Latin American crude production is on the rise, with countries like Brazil, Guyana and Argentina leading the way. However, Latin American heavy sour crude output is expected to decline, and flows will be reshuffled as Canada’s Trans Mountain crude pipeline expansion starts up and as operations begin at Pemex’s Olmeca refinery. Why is heavy sour crude output declining, and what does the output decline and reshuffling of barrels mean for crude prices?  SPGCI's Americas oil news director Jeff Mower discusses these questions and more with oil research analysts Stephanie Rivera and Nick Blanco and crude pricing director Beth Brown. Register for CERAWeek Register for World Petrochemical Conference Related content: Latin America Short-Term Outlook – Crude Oil (report) Liza FOB Guyana (price) Oriente FOB Esmeraldas (price) Western Canadian Select at Hardisty (price)

As the European ultra-low sulfur diesel complex rallies on concerns around Eastern resupply unable to pass through the Red Sea, gasoil – its high-sulfur counterpart – is under unusual pressure. In this episode of the Platts Oil Markets podcast, editors Natasha Tan and Nadia Bliznikova discuss recent trends with Francesco Di Salvo. Further reading: Med ULSD-gasoil spread at 14-month high on tight diesel, weak gasoil (subscribers) Related price assessments: AAVJJ00 - Gasoil .1%S (1000ppm) CIF Med Cargo (NextGen MOC) AAUQC00 - Gasoil .005%S (50ppm) FOB ARA Barge (NextGen MOC) AAWYZ00 - ULSD 10ppmS CIF Med Cargo

Following a 1 million b/d growth in US oil output in 2023, oil producers and service companies have been warning of slowing growth this year during their fourth quarter earnings calls. Will production surprise to the upside? And what would that mean for US refiners? In this episode of the Platts Oil Markets podcast, senior upstream editor Starr Spencer, senior refinery editor Janet McGurty and midstream editor Binish Azhar discuss these questions and more with host Jeff Mower, Americas Oil News Director. Further reading: ExxonMobil, Chevron tweak Permian operations while nearing 1 million boe/d output Volatile prices, slower growth seen tamping down Helmerich & Payne's 2024 rig count Valero sees wider coastal heavy crude differentials on heavy Q1 turnaround season

In the face of continued security issues in the Red Sea stemming from Houthi attacks on commercial vessels, European trade patterns for oil products across the barrel are changing. S&P Global Commodity Insights’ Robert Perkins, Nadia Bliznikova and Takis Gounaris join Joel Hanley to discuss the impacts the Red Sea disruption are having on the European supply-demand balance for key oil products

Asia so far, has not witnessed any dramatic changes to near-term oil supplies amid the ongoing Red Sea crisis, but refiners are chalking out alternative plans to ensure steady feedstock flows in the event of an escalation -- a move that could inflate insurance costs and crimp refining margins. There has been a strategic push among Asia's top importers to massively diversify their import baskets over the years, as well as expand strategic storage capacities. The market is trying to find answers on whether these developments can come in handy to ensure smooth and uninterrupted supplies of feedstocks. Or are there enough reasons for Asian oil buyers to worry about supplies? In a wide-ranging discussion with Asia Energy Editor Sambit Mohanty, S&P Global Commodity Insights’ Rahul Kapoor, Vice President for Shipping Research and Analytics, and Sameer Mohindru, Senior Editor for Asian Freight Markets, share their views on how some of the recent geopolitical developments could potentially affect Asian oil flows, tanker freight and shipping costs.

With OPEC suggesting in its monthly oil market report that global oil demand growth will outweigh an expected increase in non-OPEC supply across 2024 and 2025, market watchers will be keen to see how the group and its allies respond to still slumping oil prices. In this episode, S&P Global Commodity Insights’ Jim Burkhard, Rosemary Griffin and Charlie Mitchell join Herman Wang to discuss the key points of the group’s latest report, OPEC supply from a wider geopolitical and economic outlook, as well updates on Libyan output and Angola’s decision to leave OPEC at the end of 2023.  London Energy Forum 2024

For the first Oil Markets episode of 2024, S&P Global Commodity Insights' oil experts team up across pricing, news and research to provide a fresh look at the crudes everyone is talking about — the new grades from Guyana’s Stabroek Block. Jeff Mower speaks with Ha Nguyen, Felipe Perez and Pat Harrington about how Liza, Unity Gold and Payara Gold are helping drive global production growth outside of OPEC. They discuss production forecasts, how action from Venezuela could affect growing exports, and where Guyana’s crude is going. How are emerging refiner preferences affecting the price of the new Guyanese grades? And with turmoil in the Red Sea disrupting trade flows and boosting the price for some crudes in the Atlantic Basin, what is in store for Guyanan oil?   Links: Register for CERAWeek by S&P Global Subscribe to Platts Connect

In the final episode of the Oil Markets podcast for 2023, S&P Global Commodity Insights crude and refined products directors Joel Hanley and Richard Swann round up the biggest events and trends of the year.  They provide an across-the-barrel retrospective of the year in oil markets, including shifting trade flows, developing markets for Russian oil, the emergence of Guyana as a crude powerhouse and a landmark year for established benchmarks Dated Brent and Dubai. Related prices: ULSD DAP South Brazil (All-Origin) AULDA00 Payara Gold FOB Guyana AYARA00 Dated Brent PCAAS00 Dubai Mo1 PCAAT00 Further reading: Guyana calls for UN sanctions on Venezuela over disputed territory Midland's successful inclusion into Platts Dated Brent

The UK’s Grangemouth refinery is set to cease operations in the coming years to be converted into a fuel import terminal, owner Petroineos has said, with current operations to continue into at least early 2025. The refinery supplies close to 86,000 b/d of transport and heating fuels to the UK market and has a direct pipeline of supply from Forties crude, though has in recent years it has seen its reliance on the North Sea grade wane. The news marks a continuing theme of refinery closures in Europe, with the International Energy Agency estimating close to 610,000 b/d of production capacity being taken offline between 2020 and 2022. In this podcast, S&P Global Commodity Insights’ Global Director of Crude and Fuel Oil markets, Joel Hanley, speaks with Kelly Norways, reporter for downstream oil, Elza Turner, senior editor covering oil markets and Matthew Tracey-cook, associate editor, EMEA Light Ends to discuss the knock-on effects of Grangemouth’s coming closure, and casts an eye on the latest developments in the refining sector in the UK, across Europe and more globally.

A reduction in daily transits at both the Neopanamax and Panamax lock systems have resulted in longer wait times to transit the Panama Canal. These limits to daily transits are expected to continue into 2024, leading shipowners to raise freight costs as they look for reimbursement for higher transit and demurrage fees. As the price of auction slots continues to rise, owners are looking at alternative routes to circumvent the canal altogether. The uncertainty may also affect bunkering demand at what has become one of the biggest hubs in the world. Commodity Insights' Americas dirty products manager Patrick Burns sits down with Americas tankers reporter Catherine Rogers to discuss how shipping markets have been impacted by the continued conservation measures taken by the ACP, what upcoming restrictions mean for shipowners, and how shippers plan to navigate the logistical bottleneck heading into 2024.

The new year looks set to see a seismic shift in China’s oil industry, as concerns grow about the future of crude oil imports and by extension product exports from the country, amid headwinds in the country's refining sector. Questions abound about the impact of China’s reduction in crude imports and the knock-on effect it might have on product exports from the swing exporter.  In this podcast, S&P Global Commodity Insights' Oceana Zhou and Daisy Xu, our China market specialist for oil join Jonathan Nonis, our Associate Editorial Director to discuss some of these questions.  

The West African Gasoline market is about to undergo major transformations. Belgium has proposed new environmental measures to suspend low-quality motor fuel exports, following similar move by the Netherlands. Will consumers like Nigeria turn to alternative blending hubs, or resign themselves to higher prices at the pump? In this episode of the Platts Oil Markets podcast, London-based downstream reporter Kelly Norways and gasoline editor Matthew Tracey-Cook join Joel Hanley to discuss the impacts of these new regulations and how the markets have reacted so far. Related price assessments: AAKUV00 –  Platts Gasoline FOB NWE West Africa Cargo PGABM00 – Platts Gasoline Prem Unleaded 10ppm FOB ARA Barge Further reading: Belgium moves to prohibit export of low-quality motor fuels to Africa Imports of gasoline into Nigeria to meet 200 ppm sulfur cap: sources

The lifting of Venezuelan oil sanctions by the US has sparked a series of reactions in the upstream market. S&P Global expects an increase of roughly 100,000 b/d in crude exports from Venezuela to 850,000 b/d.  Jeff Mower, director of Americas oil news, sits down with Americas crude markets editor Patrick Harrington and Mexico energy editor Sheky Espejo to discuss the sanctions and the impact their lifting will have on competing Mexican and Canadian crude grades.

European fuel oil sulfur spreads surged in October as events further afield spurred opposing price movements for low- and high-sulfur fuel grades. A sudden easing of US oil and gas sanctions on Venezuela has sent high sulfur markets tumbling, while a mysterious shift in exports from Kuwait hit low sulfur markets in the Middle East and Asia, all against the backdrop of a gentle wind-down to an unusual European summer. In this episode of the Platts Oil Markets podcast, Francesco Di Salvo is joined by Managing Editor for fuel oil Rowan Staden-Coats. Related price assessments: PUABC00 - FO 3.5%S FOB Rdam Barge PUMFD00 - Marine Fuel 0.5% FOB Rdam Barge $/mt

Oil market volatility amid the conflict in the Middle East has started to ring alarm bells for Asian refiners. Hamas' surprise attack on Israel has fanned worries of a long-drawn period of geopolitical turbulence at a time when global oil markets are already been facing a squeeze in supplies, while demand continues to grow. This has rekindled the debate on oil crossing the $100/b threshold again.  S&P Global Commodity Insights' Asia energy editor Sambit Mohanty speaks with Kang Wu, head of global demand and Asia analytics, and Daniel Colover, head of market engagement for the Middle East, on how some of the recent geopolitical developments, including the removal of sanctions on Venezuela, could potentially affect Asian oil markets.

Geopolitical tensions are, once again, spooking oil markets, with the Israel-Hamas war dominating all discussions. Even with the impact of the armed conflict so far restricted to the Mediterranean, market players are increasingly concerned about the potential for escalation, which is being reflected in rising insurance premiums.   In this episode of the Platts Oil Markets podcast, Andy Critchlow, the London-based head of the S&P Global Commodity Insights news team, and oil and freight reporters Nadia Bliznikova and Lei Zhong join Joel Hanley to discuss the impact of a conflict that evokes memories of major oil crises in the past.  Related price assessments: AAWYZ00 - ULSD 10ppmS CIF Med Cargo PFADB10 -  Clean Med-Med 30kt MR Wsc As mentioned in the episode, explore our Energy Security Sentinel™ and see how disruptions affect energy flows in the region.

After sanctions on Russia in the aftermath of the invasion of Ukraine, Brazil started sourcing 78% of its imports from Russia. But in mid-September, Russia announced a ban on refined product exports to ease its own domestic fuel prices. It quickly changed course, however, partially lifting the ban in early October to free up storage for winter grade diesel and to offload remaining summer product. Now, the Brazilian market must decide whether to trust Russia as a steady source of fuel or to to return to the more reliable US Gulf Coast for diesel supply. S&P Global Commodity Insights' light ends pricing manager Sarah Hernandez, middle distillates manager Jordan Daniel, and Latin America refined products reporter Maria Jimenez Moya discuss how Russia lifting its diesel ban is affecting trade flows in Brazil.  Links: (NEW) AULDA00 - ULSD DAP South Brazil (All-Origin) $/bbl Join us on Platts Connect

Global fuel markets were set to receive another shockwave when Russia announced a ban on diesel and gasoline exports amid tight domestic supplies. Brazil and other importers of Russian diesel were expected to suffer the most. But judging by the falling prices, things are not going quite as some had expected. In this episode of the Platts Oil Markets podcast, London-based oil news reporter Elza Turner and oil price reporters Matthew Tracey-Cook and Sasha Foss join Francesco Di Salvo to discuss the market's reaction to a ban that many traders doubt Russia can stick to for much longer. Related price assessments: AAVBG00 - ULSD 10ppmS CIF NWE Cargo AULDA00 - ULSD DAP South Brazil (All-Origin) AAQZV00 - Gasoline Eurobob FOB AR Barge Read more: Russian authorities discussing easing diesel export ban: energy minister

As crude prices have recently inched up past the $90/b level, they are on pace to end the third quarter nearly 35% higher than they started, fundamentally altering the landscape for both upstream and downstream players. Drillers and producers are ramping up output as they look to capitalize on high prices, while refiners are more cautious as they expect tight supply, low inventory and rising demand through year-end. S&P Global Commodity Insights' oil futures editor Chris van Moessner chats with upstream editor Starr Spencer and senior refinery writer Janet McGurty about the industry is adapting to the new price environment and how that could impact Q3 results.    Join us on our new comprehensive platform, Platts Connect

The OPEC+ production cuts continue to impact both crude oil and refined products. Dated Brent has reached a 10-month high. Prices in the diesel market are also rising amid supply constraints. Meanwhile, the latest report from the IEA has warned investors of strong demand in Q4. In this episode of the Platts Oil Markets podcast, London-based oil news reporter Robert Perkins and oil price reporters Sam Angell and Sasha Foss join Francesco Di Salvo to discuss the current bullish sentiment supporting prices as market participants react to the latest developments in the oil markets. Price assessments discussed: PCAAS00 - Dated Brent AJSVB00 - Johan Sverdrup FOB North Sea vs North Sea Dtd Strip AAVBG00 - ULSD 10ppmS CIF NWE Cargo

The 39th annual Asia Pacific Petroleum Conference in Singapore captured the tone of Eastern oil markets in early September, catapulting the energy transition back into focus after the distraction of recent world events. Richard Swann, Dave Ernsberger and Joel Hanley share their views on what was a lively week, packed with information on oil, carbon, shipping, biofuels and more. They also reveal the conference’s oil price prediction for the end of the year. Related: Interactive: Platts Periodic Table of Oil - 6th edition sees new technology, carbon intensity data Check out our coverage of APPEC 2023 on our website.

