News & Analysis  - Oil

The Barrel Blog

July 31, 2015
With the end of the Obama administration in sight, signs point toward a deadline on the Keystone XL decision.
July 30, 2015
Mexico's debut bidding event in Round One of its energy reform is now history, and resulted in what was widely agreed was a poor showing.
July 28, 2015
Russian giant Rosneft's recent deals in Asia suggest it is potentially shifting the balance of its crude oil sales in the region, Daniel Colover observes.
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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.

News Headlines

China LPG prices stay unchanged amid thin buying interest, steady supply
Singapore (Platts)--31 Jul 2015 708 am EDT/1108 GMT
Prices of imported and domestically produced LPG were stable in South and East China this week, despite Saudi Aramco cutting its August contract prices by $30/mt, local trader sources said Friday.
Bill to repeal US crude export limits passes Senate energy committee
Washington (Platts)--30 Jul 2015 511 pm EDT/2111 GMT
The US Senate Energy and Natural Resources Committee passed Thursday, in a 12-10 vote, a bill to repeal long-standing limits on US crude exports, setting up a possible full Senate vote on the export policy this fall.
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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.

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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.


Rotterdam fuel oil weak despite arbitrage loadings, prompt bunkers supported
July 30, 2015 - Platts editors discuss the recent weakness and healthy supply of the Rotterdam high sulfur fuel oil market, despite the recent slew of arbitrage fixtures from the region.
Looking forward to the next year of US crude oil news
July 27, 2015 - On the 50th episode of Capitol Crude, Brian Scheid and Herman Wang look back at their year in podcasting and revisit some of the hottest oil topics to see what's changed and what's new.
Nigerian tanker ban sparks anger in shipping, oil sectors
July 23, 2015 - Platts editors discuss the recent decision by the Nigerian National Petroleum Corporation (NNPC) to ban 113 crude tankers from loading at Nigerian oil terminals.
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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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