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Middle East Commodity News, Analysis, and Prices

For up-to-the-minute Middle East news and prices
For up-to-the-minute Middle East news and prices
Platts Middle East coverage is expanding to provide you with the essential information you need to navigate rapidly evolving commodity markets across a diverse continent. Here you will find a focal point for our existing benchmark services that cover the region - from explaining the key Platts pricing methodologies to showcasing news, analysis and prices across markets such as oil, petrochemicals, agriculture, and metals.

News Features

June 08, 2018
Since 1988, S&P Global Platts has published a monthly survey tracking OPEC crude oil production by country. The estimates are obtained through a review of proprietary shipping data, news reportage and surveys of knowledgeable sources.
May 25, 2018
The CEO of Russia's top oil producer Rosneft, Igor Sechin, Friday warned that oil prices could hit new records in the near future due to the sanctions that the US is implementing against some hydrocarbons producing countries.
May 25, 2018
Global oil prices fell by up to 3% Friday after Saudi Arabia said it is working on a plan with allies to boost oil supplies in H2 2018. OPEC and its partners led by Russia had been expected to maintain their strategy of 1.8 million b/d of cuts until the end of the year. However, the group has faced mounting criticism from major consuming nations over failing to dampen prices climbing above $80/b.
All News Features

Commodity Pulse video

Managing bunker price exposure in the container market
May 25, 2018
The rising cost of marine fuels and the IMO 2020 global sulfur cap are likely to keep bunker fuel prices volatile. S&P Global Platts has launched new bunker charge assessments, on a $/FEU basis, to help bring transparency to the cost of transporting containers.
2018 Brent crude oil volatility: May outlook
May 09, 2018
Quantitative analyst Vito Turitto on the factors that will likely see the Dated Brent crude oil market experience a higher degree of market volatility in the coming weeks.
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Latest Middle East News

London (Platts)--14 Jun 2018 659 am EDT/1059 GMT
OPEC is divided on Saudi Arabia's plans for the group to change its production cut deal to ease prices, Iran's OPEC governor told S&P Global Platts Thursday.
Moscow (Platts)--14 Jun 2018 600 am EDT/1000 GMT
Saudi energy minister Khalid al-Falih on Thursday expressed confidence that OPEC and its non-OPEC partners will reach an agreement on gradually increasing output and loosening quotas when they meet next week in Vienna.
Read Latest News Headlines


June 15, 2018-Following a meeting of energy chiefs with Pope Francis in the Vatican, Britain's Lord Browne, former CEO of BP and current executive chairman of L1 Energy, tells S&P Global Platts that change in the world's biggest industry, oil and gas, will be a slow process.
June 08, 2018-Jane Nakano, a senior fellow with the energy and national security program at the Center for Strategic International Studies, joins Capitol Crude to talk about energy trade between the US and China and where it's headed.
May 31, 2018-Tackling growing road transport emissions is one of the EU's biggest challenges in meeting its long-term climate change commitments.
May 29, 2018-US Navy Admiral Jonathan Greenert, the Chief of Naval Operations from 2011 to 2015, talks Iran, global maritime security and the US role in policing international waters. (Part 1 of 2.)
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The Barrel blog

April 20, 2018
A decade has passed since the 2008 dry bulk freight rates began a long downturn which coincided with the Financial Crisis and culminated with a historic low in January 2016.
March 09, 2018
OPEC ministers came to Houston this week for a “thank you” that never arrived. Since OPEC and non-OPEC producers reached their historic supply cut agreement in December 2016, global oil prices have stabilized above $60/b and supply and demand are nearing the ever-elusive balance.
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Platts Middle East Price Assessments

LNG MEM half-month assessments

LNG Australia/Ain Sukhna Egypt Freight cost
DES MEM 2 Half-Month
DES MEM 3 Half-Month
DES MEM 4 Half-Month

Shipping assessments

LNG Middle East/Ain Sukhna Egypt Freight cost
LNG Australia/Ain Sukhna Egypt Freight cost

Middle East Methodologies

Market Data Direct

Oilgram News

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