The European bionaphtha market is starting to gain traction as the number of available feedstocks increases and demand for cleaner alternatives grows. Limited supply capacity has kept prices high, but production is set to increase amid a boom in biorefinery construction in the region. As a result, more trading opportunities will become available, along with the potential for a liberalized and transparently priced market. In this episode of the Platts Oil Markets podcast, London-based oil price reporters Vinicius Maffei, Simone Burgin and Aly Blakeway join Francesco Di Salvo to discuss the development of bionaphtha, as well as SAF and biopropane markets, as Europe leads the way in alternative fuels. PAADU00 - Bio-Naphtha FOB NWE Premium $/mt ABPRB00 - Bio-Propane FCA NWE Premium $/mt AJNWF00 - Sustainable Aviation Fuel CIF ARA Premium $/mt

Americas refined products markets are adjusting to altered trade flows more than a year after Russia’s invasion of Ukraine. Refined products that were once supplied to Brazil from the US Gulf Coast have now been replaced by Russian barrels, while other markets in Latin America are still being wary of touching Russian product out of fear of repercussions from the US. Oversupply has caused naphtha in particular to deal with volatility and low export demand.  S&P Global Commodity Insights’ Maria Jimenez Moya, Latin America refined products price reporter, sits down with Sarah Hernandez, managing editor for Americas light ends pricing, to discuss the changes arising in North and Latin American markets of naphtha and refined products as a result of Russian inflows. Related prices: NEW: AULDA00 - ULSD DAP South Brazil (All-Origin) $/bbl AGSUA00 - Gasoline CFR Suape Cargo Differential USC/Gal

Asia's oil demand revival, China's much anticipating role in aiding that recovery, heightened concerns around managing legal, regulatory and sanctions risks , as well as the region’s affinity for embracing new energy will be some of the key themes in focus at the Asia Pacific Petroleum Conference -- or APPEC 2023 -- organized by S&P Global Commodity Insights and scheduled to take place in Singapore from September 4 to 6 of 2023.   In a wide-ranging discussion with Asia Editorial Lead Sambit Mohanty, three senior market experts at S&P Global Commodity Insights -- Calvin Lee, Asia Head of Content, Mriganka Jaipuriyar, Asia Head of News, and Kang Wu, Head of Global Demand and Asia Analytics --  share their insights on the key themes that could potentially dominate the discussions at APPEC, we well as how Asian energy companies and policy makers are crafting out their future energy strategies in a region heavily dependent on fossil fuel imports.   S&P Commodity Insights APPEC is returning to Singapore this September 4-6. Save the date! Stay on top of our coverage of APPEC 2023 on our website. More listening options:    We want to hear about your podcast preferences so we can keep improving our shows. Take our podcast survey here and share your thoughts: https://www.surveylegend.com/s/4xyz

For many years, Russia was Europe's main supplier of key refined oil products until Western sanctions were imposed in February 2023. Six months into the embargo on Russian refined products, markets across the continent continue to adjust. Prices appear to be rising and shipping times have lengthened as European buyers find products further afield in India, the Middle East and the US Gulf Coast.  In the second of a special two-part Platts Oil Markets podcast retrospective, OPEC+ Oil News reporter Rosemary Griffin and Refined Oil Products Managers Gary Clark and Kieran Hess join Francesco Di Salvo to discuss how European oil markets have adapted to a "new normal" following one of the most consequential events in the geopolitics of oil in decades. Click here to listen to part 1 of this special retrospective. Related price assessments: AAVBG00 – ULSD 10ppm CIF NWE Cargo PAAAL00 – Naphtha CIF NWE Cargo PMAAS00 – Propane FOB ARA   S&P Commodity Insights APPEC is returning to Singapore this September 4-6. Save the date! Stay on top of our coverage of APPEC 2023 on our website.   We want to hear about your podcast preferences so we can keep improving our shows. Take our podcast survey here and share your thoughts: https://www.surveylegend.com/s/4xyz

Trade disruptions. Refinery adjustments. New arbitrage flows. These are some of the consequences Europe faced as the continent had to wean itself off Russian crude following the embargo, which came into effect in December 2022. Russia has since managed to find new customers in Asia, but military attacks on oil infrastructure in the Black Sea could jeopardize such a strategy.  In the first of a special two-part Platts Oil Markets podcast retrospective, OPEC+ Oil News reporter Rosemary Griffin and Crude Oil Managers Emma Kettley and John Morley join Joel Hanley to discuss how European oil markets have adapted to a "new normal" following one of the most consequential events in the geopolitics of oil in decades. KBCOB00 – KEBCO CIF Med vs Med Dtd Strip  KBCOD00 – KEBCO CIF R'dam vs Med Dtd Stri AURLA00 –  Urals DAP India vs Dubai DWCUB00 – Urals DAP India vs Forward Dated Brent   S&P Commodity Insights APPEC is returning to Singapore this September 4-6. Save the date! Stay on top of our coverage of APPEC 2023 on our website.   We want to hear about your podcast preferences so we can keep improving our shows. Take our podcast survey here and share your thoughts: https://www.surveylegend.com/s/4xyz

The small South American country of Guyana has experienced a quick transformation within the past decade, going from zero oil production in 2019 to nearly 400,000 b/d in 2023 and that is expected to reach around 600,000 by the end of 2024. That will position Guyana as one of the world’s top oil producing countries in the world and a rare exception in the market where exploration and production is expanding. S&P Global Commodity Insights' oil pricing and news experts Laura Huchzermeyer, Patrick Harrington, and Starr Spencer discuss investment and pricing trends in Guyana, as well as new price assessments for Guyana’s Unity Gold. Prices in this episode: Liza FOB Guyana ALIZA00> Unity Gold FOB Guyana AUNIA00> We want to hear about your podcast preferences so we can keep improving our shows. Take our podcast survey here and share your thoughts: https://www.surveylegend.com/s/4xyz

Refiners in Asia are crafting out expansion strategies and pumping billions of dollars to diversify their portfolio and adapt to the changing energy landscape. Renewables, hydrogen and solar energy are starting to figure in their ambitions. But a key area of focus for refiners is to raise their petrochemicals intensity to ensure business models remain profitable in the event electric vehicles and other cleaner forms of energy take a toll on demand for transport fuels. In a wide-ranging discussion with Asia Energy Editor, Sambit Mohanty, three senior market experts at S&P Global Commodity Insights -- Maria Tsay, Global Head of Petrochemicals Pricing, Zhuwei Wang, Asian Oil Analytics Manager, and Pulkit Agarwal, India Content Head -- share their insights on whether going further downstream would be the only option for refiners to remain profitable and over the longer term. We want to hear about your podcast preferences so we can keep improving our shows. Take our podcast survey here and share your thoughts: SPGCI Podcast Survey More listening options:

Nigeria, Africa's largest crude oil producer, is struggling to keep oil flowing amid leaks at the Forcados oil terminal port. The ill-fated facility has been offline for much of 2022 due to sabotage, and now faces the prospect of another force majeure that could affect European markets. In this episode of the Platts Oil Markets podcast, oil news reporter Charlie Mitchell and oil price reporters Luke Stuart and George Delaney join Francesco di Salvo to discuss what is happening in Nigeria and how traders have reacted so far. Related price assessments: AAGXP00 - Forcados FOB Nigeria vs WAF Dtd Strip AAGXL00 - Bonny Light FOB Nigeria London vs WAF Dtd Strip AAHPM00 - Azeri Light CIF Augusta vs BTC Dtd Strip We want to hear about your podcast preferences so we can keep improving our shows. Take our podcast survey here and share your thoughts: https://www.surveylegend.com/s/4xyz

North American heavy and sour crude price differentials have reached multiyear highs in recent weeks. These are prices that are typically seen only after major production disruptions like hurricanes. But there are no clouds in sight in the Gulf of Mexico. Sour crude prices are supported by a myriad of factors including global supply tightness, Strategic Petroleum Reserve buybacks and very strong values for high sulfur fuel oil. S&P Global Commodity Insights' Laura Huchzermeyer, Americas crude pricing manager, discusses current pricing trends with USGC crude reporter Kristian Tialios and residual and marine fuel manager Patrick Burns. We want to hear about your podcast preferences so we can keep improving our shows. Take our podcast survey here and share your thoughts: https://www.surveylegend.com/s/4xyz

Europe is bracing for challenges this summer as its main waterway experiences lower-than-usual rainfall. The Rhine is drying up well ahead of historical patterns, and the short-term forecast is for water levels to fall below critical levels for barge navigation as early as mid-July.  In this Platts Oil Markets podcast from S&P Global Commodity Insights, John Morley is joined by oil news reporter Robert Perkins, as well as Natasha Tan and Vinicius Maffei, middle-distillates and light-ends price reporters respectively. Together they look at the immediate impact and potential disruption to European oil product markets should the Rhine suffer a severe dry spell. Related price assessments: AAJUS00 - ULSD 10ppmS FOB ARA Barge PJABA00 - Jet FOB FARAG Barge PAAAL00 - Naphtha CIF NWE Cargo $/mt We want to hear about your podcast preferences so we can keep improving our shows. Take our podcast survey here and share your thoughts: https://www.surveylegend.com/s/4xyz

Summer travel season is upon us, so what's the outlook for fuel demand in the Americas for the coming months? Naphtha, a key component in gasoline, was recently in short supply but now appears to be in ample supply, and recent S&P Global analyst reports show an anticipated rebound in diesel demand in the second half of 2023. S&P Global Commodity Insights' Sarah Hernandez, Americas light ends pricing manager, discusses recent trends in gasoline, aromatics and distillates with petrochemicals editor Wendy Dulaney and Americas distillates manager Jordan Daniel. We want to hear about your podcast preferences so we can keep improving our shows. Take our podcast survey here and share your thoughts: https://www.surveylegend.com/s/4xyz

OPEC’s kingpin Saudi Arabia has slashed its crude output by a further 1 million b/d in July, bringing the alliance’s total cuts to 4.7 million b/d in the month, or about 5% of global capacity. But with Asia’s crude import mix evolving since the Russia-Ukraine conflict, S&P Global Commodity Insights’ Asia Oil Editor Neo Rong Wei spoke with Asia Oil News Managing Editor Philip Vahn and China Analyst Oceana Zhou about the impacts of these cuts, as well as factors affecting Asia’s crude demand.   We want to hear about your podcast preferences so we can keep improving our shows. Take our podcast survey here and share your thoughts: https://www.surveylegend.com/s/4xyz Related Platts price assessments:  AAYEE00 - FOB Singapore 92 RON Gasoline crack spread vs M2 Dubai Swap  AAHCF00 - FOB Singapore gasoil crack spread vs Dubai swap  AAHCM00 - FOB Singapore Jet fuel/Kerosens crack spread vs M2 Dubai Swap Explore the details of the Energy Asia Conference here. CERAWeek by S&P Global is a knowledge partner for the conference.    

The war in Ukraine has created a new set of trade flows, as many buyers look to avoid Russian commodities. What are European buyers doing to replace Russian crude oil, and how have these changed flows upturned the markets? In the latest Oil Markets podcast, London-based crude oil price reporters Luke Stuart, George Delaney, and Sam Angell discuss with Joel Hanley how oil from Brazil, Iraq, and the US is helping fill the gap.   We want to hear about your podcast preferences so we can keep improving our shows. Take our podcast survey here and share your thoughts: https://www.surveylegend.com/s/4xyz Related price symbols: AAWVI00 - Urals Primorsk vs Med Dtd StripPCAAS00 - Dated BrentWMCRB00 – WTI Midland CIF RotterdamAAGXN00 – Qua Iboe AAGXT00 – Cabinda And explore more crude grades on our Periodic Table of Oil, an interactive with all the key information on region of origin, price, trade volumes, sulfur content, viscosity, carbon intensity, trade flows and benchmarks.

Canada's crude production has been reduced in recent weeks by wildfires in Alberta, tightening price discounts for some Canadian crude grades. While the bulk of output has returned, and longer-term output is expected to rise 500,000 b/d by 2030, high development costs are threatening that outlook, with Equinor announcing a delay of its Bay du Nord project.  S&P Global Commodity Insights' Jeff Mower, director of Americas oil news, discusses these market conditions and their impacts with Americas crude pricing reporter Julia Pecha and Calgary correspondent Ashok Dutta. We want to hear about your podcast preferences so we can keep improving our shows. Take our podcast survey here and share your thoughts: https://www.surveylegend.com/s/4xyz

More and more ships are turning off their transponders in the Black Sea in risky but lucrative trades. Deep discounts on Russia's main export crude, Urals, and refined products such as gasoil and diesel, are attracting strong market interest. And dark shipping in "no man's land" now appears to be another option for those willing to play the markets.  In this episode of the Platts Oil Markets podcast, S&P Global Commodity Insights editors Max Lin, Luke Stuart and Natasha Tan join Joel Hanley to discuss Russia's new attempts to break through Western sanctions. We want to hear about your podcast preferences so we can keep improving our shows. Take our podcast survey here and share your thoughts: https://www.surveylegend.com/s/4xyz Related price symbols: AAWVI00 - Urals Primorsk vs Med Dtd Strip AAYWS00 - Gasoil 0.1%S CIF NWE Cargo AAVBG00 - ULSD 10ppmS CIF NWE Cargo Related content by our speakers on this episode: Russia behind 225% spike in shadowy oil transfers at sea Infographic: Russia drives global spike in dark STS transfers Russia's Urals shines as crude export volumes grow in May

As Asian oil demand recovery shows signs of sustaining the strong momentum, there were two key questions that's keeping refiners on tenterhooks -- if purchasing Russian crude would increasingly get tougher following the recent pledge by G7 leaders to ensure stricter policy enforcement. And secondly, if OPEC and its allies would aim for further cuts as prices have climbed down to relatively modest levels. In a wide-ranging discussion with Asia Energy Editor, Sambit Mohanty, three senior market experts at S&P Global Commodity Insights -- Kang Wu, Head of Global Demand and Asia Analytics, Herman Wang, Associate Editorial News Director for the Middle East and Europe, and Paul Sheldon, Chief Geopolitical Advisor -- share their insights on Russian flows, the future strategy of OPEC+ and other key issues that could potentially alter the oil supply landscape.  

