News & Analysis  - Oil


Obama administration aiming high to regulate aircraft emissions
June 29, 2015
Come out of your tinfoil bunker: The Obama administration's recently announced plans to regulate commercial aircraft emissions, but any effects would likely be years in the future.
Sanctioning the deal: oil and gas majors' latest agreements with Russia analyzed
June 26, 2015
Fresh from the St. Petersburg International Economic Forum, Platts editors debate the implications of many of the deals signed by Russia with foreign partners.
Asian oil demand growth doubles, but is it sustainable?
June 12, 2015
Platts editors discuss the highlights Asia's strong oil consumption and the factors that could affect the region's appetite for more oil moving forward.
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News Headlines

Oil futures rally as Greece seeks fresh bailout before deadline
New York (Platts)--30 Jun 2015 450 pm EDT/2050 GMT
The oil complex strengthened Tuesday after Greece made a last-ditch effort to secure new bailout funds, while Iranian nuclear negotiators extended their midnight deadline by a week.
Russia to up duty on higher sulfur gasoline; levy marine gasoil
London (Platts)--30 Jun 2015 1222 pm EDT/1622 GMT
Russia is looking to raise from next year the excise duty on gasoline lower than the Euro 5 class to encourage refineries to switch to the higher spec product with max 10 ppm sulfur content, according to proposed amendments to the tax code published on the government's website.
More Headlines

News Feature: African Energy Outlook

June 18, 2015
Cameroon's oil industry has been on something of a road to recovery in recent years, with the country seeing crude production rise to its highest level in more than a decade earlier this year.
Also in this feature
Nigeria should sell stakes in JVs with foreign partners
The Nigerian government should start selling off its stakes in oil joint ventures with foreign partners to ease funding issues.
Angola courts China to secure oil exports
The visit of Angolan President Jose Eduardo dos Santos to China comes at a critical stage for Angola.

All News Features

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.

The Barrel Blog

July 01, 2015
The country's oil sector is under pressure from the drop in oil prices, declining output, industrial accidents, as well as by hyper-inflation, says Mery Mogollon.
June 30, 2015
Earlier this month, BP's latest Statistical Review unintentionally reopened a debate into whether the US has regained the crown as the world’s top oil producer.
June 29, 2015
Nadia Rodova digs beyond the scant information about Russian oil production and gives more clues about the true state of the industry there.
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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