Platts Global Oil Markets Archive
March 16, 2017
We discuss how Russian refinery upgrades and a rise in export duty have led to a fall in exports for fuel oil. However, one product in particular is seeing a rise in exports.
March 09, 2017
Our editors discuss Nigeria’s efforts to finalize the country’s second annual direct sale of crude oil and direct purchase of products program.
February 09, 2017
Ahead of the Platts London Oil & Energy Forum on February 20, our editors discuss matters such as OPEC’s output cut, West Africa’s clampdown on sulfur, and the new US president.
February 02, 2017
Once a N. African OPEC powerhouse for light, sweet crude oil, Libya is now riven by civil war and disrupted oil supply. We look at how the country is trying to pull itself back into contention as a supplier of crude into the Med and beyond.
January 26, 2017
We talk about the strength in Russia's Urals crude oil. With record crude volumes coming out of Russia, will December’s agreement with OPEC have a meaningful impact?
January 18, 2017
We discuss the current strength in low sulfur fuel oil in the Mediterranean, and the prospects for a fuel that faces an uncertain future in light of environmental regulation.
January 11, 2017
Platts editors Joel Hanley and Virginie Malicier discuss the naphtha market’s strong start to 2017. As the year unfolds, what has turned the market from bearish to bullish in the short term?
January 10, 2017
Mexico’s higher gasoline prices for consumers is having a ripple effect through North American gasoline markets as the US exports more product to its neighbor.
January 03, 2017
Effective January 3, 2017, the Platts US Gulf Coast fuel oil assessment has been updated to reflect residual fuel oil intended for end-use by the bunker sector to meet maritime fuel demand.
December 22, 2016
The presidents of Ensys Energy and Navigistics Consulting talk to Platts about their study regarding the potential impacts of the IMO's 2020 global sulfur cap.
December 14, 2016
S&P Global Platts editors discuss the nascent flows of Iranian gasoil into the ARA refining hub, where desulfurization opportunities have attracted the first shipments after a 10-year hiatus.
December 12, 2016
S&P Global Platts editors assess Russia's role in the agreement between OPEC and non-OPEC countries to remove up to 1.8 million b/d of crude oil from the market to accelerate rebalancing.
December 08, 2016
Platts editors Joel Hanley and Robert Beaman discuss the possibility of new grades of crude oil joining Brent, Forties, Oseberg and Ekofisk in the vital Dated Brent benchmark. Is Norway’s Troll the strongest candidate?
November 30, 2016
Will international players help SPIMEX's recently launched Urals crude oil futures contract become a benchmark for Russian oil?
November 21, 2016
Our Moscow-based oil editors discuss what impact the latest developments in Russia could have on the planned privatization of a 19.5% stake in Rosneft.
October 18, 2016
Saudi Aramco recently stopped its open credit line to Egypt's EGPC halting the supply of refined products. We discuss developments with a focus on the impact on the oil markets.
October 05, 2016
Interview with the head of Yara's scrubber business on the upcoming IMO emissions decision on whether to implement a global sulfur cap of 0.50% on marine fuels in 2020.
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 05, 2016
Interview with Budd Darr, senior vice president of technical and regulatory affairs at Cruise Lines International Association, on how tighter emissions regulations are impacting the global cruise liner industry.
August 23, 2016
S&P Global Platts editors discuss the rationale for the delay in Russia's Bashneft oil privatization plans and its implications for the market, now the authorities plan to sell a stake in Rosneft first.
June 08, 2016
Following numerous Russia-Asia economic events this spring, our editors assess the prospects of oil and gas cooperation with investors from several Asian countries.
June 01, 2016
As the EU is to debate the extension of oil sanctions on Russia in June, our editors in Moscow discuss the impact of the sanctions on the country's oil sector and the implications for both Russia and the EU.
May 25, 2016
Assessing the changing profile of Russian refineries and exports, as lower crude oil prices, tax reforms, refinery upgrades and financing difficulties create a mixed outlook.
May 10, 2016
Wildfires are still raging across northern Alberta, and the oil industry is grappling with shut-ins, forces majeures and price effects rippling through markets.
March 08, 2016
The US jet fuel industry is facing more problems with off-spec product, leading to lots of discussion around how jet fuel is stored, mixed, shipped on pipelines and tested.
March 08, 2016
Platts editors on why the premium of Med LSFO prices over NWE tumbled to its narrowest level in 20-months on the back of plummeting freight rates between the two regions.
March 03, 2016
Platts senior news editors discuss how the oil industry is adapting following a Q4 2015 earnings season in which oil companies took another severe hit from low oil and gas prices.
February 08, 2016
Platts editors assess the recent change in gasoil flows from Russia, the main driver of the shortage which has pushed NWE gasoil physical premiums to a 3-year high.
January 13, 2016
With a tumultuous year for oil prices now in the rear-view mirror, Platts editors assess the structural shift observed on the European jet fuel market in 2015 and the outlook for 2016.
November 23, 2015
Following Q3 earnings in which oil companies have taken a severe hit from low prices, Platts discusses how the industry is adapting and some of the more surprising outcomes of the slump.
November 18, 2015
Platts editors share key topics emerging from the recent Asian Ministerial Energy Roundtable in Doha.