Nigerian President Muhammadu Buhari is due to inaugurate the 650,000 b/d refinery on 22 May. But after many years of delays, and with the project running $11 billion over its original $9 billion production cost target, many traders are questioning whether the project is really ready. In this episode of the Platts Oil Markets podcast, S&P Global  Oil news reporter Charlie Mitchell and Gasoline editor Matthew Tracey-Cook join Joel Hanley to discuss what the market should expect from this colossal refinery that could change Nigeria’s fortunes. Further reading, by speaker Charlie Mitchel: Long-awaited Dangote refinery set to shake up WAF crude, products flows Related price assessments: Gasoline FOB NWE West Africa Cargo - AAKUV00 Crude Oil Cabinda FOB Angola vs Angola Dtd Strip - AAGXT00 Crude Oil Bonny Light FOB Nigeria London vs WAF Dtd Strip - AAGXL00

This year, the US, alongside G7 countries, placed a price cap on Russian-grade refined product at $100/b. This marked another set of sanctions designed to shrink Russia's influence on global oil markets. Following the Feb. 5 price cap, disruptions have been seen in both the clean tanker market and the Americas diesel market.  In this Oil Markets episode, S&P Global Commodity Insights' shipping, diesel, and Latin America refined products experts Eugenia Romero, Jordan Daniel and Maria Jimenez Moya sit down to discuss the current landscape and recent changes to these trade flows.  Related prices: Clean USGC-Brazil 38kt (TCAFQ00) ULSD USGC prompt pipeline (AATGY00) ULSD USGC export (AAXRV00)

As of May 2, 2023, Platts incorporated US WTI Midland crude oil into Platts Dated Brent and related benchmark assessments. This is the first-ever inclusion of a non-North Sea grade and is expected to boost the liquidity of the world’s most important physical crude oil leading benchmark assessment. In this episode of the Platts Oil Markets podcast, S&P Global Commodity Insights crude oil managers John Morley and Emma Kettley discuss with Joel Hanley the scope of the change and the implications of this momentous development.   Learn more: Methodology and Specifications Guide, Europe and Africa Crude Oil FAQ: Platts WTI Midland’s inclusion into the Brent complex Infographic: Brent benchmark gets major boost from US crude Contact us: platts_oil_feedback@spglobal.com

One of the largest crude importers globally, China had seen demand plummet amid the pandemic, although it has been showing signs of recovery – with better-than-expected economic growth and record-high production in Q1 2023. S&P Global Commodity Insights Asia Oil Editor Neo Rong Wei discussed with Analyst Oceana Zhou and Asia Oil News Managing Editor Philip Vahn the outlook for oil in the region. On this episode of the Oil Markets podcast, we dive into what China’s economic recovery means for the markets, and how Asia’s outlook on oil may change amid a regional economic downturn.  Related Platts price assessments:  AAYEE00 - FOB Singapore 92 RON Gasoline crack spread vs M2 Dubai Swap  AAHCF00 - FOB Singapore gasoil crack spread vs Dubai swap  AAHCM00 - FOB Singapore Jet fuel/Kerosens crack spread vs M2 Dubai Swap   

Italy’s Eni has been one of the most successful drillers in Mexico. One of many E&P companies active in Mexico’s upstream auctions following the country’s 2013-2014 liberalization, Eni was the first independent to produce in Mexican waters in 2019. Most recently, Eni announced a 200 million boe discovery at the Yatzil well in the Salina sub-basin, and has just been given approval to drill another offshore exploration well.  Jeff Mower, director of Americas oil news, and Sheky Espejo, Mexico energy correspondent, discuss what Eni’s success means for Mexico’s struggling oil output. Register for the Middle East Petroleum & Gas conference here

The debate over the use of alternative currencies in global oil trade has intensified over the past one year following the Russia-Ukraine conflict, which has not only dramatically reshaped oil flows but also altered energy relations between producers and consumers. But there are questions as to how quickly the global trading community can embrace alternative currencies while balancing the risks associated with moving away from the US dollar. In a wide-ranging discussion with Asia Energy Editor Sambit Mohanty, renowned commodities investor and chairman of Beeland Interests Inc. Jim Rogers, and two senior leaders at S&P Global Commodity Insights - Dave Ernsberger, Global Head of Market Reporting and Trading Solutions, and Chief Energy Strategist Atul Arya - share their views on the challenges and opportunities ahead as debate on the subject intensifies.

Increased volatility, rising prices and strained geopolitical relations. These are some of the side-effects of the latest OPEC+ production cut.  Meanwhile, Platts Market on Close crude assessments fully reflect traders' sharp reaction to the surprise move amid uncertainty in various oil grades. In this episode of the Platts Oil Markets podcast, S&P Global Commodity Insights editors Rosemary Griffin, Sam Angell and Luke Stuart join Joel Hanley to discuss the immediate impact of the OPEC+ announcement, the decision by Russian sellers to change the way they price barrels, and potential threats to an already fragile global oil supply. Join us at MPGC 2023!  The 30th Annual Middle East Petroleum & Gas conference (MPGC) will be brought to you by S&P Global Commodity Insights, along with the host, Emirates National Oil Company (ENOC) on 22-23 May 2023 in Dubai, UAE. Registrations are open! Related Platts price assessments: PCAAS00 - Dated Brent PCAAT00 - Dubai Mo01 (NextGen MOC) Urals FOB Primorsk Urals FOB Novo Afra AAGZS00 - Urals FOB Novo SuezDWCUA00 - Urals DAP West Coast India AAEJD00 - Kirkuk FOB Ceyhan

US fuel oil stocks in the first quarter of 2023 reached their highest levels since April 2020. Traders have had to alleviate their oversupply by exporting, though high freight rates have made profits more difficult to find. In this Oil Markets episode, Americas fuel oil experts Beth Brown and Patrick Burns sit down with Americas shipping experts Catherine Rogers and Catherine Kellogg to discuss how traders have had to shift routes and export heavier material to find an open arbitrage.   Prices in this episode: PUAFZ00 (USGC HSFO) TDUCG00 (Dirty USG-UKC Aframax) 

In this episode of the Platts Oil Markets podcast, Francesco Di Salvo is joined by Gary Clark, Patrick McAllister and Matthew Tracey-Cook to explore the theme of evolving standards and specifications for transport fuels in the continent reflecting on the main takeaways of ARDA Week 2023.   Price assessments discussed in this episode: FOB ARA 0.1% gasoil barges: #AAYWT00 FOB AR 10ppm premium gasoline barges: #PGABM00

Energy stakeholders from around the world gathered in Houston this week for CERAWeek by S&P Global to talk about the biggest issues and current trends in the energy industry. On the oil front, speakers and panelists highlighted permitting timelines amid record-high export crude demand, while a shift in hedging practices was seen in light of recent volatility in crude prices.  In this Oil Markets podcast, Jeff Mower sits down with Dave Ernsberger and Binish Azhar to discuss these topics and others coming out of the conference. Register here for the World Petrochemical Conference, March 20-24

The year 2023 did not start as expected: China suddenly dropped all COVID restrictions, boosting sentiment in the global jet market, while diesel prices fell despite the ban on Russian oil product imports into the EU from 5 February. As a result, European jet fuel cracks jumped above diesel, but the spread narrowed by the end of February and the two products are now neck and neck, raising the question of which one will be maximised by refiners, thus tightening the supply of the other in the coming months. In this episode of the Platts Oil Markets Podcast, S&P Global Commodity Insights experts Maxim Kotenev and Gary Clark join Francesco Di Salvo to discuss the outlook for the jet fuel market, its potential impact on other middle distillates and whether a recession is likely to prevent aviation from fully recovering from the pandemic.   Related price symbols: Diesel: CIF ARA 10ppm ULSD cargoes #AAVBG00 Jet fuel: CIF NWE jet fuel cargoes #PJAAU00

With the European Union's ban on Russian oil products coming into effect, the spotlight is now on Asia as the market tries to find answers to the extent to which the region can absorb Russian products displaced from Europe and how Asian refiners can take advantage of the product vacuum in other regions of Europe. In a wide-ranging discussion with Asia Energy Editor Sambit Mohanty, S&P Global Commodity Insights senior experts Jonathan Nonis, Wendy Cheong and Zhuwei Wang discuss the outlook for potential changes in product flows, such as diesel, naphtha and LPG, that Asia could see, as well as the pricing, shipping and logistics challenges that could arise with long-distance product shipments.

In March, Europe is set to experience a record surge in WTI Midland crude flows from the US, as demand for American crude booms. In the latest Platts Oil Markets podcast we explore the key drivers behind this increase in demand and the push and pull factors fueling the growth in US crude exports to Europe. Join editorial director John Morley and editors David Lewis, Sam Angell, and Vinicius Maffei for valuable insights into the latest developments in the global oil market and the implications for the energy industry. Related price assessments: WTI Midland CIF Rotterdam vs Dated Brent: WMCRB00 Naphtha CIF NWE cargo M1 crack: AAECX00 Gasoline Eurobob 10ppm FOB ARA barge crack: ABWFL00

Oil and gas producers and service companies have been reporting their fourth-quarter earnings over the past few weeks. And, apart from the headline-grabbing record profits, we’ve seen some common themes and concerns emerge. While companies have generally been more optimistic as far as inflation and bottlenecks go, they also continue to express concerns about underinvestment. What does this mean for oil and gas production?  Jeff Mower, director of Americas oil news, is joined by senior oil editor Starr Spencer and natural gas editor Dylan Chase to discuss these issues and more. Subscribe to Platts Dimensions Pro for access to assessments and premium content covering Midland WTI (PCACJ00), Waha gas (IGBAD21) and much more.

What will replace Russian diesel and naphtha flows to Europe after EU sanctions take effect on 5 February? Where will Russian supply go instead? In this episode of the Platts Oil Markets Podcast, S&P Global Commodity Insights editors Rowan Staden-Coats and Vinicius Maffei join Joel Hanley to discuss the expected impact of the upcoming sanctions, what uncertainties remain about replacement supply and whether Russian production will have to be cut after 5 February, and what impact this could have on global supply and prices. Related price symbols: CIF ARA 10ppm ULSD cargoes #AAVBG00 CIF NEW naphtha cargoes #PAAAL00

The Russia-Ukraine war has dominated the attention of global commodity markets for nearly a year now. As the start date for the latest EU sanctions against Russian refined products approaches, questions about what these sanctions could mean for trade flows also grow. And while these questions often center on potential changes in US and European markets, the global impact of sanctions could also extend to other regions, such as Latin America. S&P Global Commodity Insights’ Americas oil experts Anna Trier, Jeff Mower and Maria Jimenez Moya dive into the impacts seen from the Dec. 5 sanctions against Russian seaborne crude, and what we could expect to see in US, Europe, and Latin America markets after the Feb. 5 sanctions go into effect. Register for the Platts London Energy Forum here

China has already hinted at its first batch of oil product export quota for 2023, which has left some market watchers nervous amid the current economic headwinds at the start of this year. In this episode, we look deeper at the implications of the oil product export quota from China, how it could impact the oil product supply-demand fundamentals in Asia, and what the rest of Asia can expect. S&P Global Commodity Insights' experts—Oceana Zhou and Su Yeen Cheong from the Platts editorial team and Wang Zhuwei Manager, Asia oil analytics. Related price symbols: PGAEY00 - Gasoline Unl 92 FOB Spore Cargo PJABF00 - Jet Kero FOB Spore Cargo AAOVC00 - Gasoil .001%S (10ppm) FOB Spore Cargo POABC00 - Gasoil FOB Spore Cargo PUADV00 - FO 180 CST 3.5%S FOB Spore Cargo PPXDK00 - FO 380 CST 3.5%S FOB Spore Cargo PAAAD00 - Naphtha C+F Japan Cargo $/mt (NextGen MOC)

Natural gas supply disruptions into Europe saw both LPG and gasoil heating fuels used as substitutes in 2022 with concern over preparations for winter amid a low stocks environment. However, a mild winter thus far has kept heating fuel markets weak, limiting switching between different fuels. In this episode of the Platts Oil Markets Podcast, S&P Global Commodity Insights editors Aly Blakeway, Patrick McAllister and Maxim Kotenev discuss with Gary Clark supply, demand and prices for European gasoil, LPG and kerosene for heating markets amid a mild winter, and ahead of sanctions on Russian oil product exports into the European Union from February 5. Price assessments on Platts Dimensions Pro: Platts Propane CIF NWE Large Cargo: #PMABA00 Platts Gasoil 0.1%S CIF NWE Cargo: #AAYWS00 Platts Jet CIF NWE Cargo: #PJAAU00

In this special episode of the Platts Oil Markets podcast, S&P Global Commodity Insights leaders Joel Hanley, Sambit Mohanty and Richard Swann round up the events of 2022. From the war in Ukraine to renewed Chinese lockdowns, the team looks at disrupted trade flows and the renewed challenges for supply and demand in a volatile world. Also check out: Platts Capitol Crude podcast

With the European Union ban on Russian seaborne crude imports and the price cap of $60 a barrel taking effect, the spotlight is now on China and India as the market tries to assess to what extent top Asian buyers can absorb the additional displaced barrels from Europe. In this podcast, Sambit Mohanty, Asia Energy Editor, discusses with Calvin Lee, Asia head of content, Alice Niu, China head of content and Pulkit Agarwal, India head of content, the implications of the $60/b price cap for Asian buyers, the impact of the decision of OPEC and its allies to keep their policy unchanged, and China's oil consumption outlook amid easing of pandemic-related restrictions. Related infographic: G7 price cap hangs over Russian oil flows Subscribe to Platts Dimensions Pro for access to assessments and premium content covering crude oil.  Click here to listen to the Capitol Crude podcast series. 

