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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

April 14, 2018
The US' declaration that the overnight missile strikes against Syria would be limited and a "one-time shot" may tamp down some of the risk to oil prices spiking when markets open Monday.
April 14, 2018
The risk of a direct military confrontation between the US and Russia over Syria has raised energy security concerns in Europe. Oil prices touched three-and-half year highs above $72 b/d after US President Donald Trump signaled a possible military response to alleged chemical weapons attacks near Damascus.
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View from the Top

View from the Top: An interview with Spencer Dale
April 23, 2018
Spencer Dale, chief economist at BP, talks on the dangers of high oil prices, peak oil demand, the exposure of the US shale sector to rising interest rates, the outlook for natural gas, Asian demand, and the future for oil majors in a fast-changing energy landscape.
Market Movers Europe, Apr 16-20: Energy traders closely monitoring events in Syria; OPEC and non-OPEC ministers to meet
April 16, 2018
In this week's Market Movers: Traders expect a bearish week for European gas; US sanctions on Rusal are expected to continue unsettling aluminum markets; and the shipping industry will be digesting the IMO’s proposals on reducing greenhouse gas emissions.
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Latest Middle East News

Tehran (Platts)--25 Apr 2018 816 am EDT/1216 GMT
Any renegotiation of the nuclear deal by Western powers would be a violation of its terms and prompt Iran's withdrawal from the agreement, President Hassan Rouhani said Wednesday.
Singapore (Platts)--18 Apr 2018 730 am EDT/1130 GMT
Iraq's Basrah Light and Basrah Heavy crude oil grades pushed past record high premiums from earlier this week amid zealous buying in the Asian sour crude spot market as refiners prepare for summer demand.
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April 23, 2018-S&P Global Platts senior oil writer Herman Wang recaps the OPEC Joint Ministerial Monitoring Committee meeting held April 20; and the reaction to US President Donald Trumps's social media comment which livened up what had been a fairly uneventful affair.
April 03, 2018-S&P Global Platts editors discuss whether the EV revolution could be halted by a supply shortage of nickel; and the implications for battery metals, such as cobalt and lithium.
March 28, 2018-S&P Global Platts editors discuss the changing landscape for bunker fuel demand across the world, and how things may change as emission limits are cut in 2020 in accordance with IMO regulations.
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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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