November 16, 2015
It's almost summer in Australia, but that's not why oil and gas players are looking at it as a hotspot.
November 12, 2015
Traders expect the winding down of freight rebates offered by S Korea to domestic refiners that import non-Middle Eastern crude to have minimal impact on North Sea oil exports to Asia next year.
November 02, 2015
Platts editors examine the bullish turn in low sulfur fuel oil after months of decline, on the back of rising demand and lower volumes available.
October 02, 2015
Platts editors discuss the challenges faced by Myanmar's ageing refineries in trying to meet oil products demand, the role of fuel imports in the domestic market.
September 25, 2015
Japan buys bulk of its crude oil requirements from the Middle East. This year, however, the North Asian country has been importing cargoes from unconventional sources.
September 22, 2015
Platts editors discuss falling water levels on the Rhine River since mid-July, addressing rising NWE barge freight rates and the overall pricing impact of the situation.
September 18, 2015
From January to July, Thailand's crude oil imports from Malaysia surged by over 240% to 98,523 barrels per day from the same months in 2014.
September 09, 2015
The kingdom maintains its policy of defending market share, but will some oil projects be vulnerable to its spending cuts?
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.
August 19, 2015
Fundamentals behind an abundance of supply and lack of arbitrage opportunities which has seen NWE fuel oil market physical discounts deepen and the market contango widen.
August 14, 2015
Platts editors look at how the recent explosions at Tianjin port in China are affecting the oil shipping market.
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.
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.
July 16, 2015
Platts editors analyze the recent changes in Russia’s VGO output and exports in the aftermath of the tax reform and refinery upgrades.
July 10, 2015
Platts editors examine the factors behind a recent rise in physical crude oil differentials in the Atlantic Basin, focusing on the sweet crude market.
June 17, 2015
Why are many North Sea crude oil cargoes floating stationary off the UK coast, and what does it mean for European refiners and the WAF crude market?
June 12, 2015
Platts editors discuss the highlights of Asia's strong oil consumption and the factors that could affect the region's appetite for more oil moving forward.
June 10, 2015
Platts editors explain how offering to pay for crude oil freight will work for the Middle Eastern sellers and their Asian buyers.
June 03, 2015
Recently intensified consultations between the OPEC oil producing group and Russia, which is one of world's biggest oil producers and not a member of OPEC.
June 03, 2015
Assessing the recent oversupply situation in the European jet fuel markets and whether prices are on the rise in line with summer demand.
May 28, 2015
Platts editors discuss recent developments in the Nigerian gasoline market, where concerns arose over the quarter on payments of subsidies to gasoline suppliers.
May 18, 2015
Summer driving season is about to kick off in the US, where refiners are cranking up capacity to churn out more gasoline. Editors touch on gasoline prices, cracking margins, unplanned outages, as well as spot and futures markets.
May 15, 2015
Platts editors look at how recent political developments in Saudi and the separation of Saudi Aramco from the Ministry of Petroleum could affect international oil markets.
May 14, 2015
Platts editors analyze recent trends in Brent crude oil prices, focusing on a perceived disconnect between the rally in futures and the weak physical crude market.
May 8, 2015
Platts editors discuss the recent change in the European jet fuel specification and the serious implications for oil traders and pipeline operators across the continent.
April 29, 2015
Platts European oil editors examine the changing face of the European gasoil market after Russian refinery upgrade projects led to lower sulfur gasoil exports.
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.
April 17, 2015
Platts European oil editors discuss the surprising resurgence in Northwest European low sulfur fuel oil barge demand seen in the first half of April.
April 10, 2015
Platts editor Song Yen Ling analyzes China's policy change on crude oil import rights and its impact on operations of independent refiners.
April 10, 2015
Platts editors look at the impact of the recent election in Nigeria on the oil industry and on the physical oil markets.
April 06, 2015
Platts editors assess factors affecting Japan's refining margins.
April 02, 2015
Platts editors analyze what is causing the tightness in propane supply in Europe and its impact on prices.
March 18, 2015
Platts European oil editors examine the gasoline seasonality switch from winter to summer specification and blending demand; whereUS gasoline strength has impacted European markets.
March 12, 2015
Platts European oil and shipping editors examine the impact on the WAF crude oil market of the recent changes in freight rates; reduced use of VLCCs for floating crude storage.
February 6, 2015
Platts editors discuss the recent change in shipping emission regulations that has led to increased demand for European marine gasoil and the growing interest in other alternative fuels and technologies.
February 4, 2015
Platts oil team discusses the potentially big reforms in China's oil product pricing this year, and the challenges involved in implementing such changes.
January 29, 2015
Brian Pearce, IATA’s chief economist, talks to Ilana Djelal, associate editorial director for European clean products and Philippe Casey, European jet fuel editor on the impact of lower energy complex on downstream airline markets.
January 27, 2015
Yen Ling Song looks at the pattern of China's crude imports over the past years and discusses the factors that may affect the China's buying decision in 2015
January 23, 2015
Platts editors discuss why European airfares have not fallen in line with jet fuel prices, focusing on why hedging in the paper market prevents certain airlines from benefiting from the price declines.
January 14, 2015
Platts EMEA crude oil team discusses the widening contango on the ICE Brent Futures structure. As steep contango encourages traders to put Atlantic Basin, Persian Gulf and Asian crudes into inland and floating storage.