The development of Mexico’s upstream oil sector has slowed since President Lopez Obrador was elected in 2018, as Lopez Obrador halted the upstream auctions put in place by the liberalization process that started in 2013. However, several companies were able to get their foot in the door, and as a result production from the private sector is expected to edge higher in coming years. Sheky Espejo, S&P Global Commodity Insights’ Mexico energy correspondent, joins Jeff Mower, director of Americas oil news, to discuss this trend. Related assessments: AAYMP00 – Maya market parity price AAXWA00 – CIF Eastern Mexico gasoline

With longer-haul voyages and the ‘dark fleet’ growing, tight freight availability is pushing shipping rates to fresh highs. What does strong shipping market mean for the crude competing to replace Russian flows?S&P Global Commodity Insights reporters George Papageorgiou, Sam Angell, and George Delaney discuss with Joel Hanley the spike in rates and the effect on oil from the Mediterranean and Africa. Related stories: Soaring tanker freight depresses FOB differentials for Med, West African crudes FEATURE: Growing maritime risks as shadow tanker fleet expands to cover Russian trades Related price assessments: AAGXN00 - Qua Iboe FOB Nigeria vs WAF Dtd Strip AAGXJ00 - Urals Rotterdam vs Med Dtd Strip TDACS00 - West Africa-UKC 260kt $/mt TDACR00 - West Africa-UKC 130kt $/mt TDABL00 - Ceyhan-Med 80kt $/mt

The tug-of-war between Asia and Europe for sourcing oil is set to intensify as the European Union's ban on Russian seaborne crude inches closer. From Middle East to Africa, suppliers are already feeling the pressure of how to split supplies between different regions. In a wide-ranging discussion with Asia Energy Editor, Sambit Mohanty, S&P Global Commodity Insights' experts--Andy Critchlow, Head of News for Europe, Middle East and Africa, Paul Sheldon, Chief Geopolitical Advisor, and Kang Wu, Head of Global Oil Demand and Asia Analytics--share their insights on some of the biggest challenges the market may face after sanctions are imposed, the strategy of OPEC+ and the hurdles in making the G7 price cap work.  Subscribe to Platts Dimensions Pro for access to assessments and premium content covering crude oil.  Related content: Energy Security Sentinel

In this episode of the Platts Oil Markets podcast, S&P Global Commodity Insights editors Robert Perkins, Virginie Malicier and David Lewis discuss with John Morley what has already changed in the oil markets since February 24 and the expected impact of upcoming sanctions, from the ban on exports of Russian crude oil to Europe and the US for any loading after December 5, to the ban on exports of oil products into Europe from Feb. 5 and the shipping insurance ban from December as well. Related price assessments: Non-Russian diesel: CIF ARA 10ppm ULSD cargoes #AAVBG00 Diesel including Russian origin: CIF ARA 10ppm ULSD “all origins” cargoes #ALORA00 Dated Brent: #PCAAS00 Russian crude oil: Urals CIF NWE #AAGXJ00 New assessment of Kazakh origin Urals (started on Nov. 1): CIF Med KEBCO #KBCOA00

The US Gulf Coast crude market is exporting record volumes while also seeing sky-high freight rates. This dynamic has been playing out consistently for the past few months, but how are these exports continuing to move in such great volumes despite this major headwind? In this episode of the Platts Oil Markets Podcast, S&P Global Commodity Insights crude and shipping experts Laura Huchzermeyer, Kristian Tialios and Catherine Kellogg discuss the factors that are contributing to these high freight rates and how they are impacting US Gulf Coast exports. Subscribe to Platts Dimensions Pro for access to assessments and premium content covering Platts AGS (AGSAA00), 130kt Suezmax Brazil-UK Continent (ABRKB00), 270kt USGC-China (TDUCB00) and much more.

What role will oil play in mitigating Europe's natural gas problem this winter? With energy costs skyrocketing since the start of the Russian-Ukraine war, industries and households across the continent have been looking across the barrel for practical alternatives to natural gas. In this episode of the Platts Oil Markets Podcast, S&P Global Commodity Insights associate editors Aly Blakeway and Patrick McAllister explore with Francesco Di Salvo to what degree LPG and gasoil may be utilized in the short-term to replace natural gas. LPG: CIF ARA large propane cargoes PMABA00 LPG barges: FOB ARA propane barges PMAAS00 0.1% gasoil: FOB 0.1% gasoil barges AAYWT00 ULSD: FOB ARA 10ppm diesel barges AAJUS00

Oil product market sentiment in Asia has been volatile due to the larger-than-expected Q4 exports from China. The uncertainty saw the region’s best-performing product crack for the year -- ULSD --  falling by a record 30% in just two trading sessions in the first half of September. As trading sentiment slowly recovers, the Asian oil market has to adjust to the expected increase in oil products from China over the next few months amid gloomy macroeconomic scenario.   In a discussion, S&P Global Commodity Insights' experts Jonathan Nonis, Oceana Zhou, Su Yeen Cheong, and Zhuwei Wang talk about the impact of China’s Q4 oil products export this late in the year and what it means going forward. Subscribe to Platts Dimensions Pro for access to assessments and premium content covering Platts Gasoline Unl 92 FOB Spore Cargo (PGAEY00), Platts Gasoil FOB Spore Cargo (POABC00) and much more.

The gasoline and diesel markets in Northwest Europe have tightened as France seeks alternative sources of supply due to strike at five of the country’s six refineries. Though negotiations are ongoing at ExxonMobil and TotalEnergies, and strike action might stop soon, supply disruptions are expected to continue at least for a few weeks. In this bonus episode of the Platts Oil Markets Podcast, S&P Global Commodity Insights senior editors Virginie Malicier and Elza Turner discuss with Francesco Di Salvo why these social movements had such an impact on road fuel prices. This week's episode: It's been a perfect storm for Midwest gasoline supply Related price symbols: PCAAS00 - Dated Brent AAJUS00 - ULSD 10ppmS FOB ARA Barge ABXGT00 - ULSD 10ppm CIF NWE basis Le Havre Cargo Eur cents/liter AARIN00 - ICE LS Gasoil at London MOC Mo01 (NextGen MOC) AARIO00 - ICE LS Gasoil at London MOC Mo02 (NextGen MOC)

Though summer driving season is already in the rearview mirror, gasoline differentials in the US Midwest and West Coast apparently haven't gotten the memo. A flurry of planned and unplanned refinery outages in both regions have pressured already-tight supply dynamics as the rest of the world scrambles to secure gasoline supply. S&P Global Commodity Insights gasoline reporter Anna Trier speaks with Debnil Chowdhury, Americas Head of Refining and Marketing at SPGCI, about how refinery issues catapulted Chicago gasoline differentials to all-time highs and what relief, if any, is on the horizon for Midwest production.

S&P Global Commodity Insights senior leaders Richard Swann and Dave Ernsberger discuss with Joel Hanley the issues highlighted by Singapore’s APPEC event, the first fully in-person edition of Asia’s leading oil forum in two years. Topics for under discussion included energy security, OPEC+ cuts, the price cap on Russian oil, Chinese quotas, and more, showing once again how this important event helps shape the energy conversation. Related price assessment: Dated Brent: PCAAS00

The strength seen across European and African crude oil markets in the spring and summer has largely been eroded as focus shifts to the potential demand reduction caused by economic slowdowns. There are some potential headwinds on the horizon that could shift this more bearish picture however, with multiple supply disruptions hitting the North Sea, Mediterranean, and West Africa. In this episode of the Platts Oil Markets Podcast, S&P Global Commodity Insights editors David Lewis and Sam Angell join John Morley to discuss the latest news shaping European crude markets. Price assessments discussed in this episode: Dated Brent outright price (PCAAS00) CPC Blend vs forward Dated Brent (AAHPL00) WAF Index vs forward Dated Brent (AWAFB00)

  The path to recovery for Asian oil demand has not been free of challenges. With a worse than expected consumption outlook in China due to pandemic-induced lockdowns, markets are looking for answers on whether gains in Asia, excluding China, will be strong enough to offset the bearish consumption outlook in the region's biggest oil consumer. In a wide-ranging discussion ahead of APPEC 2022, S&P Global Commodity Insights' experts--Dave Ernsberger, Head of Market Reporting and Trading Solutions, Rosemary Griffin, Russia Managing Editor and Zhuwei Wang, Asian Oil Analytics Manager-- discuss with Sambit Mohanty, Asia Energy Editor, the possibility of Asian oil demand returning to pre-pandemic levels in 2022, the outlook for Russian oil flows to the region, and the energy security versus energy sustainability debate. Subscribe to Platts Dimensions Pro for access to assessments and premium content covering Platts Gasoline Unl 92 FOB Spore Cargo (PGAEY00), Platts Gasoil FOB Spore Cargo (POABC00) and much more.

With the energy crisis looming over Europe, many industries fear they will have to reduce production, including petrochemical crackers. These consumers of feedstocks such as naphtha and LPG are sensitive not only to high natural gas prices but also to a lower demand outlook for plastic goods amid economic downturn and inflationary pressures. In this Oil Markets episode, S&P Global Commodity Insights editors Vinicius Maffei and Aly Blakeway explore with Francesco Di Salvo the impact of these pressures on European naphtha and LPG markets. Subscribe to Platts Dimensions Pro for access to assessments and premium content covering naphtha (PAAAL00), LPG (PMABA00), and much more.

Record-low stock levels in US diesel markets could signal problems for the highly liquid product. Dry weather has dampened crop projections, and long-term backwardation has stifled diesel storage and movement between regions in the US. Associate refined products director Matthew Kohlman and diesel pricing specialist Wendy Dulaney discuss seasonal trends in ULSD as fall approaches.

EU sanctions on Russian fuel oil have dramatically altered supply flows for high sulfur material within Europe, and while there is some trading activity still in the Mediterranean basin, most Russian fuel oil is heading to Singapore and elsewhere in the East. While weaker demand has offset a lack of supply within Europe for now, market uncertainty remains high with the question of where Europe will get its imports from in the future open. In this episode of the Oil Markets Podcast, S&P Global Commodity Insights editors Mary Tiernan and Chloe Davies discuss with John Morley sanctions and market dynamics for high sulfur fuel oil and VGO in Europe.

China has been stepping up efforts to tighten supervision and standardize operations of its refining sector. It launched a series of investigations on refineries beginning April 2021. The latest round of inspections this month will focus mainly on tax issues, as small-scale private refiners often fail to fulfill their tax obligations in an attempt to stay competitive. In this podcast, S&P Global Commodity Insights' experts Philip Vahn, Asia oil market managing editor and Oceana Zhou and Daisy Xu, senior analysts covering China market discuss Beijing's latest tax investigation and its impact on independent refineries' future operations. Subscribe to Platts Dimensions Pro for access to assessments and premium content covering Platts Gasoline Unl 92 FOB Spore Cargo (PGAEY00), Platts Gasoil FOB Spore Cargo (POABC00) and much more.

Record low water levels are hindering the transportation of naphtha, LPG, gasoline blending components and diesel, amongst other commodities, along the Rhine into regions of Germany, France and Switzerland leading to critically low inland stocks and the release of strategic reserves for products already affected by the war in Ukraine and a rebound in transportation demand. In this episode of the Oil Markets Podcast, S&P Global Platts Global editors Eklavya Gupte, Virginie Malicier and Vinicius Maffei discuss with Gary Clark the market implications of strained supply chains for clean oil products for Europe. Price symbols on clean oil products discussed in this episode: Naphtha FOB ARA barges - PAAAM00 Gasoline Eurobob FOB ARA barges - AAQZV00 Diesel 10ppm FOB ARA barges - AAJUS00

Even after US gasoline prices reached historic highs during the coronavirus pandemic, they somehow found more room to rise in 2022 after Russia invaded Ukraine. Strong demand and a lack of imports into the US Atlantic Coast resulted in unprecedented interest to ship barrels on Colonial Pipeline. The only problem? It wasn't enough. Light ends manager Andrea Salazar and US gasoline reporters Anna Trier and Jordan Daniel discuss how gasoline prices have fared in this tight market and whether prices are seeing any relief. Subscribe to Platts Dimensions Pro for access to assessments and premium content covering Gulf Coast CBOB (AARQU00), New York Harbor barge RBOB (AAMGV00), and much more.

The days of vaccine certificates and COVID-19 tests for travel are long gone for most, and yet jet fuel demand doesn’t seem to have fully recovered from the pandemic. S&P Global Commodity Insights reporters Virginie Malicier and Maxim Kotenev tell Francesco Di Salvo how record-high physical premiums have led to a flurry of eastern cargoes sailing to Europe, and how short-staffed airlines and airports have had to cap passenger capacity growth despite ample pent-up travel appetite. Check our Jet CIF NWE Cargo assessment (PJAAU00) on Platts Dimensions Pro: https://platform.platts.spglobal.com/web/client?auth=inherit&ignoreIDMContext=1#platts/priceprofile?symbol=PJAAU00

Based on early consumption trends in Asia, market participants believe that the second half of 2022 may turn out to be one of the strongest six-month periods of oil demand growth seen over the past three years. That said, some pockets in China are still facing lockdowns due to the COVID-19 pandemic and high oil prices are threatening to pull down demand in other consuming nations. In this podcast, S&P Global Commodity Insights' experts Calvin Lee, Asia head of content, and Kang Wu, head of global demand and Asia analytics discuss with Sambit Mohanty, Asia energy editor the potential top themes for Asian oil markets in the second half of 2022. Subscribe to Platts Dimensions Pro for access to assessments and premium content covering Platts Jet Kero FOB Spore Cargo (PJABF00), Platts Gasoline Unl 92 FOB Spore Cargo (PGAEY00), Platts Gasoil FOB Spore Cargo (POABC00) and much more.

In Europe, with a hot summer ongoing and a cold winter expected, re-establishing secure sources of energy in light of Russia’s war in Ukraine is a top priority. S&P Global Commodity Insights reporters Shivani Pandya and Sasha Foss speak with crude oil director Joel Hanley about plans to address the crunch in European natural gas supply, and how a return to oil-fired power generation is not as simple as some might suggest. Subscribe to Platts Dimensions Pro for access to assessments and premium content covering the front-month TTF natural gas benchmark (GTFTM01), European fuel oil (AAYWT00), and much more.

S&P Global Commodity Insights recently made the decision to reflect WTI Midland barrels in the daily Platts Dated Brent global crude benchmark. See the note here. Americas crude oil managing editor Laura Huchzermeyer speaks with Emma Kettley, global lead of the Brent complex, and Kristian Tialios, US Gulf Coast crude specialist, about what the market can expect from the inclusion of one of the top-produced US crude grades into the world’s most influential crude pricing benchmarks. Subscribe to Platts Dimensions Pro for access to assessments and premium content covering Dated Brent (PCAAS00), WTI Midland (AAYBA00), and much more.

Russia has long supplied European and US markets with fuel oil. In light of the war in Ukraine, where is this fuel going and how can the usual buyers make up the shortfall? S&P Global Commodity Insights reporters David Petutschnig and Chloe Davies discuss with Joel Hanley how the dynamics of high sulfur fuel oil and vacuum gasoil are changing fast. Access our special report Inside Fujairah: http://plts.co/ngU530snBMP

Demand for transportation fuels has been picking up in Asia, as higher vaccination rates and improved mobility push regional economies to open up to near pre-pandemic levels. Global oil supplies, however, are not keeping pace with this recovering demand. China's move to inject more fuel supplies into the Asian market by way of a supplementary second round of oil products export quotas in early June is unlikely to help improve regional demand-supply balances. Moreover, China's oil product exports in 2022 are likely to fall from 2021 levels as Beijing aims to minimize outflows to meet its net-zero target. Refining margins for clean transportation fuels like gasoil, jet/kerosene and gasoline skyrocketed to historical highs earlier this month. Even as cracks have inched lower since, expectations are these valuations will stay elevated in the foreseeable future. In this podcast, S&P Global Commodity Insights' Rajesh Nair, Su Yeen Cheong, Oceana Zhou and Zhuwei Wang shed light on the current situation and discuss the scenarios that are likely to play out in the Asian clean fuels markets in the near to medium term.

