News & Analysis  - Oil


Gasoline taxes helping to drive up demand for hydrous ethanol in Brazil
May 21, 2015
Demand for hydrous ethanol in Brazil is booming, with the biofuel becoming more competitive than gasoline and bouncing back to demand levels on par with December 2009.
US refiners hoping gasoline margins remain high on summer travel demand
May 18, 2015
Summer driving season is about to kick off in the US, where refiners are cranking up capacity to churn out more gasoline.
It's complicated: The US, Venezuela, and China's crude oil relationship
May 18, 2015
The US, China and Venezuela are part of a shifting "love triangle" centered on crude imports and exports. Could the US rekindle its relationship with the Latin America country, once the largest source of US oil imports?
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News Feature: Crude oil market outlook

May 20, 2015
The North Sea crude oil market showed mixed signals May 15, with Dated Brent versus second-month cash up $0.21/barrel at minus $0.94/b, even as Forties came off a touch.
Also in this feature
Steady buying seen in Middle East sour crude market
The Middle East sour crude market continued to see steady buying for medium-sour grades amid concerns over supply in Asia May 15.
Lower demand for light sweet crude pressures LHS differential
A week-on-week decrease in buying interest for light sweet crude in the US Gulf Coast following a string of planned and unplanned refinery issues resulted in a lower differential for Light Houston Sweet.

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The Barrel Blog

May 25, 2015
Nigeria and Angola are the two biggest producers in in West Africa, but the crudes from these two countries have treaded divergent paths.
May 22, 2015
Pope Francis is set to weigh in on the climate change debate in what has already caused a considerable buzz, even before the message has been released.
May 21, 2015
The next 'leap second' event will occur on June 30, 2015. Will the world as we know it change in the blink of an eye?
May 18, 2015
The US shale industry took a high-profile bashing this month from David Einhorn, the US hedge fund manager who gained notoriety by shorting Lehman Brothers.
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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.

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.

News Headlines

Singapore (Platts)--25 May 2015 528 am EDT/928 GMT
China's April imports of crude oil from Middle East suppliers rose 10% year on year to a record high of 16.61 million mt or 4.06 million b/d, led by Saudi Arabian supply, according to detailed data released Saturday by the General Administration of Customs.
Houston (Platts)--22 May 2015 1253 pm EDT/1653 GMT
US drivers hitting the roads this Memorial Day weekend can expect to find the lowest prices at the pump since 2009, federal data showed Friday.
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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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