January 9, 2015
Platts European oil products editors discuss structural changes in the LPG market, focusing on increased propane exports from the US and the impact on the European market.
November 27, 2014
Platts editors discuss the subsidy policy shifts, the impact on oil imports, and the domestic appetite for fuel in both countries.
November 26, 2014
Platts editors discuss the upcoming changes to the Russian oil export tax scheme and their impact on both crude and product exports, the spot market and other effects.
November 21, 2014
Platts editors discuss the recent weakness in the European naphtha market with oversupply in Europe and low demand in Asia.
November 12, 2014
Platts editors discuss the recent OW Bunker bankruptcy and the consequences for the global bunker market; focusing on price, competition, finance, losses and other ramifications.
October 30, 2014
Platts editors discuss the impact on the oil and shipping markets of the recent Ebola outbreak in West Africa; and examine the steps taken by the shipping industry to continue loading operations in the region during this time.
October 16, 2014
Platts oil team discusses the growth prospect of jet fuel demand in China amid the rapid development of high-speed railway network; the product balance for jet fuel in China; and the factors that will likely affect jet fuel prices moving forward.
October 13, 2014
Platts European oil editors discuss the temporary drop of Russian October diesel exports against the overall picture of steady flows to Europe and expected increase of volumes next year.
October 9, 2014
Platts oil products team discusses the recent weakness in the European naphtha market, where cheaper propane remains in the petrochemical cracking pool and good availability of naphtha creates an overhang in the market.
October 8, 2014
Platts senior managing editor for the Asian oil markets Jonathan Nonis on the impending glut in ultra low sulfur diesel and gasoline in the region.
September 30, 2014
Platts EMEA oil markets editors discuss the recent strength in the Northwest European gasoline market, where refinery maintenance has exerted upwards pressure on prices.
September 25, 2014
Platts editors discuss the West African crude oil markets, focusing in-depth on the unique challenges and opportunities facing the African continent.
September 18, 2014
Platts editors discuss the recent weakness in the Med Urals market, where crude differentials have dropped relative to the Northwest European market as incoming arbitrage barrels from the Persian Gulf and Latin America work to divert demand.
September 15, 2014
Platts oil team discusses the growing interest of Asian companies in the oil and gas opportunities in Mexico.
September 10, 2014
Platts editors discuss the likely impact of new EU sanctions against Russian oil companies, and how the likes of Rosneft, Transneft and Gazprom Neft might combat the measures.
September 3, 2014
Platts news editors discuss the run-up to the vote on Scottish independence, how the future of North Sea oil and gas is at the center of the debate.
August 20, 2014
Platts shipping editors discuss the impact on tanker markets of the restart of crude oil loading from the Libyan ports of Ras Lanuf and Es Sider; the latest developments resulting from the spread of Ebola in W Africa.
August 13, 2014
Platts editors discuss the problems that hit the launch of the giant Kashagan oil field offshore Kazakhstan and the likely timeline for the field's restart.
August 11, 2014
Platts editors discuss the impact on the Russian oil and gas sector of ongoing Western sanctions against Russia and two court rulings in favor of Yukos former shareholders announced recently.
July 31, 2014
Platts' oil editors discuss the recent fall in the value of European low sulfur fuel oil relative to high sulfur fuel oil, with the recent glut of light, sweet crudes and subsequent fall in the value of the crudes, cited as a main factor in explaining the trend.
July 25, 2014
Platts' Song Yen Ling, senior writer for China, analyzes China's apparent oil demand during the first six months of 2014, which edged up 0.6% on year to 9.91 million b/d.
July 16, 2014
Platts editors discuss the biggest slide in Brent crude prices this year, including the impact of Chinese de-stocking on West African exports and the fragile recovery in European refining margins.
July 2, 2014
Platts editor John-Laurent Tronche explains how shippers traveling within 200 miles of US shores are just six months away from new emissions regulations, which will lower the amount of sulfur in fuel allowed within Emission Control Areas.
June 11, 2014
Platts crude oil editors discuss the recent low values seen in the Angolan crude market amid weak Chinese demand and tumbling refining margins.
June 4, 2014
Platts' European crude oil team discusses the recent reversal of fortunes for North Sea crude values, the bearish Med and Urals crude markets, stymied WAF crude arbitrage to China and an environment of poor refining margins across Europe.
May 29, 2014
Platts' European oil markets team discusses persistent weakness in the underlying gasoil demand and how this weakness is being mitigated by Baltic gasoil volume bypassing European markets in May.
May 20, 2014
Platts' EMEA crude oil team discusses the reasons behind West African VLCC freight rates languishing at their lowest levels for eight months.
May 16, 2014
A frigid winter in the Northeast gave US fuel oil markets a boost, but new regulations and more fuel switching in power generation means the fuel oil industry is facing major changes.
May 15, 2014
Platts' European oil team discusses recent weakening in the European physical and paper gasoline markets, as weaker arbitrage opportunities to the USAC failed to absorb length, as well as the impact of W African gasoline demand in blending economics.
May 12, 2014
Platts editors discuss how operable capacity for oil refining in Japan has dropped roughly 20% on government regulations and waning domestic demand.
May 12, 2014
Platts editors discuss the Great Australian Bight and its large offshore oil reserves, as well as which companies are moving in, what sort of production challenges they may encounter, and when spudding is expected to begin.