In this episode of the Oil Markets Podcast, senior editor Emma Kettley and associate editor David Lewis discuss with Paul Hickin the recent changes in crude flows and how Russian crude finds its way in new markets. Our experts explain the changing trade patterns in Europe where participants shun Russian barrels, which surprisingly didn’t prevent Urals exports to reach three-year highs in May. Tell us more about your podcast preferences so we can keep improving our shows. Take our two-minute survey here: https://bit.ly/plattspod22

In this episode of the Oil Markets Podcast, light ends pricing editors Sarah Hernandez and Jordan Daniel and Americas clean products manager Matthew Kohlman discuss the record-high gasoline prices that are impacting drivers across the US. They discuss historically low inventories, how a shortage of octanes is driving up prices for premium grades, what the outlook is for gasoline demand, and prices through the rest of the summer. This Oil Markets podcast was produced by Jennifer Pedrick in Houston.

In this episode of the Oil Markets Podcast, associate editors Stepan Lavrouk, Lawrence Toye and Kelly Norways discuss with John Morley the impact of the Russia-Ukraine conflict on the fuel oil and bunker markets. Our experts explore the tightness in the VLSFO market and the way refineries and buyers are adapting to the new market fundamentals, where many companies avoid Russian product while others benefit from discounted prices. Tell us more about your podcast preferences so we can keep improving our shows. Take our two-minute survey here: https://bit.ly/plattspod22

Asian gasoil and gasoline cracks have surged in May, amid the war between Russia and Ukraine that started in late February. Asian refineries are looking to raise run rates or delay their planned maintenance this spring to meet the demand. In this podcast, S&P Global Commodity Insights' experts—Jonathan Nonis, Reetika Porwal and Joshua Ong from the Platts pricing team and JY Lim, advisor for Asia-Pacific oil markets -- discuss the contributing factors and the future trajectory of the markets.  

The recent round of Q1 earnings calls for US refiners and upstream producers were almost unanimously upbeat. Crude prices of $100+/b oil and unusually high natural gas prices, coupled with changing oil flows from the war in Ukraine, have sparked buoyant US diesel demand while the need for energy security has led to a climbing rig count in both the domestic shale patch and more offshore projects. Americas oil news director Jeff Mower sits down with senior downstream editor Janet McGurty and senior upstream editor Starr Spencer to discuss recent trends and future outlooks for US producers and refiners. This Oil Markets podcast was produced by Jennifer Pedrick in Houston.

In the background of the pandemic, IMO 2020 was reshaping the landscape of traditional marine fuels. Now, more than two years since the pandemic began, the US Gulf Coast 0.5%S market has established new standards for supplying this fuel. It came with unique blending challenges. The USGC HSFO market has also taken on a new life as a secondary option as a marine fuel. In this Oil Markets podcast, S&P Global Commodity Insights' Beth Brown and Patrick Burns discuss the recent decision to eliminate hand blends from trades reported in the Platts Market on Close assessment process in the US and how trading in these markets has evolved. This Oil Markets podcast was produced by Jennifer Pedrick in Houston.

From the maximization of middle distillates yields by refiners to the impact of Chinese lockdowns on the Asia petrochemical sector, our editors explore the implication for European gasoline's blending margins. In this episode of the Oil Markets podcast, EMEA refined products associate editorial director Francesco Di Salvo speaks with gasoline editor Lucy Brown and naphtha editor Vinicius Maffei about the reasons for the record spread between gasoline and naphtha in Northwest Europe, a key measure of blending economics. This Oil Markets podcast was produced by Jennifer Pedrick in Houston.

The global fuel oil supply chain has in the recent past been impacted by tight product availability due to the war in Ukraine and the subsequent restrictions on Russian oil purchases.  The Asian fuel oil market, which accounts for roughly half of the global marine fuel demand, has been severely stretched too. One of the most harrowing incidents of fuel contamination in recent history at the world's largest bunkering hub Singapore has only exacerbated the tight supply situation. Not surprisingly then, the Asian fuel oil market participants have been closely monitoring the evolving demand-supply dynamic in China, a major producer-supplier of marine fuel. They are tracking not only the impact from oil demand loss, but also, how it may potentially sway the government's decision on the timing and quantum of the second round of fuel oil export quota. In this podcast, S&P Global Commodity Insights' Rajesh Nair, Atsuko Kawasaki and Zhuwei Wang discuss the various scenarios that are likely to play out and its impact on the Asian fuel oil market.

What exactly defines the origin of an oil product? How is self-sanctioning affecting Russian diesel and gasoil exports? And how is Russian-origin diesel being treated in the spot market? In this episode of the Oil Markets Podcast, Richard Swann, S&P Global Commodity Insights’ Director for clean refined products, discusses with Francesco Di Salvo, Associate Editorial Director for European refined products, the question of origin of diesel imported into Europe and the different approaches taken by oil majors and trading companies to handle Russian-origin oil products. Tell us more about your podcast preferences so we can keep improving our shows. Take our two-minute survey here: https://bit.ly/plattspod22

In the ever-evolving crude market, the dearth of crude from Iran, Venezuela and, most recently, Russia, has led Asian refiners to buy up tight supplies of heavy Latin grades as a replacement. Buying interest for these grades from Mexico, Colombia and Ecuador has been reported in recent months, but availability is limited and a surge in supply from the US could send the market spinning yet again. Americas crude manager Laura Huchzermeyer leads the discussion with Maria Eugenia Garcia, senior editor for Latin American crude, Pankaj Rao, editor for Asian and Middle East crude markets, and Dania el Saadi, senior editor of Middle East News.

In this episode of the Oil Markets Podcast, S&P Global Commodity Insights editors Paul Hickin, Emma Kettley, and Sam Angell discuss with Joel Hanley the possible return of balance in the oil markets. The fear factor of the Ukrainian war has created high prices and volatility, but are they waning now that renewed supply is entering the market? Tell us more about your podcast preferences so we can keep improving our shows. Take our two-minute survey here: https://bit.ly/plattspod22

Asia’s sustained oil demand revival over the last few months may face a fresh setback following COVID-19 outbreaks in China and other countries in the region. While sharp pull back in consumption appears remote at this stage, markets are keenly watching if  Asia’s top oil consuming nations resort to more lockdowns to stem the spread of the pandemic. In this podcast,  S&P Global Commodity Insights' Sambit Mohanty, Jonathan Nonis and J.Y. Lim discuss the possibility of another round of oil products demand destruction, Asia's crude buying strategy amid fears of a demand slowdown, and the impact on trade flows. Tell us more about your podcast preferences so we can keep improving our shows. Take our two-minute survey here: https://bit.ly/plattspod22

As global oil markets continue to react in real time to the ongoing conflict in Europe, downstream sectors and interconnected industries are also beginning to see marked impacts on trade flows, fundamentals and most notably spot pricing. Long a key refining and import/export hub for the Western Hemisphere, the US Gulf Coast has seen swift reactions from logistics operations and energy majors as the region deals with a lack of Russian imports amid sanctions. Americas shipping manager Barbara Troner and dirty products manager Patrick Burns speak with clean tanker editor Eugenia Romero and US bunkers editor Phillipe Craig to break down how spot pricing for freight rates and marine fuels has reacted, and what those key segments can expect going forward.

Europe's high sulfur fuel oil requirements largely depend on exports from Russia. In this episode of the Oil Markets Podcast, S&P Global Commodity Insights reporters Stepan Lavrouk, Mary tiernan and David Petutschnig discuss with Joel Hanley the impact of the war in Ukraine on not just fuel oil, but also bunker fuel and vacuum gasoil. Tell us more about your podcast preferences so we can keep improving our shows. Take our two-minute survey here: https://bit.ly/plattspod22

Oil markets – and others – are seeing record prices and intense volatility as Russia’s invasion of its neighbor continues. S&P Global Commodity Insights reporters Rosemary Griffin, Elza Turner, and Rowan Staden-Coats discuss with Joel Hanley what the war in Ukraine means for prices, trade flows, and the refineries of Europe. Tell us more about your podcast preferences so we can keep improving our shows. Take our two-minute survey here: https://bit.ly/plattspod22

Russia’s invasion of Ukraine has stalled oil supplies to refiners in Asia as buyers remain wary of the fallout of the widespread sanctions imposed on Moscow. Though demand for oil and products continues to grow in the region, buyers are left grappling with stunted supplies and rising crude prices. In this podcast, S&P Global Commodity Insights’ Ada Taib, Pankaj Rao, Fred Wang and Vickey Du talk about the impact of the conflict on the Dubai pricing benchmark, Russian Far East crude differentials and the buying patterns of Asian refiners. They also delve into the surge in shipping freight costs and how the potential return of Iranian crude could impact oil supplies. Tell us more about your podcast preferences so we can keep improving our shows. Take our two-minute survey here: https://bit.ly/plattspod22

When the outbreak of the COVID-19 pandemic decimated global oil demand and pulled down prices to their lows in 2020, not many would have believed that just two years down the road, crude oil would be again climbing to $100 a barrel. In a wide-ranging discussion with Sambit Mohanty, Asia Energy Editor at S&P Global Platts, Jim Rogers, Chairman of Beeland Interests, Inc., Rosemary Griffin, Managing Editor for Russia at Platts, and Kang Wu, Head of Global Demand and Asia Analytics at Platts, share their insights on the resiliency of Asian oil demand recovery, the risk to prices and trade flows from Russia-Ukraine tensions, the potential return of Iranian oil, as well as the implications of surging oil prices on energy transition efforts. Tell us more about your podcast preferences so we can keep improving our shows. Take our two-minute survey here: https://bit.ly/plattspod22

Europe's sweet/sour crude price spread has widened on strong distillate demand and caution over Russian barrels. Platts reporters Emma Kettley and Iain Stevenson give an update on the soaring strength in light, sweet crude. Also, Jonty Rushforth and Joel Hanley discuss the Feb 14 launch of Platts proposed next steps for the Brent benchmark, like the inclusion of US WTI Midland crude. Subscriber note: Platts proposes to reflect WTI Midland in Dated Brent, Cash BFOE from June 2023, keeps Brent assessments on an FOB basis Tell us more about your podcast preferences so we can keep improving our shows. Take our two-minute survey here: https://bit.ly/plattspod22

While not always at the forefront of the market, low RVP, high octane blendstocks such as alkylate and reformate are necessary blending components which can drive price movements and influence supply and demand dynamics - particularly ahead of the summer specs transition. Shea McCord, Sarah Hernandez, and Anna Trier of the US Light Ends team sit down to discuss recent supply dynamics in the US octanes markets, and the impact those dynamics could have on building summer inventories and premium grades blending. Tell us more about your podcast preferences so we can keep improving our shows. Take our two-minute survey here: https://bit.ly/plattspod22

While diplomatic talks between the US and Russia continue, questions are raised about what consequences, if any, would new economic sanctions have on Russia’s ample exports of crude oil and diesel to Europe. In this episode of the Oil Markets Podcast, S&P Global Platts editors Rowan Staden-Coats and David Lewis discuss with Rosemary Griffin and Francesco Di Salvo the state of play between Russia and the West and how big of a supply shock could sanctions cause to the international oil markets.

There is growing optimism that 2022 will turn out to be the strongest year for Asian oil demand since the outbreak of COVID-19 more than two years ago. With consumption patterns looking increasingly resilient in top consumers China and India, demand may finally be on a sustained upward trend after a long period of uneven growth. But the market will be looking for answers to some key questions. Will Asia’s oil demand in 2022 rise above 2019 level despite the emergence of omicron? Can high oil prices create hurdles for demand recovery? And finally, what's in store for oil as Asia speeds up efforts to embrace the energy transition process? In a wide-ranging discussion with S&P Global Platts Asia Energy Editor Sambit Mohanty, Global Head of Oil Markets Vera Blei and Asia Head of Content Calvin Lee share their insights on some of the top themes for Asian oil markets in 2022.

Despite falling passenger numbers, airlines are facing soaring fuel bills. S&P Global Platts reporters Virginie Malicier and Lawrence Toye discuss with Joel Hanley what’s behind the supply/demand imbalance that’s pushing jet fuel prices to fresh highs.

Looking ahead into 2022, US crude oil export flows will continue to recover and grow as demand and prices surge, but will we see export volumes return to the record levels we were seeing a couple of years ago? S&P Global Platts US crude managing editor Laura Huchzermeyer, US Gulf Coast crude reporter Kristian Tialios, and Platts Analytics' North American oil analyst Lisa Orme discuss market trends impacting the waterborne crude oil market on the US Gulf Coast, along with the forecast for volumes in 2022.

As the world has slowly emerged from a lockdown-ridden 2020, the oil markets have had to adjust. Platts reporters from around the world discuss the fundamental highlights of the year, and take a look at what 2022 might bring. Based in Asia, the Americas, and Europe respectively, Sambit Mohanty, Richard Swann, and Joel Hanley bring insight from their regions and look at the big issues driving markets today and tomorrow.

Sustainable aviation fuel is gaining popularity among renewable fuel manufacturers. The SAF market is poised for rapid growth in the coming years as global and regional emissions programs look to decarbonize the carbon-intensive aviation sector. SAF is becoming an important initiative in many renewable diesel projects, in part of manufacturers' efforts to gain policy support, like the tax credit in the Biden administration’s Build Back Better Act. However, the market faces additional hurdles like competition for feedstocks and high production costs. Senior oil writer Janet McGurty and Americas biofuels manager Josh Pedrick talk through the emerging trends in SAF and some of the challenges facing the market.

Oil markets crashed on the emergence of the omicron variant of COVID-19, leaving market jitters and increased volatility. S&P Global Platts reporters Nick Baldwin and Virginie Malicier discuss with Joel Hanley the reaction and prospects in crude oil and jet fuel, two of the most pandemic-sensitive markets in the oil world.

The Asian jet fuel market is finally witnessing renewed interest after COVID-19 unleashed an unprecedented crisis in the aviation industry. Heightened vaccination rates in many Asian countries, relaxation of zero-COVID tolerance policies by many countries, and the introduction of vaccinated travel lanes by various nations has boosted jet fuel prospects. The optimism around air travel bodes well for jet fuel demand and prices. Yet, the threat of the pandemic still lingers. With aviation's environmental impact also in focus, many Asian airlines are forging ahead with the use of sustainable aviation fuel. In a discussion with S&P Global Platts Senior Editor for Petroleum News Surabhi Sahu, Head of global demand and Asia analytics Dr Kang Wu and Associate Editor Oil markets Amy Tan share their insights into what the future holds for the jet fuel market and the feasibility of the widespread adoption of sustainable aviation fuels.

