News & Analysis  - Oil


September 21, 2016
This year Russian refinery upgrades have well and truly kicked in, after some delays, leading to a significant fall in fuel oil exports to Europe, and a shift towards higher-sulfur Vacuum Gasoil.
September 19, 2016
It was an era of low US crude oil production, high prices, long gasoline lines and disco, and saw the advent of policies that shaped topics at the forefront of today's oil industry.
September 12, 2016
Gulf of Mexico crude oil production is expected to grow -- even as US regulators are growing increasingly concerned about another major spill or loss of life from offshore safety.
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News Headlines

Houston (Platts)--24 Sep 2016 1222 pm EDT/1622 GMT
The US oil rig count was up two to 418 on Friday, with the gains coming from unexpected areas during a week marked by a small recovery in oil prices as all eyes focused on an upcoming key OPEC meeting.
Tehran (Platts)--23 Sep 2016 709 am EDT/1109 GMT
Iran would be unlikely to agree to freeze its crude output at current levels as part of any deal among OPEC and other major oil producers, an Iranian official told S&P Global Platts on Friday.
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Platts to launch FOB Fujairah oil product assessments

2016-09-20 05:30:00 EST

Platts to publish independent, outright assessments on a free-on-board Fujairah basis for 95 RON gasoline; 10 parts per million sulfur gasoil and 500 ppm gasoil; jet fuel; and 380-centistoke fuel oil.

Feature: African Energy Outlook

September 01, 2016
Nigeria slipped into recession, as its oil output slumped to 1.69 million b/d in the second quarter of this year due to renewed militancy in the Niger Delta.
Also in this feature
Outlook for key Nigerian crude oil grades
Nigeria's main four crude grades -- Qua Iboe, Bonny Light, Brass River and Forcados -- are currently on force majeure due to militant attacks.
Kenya firms up plan to become first East African oil exporter
Kenya plans to start exporting its first crude from mid-2017 as the country pushes ahead with a planned export pipeline.

Price Focus

US Gulf Coast sweet crude differentials can be mixed as opposing factors pull US crude oil economics in different directions, Platts data shows. While there may be the possibility of a crude oil output freeze by major OPEC and non-OPEC producers, US commercial crude oil stocks are high.

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 23, 2016
The UN ICAO is poised to take a ground-breaking decision on a global market-based measure to control aviation’s greenhouse gas emissions in a matter of days.
September 22, 2016
The Eagle Ford shale oil patch has seen brighter days. New well permits are down, production is low (down from its 2015 peak of 1.7 million b/d, to around 980,000 b/d this year) and producers are pulling out of the region to focus their efforts elsewhere.
September 20, 2016
Instead of the relatively ho-hum day-to-day ups and downs that pass for normal in the world of buying and selling commodities, those who deal in jet fuel in the Chicago area have had to familiarize themselves with terms enough to make market players pull their hair out.
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Asia Pacific and Middle East Refined Oil Products methodology

Published March 2016

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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