May 8, 2014
Platts' European oil products team on how liquidity in the European diesel market has surged in recent weeks amid strong buying from trading companies.
May 8, 2014
Platts' Asian oil team analyzes Japanese and South Korean buyers of Iranian crudes having maintained their annual term contracts for 2014 at volumes unchanged from last year.
April 29, 2014
Platts' oil news team discusses the move by Washington to add the CEO of Russia's Rosneft to its list of sanctions designed to put pressure on Moscow over the Ukraine crisis.
April 23, 2014
Mriganka Jaipuriyar and Song Yen Ling discuss how India's upcoming election is shaping the country's oil and gas exploration policies.
April 16, 2014
USAC is the traditional outlet for Europe's structurally long gasoline market, but an open arbitrage has been unable to translate in bullish fundamentals in NWE.
April 9, 2014
Alison Ciaccio and Bridget Hunsucker discuss Cushing, Oklahoma, the basis for the NYMEX light sweet crude contract, and the possibility of starting new US futures contracts.
April 9, 2014
Platts' Song Yen Ling assesses Chinese state-owned oil and gas companies' recently-announced investment plans, having taken the unusual step of cutting their capital expenditure.
March 25, 2014
Interview with the Port of Rotterdam Authority on the importance of fuel oil in the port of Rotterdam, reasons for the decline in demand of bunkers and developments and results to date of the sector wide bunker industry approach which commenced in 2013 in the port.
March 19, 2014
Platts oil editors discuss recent volatility in Russia's Urals crude oil, focusing on the fundamentals driving this change; and examine the impact on European crude markets.
March 4, 2014
Platts EMEA oil products team discusses the recent decision by UK oil importers to enact a new test on diesel filter-blocking tendency, which could make it more difficult to export Russian diesel to the country.
March 4, 2014
Record low temperatures in Japan are causing utilities to burn more direct burning crude for power generation. Platts Asia oil team discusses the continued pickup in demand for direct burning crude.
February 25, 2014
Platts editors discuss the shipping security measures now recommended by the Norwegian Maritime Authority, following the hijacking of a vessel off shore Luanda, Angola in January.
February 24, 2014
Platts' crude oil team discusses the reasons behind the weak North Sea crude oil market, and looks at the developing relationship between Brent crude futures and the physical market.
February 24, 2014
The Chinese oil sector is traditionally controlled by the state but this seems about to change. Platts discusses the advantages and likely impact of Sinopec's divestment plans.
February 12, 2014
Platts' European oil products team discusses the recent strength seen in NWE low sulfur fuel oil, stemming from regional outflows to the US due to unprecedented cold across the Atlantic and European refinery maintenance.
February 10, 2014
Ilana Djelal, associate editorial director, clean products EMEA, and Eline Potié, middle distillates editor, discuss trends and flows in the European gasoil market.
January 30, 2014
Wanda Wang explores how the West of Suez market and Aframaxes have pushed the rates up and shares market sentiments on the sustainability of the rates.
January 28, 2014
Platts oil markets editors discuss the factors that have contributed to the recent record strength in the dirty tanker market and its impact on crude oil differentials.
January 28, 2014
Sameer Mohindru discusses the performance of Aframax rates in 2013 and what events are rocking the boat for the market this year.
January 22, 2014
Platts oil products editors discuss a bearish start to 2014 for European diesel, jet fuel and gasoil, and assess the possible outlook for the domestic refining sector.
January 22, 2014
China's bunker fuel sales were estimated at 10 million mt in 2013, a 10% decrease from 2012. Atsuko Kawasaki examines the reasons behind the drop and shares market expectations for the year ahead.
January 16, 2014
Platts crude oil editors discuss recent developments in Libyan exports, as some crude returns to market from the west of the country while exports from the east remain limited.
January 9, 2014
Platts European oil products team discusses the recent strength on the European vacuum gasoil market and how the increase in US gasoline values and an open arbitrage has provided a huge boost to the VGO market in Europe.
January 8, 2014
Niels von Hombracht markets editor, a partner in a company called Downstream, discusses the most pressing issue for the oil storage market and trends driving storage issues for crude versus storage issues for petroleum products.
January 8, 2014
Despite muted growth in demand in the past year, gasoil is one product to watch in coming months. Song Yen Ling examines the general outlook for Chinese oil demand and notable developments in the market.
December 11, 2013
Platts European LPG editor assesses the recent volatility in the region's propane market, focusing on the impact of it on the European naphtha market.
December 6, 2013
Platts EMEA middle distillates editors discuss the falling European 50 ppm gasoil cash premiums, with Russian refineries having continued to modernize and now exporting less sulphurous gasoils, putting pressure on the market.
November 26, 2013
Ramthan Hussain looks at the importance of China’s move to build up its second-hand Very Large Gas Carriers fleet, in ensuring security of economically viable supplies.
November 26, 2013
Platts EMEA crude oil team discusses the reopening of a major crude arbitrage route from the North Sea to South Korea and the impact it has had on the North Sea market.
November 19, 2013
Platts EMEA middle distillates team leader Olivier Lejeune discusses the reasons behind the very low diesel prices seen in Europe with Charles Goldner, EMEA diesel editor.