The strong backwardation in diesel and gasoline forward pricing is reflective of a tight fundamental picture for road fuels in Europe as demand steadily rises and refineries grapple with high crude feedstock and running costs as natural gas prices soar, curtailing supply. Amid this market tightness, inventories continue to draw as the opportunity cost of storage rises, reducing supply buffers. At the same time, refiner hedging is exacerbating the strength in calendar time spreads. In this episode of the Oil Markets Podcast, S&P Global Platts Global editors Rowan Staden-Coats and Lucy Brown discuss with Joel Hanley backwardation and what it means for road fuel markets in Europe.

Demand to ship gasoline on Colonial Pipeline has outpaced available space since October, a first in 19 months. The Atlantic Coast has seen higher demand, and imports are low. The spread between offline gasoline prices at the end of Line 1 in Greensboro, North Carolina, and prices at the origin in Houston, Texas, have reached their widest seasonal level in the last three years. In the meantime, Gulf Coast shippers are paying a premium to ship their barrels as soon as possible. In this episode of the Oil Markets Podcast, S&P Global Platts gasoline editors Anna Trier and Sarah Hernandez discuss why this is happening and what the impact is on gasoline prices in the Gulf and Atlantic Coast regions.

The continued strength in the Brent complex as a whole, demonstrated by the Dated Brent benchmark breaching the $85/b threshold in late October, masks the differing supply and demand dynamics for both sweet and sour grades in Europe, arguably low global stock levels, selective refinery demand and declining official selling prices or OSPs by National Oil Companies. With OPEC+ set to meet on Nov. 4, how will these producers react to a mixed physical picture amid diplomatic pressure to pump more? In this episode of the Oil Markets Podcast, S&P Global Platts Global Brent lead Emma Kettley and Head of Oil News in London Paul Hickin discuss with Joel Hanley the most recent trends in the North Sea crude complex and its effect on important regional crude spreads ahead of the key OPEC+ meeting.

In a shift of strategy to battle surging oil prices, Asia's leading oil consumers India and China have started selling crude oil from their strategic reserves for the first time ever, a sign that import-dependent countries in the region are opening up to the idea of using oil reserves not only at times of geopolitical uncertainty and supply risk, but also as a cushion to ward off financial risk.   Beijing held its first state auctions in September, while Indian Strategic Petroleum Reserves has also started selling crude oil to state refiners.   In a wide-ranging discussion with S&P Global Platts Asia Energy Editor Sambit Mohanty, Asia Head of Content  Calvin Lee, and Platts Analytics Chief Geopolitical Advisor Paul Sheldon share their insights on how Asian oil importers are working towards balancing rewards with risk, as well as the implications of those decisions on global oil markets.

High natural gas prices are leading to both a tighter European supply of middle distillates and greater global gasoil demand, while the diesel cargo market was supported by higher demand into Germany and an open arbitrage to the US. In the meantime, jet fuel demand is slowly recovering, the paper market is flying amid bullish market sentiment with aviation fuel consumption expected to pick up from November when the US lifts its travel ban. In this episode of the Oil Markets Podcast, S&P Global Platts associate editors Virginie Malicier and Gary Clark discuss with Francesco Di Salvo the most recent trends in European diesel, heating and jet fuel markets.

Car tanks may be running empty in the UK after panic buying at the pumps amid a lack of lorry drivers to bring supply from refineries and oil terminals to the retail stations, but what impact if any does this have on the broader gasoline and diesel markets? And what are the consequences of the replacement of E5 gasoline pumps by E10 pumps in the country? In this episode of the Oil Markets Podcast, S&P Global Platts associate editors Rowan Staden-Coats and Joseph McDonnell discuss with Joel Hanley the most recent trends in the overall well-supplied UK gasoline and diesel markets.

The dramatic revival of oil and gas prices, the future of fossil fuels in a changing energy landscape, and the role energy will play in the recovery path from the pandemic were some of the main themes at the 37th Asia Pacific Petroleum Conference -- or APPEC 2021 -- organized by S&P Global Platts. In a wide-ranging discussion with Asia Energy Editor Sambit Mohanty, Global Head of Pricing and Market Insight Dave Ernsberger and Head of Global Demand and Asia Analytics Dr. Kang Wu share their views on the changing narrative for the oil market, the impact of energy transition on Asia's energy basket, the future of refining, and the road to demand and price recovery. Access our latest special report: Igniting the spark of energy transition

Just as the summer finally comes to an end and mornings become chilly, we would be expecting demand for heating oil to ramp up in Europe, as no boom has been reported yet. Furthermore, new environmental regulation will be applied in many European countries in 2022, which could lead to some changes in buying patterns. In this episode of the Oil Markets Podcast, S&P Global Platts associate editor Lawrence Toye and senior editor Virginie Malicier discuss with Gary Clark how higher flat prices and upcoming tax change are impacting current demand for 50ppm, 0.1% gasoil and kerosene. In this episode of the Oil Markets Podcast, S&P Global associate editor Lawrence Toye and senior editor Virginie Malicier discuss with Gary Clark how higher flat prices and upcoming tax change are impacting current demand for 50ppm, 0.1% gasoil and kerosene.

The IEA may have revised down their oil demand estimates for the third quarter of this year, but looking further ahead both OPEC and IEA expect demand to bounce back despite fear of potential new lockdowns and new variants. As for Brent crude, the current pressure on prices could soon cease amid a strong improvement in refinery margins. In this episode of the Oil Markets Podcast, S&P Global senior editors Robert Perkins and Emma Kettley discuss with Eklavya Gupte what is currently holding back Brent prices and when is global oil demand expected to recover.

Scrubber's uptick in the marine sector amid a favorable Hi-5 spread along with demand for high sulfur fuel oil for power consumption in Asia is helping HSFO retain its sheen. In Singapore, the world's largest bunkering port, January-July HSFO sales jumped 33.7% on the year, while many other ports in Asia such as India and Sri Lanka are seeing a marked rise in HSFO inquiries. In the power sector, high global gas and LNG prices have incentivized switching of gas to oil, where applicable. S&P Global Platts’ Dr. Kang Wu, head of global demand and Asia Analytics, and Rajesh Nair, managing editor for Asia residual fuels, discuss high sulfur fuels oils and their evolving role in the market with Surabhi Sahu, senior editor for petroleum news.

It's been quite the week in energy markets, as Hurricane Ida hit the Louisiana coast, causing damage, power outages and destruction to the regular supply of oil and other projects in and around the region. The US Gulf Coast is built to deal with hurricanes like this, but each storm is unique, and what is impacted for how long disruptions persist factor into how the oil industry reacts. S&P Global Platts editors discuss storm damage, power outages and disruptions and how oil prices have reacted in the days following the storm.

Asia is witnessing signs of rising mobility, improving the demand outlook for transportation fuels. It has also raised hopes for a sustained oil products demand revival in the region after a long period of weak consumption growth.   S&P Global Platts Senior Asia Energy Editor Sambit Mohanty, Global Director for Oil Products Richard Swann, Associate Editorial Director for Refined Products Jonathan Nonis, and S&P Global Ratings Asia-Pacific Economist Vishrut Rana examine whether the resurgence of COVID-19 in Southeast and Northeast Asia and rising oil prices could act as hurdles and derail the fragile oil demand revival and economic recovery in the region.   Related event: APPEC 2021

All eyes are on supply in European diesel markets, where demand has remained relatively stable at almost back to pre-pandemic levels, but due to the spread of the Delta variant in Asia more cargoes are making their way to Europe and elsewhere. In both the diesel and gasoline Mediterranean markets, prices are strong due to good demand and some supply tightness, while the gasoline Europe to US arbitrage has been firmly open during the summer driving season. In this episode of the Oil Markets Podcast, S&P Global Platts diesel reporter Rowan Staden-Coats and gasoline reporter Joseph McDonnell discuss with Gary Clark the latest dynamics in the European road fuel markets and how they are being impacted by other regions of the world.

An alphabet soup of changes have impacted US light end markets in the last year, including changes in environmental rules that have readjusted the entire RBOB market. S&P Global Platts editors Sarah Hernandez and Matt Kohlman look at the forces shaping the market.

On July 29, the oil product tanker Mercer Street was victim of a deadly drone attack, while a few days later another tanker, the Asphalt Princess, was reportedly hijacked. Both incidents are adding to heightened tensions in the Middle East, which remains a critical region for global oil supply. What impact are these incidents having on freight and oil markets at the time when COVID-19 is still weighing on global oil demand? In this episode of the Oil Markets Podcast, S&P Global Platts Senior Editor Eklavya Gupte and Associate Editorial Director of EMEA Clean Refined Products Francesco Di Salvo discuss the latest drama unfolding in the Middle East.

China, Asia's biggest oil consumer, saw its January to June crude oil imports post negative growth for the first time in eight years, pulled down by sharp falls in May and June inflows. But there are expectations that the commissioning of new refining capacity would create incremental demand for cargoes. In a wide-ranging discussion with S&P Global Platts Senior Asia Energy Editor, Sambit Mohanty, Platts Global Head of Oil Pricing Vera Blei and Platts Analytics Global Head of Oil Demand Kang Wu share their views on the key global and domestic factors - including OPEC+ decision to ease quota limits and the potential return of Iranian barrels - that could influence the outlook on China's imports in the second half of the year and  in 2022.

Cash differentials for jet fuel barges trading in ARA reached 17-month highs mid-July. At the same time, the European Commission announced sweeping proposals to make flying greener, including a future tax on jet fuel. How far is the jet market from a complete recovery from the COVID-19 pandemic and what will the EC’s “Fit for 55” plan mean for the aviation sector and the jet fuel market? In this episode of the Oil Markets Podcast, S&P Global Platts senior jet fuel editor Virginie Malicier and middle distillates editor Christopher Ewen discuss with Gary Clark the latest dynamics in the European jet fuel market and the potential impact of the EU Green Deal on future jet demand.

Against a backdrop of growing Coronavirus infections and OPEC+ discord, oil prices keep rising. How can long-haul crude cargoes stay competitive as backwardation in the forward curve widens and puts pressure on Asia-bound oil from West Africa and Europe? In this episode of the Oil Markets Podcast, S&P Global Platts reporters Emma Kettley and Nick Baldwin discuss with Joel Hanley why a stronger backwardation is boosting certain crude grades while hitting others.

It's been a tumultuous stretch for Canadian crude as the coronavirus pandemic and infrastructure uncertainty have impacted the market. However, prices have risen to a level that supports higher production and increased takeaway capacity may provide differentials some uplift. S&P Global Platts editor Patrick Harrington discusses Canada's crude prices, infrastructure and politics.

Gasoline prices are rallying on underlying demand strength in Europe, West Africa and across the Atlantic, while diesel prices remain steady amid stagnant demand and an abundance of supply as jet fuel continues to be blended into the middle distillates pool, despite slowly rising flight demand. In this episode of the S&P Global Platts Oil Markets Podcast, reporters Evridiki Dimitriadou, Rowan Staden-Coats and Christopher Ewen discuss with Francesco Di Salvo the latest trends on the vital transportation fuel markets.

In a fast-changing landscape where energy transition is the most popular catch phrase, the trading community is looking for answers on what’s in store for the oil market over the next decade. Ravinder Kumar Malhotra, Director General of the Federation of Indian Petroleum Industry, and Dave Ernsberger, Global Head of Pricing and Market Insight at S&P Global Platts, join Sambit Mohanty, Senior Asia Energy Editor at Platts, to exchange views on the potential growth of low-carbon oil flows and the influence of carbon pricing on oil markets. They also discuss the importance of sustained investment in oil projects in order to ensure plentiful supplies in the years to come.

While demand for tankers of clean and dirty oil products has yet to recover fully from the pandemic, prices of bunker fuels have been rising to 16-month highs, thus threatening the profitability of the shipping industry and making shipowners less willing to offer a certain number of loss-making routes. In this episode of the Oil Markets Podcast, S&P Global Platts reporters Britt Russell-Webster and Chris To discuss with Tamara Sleiman the reasons behind the bullishness in crude oil futures.

Gasoline imports into the US Atlantic Coast have surged to record highs in recent months. Andrea Salazar and Anna Trier of S&P Global Platts look at what has been driving the flurry of imports -- from the recent Colonial Pipeline cyberattack to a winter storm that impacted the Gulf Coast -- and how long that is expected to last.

While the pandemic is far from over and coronavirus cases are still rising in some Asian countries, the front-month Brent crude futures breached on June 1 the $70/barrel ceiling and extended the rise the next day. From OPEC’s optimistic demand forecasts to uncertainty over Iran’s production, caution seems to dominate the medium-term, and the longer-term role of energy transition may not be as bearish for prices as one might think. In this episode of the Oil Markets Podcast, S&P Global Platts reporters Nicholas Baldwin and Eklavya Gupte discuss with Joel Hanley the reasons behind the bullishness in crude oil futures.

China on May 14 announced that it will implement a consumption tax on mixed aromatics, light cycle oil and bitumen blend from June 12 in an effort to close a loophole in its tax system. This tax is expected to have repercussions not only in the domestic market, but also in the regional refined products market and crude markets.   Mixed aromatics and light cycle oil or LCO are used as blend stocks in gasoline and gasoil, and bitumen blend is used as a feedstock by independent refiners.   The tax is expected to alter domestic supply-demand balances, regional trade flows, and types of crudes imported into China.

While the May 7 outage of the Colonial Pipeline prompted fears of fuel shortages on the US Atlantic Coast, it also led to talk of extra gasoline and diesel moving from Europe. But with COVID restrictions easing on both sides of the Atlantic, there are longer-term drivers at play. In this episode of the Oil Markets Podcast, S&P Global Platts reporters Rowan Staden-Coats and Allen Reed discuss with Joel Hanley the latest trends on these vital road fuel markets.

Global crude prices have staged an impressive rally, recovering to pre-COVID levels. However, many US Gulf Coast crude differentials and regional spreads are yet to normalize, raising the question if the 2020 demand shock and ongoing infrastructure buildout will have a permanent impact on relative prices. S&P Global Platts Americas Crude Managing Editor Laura Huchzermeyer discusses recent price trends on the Gulf Coast and the Platts AGS waterborne crude assessment with Senior Pricing Specialist Kristian Tialios and Associate Director Matt Eversman.

