News & Analysis - Oil
March 06, 2015
How do you explain the massive amount of LPG being taken to Panama and unloaded there? David Henry analyzes where US LPG exports are really going.
March 05, 2015
Temperatures outside are bone-chilling, but the trading screen was red hot. That’s because ultra low sulfur diesel (ULSD) futures rocketed higher in response to the Arctic blast.
March 05, 2015
Analysts surveyed by Platts on Monday expected crude oil stocks to increase 3.7 million barrels week over week, but the latest data from the US EIA shows a much greater build.
London (Platts)--6 Mar 2015 912 am EST/1412 GMT
The tight supply of spot propane in Northwest Europe that has supported
physical premiums in March is likely to roll over into April, according to
market sources, as expectations for the number of US Gulf Coast exports
continue to dwindle and regional terminal demand grows amid lower North Sea
Singapore (Platts)--6 Mar 2015 634 am EST/1134 GMT
LPG prices in China were mixed this week amid uncertainties in market
outlook, with imported LPG price seen higher in South China and slightly lower
in East China, according to trade sources Thursday, March 5.
A wider NYMEX crude/ICE Brent spread and healthy demand in the US Gulf Coast for light sweet crudes supported the Light Houston Sweet cash differential, as it rose week-on-week by $1/b.
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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.
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.