November 18, 2013
James Bambino and Jeff Mower discuss the recent surge in gasoline prices and how its added fuel to raging Gulf Coast refining margins.
November 4, 2013
Platts Asia oil team discusses Malaysia’s new official pricing for its crude oil OSP Alpha and the move away from Tapis, exploring reasons for and market reactions to the move.
October 31, 2013
Platts EMEA shipping team discusses the factors affecting record high freight rates on very large crude carriers.
October 25, 2013
Song Yen Ling, Platts Asia senior writer for oil news, shares the latest data on gasoil production in China, and looks at how the slowing economy is impacting demand.
October 23, 2013
Platts EMEA crude editors discuss the market impact on oil prices of the closure of the UK's Grangemouth refinery since the week ended October 18.
October 22, 2013
Platts interview with Dr Edmund Hughes, Marine Environment Division, International Maritime Organization, discussing feedback from the shipping industry on 2015 and 2020 sulfur emission controls.
October 18, 2013
Platts oil team discusses important shale gas developments in the US and price reactions to the increase in export volumes.
October 9, 2013
Platts editors discuss the reopening of the North Sea crude oil arbitrage to East Asia, focusing on increases in WAF and N. Sea flows east and the effect on typical trade routes.
October 4, 2013
Song Yen Ling discusses the impact of China's plans to raise prices of cleaner transport fuels on producers and consumers, as well as reactions in the markets.
October 3, 2013
Platts editors discuss the weakness in European propane prices on the back of US imports into Europe, and why European cracker operators are happy to switch from naphtha to propane.
October 1, 2013
Platts US oil editors discuss the reasons behind increased ethane rejection, why there has been a bump up in propane exports, and propane prices relative to crude.
September 27, 2013
Platts EMEA shipping team discusses the factors affecting year-low Trans-Atlantic medium range tanker freight rates in light of European refinery maintenance, gasoline seasonality changes and an oversupply of MR tonnage in Europe.
September 26, 2013
Platts US oil team talks about how Midwest refining margins for Canadian crude and Bakken crude have risen lately, largely because of the relatively inexpensive supply of spot crude supply.
September 18, 2013
Platts EMEA oil team discusses the rapidly evolving situation in the Libyan crude oil market. What is the outlook for Libyan production and the impact on regional sweet crude markets?
September 11, 2013
Platts EMEA oil products team discusses the state of the European diesel market, with trading house, Vitol, among others, capitalizing on rising US distillates production this summer by sending large volumes of US diesel to Europe.
September 9, 2013
Platts interviews Michel Bénézit, the former Executive Vice President at TOTAL and now newly elected President of EUROPIA, on the ongoing challenges facing the European refining sector.
September 9, 2013
Mriganka Jaipuriyar discusses the effectiveness of India's policies to ease its account deficit, including scaling back demand and boosting iranian crude imports.
September 5, 2013
Platts EMEA crude oil team discusses Libyan crude oil outages and the related strength in the European and West African markets and the outlook for the regional sweet crude market.
August 28, 2013
Platts EMEA oil team discusses proposals from the European Commission to make jet fuel imports into Europe permanently duty free.
August 28, 2013
Takeo Kumagai, Platts Japan oil news editor, looks at reasons behind fluctuations in Japan's monthly crude oil imports from Iran in recent months, and the outlook for import volumes.
August 26, 2013
Ramthan Hussain looks at asian LPG prices which have been close to a six-month high, and the reasons behind the recent strength.
August 22, 2013
Platts EMEA oil team assesses the impact of strike action, shut-ins and force majeure in Libyan ports and export terminals on the Mediterranean oil supply picture.
August 16, 2013
RBOB futures moved higher on data showing a draw in US gasoline inventories, while news of progress to restart one of Libya’s ports after a strike limited upside in futures.
August 14, 2013
With refinery maintenance season approaching, the Platts European crude oil team discusses what factors continue to support the Urals market at close to all-time record highs.
August 9, 2013
After Rotterdam high sulfur fuel oil backwardation breached 13-year highs in early August, Platts European fuel oil editors take a look at the factors driving the market.
July 30, 2013
Platts European oil products editors assess current trends in the region's distillates markets ahead of the refinery maintenance season.
July 26, 2013
Platts Asia crude oil team discusses the changes in Omani crude grade and its downward pressure on market prices.
July 16, 2013
Platts EMEA oil team discusses what’s been driving the recent strength of the European high sulfur fuel oil market, while touching on the oversupply and lack of demand pervading the European low sulfur market.
July 10, 2013
Tim Worledge, managing editor for middle distillates, and Mustafa Alaskari, Platts editor for gasoil, discuss the dynamics of the high sulfur gasoil market as it adjusts to changing demand and supply patterns.
July 3, 2013
Platts EMEA crude oil team discusses a continued rise in values for Urals in both Northwest Europe and in the Mediterranean, that has seen both regions approach all-time highs.
June 20, 2013
Platts EMEA oil products team discusses the recent weakening in the naphtha market, as well as a limited seasonal strength in gasoline, and touch on low demand from the US gasoline market for European imports.
June 14, 2013
Platts oil editors sum up the key takeaways from the Asia Oil and Gas Conference, held in Kuala Lumpur from 9 to 11 June.