While the European jet fuel market has yet to recover from the pandemic and continues to trade at low cash premiums, will demand for aviation fuel be boosted by the upcoming easing of travel restrictions within Europe and the potential resumption of non-essential trans-Atlantic flights? In this episode of the Oil Markets Podcast, S&P Global Platts reporters Virginie Malicier and Thomas Washington discuss with Gary Clark the latest news on the travel front and their expected consequences for the jet market.

The astronomical surge in India's COVID-19 cases to record highs has baffled policymakers and overwhelmed the country’s medical infrastructure. The current spread of infection has raised concerns that a crisis of unprecedented magnitude would take a toll on oil demand. S&P Global Platts Senior Asia Energy Editor Sambit Mohanty talks to Rajat Kapoor, Managing Director for Oil and Gas at AWR Lloyd, and Chris Midgley, Global Head of Analytics at Platts, to unpack the factors that are affecting India's oil demand growth, and the implications this would have on the global oil market as well as OPEC's production strategy.    

While the European gasoline market has been increasing strengthening versus its middle distillates counterpart, weighed down by COVID-19 restrictions in Europe, this has in turn led to a growing divergence between prices of low-sulfur and high-sulfur vacuum gasoil on the old continent. In this episode of the Oil Markets Podcast, S&P Global Platts reporters Stepan Lavrouk and Joseph Mcdonnell discuss with Joel Hanley how a lack of gasoline on the others side of the Atlantic impacts which VGO European refiners prefer to use.

Soybean futures continue to support RVO prices as the US market awaits a Supreme Court decision to determine the future of small refinery exemptions. European exports continue to head toward the East Coast on improved gasoline cracks and market optimism, pressuring New York Harbor prices lower. Gulf Coast prices have spiked to three-year highs as refineries stabilize operations.

While the grounding of the Ever Given in the Suez Canal has created countless memes, it has also reminded the world on the fragility of supply chains. In this episode of the Oil Markets Podcast, S&P Global Platts reporters Charlotte Bucchioni and Britt Russell-Webster discuss with Joel Hanley the impact of the blockage on freight and fuel markets, as well as the outlook as the queue slowly clears.

Major airlines in Asia have identified sustainable aviation fuel as having a potential to make a significant contribution to the global goal of reducing carbon emissions from commercial aviation. But the industry faces many challenges to overcome before SAF's potential can be realized. The impact of the coronavirus pandemic on the travel industry is on top of this list. S&P Global Platts oil experts Philip Vahn, Surabhi Sahu and Jing Zhi Ng are joined by senior analyst Alexander Yap to discuss Asia's cleaner aviation fuel initiative, Asia's overall jet fuel market fundamentals, and what's in store for the aviation industry post-pandemic. Learn more: S&P Global Platts Launches SAF and & HVO values in Asia Explore now: The Platts Atlas of Energy Transition, your map to the sustainable commodity markets of the future

The market for low sulfur fuel oils – 0.1% S and 0.5% S – has tightened on the refinery response to COVID-19, while as a result of IMO 2020, lackluster demand for 3.5% S is encouraging shippers to fit scrubbers which could flip fundamentals between the grades in the future. Meanwhile, a recent cold weather spell in Asia drew fuel oil supplies away from Europe, further adding to price volatility to those fuels at the bottom of the barrel. S&P Global Platts fuel oil specialists Stepan Lavrouk, Sarah-Jane Flaws and Britt Russel-Webster discuss the market with Joel Hanley.

Rising prices and a failed trucker strike last month have rocked the Brazilian diesel market this year. Petrobras, Brazil’s state-owned oil company, has raised fuel prices several times this year after pressure from independent importers, angering consumers and trucking unions. Petrobras' CEO was recently ousted by Brazilian President Jair Bolsonaro, all while Petrobras sells off eight of its 13 refineries. Explore now: The Platts Atlas of Energy Transition, your map to the sustainable commodity markets of the future

With oil prices reaching 13-month highs, surprising many market analysts, are these higher levels here to stay and how might they impact production levels of OPEC+ in the coming year? In this edition, S&P Global Platts Associate Editorial Director John Morley discusses the current crude fundamentals and expectations with Senior Editor Eklavya Gupte and North Sea Crude Editor Emma Kettley.

Middle Eastern crude producers are sending fewer cargoes to Asia, but refiners in the region are unfazed. S&P Global Platts Head of News for Asia Mriganka Jaipuriyar, Editor Mark Tan, and Adviser for Asia Oil Analytics JY Lim examine Asia's current refining landscape, the impact of the Myanmar coup on supply, and refiners' strategies to manage an unwanted buildup in stocks.   Related event: 8th Asian Refining Virtual Summit  

Bad weather on the US Gulf Coast and a rise in crude oil prices has added to volatility in the European naphtha paper market -- belying more balanced physical fundamentals -- while export demand for European gasoline has shot up. S&P Global Platts reporters Evridiki Dimitriadou and Joseph McDonnel discuss the market with Francesco Di Salvo.

For fuel oil markets, 2020 was a strange year, as the global pandemic overshadowed implementation of the landmark IMO 2020 regulation. With global demand slowly returning, these grades are back in focus. S&P Global Platts editors Beth Brown and Patrick Burns talk with Matt Eversman, associate director of crude and fuel oil markets, about fuel oil market trends as well as Platts’ consultation on certain operational guidelines in the Platts Market on Close assessment process for .5% marine fuel.

The price of aviation fuel dropped to record lows at the start of the coronavirus pandemic. In this podcast, Platts reporters Emma Thomas and Chris Ewen tell Joel Hanley of the fuel’s faltering steps back to a more normal market environment amid the ongoing threat of COVID-19.

The last few weeks saw temperatures in many parts of North Asia drop to record lows, and energy prices hit record highs. Platts JKM, the benchmark for Asian spot LNG prices, surged to $32.50/MMBtu, the highest since it was launched in early 2009. LNG freight rates hit unprecedented levels of nearly $300,000/day, trucked LNG in China rose to around $28/MMBtu, Japan's spot electricity prices hit 220 Yen/kWh, and the Platts Northeast Asian Thermal coal price hit $80/mt. The ripple effect was felt across a variety of power generation fuels and across the whole region as supply chains were disrupted. Utilities found themselves having to shift back to fuels that have been becoming rather obsolete in the region's power mix. S&P Global Platts Senior Analyst Andre Lambine, Senior Editor Takeo Kumagai, and Managing Editor Rajesh Nair join Content Lead Eric Yep to delve deep in to the latest in Asia's oil and power sectors.

As most refined products struggle to find demand through the pandemic’s destruction, naphtha has found itself riding on a three-year high crack spread, supported by petrochemical demand. S&P Global Platts Associate Editorial Director Francesco Di Salvo discusses the unusual strength in naphtha prices with pricing reporters Evridiki Dimitriadou and Joe Mcdonnell, as well as the limitations for the feedstock following pressure from gasoline blending.

US NGLs have strengthened across the board early in 2021, with some of those gains tied to increases in West Texas Intermediate and others linked in robust demand from the petrochemical sector and other global markets. LPG editor MK Bower discusses what is driving pricing strength for propane and butane, how ethane is recovering from the demand destruction wrought during hurricane season, and why market participants are confounded by natural gasoline and its relative strength against crude.

As the major road freight fuel for Europe and beyond, how has diesel coped with the global pandemic and what are its prospects heading into the new year? Platts reporters Virginie Malicier and Rowan Staden-Coats discuss the diesel markets with Joel Hanley.

As 2020 finally draws to a close, Oil Markets Podcast hosts from around the world – Mriganka Jaipuriyar, Joel Hanley and Richard Swann – gather to discuss the year in detail, and try to chart a path to recovery in 2021.

It has been a big year for the US flagship crude, West Texas Intermediate, and in particular the way that grade is priced. Following significant growth of US crude exports before the pandemic and then the April 20 price collapse of the NYMEX WTI contract, S&P Global Platts launched its AGS assessment for waterborne cargoes of WTI Midland loading on the US Gulf Coast. Then just last week, Platts captured the global oil industry’s attention with its proposal to include WTI Midland in the Dated Brent global benchmark beginning in March 2022. In today's podcast we'll review how Platts AGS has performed since its launch in June amid challenging fundamentals for global oil markets.

With so much US crude now coming to Europe, Platts has announced a proposal to include US WTI Midland into the North Sea benchmark of Dated Brent. Jonty Rushforth and Joel Hanley discuss how this might work and what it means for the world’s leading oil benchmark.

The pandemic has pummeled Japan's oil demand and led to some dramatic drops in its crude imports and refinery runs. The onset of winter and subsequent rise in demand for heating oil has offset some of that collapse, but the road ahead continues to look uncertain, S&P Global Platts Asia oil market experts Takeo Kumagai, Daisuke Shibata and Mriganka Jaipuriyar discuss. While crude imports are expected to pick up in the near term, sustainability of that trend very much depends on the severity of COVID-19. What is looking certain however is that Japanese refiners will continue to import refined products as refining economics favor imports and run rates remain low. Full transcript: http://plts.co/rmqs30rmlb2 

Jet fuel took center stage at the recent International Air Transport Association Fuel Forum, as the industry grapples with the demand destruction due to air travel restrictions, but also paves the way for a clear decarbonisation agenda. Jet fuel and derivatives editors Emma Thomas and Christopher Ewen join Francesco Di Salvo to reflect on the key takeaways from the event and the impact on the markets for conventional and sustainable aviation fuels.

Diesel prices across the US soared last week, reaching multiyear highs in nearly every region. The aftermath of several hurricanes this year curtailed production, and perhaps shut some refineries for good. That, combined with strong agriculture demand, created a perfect storm for strong spot market prices.

As coronavirus cases rise sharply in Europe, many countries are entering into second lockdowns to curb the spread of the virus – but are the markets prepared for a potential second round of curtailed demand? S&P Global Platts reporters Chris Ewen, Kieran Hess and Sarah-Jane Flaws discuss with Joel Hanley the state of refined products and the challenges ahead for transportation fuels.

China's GDP grew by 4.9% the third quarter, putting the country's economy back on an expansionary track. China is one of the very few countries to register a positive growth amid the COVID-19 pandemic. Against this backdrop, S&P Global Platts Head of News in Asia Mriganka Jaipuriyar, senior oil writer Oceana Zhou, and Head of Global Demand and Asia Analytics Dr. Kang Wu examine China's prospects in a world that continues to face an immense oil demand destruction, forecasts of peak oil demand amid a decarbonization drive across the globe, and the implications the US elections might have on China's near to medium term growth. 

Despite demand for some refined products returning to pre-COVID levels, refinery margins in Europe have remained at all-time lows, leading to a bottleneck in the upstream market. S&P Global Platts editors Solomon Lanitis and Elza Turner discuss with Joel Hanley falling demand for crude oil in Europe, the building inventories of floating storage, and the health and prospects for the refinery sector.

For the first time, the African Refiners and Distributors Week was held virtually in the week commencing Oct. 5, discussing the challenges of the downstream sector in the region, but also the strong signs of resilience in the continent in the midst of the Coronavirus pandemic. Platts editors Eklavya Gupte, Joseph Mcdonnell and Virginie Malicier discuss with Francesco Di Salvo key takeaways from the conference as well as the latest views on oil fundamentals in the continent.

With global demand destruction and COVID-19 continuing to impact US production, the expected trajectory of US crude exports is vastly different than just a few months ago. Before the pandemic, S&P Global Platts Analytics expected US crude exports to end 2020 at a run rate of nearly 4 million b/d, rising past 6 million b/d by the mid-2020s, but with demand loss for now putting a cap on WTI at about $40/b, Analytics now expects exports to fall below 2 million b/d by mid-2021. S&P Global Platts editors Laura Huchzermeyer, Kristian Tialios and Matt Eversman look at the factors affecting US crude exports.

The COVID-19 pandemic continues to create interesting opportunities; one of the more surprising is seeing kerosene finding its way into marine fuel. Platts reporters Sarah-Jane Flaws and Gary Clark discuss with Joel Hanley how a once-premium product has mingled with shipping fuel.

Fresh from the recent Asia Pacific Petroleum Conference or Platts APPEC, Gawoon Phil Vahn and Surabhi Sahu join Mriganka Jaipuriyar to share key themes and insights discussed at the event, which brought together - virtually - the who's who in the oil industry.  This episode takes a deep dive into the impact of the current fragile demand environment on the region's refining industry, the strategies being deployed by major companies to fight against weak refining margins as the coronavirus pandemic continues to affect oil product demand, as well as the big push for energy transition and the pressure on the aviation industry to cut emissions. 

US Gulf Coast market players looking to get light naphtha barrels off their hands, a hungry Asian market and weakened freight is the perfect arbitrage recipe. But with shipowners reluctant to move their ships East, where the freight market is weak, the balance has been delicate. Sarah Raslan, US naphtha editor, and Marieke Alsguth, US clean tankers editor, chat with Americas Oil Markets Editorial Director Director Richard Swann to dissect the ingredients that have set the table for this arbitrage opportunity.

There is rising supply for European diesel and while demand is recovering it is still short of last year’s levels, the pronounced contango this is prompting comes when many clean tankers are choosing to stay in the region, meaning the stars are aligning for floating storage. Middle distillates expert Virginie Malicier and clean tanker specialist Chris To tell Joel Hanley the latest.

Russia’s slashing of crude output is well documented, but how are its internal markets coping with the impact of COVID-19? Joel Hanley asks Russia experts Elza Turner and Thomas Washington what the energy superpower can do to stem volatility at home.

Light sulfur fuel oil has been the main marine fuel of choice worldwide, but high sulfur fuel oil has held its stead in Asia. S&P Global Platts senior oil experts Surabhi Sahu and Oceana Zhou join Platts Asia Head of News Mriganka Jaipuriyar in examining the demand for HSFO particularly in Singapore, which is the world's largest bunkering port. They also discuss China's fuel demand and outlook, as well as the impact of the coronavirus pandemic on the Asian fuel oil markets.

COVID-19 may have caused demand for jet fuel to plummet but S&P Global Platts and the wider industry are looking to the future with a newly launched European sustainable aviation fuel assessment, as public scrutiny keeps emissions targets in sight. Middles distillates specialists Gary Clark, Christopher Ewen and Harry Morton tell Joel Hanley how this fits in with wider trends across the middle of the barrel.

