce, IATA's chief economist, talks to Platts jet fuel editors on the impact of lower energy complex on downstream airline markets.
Even after US ethanol prices tumble, industry issues remain
January 27, 2015
US biofuels editors preview some hot-button issues for 2015, including prices, imports and exports, transportation, blending and the RFS.
Will China buy more crude oil in 2015?
January 27, 2015
China's crude import pattern over the past years and the factors that may affect the country's buying decision in 2015.
All Podcasts

News Headlines

Junior Alberta oil sands players looking for more options: officials
Calgary (Platts)--30 Jan 2015 407 pm EST/2107 GMT
Alberta's major oil sands producers are still investing in the current price environment, but the pinch is being felt increasingly by junior producers, several of whom are burdened with significant debts, according to industry observers.
Unknown status of middle distillates in Turkey creates problems amid VAT change
London (Platts)--30 Jan 2015 906 am EST/1406 GMT
The status of middle distillates currently stored in Turkish terminals is still unclear, according to traders Friday, amid an impending VAT change designed to identify oil products imported for either re-export or domestic distribution.
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Oil Outlook 2015 video

OPEC and US crude producers engage in game of brinkmanship as prices tumble

January 15, 2015 (18:33)

Platts' editors discuss the incredible reversal of fortunes for both global crude, and refined oil product markets such as gasoline, naphtha and LPG; and the ramifications of the huge price fall for US shale producers, Saudi Arabia, end consumers, and the aviation and shipping industries.


Feature: African Energy Outlook

January 14, 2015
The slump in global oil prices will likely have far reaching implications for African nations facing elections and states heading for first oil.
Also in this feature
East African frontier
East Africa's regulatory and infrastructure gaps could hinder the transition from gas exploration to production in the medium term.
Nigeria faces hurdles as election looms
Nigeria's presidential elections are likely to be the most divisive since 1999, with plunging oil prices, corruption, and security key issues.

All News Features

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.



The Barrel Blog

January 30, 2015
Oil producers in the North Sea and UK officials are butting heads over the government's labyrinthine system of upstream taxation and its effects amid low prices.
January 30, 2015
In North America, 2015 has started with a curious amalgam of steel and oil news, both involving business between the US and Canada.
January 29, 2015
While conventional oil takes time to slow down, it also takes time to speed up. It will be shale that is best placed to benefit from any oil price recovery.
All Blogs

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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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