June 12, 2013
Platts EMEA oil products team discusses the current tight refined product fundamentals in the Mediterranean area. Traders say this could lead to higher refinery production from July onwards.
June 5, 2013
Platts EMEA crude editors discuss the recent 2013-high values of Northwest European Urals, the shortest Baltic export program in many years, the seasonal Russian refining and demand picture and ever evolving European sweet/sour crude spreads.
May 31, 2013
Ramthan Hussain, Platts asia senior editor for oil pricing, discusses the increase in competition amongst Middle Eastern producers and exporters in the near future.
May 29, 2013
Chua Sok Peng, Platts asia petrochemicals managing editor, discusses reasons behind PX build up in the next 3 years.
May 21, 2013
Platts EMEA crude oil team discusses the recent changes in European refining margins, which have seen dramatic and interesting developments in the worlds of sweet and sour crude driven by both crude and oil product values.
May 16, 2013
Why have US distillate exports declined recently and what do strong diesel crack spreads mean for US refineries expanding operations? US oil markets editors discuss.
May 14, 2013
Pradeep Rajan, team leader for Platts Asia Shipping and Freight, discusses the role reversal of both clean and dirty tanker markets and shares notable trends in the market.
May 14, 2013
Platts EMEA oil market editors discuss the state of the European jet market, as the physical jet market has seen a picture of strong oversupply and relatively poor demand; changes to the General Scheme of Preferences
May 10, 2013
Platts Asia crude oil team examines reasons for the downward trajectory of the Asia Pacific sweet crude market, and share their insights on what incoming West African cargoes could mean for Asia.
May 9, 2013
Platts EMEA oil markets editors discuss the state of the European diesel market, which has showed unexpected strength despite the end of the refinery maintenance season.
May 2, 2013
Platts EMEA crude editors analyze the recent tightening of the spread between sweet and sour crudes across NWE, the Mediterranean, and West Africa.
April 23, 2013
Fuel oil has been the brightest segment of the barrel this month, as most other European product cracks come under pressure. Platts EMEA oil team discusses why this is, and the implications for crude markets.
April 18, 2013
Platts EMEA oil team discusses the recent fall in gasoline demand both in Europe and the US, and the impact that is having on European refining margins.
April 18, 2013
Platts Asia oil news team discusses the sudden sharp drop in Japan’s recent crude imports from Iran and the impact on Japanese refiners.
April 10, 2013
Platts Houston oil editors discuss the new gasoline standards launched by the EPA proposing to lower the sulfur level in US gasoline to 10ppm by 2017.
April 10, 2013
Platts EMEA oil editors discuss the recent record high Aframax freight rates out of the Baltic region and look at the impact this has had on Northwest European Urals and related crude markets.
April 4, 2013
Pradeep Rajan, team leader for Platts Asia Shipping and Freight, looks at the performance of clean and dirty tanker markets in Q1.
April 3, 2013
Platts EMEA oil editors discuss the recent reform to the application of refined products’ tax in South Korea and its effect on a key Dated Brent crude, Forties.
March 26, 2013
Platts' editors assess the volatility in the NWE jet fuel market, focusing on refinery turnarounds tightening exports from the Persian Gulf to Europe, helping drive high prices.
March 21, 2013
Platts' editors discuss the recent divergence in prices for Russia's Mediterranean Urals crude and Iraq's Kirkuk crude, which reached a level not seen for more than four years on increasing demand for Urals.
March 18, 2013
Jonty Rushforth on the reasons behind changes in refinery capacity in the Middle East and their implications on the Asian oil markets.
March 6, 2013
Platts' EMEA crude oil team discusses the recent high values seen in Nigerian crude oil and the outlook for the market in light of supply disruption in both Africa and Europe.
February 28, 2013
US editors discuss the current production levels of West Texas Sour crude in comparison to overall US crude production, why differentials have fallen and why WTS is in more demand by refineries.
February 27, 2013
Platts' EMEA crude oil team discusses the reasons behind the recent weakness in the sour Russian Urals crude market, focusing on refinery turnarounds and production.
February 21, 2013
Platts' EMEA oil team discusses the reasons behind naphtha’s recent strength and record physical premium over the front-month swap.
February 14, 2013
Elza Turner and Olivier Lejeune, editors from the European oil team, examine the imminent maintenance of refineries in Europe and Russia.
February 5, 2013
Platts' EMEA oil team assesses the various factors that have contributed to a surge in European gasoline prices compared to diesel in recent weeks.
January 31, 2013
Platts' New York oil futures team discusses what’s driving the rally and what lies ahead when demand starts to pick up in the summer months.
January 29, 2013
Platts' EMEA oil team discusses the impact of refinery upgrades on the European diesel market.
January 17, 2013
Platts' Houston oil team discusses the affect of Venezuelan President Hugo Chavez's reign, including how Venezuela has changed from a huge exporter to an importer of gasoline from the US.
January 15, 2013
Platts' EMEA oil team discusses the recent market dynamics in the key benchmark Dated Brent market, focusing on Forties crude production.
January 11, 2013
Platts' EMEA oil team looks at a tumultuous year for the European fuel oil market, starting with soaring premiums for high sulfur fuel oil and ending in a flood of supply.
December 12, 2012
Platts' EMEA crude and oil products team discusses the returning refining capacity and the impact it is having on the key oil product, diesel.
