News & Analysis  - Oil

News Feature: African Energy Outlook

September 04, 2015
When Muhammadu Buhari took power, he promised to investigate the disappearance of billions of dollars in oil and LNG income, fuel scams and irregularities surrounding crude oil swaps. How is he faring?
Also in this feature
Buhari cracks down on oil theft
Nigeria's President Buhari has stated that he will tackle oil theft, with estimates that about 250,000 b/d of it is stolen by oil gangs
Nigeria's aspirations rather than certainties
Goodluck Jonathan's PIB was never passed, casting doubt on his decision to lump together all oil and gas industry reforms in a single bill.

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News Headlines

Russia sees 30% of crude oil exports heading to Asia by 2020
Moscow (Platts)--4 Sep 2015 746 am EDT/1146 GMT
Russia expects to send up to 30% of its crude oil exports to Asia as soon as 2020 and has accelerated work on diversifying its markets away from the west, with production in eastern regions expected to see a significant boost in the next few years, energy minister Alexander Novak said Friday.
China buys Russian crude oil to ensure supply security: CNPC chairman
Vladivostok (Platts)--4 Sep 2015 451 am EDT/851 GMT
Buying crude oil from Russia allows China to ensure security of supply as cooperation between the two countries is likely "to gain new momentum," China National Petroleum Corp.
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European refiners stave off maintenance on cheap crude, good margins
September 02, 2015
As Europe's refining sector nears the seasonal maintenance period end, many refiners are looking to postpone maintenance so as to capitalize on the currently strong margin environment.
Global spare capacity sources: Should idled US shale oil wells count?
August 31, 2015
Platts editors duel over the notion of idled US shale oil wells contributing to global spare capacity and how this might affect price forecasts going forward.
Considering how low oil can go before the Bakken goes bust
August 24, 2015
North Dakota's Bakken Shale embodies much of the best of the US' oil revolution and has been a success in spite of global oil market fundamentals.
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Commodity Pulse

Will Iran's crude find homes in a much changed oil landscape?

July 29, 2015 (10:20)

As Iran looks to a post-sanctions world in which it is once again free to sell its crude, Platts editors ask whether, in the face of up to 3 million b/d of oil oversupply, they'll be a place for Iranian product.

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

September 04, 2015
Brian Scheid shares three things to consider ahead of the potential legislative battle to let US crude hit the global market.
September 02, 2015
OPEC has regularly stated its willingness to talk to other producers in its latest Bulletin seems merely to reiterate this. Margaret McQuaile investigates.
September 02, 2015
Price volatility plays havoc with costing and investment planning, forcing some oil companies into a holding pattern in the hope of greater certainty over future returns.
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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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