News & Analysis  - Oil


Questions linger over US crude production, transportation, exports
April 24, 2015
Platts editors share what they heard at the 2015 IHS CERAWeek, from questions over crude oil production to reassessing transportation and storage to reconsidering export restrictions.
Iran: What could its crude 'flood' look like?
April 23, 2015
Platts editors analyze the possible impact of the so-called flood of Iran's oil on the market once sanctions are lifted.
A conflict resolution for Iran oil sanctions? 'Take care of yourself and each other', said one Mr. Springer
April 20, 2015
Scheid and Wang put their conflict resolution skills to the test as they stage an intervention between Obama and Congressional lawmakers.
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News Headlines

Brent/WTI spread settles above $8/b on Yemen risk, bearish US supply
New York (Platts)--24 Apr 2015 336 pm EDT/1936 GMT
The June ICE Brent/NYMEX WTI spread settled $1.02 wider at $8.13/barrel Friday after hitting a one-month high early in the session amid ongoing fighting in Yemen and bearish supply pressure in the US.
NWE propane discount to naphtha at widest in six months
London (Platts)--24 Apr 2015 713 am EDT/1113 GMT
The discount of the front-month CIF Northwest Europe propane swap to the equivalent CIF Northwest Europe naphtha swap -- a relative measure of the competitiveness of the LPG against Europe's traditional steam cracker feedstock -- hit its widest in six months Thursday on balanced propane fundamentals and more bullish sentiment in the naphtha market.
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Feature: Light Houston Sweet Analysis

April 16, 2015
A lower differential for West Texas Intermediate in Midland, Texas, weighed on the market for light sweet crude in Houston, as the differential for Light Houston Sweet declined week on week.
Also in this feature
Infographic: Platts Light Houston Sweet
Much has been made of the domestic light sweet crude flooding US markets, and we attempted to capture some key points about some of that oil in this infographic centered on one of Platts key price assessments: Light Houston Sweet.
Platts Light Houston Sweet: New pricing for a new market
Read the white paper produced by Platts' crude and pricing teams.

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Commodity Pulse

The challenging economics of oil production in a low price environment

February 02, 2015 (17:46)

Dave Ernsberger and Ross McCracken analyse oil companies' capex and operational costs and discuss when cut-backs might affect global supply.

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

April 23, 2015
The EC Commission carried out dawn raids on a number of gas companies in September 2011 and opened an investigation a year later, in September 2012. On Wednesday, April 22, it filed a formal statement of objections against Gazprom over its gas sales to eastern Europe.
April 22, 2015
Wednesday was supposedly natural gas day at IHS CERAWeek, but oil topics still leaked into some of the discussions and there was an announcement from a coal company.
April 21, 2015
Many of the themes raised Monday at IHS CERAWeek were reprised Tuesday, the second day of the conference. But Tuesday’s offerings were decidedly more global.
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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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