December 5, 2012
Pradeep Rajan, Platts' Singapore-based shipping team leader Pradeep Rajan explains how the clean tanker segment has stayed strong despite the Asian tanker market suffering in 2012.
November 29, 2012
Platts' EMEA oil team discusses the impact of multiple force majeure on West African crude grades and the knock-on effect on North Sea crude grades and European refining margins.
November 13, 2012
Platts' EMEA oil team discusses the recent production problems at the UK’s largest oil field, Buzzard, which have had a large impact on Brent futures and North Sea physical crude prices.
November 7, 2012
Alison Ciaccio, oil futures editor, and John Kingston, director of news, examine why oil prices have not spiked in the wake of Hurricane Sandy despite a tight supply situation.
November 1, 2012
Platts' Song Yen Ling discusses the reasons for China's oil demand hitting record levels in September, and which products are showing the strongest growth.
October 31, 2012
Platts' EMEA oil team discuss the factors at play in explaining the current relative weakness of the Med ULSD market when compared to NWE; assess current strength in ARA barge market.
October 17, 2012
Platts' EMEA oil team discusses the reasons for the sudden drop in low sulfur fuel oil premiums, including trading houses' response to the end of refinery maintenance season.
October 12, 2012
Platts' EMEA light ends editors discuss the effect of Sonatrach's on-going upgrade program at the 300,000 b/d Skikda refinery on the European gasoline and naphtha markets.
October 4, 2012
Platts' EMEA oil team examines the dynamics driving prices in the European diesel market; examine reasons behind the significant loss of refinery capacity.
October 1, 2012
Platts' US futures editor, Alison Ciaccio, discusses the impact on the physical gasoline market of supply disruptions in Venezuela and Canada.
September 28, 2012
Platts' EMEA oil team asks what factors have triggered wide price fluctuations in the NWE jet fuel market over Q3 and consider how refinery maintenance and persistent backwardation has left Europe susceptible to supply shocks.
September 18, 2012
Platts' EMEA oil team assesses the strength of the NWE low sulfur fuel oil market; focusing on recent events resulting in the highest backwardation in nearly a decade; and tracing the impact of regulation and refinery maintenance on the evolution of this market.
September 13, 2012
Platts editors discuss how the heating oil crack spread has recently broken through the $19 range, which is especially strong this time of year, as the market approaches peak heating oil season.
September 7, 2012
Platts editors look into the changing supply-demand balance for bunker fuel in the US following the introduction of the North American Emissions Control Area.
September 4, 2012
Platts' EMEA oil team assesses the factors behind the Urals crude differentials, shedding over $2.00/b versus the Dated Brent benchmark in just three weeks after touching all-time record highs in August.
August 28, 2012
Platts' EMEA oil team examines the influence that US Gulf Coast and South American refining capacity has over Europe’s gasoline and diesel markets as Tropical Storm Isaac crosses the Florida Keys into the Gulf, and fire rages at the huge Amaury Bay refinery in Venezuela.
August 22, 2012
Benno Spencer, EMEA dirty products team leader, and Ned Molloy, editor for EMEA fuel oil, discuss the impact of the North American Emission Control Area on European low sulfur fuel oil.
August 10, 2012
Shameek Ghosh and Jeff Mower discuss the price of ethanol versus corn and the ramifications of gasoline prices at a discount to ethanol.
July 26, 2012
Elza Turner and George Martiniuc, Platts EMEA oil editors, discuss the rise in Russian fuel oil prices following lower export duty for August deliveries; and assess higher European fuel oil benchmarks.
July 17, 2012
Alison Ciaccio, oil futures editor, and Bridget Hunsucker, associate editor, discuss the factors surrounding rising Gulf Coast crude differentials and a widening Brent/WTI futures spread.
July 17, 2012
Simon Thorne, Platts editorial director EMEA oil, and Andrew Bonnington, associate editorial director EMEA clean products, discuss a resurgent European ULSD market and the factors contributing to the market strength.
July 4, 2012
Platts EMEA oil team discuss the dramatic failure of Petroplus, Europe's largest independent refiner, which has focused attention on the ongoing plight of European refiners suffering under weak margins and wilting regional demand for fuels, with many refiners having closed in the region in the past decade.
June 27, 2012
Platts EMEA oil team discusses the current state of the Dated Brent market following the huge fall in oil prices seen over the months of April, May and June, and the return to a contango structure seen over the last few weeks.
June 15, 2012
Jeff Mower, editor-in-chief of Platts Oilgram Price Report, Alison Ciaccio, futures reporter, Shameek Ghosh, US biofuels reporter, and John Kingston, director of news, discuss the ethanol price drop due to a well-supplied market, lower feedstock prices, and decreased demand; and the affect on the crude futures market of the OPEC decision to reduce production to its agreed 30 million b/d ceiling.
June 13, 2012
Platts EMEA oil team discusses the current environment in the European light ends markets and the factors contributing to chronic weakness in the global naphtha market.
June 11, 2012
Platts Asia editorial direction, Vandana Hari, takes a closer look at India's declining oil and gas consumption, and the various implications of their lowered energy demands.
June 7, 2012
Ellie Weir, Platts EMEA team leader for shipping, and Angela Velasco, discuss the various factors that have contributed to record lows in clean freight rates and depressed rates in the dirty tanker market.
June 7, 2012
Platts team leader for markets, Hector Forster, speaks to Takeo Kumagai, Tokyo oil correspondent, about how Japan's crude and fuel oil demand for power generation could high their highest levels in almost a decade.
June 1, 2012
Song Yen Ling, Platts senior writer for the Chinese oil markets, explains what China's latest unveiling of its own deepwater drilling rig means for their offshore drilling plans in the near future.
May 30, 2012
Andrew Bonnington, Platts senior managing editor for EMEA clean products, explains the recent weakness and return to contango in the European naphtha market. Cheap LPG and thin Asian cracking demand are dampening appetite for European naphtha grades with little immediate prospect on the horizon for a rebound.
May 18, 2012
The long-awaited Seaway Pipeline reversal has started, with crude being delivered from the glutted US Midwest to Gulf Coast refiners. What has the impact been on oil futures, and what could the reversal mean for Midwest refining margins going forward? Jeff Mower, Alison Ciaccio, and James Bambino discuss.
May 10, 2012
Crude oil reporters Olivier Lejeune and Daniel Colover discuss the continuous flow of North Sea crude to South Korea seen since December 2011, which has increased European crude prices and limited refiners' profit margins for the benefit of UK and Norwegian oil producers, according to traders.
May 8, 2012
Petroleum futures have tumbled over the past week, with NYMEX front-month crude down roughly $10/b since May 1. What's driving the decline? Jeff Mower, editor-in-chief of Platts Oilgram Price Report, and Alison Ciaccio, futures editor, explain what's going on.
May 1, 2012
Jeff Mower, editor-in-chief of Platts Oilgram Price Report, Alison Ciaccio, futures editor, and Matthew Kohlman, US light ends editor, discuss the price impacts of Delta Air Line’s purchase of the 185,000 b/d Trainer refinery near Philadelphia from Phillips 66. The purchase will put more jet fuel and RBOB back into a tightening Atlantic Coast market, but comes with its own risks as the additional capacity could lower refining margins in the region.
May 1, 2012
Elza Turner, Russian domestic market reporter, and fuel oil reporters George Martiniuc and Ned Molloy, discuss the impact of the new Russian tax regime on fuel oil export flows so far and why levels remain steady despite the less favorable duty.
April 25, 2012
Jeff Mower, editor-in-chief of Oilgram Price Report, and James Bambino, futures editor, discuss the recent decline, pointing to lower physical gasoline prices in Europe as well as renewed confidence in the market that supply will be able to meet summer demand.
April 24, 2012
Ellie Weir, Platts EMEA team leader for shipping, and Eklavya Gupte, tackle the growing issue of piracy in West Africa and look at the reasons it has been increasing this year along with the impact that it is having on the shipping industry.
April 19, 2012
Takeo Kumagai, Platts Tokyo news correspondent, and Jonty Rushforth, senior managing editor, discuss Japanese demand for low sulfur fuel oil and its effect on the international markets.
April 17, 2012
Daniel Colover Platts EMEA crude oil editor and Ned Molloy Platts EMEA fuel oil editor, discuss how the Urals cracking margin in NWE has risen to the highest level since 2008 and how strength in the low sulphur fuel oil market has played a part in this rise.
April 12, 2012
Song Yen Ling, Platts senior writer for the Chinese oil markets, discusses the overall upstream oil and gas reserves growth for Chinese state oil companies.
March 29, 2012
David Ruisard, Platts US light ends editor, and Esa Ramasamy, director of Americas oil for Platts, discuss why we shouldn't worry about $4 per gallon at the pump in the US.
March 21, 2012
Platts EMEA oil team discusses how refining margins have improved recovering from the lows seen at the beginning of March after refinery run cuts, and current low retail demand for diesel and gasoline due to high outright values.
March 21, 2012
Guilherme Kfouri, associate editor for Platts EMEA fuel ethanol, and Maria Tsay, assistant editor for Platts EMEA biodiesel, discuss factors that have been pressuring European biofuels markets in the first quarter of 2012.
March 15, 2012
Platts EMEA shipping team discusses shipping lines responding to record high bunker fuel prices at many ports and how the freight market is responding and how many ship owners increasingly prioritizing the cheapest ports for their bunkering operations.
March 8, 2012
Jeff Mower, editor-in-chief of Platts Oilgram Price Report, and Tim Worledge, middle distillate team leader in London, discuss how refining margins have turned lower in March, turning negative in parts of the US and Europe, as refiners are paying up for crude supply.
March 7, 2012
Benno Spencer, team leader for European dirty products, Chris Vowden, senior EMEA oil editor and George Martiniuc, EMEA fuel oil editor, discuss the factors influencing the recent weakness of the European high sulfur fuel oil market and investigate the reasons behind the contrasting strength of low sulfur fuel oil.
March 1, 2012
Andrew Bonnington, senior managing editor for European clean products, and Derek Hardy, EMEA LPG editor, discuss the factors influencing the recent strength in the European propane market and the current balance of supply and demand.
February 29, 2012
Takeo Kumagai, Platts' Tokyo news correspondent, discusses the United States' push for Japan to cut imports of Iranian crude, in light of Japanese needs to maintain its power generation capacity post-Fukushima.