As European road transport demand gradually recovers amid the coronavirus pandemic, the price of gasoline blending component ethanol has reached all-time highs on tight supply, rising road demand and strong industrial use. Unusually, the prices of other blending components are down in the doldrums. S&P Global Platts reporters Chrysa Glystra, Joseph McDonnell and Stergios Zacharakis tell Gary Clark the latest.

OPEC and its allies are loosening the reins around production cuts amid tentative signs of an oil demand recovery, which is likely to bring additional heavier sourer barrels back on to the market. Gillian Carr and Paul Hickin discuss with Joel Hanley how this could play out in the months ahead.

While the rest of the world is still on a relatively slow recovery phase, China's crude imports and throughput levels are hitting record highs. Its GDP has flipped back to positive territory with a 3.2% growth the second quarter, from a 6.9% decline in the first quarter. S&P Global Platts oil experts Oceana Zhou and Mark Tan talk about the facts behind these historical highs and the impact they could have on Asia's still fragile oil markets.

As Europe emerges from its COVID-19 lockdown, diesel demand is flickering back to life. But can the same be said for gasoil? S&P Global Platts reporters Virginie Malicier and Harry Morton discuss with Joel Hanley how European distillate markets have reacted to the Coronavirus pandemic, and the prospects for a swift recovery.

Storm clouds still lurk over the refining sector as a combination of firm heavy crude prices and limited upside to light product prices squeeze margins for simple and complex installations alike, even as a rapid demand recovery in some countries has taken markets by surprise. Refining expert Elza Turner tells Joel Hanley the latest.

The American crude benchmark NYMEX WTI went negative in April, an event that sparked global questions of ‘How?’ and ‘Why?’ Now, the US crude industry is looking to the future, with Platts American GulfCoast Select touted as an alternative yardstick against which crudes from Canada down to Argentina could be measured. Platts US crude market experts Matt Eversman and Laura Huchzermeyer speak with John-Laurent Tronche about the recent past, present and future of US crude pricing.

The closure for maintenance of the salt caverns at Lavera on the French Mediterranean coast poses some questions for the region’s LPG market, especially that of butane. LPG reporter Kieran Hess discusses with Joel Hanley how the Mediterranean market is responding to the closure in the midst of coronavirus and arbitrage links with other regions.

Asia's high volume of US crude imports in the first half 2020 could prove a false alarm for OPEC+ producers fretting over their shrinking share of the Asian demand pie following the coronavirus pandemic. S&P Global Platts oil editors Surabhi Sahu and Gawoon Philip Vahn discuss Asia's crude appetite for the second half of 2020 and how several refiners in the region planning their crude purchases for the months ahead as WTI increasingly proves much more expensive than Middle Eastern grades.

Turbulence in oil markets and shifting regulation has led to some surprising dynamics at the bottom of the barrel. Following S&P Global Platts’ European Bunker Fuel Virtual Conference, fuel oil reporters Sarah-Jane Flaws, James Goldburn and Britt Russell-Webster discuss how expectations have panned out for fuel oil and refinery feedstocks with Platts Associate Director EMEA Oil John Morley.

Rising driving demand has offered some support to the top of the barrel but, with expectations of higher demand also in evidence, higher inventories may take the shine off gasoline and naphtha recoveries, as arbitrage opportunities still look shaky. Light end reporters Joseph McDonnell and Evridiki Dimitriadou tell Francesco Di Salvo the latest.

Fuel demand across Northeast Asia plunged at the height of the coronavirus outbreak in the region over February and March. But the tide has since turned for the good in recent months. Manufacturing, construction and transportation activities are picking up fast in China with signs of the pandemic being largely contained in the country. S&P Global Platts oil specialists Philip Vahn, Oceana Zhou and Avantika Ramesh examine oil market indicators in China and the sources that are feeding the country's renewed thirst for crude.

There are some that say the aviation sector is on life-support but industry participants are already looking to signs of recovery, with no sign of ditching previously established environmental targets, jet fuel reporters Gary Clark and Ellie Valencia tell Francesco Di Salvo. Later in the program, Tamara Sleiman and Tom Washington discuss the outlook for bunker fuel in the latest IMO 2020 update.

Falling values for naphtha are stimulating margins for some petrochemical manufacturers, as COVID-19 sends people rushing to buy hand sanitizer and disposable plastics. Naphtha reporter Evridiki Dimitriadou and petrochemicals reporter Ora Lazic discuss the winners and losers at the top of the barrel and beyond with Joel Hanley.

In this special bonus episode of the S&P Global Platts Oil Markets podcast, Dave Ernsberger, head of pricing and market insight, discusses with Joel how commodity and energy benchmarks are faring amid the coronavirus outbreak, and Platts’ approach to dealing with recent market stress.

New fuel cell electric vehicle manufacturer Hyzon Motors has made rapid progress since forming in March, already signing an MOU with a UK partner to deliver 1,000 hydrogen fuelled buses. In this S&P Global Platts Commodities Focus podcast we talk to Hyzon's CTO, Ian Thompson, about the advantages and costs of FCEVs in buses and heavy-duty trucks compared with battery EVs, and opportunities for future growth.

The malaise in jet fuel and air traffic is grounding airmail and the outlook seems bleak for airlines as the contango in jet fuel stretches out ever further. Jet fuel reporter Gary Clark and Middle Distillates editorial manager Eleni Pittalis tell Joel Hanley the latest.

The European diesel markets are in turmoil: demand has crashed – taking prices with it – and storage is filling up fast. Could we see a repeat of negative oil prices as we have seen in the US crude markets? In this episode, Platts editor Virginie Malicier tells Joel Hanley how diesel markets are coping in the Covid-19 pandemic. We also hear from freight reporter Charlotte Bucchioni, who gives an update on soaring shipping rates, as charterers scramble for spare tonnage.

Oil products are succumbing to record breaking lows, with jet cracks entering record-breaking and negative territory, and refineries are presented with complex decisions as a result of COVID-19. Senior refining reporter Elza Turner and middle distillate specialist Gary Clark discuss with Joel Hanley product margins and the options before refiners.

COVID-19 has crushed crude prices and is now closing North Sea oil fields. S&P Global Platts reporters Nick Coleman and Emma Kettley share their views with Joel Hanley, explaining the key logistical dependencies, and the differing impacts on Dated Brent and ICE Brent futures. In fuel oil, Britt Russell-Webster gives an update on the Coronavirus’s role in changing bunker fundamentals, and how ship-owners might be reconsidering their scrubber options.

Nationwide lockdowns imposed by governments in the race to contain the spread of COVID-19 have in turn dampened economies and triggered severe demand destruction on refined oil products. In the latest S&P Global Platts Oil Markets podcast, our team of refined product specialists Ramthan Hussein, Mark Tan, and Wendy Cheong examine how containment measures are affecting demand for transport fuel gasoline and household fuel LPG in Asia, how prices have responded to the demand destruction, and what lies ahead, with the gradual return of Chinese industries.

With the OPEC+ agreement in tatters and COVID-19 destroying demand, the crude oil markets are in turmoil. Prices have fallen over 70% since October but is there any upside in the short term, and where can the glut go? Platts reporters Emma Kettley and Nicholas Baldwin tell Joel Hanley the latest on benchmark Dated Brent as well as the wider North Sea and West African crude oil markets.

COVID-19 has crushed demand and prices of jet fuel around the world. What can be done with all that extra jet fuel, and what are the prospects for airlines as they struggle to stay viable? S&P Global Platts reporters Gary Clark and Francesco Di Salvo discuss this challenging market with Joel Hanley.

In an extended Oil Markets podcast, we present a panel discussion on the energy transition and its impact on oil and gas companies, recorded at this year’s S&P Global Platts London Oil & Energy Forum. The past year has seen an explosion of environmental protest, yet hydrocarbons still account for around 80% of the global energy mix. Simon Thorne, global director of power and generating fuels content, Chris Midgley, global director of analytics, and Beth Burks, ESG associate director at S&P Global Ratings, join Joel Hanley to discuss how the sector is likely to evolve amid the shift towards a more sustainable future. For more on this subject, read our special report, Sustainability shift: Oil's future in the energy transition.

International Petroleum Week is supposed to be a week of business and parties, but what happens when a virus outbreak threatens more disruption than environmental protesters could ever have hoped for? S&P Global Platts Global Head of Oil, Vera Blei, and Dave Ernsberger, Head of Content, discuss their takeaways from a fascinating IP Week with Joel Hanley. In the IMO2020 podcast, Britt Russell-Webster and Sarah-Jane Flaws tell Tamara Sleiman of the fuel market impact of the carriage ban on high sulfur fuels.

S&P Global Platts refined oil products experts Atsuko Kawasaki, Amy Tan, and Rajesh Nair examine the rapidly changing fortunes of the Asian Marine Fuel 0.5% market, which has seen a fundamental shift since International Maritime Organization's mandate to limit sulfur in marine fuels to a maximum of 0.5% kicked off from the start of the year.

Growing environmental scrutiny upon the aviation sector is shining a light on its carbon footprint. Tune into jet fuel specialist Emma Thomas and biofuel specialist Huw Shortland as they discuss the latest developments with Platts carbon news lead Frank Watson. Later in the program, fuel oil reporters Sarah-Jane Flaws and James Goldburn discuss falling premiums for very low sulfur with Tamara Sleiman as IMO 2020 gets underway.

While oil refineries should be enjoying a relatively low crude oil price, the Covid-19 virus has hit demand in some regions. Can refiners use this time to overhaul their plants and make the most of the downturn? Elza Turner and Joel Hanley discuss the latest options for refiners and count the cost of the Coronavirus.

The 2019 Novel Coronavirus has been dominating the news agenda, with the World Health Organization, governments and OPEC scrambling to find a response. As China takes drastic action, what impact are the oil markets seeing? Giving their perspective on the West African crude oil and global jet fuel markets, S&P Global Platts reporters Nicholas Baldwin and Emma Thomas tell Joel Hanley the latest. Also, in the latest IMO 2020 special podcast, fuel reporter James Goldburn and petrochemicals specialist Lara Berton tell Tamara Sleiman how the new sulfur cap is affecting the feedstocks and propylene industries.

The start of the year sees new record premiums for Asia-Pacific crude with IMO 2020 kicking in, and amid fewer supply from Libya. But sentiment in the market could be weighed down by the coronavirus outbreak gripping commodity markets. S&P Global Platts Asia-Pacific crude oil market experts Jeslyn Lerh, Andrew Toh and Ada Taib examine the market.

As Russian President Vladimir Putin makes sweeping changes to his government, Platts Russia specialists Elza Turner and Rosemary Griffin tell Joel Hanley how these changes might affect the country’s oil production and involvement in the OPEC+ agreement (recorded earlier in the week). And in the latest update on IMO 2020, fuel reporters Rajesh Nair and Britt Russell-Webster discuss with Tamara Sleiman why bunker premiums are soaring in Asia against other parts of the world.

Price rises in the European naphtha market and growing tightness in propane are putting pressure on petrochemicals producers, who face trouble downstream from US producers sending product to Europe instead of China, as the US-China trade war remains unresolved. Platts reporters Salome Germain and Ora Lazic tell Francesco di Salvo the latest.

Pressure on availability of sour crude could be brewing amid tension in the Middle East, with the potential for US involvement in the area to result in sanctions on Iraqi exports. Platts reporters William Bland and Eklavya Gupte discuss with Joel Hanley where recent events in the region could take us in this podcast, recorded on Tuesday. Also, Seth Clare, Britt Russell-Webster and Tom Washington update Tamara Sleiman on how VLSFO and distillates are faring at the start of 2020.

With industrial action seen across many industries in France, Platts reporters Virginie Malicier and John-Laurent Tronche tell Joel Hanley of the impact on the country's refinery business and what it could mean for prices.

As the clamor for greener fuels grows ever louder, bunker players are already looking forward to the next big thing. Platts bunker reporters Jack Jordan and Tom Washington discuss with Joel Hanley the alternative fuels being eyed as replacements for oil. And in the latest IMO 2020 podcast, Tamara Sleiman talks to Britt Russell-Webster and Eleni Pittalis on the industry's final preparations ahead of the much talked about January 1 deadline.

In a rare move, Qatar Petroleum issued a tender this month that included a cargo of its Marine Crude grade. It was made even more unusual by the fact that the tender cargo was priced as a differential against Platts Dubai crude assessments. In this episode of S&P Global Platts Oil Markets podcast, editors Eesha Muneeb and Ada Taib examine how Qatar's move could potentially impact pricing of Middle Eastern crudes.

Surging popularity for 0.5% sulfur marine fuel is boosting the new fuel's cracks to twice that of refining mainstay gasoline, product reporters Tom Washington and Solomon Lanitis tell John Morley. Upstream, crude reporters Emma Kettley, William Bland and Amanda Flint update Tamara Sleiman about the widening sweet-sour crude spread.

Middle distillates have been drifting into the a softer patch on the back of frustrated expectations for IMO 2020. Amid this, arrivals of VLCCs carrying middle distillates have impacted European and African markets, middle distillates specialists Virginie Malicier and Gary Clark tell Francesco Di Salvo.

The cost of shipping refined products from Europe to West Africa has risen strongly in recent weeks, making shippers rethink their strategies. Platts reporters Chris To and Solomon Lanitis discuss with Joel Hanley how the rise in freight rates is leading to companies doing extra journeys to make...

Asian end-users faced a month of soaring crude oil prices in October after freight rates surged to record highs earlier this month. Editors Vickey Du and Avantika Ramesh look at how end-users have responded and which grades in particular have benefitted from the expensive freight.

Much is made of the new 0.5% sulfur standard in marine fuels come IMO 2020 but what of the well-established 3.5% fuel market? How are prices reacting to the upcoming changes in shipping standards? Platts reporters Tamara Sleiman and Britt Russell-Webster join Joel Hanley to discuss the short-term...

With Otto von Bismarck’s famous quote likely ringing in his ears, Saudi King Salman welcomed Russia’s President Putin this week. Oil, OPEC, and cooperation were high on the agenda, but will Putin’s visit to the Middle East prove more successful than the Saudi orchestra’s...

As trade tensions take their toll on the shipping sector, will sellers of crude oil have to slash differentials to offset the high cost of transport? And how can the owners of clean vessels capitalise on high rates? Platts reporters Emma Kettley and Chris To discuss the market with Joel Hanley in...

As the traditionally FOB-based Dated Brent benchmark starts incorporating CIF offers, S&P Global Platts senior director of price group Jonty Rushforth and EMEA crude managing editor Paula Vanlaningham discuss what this means for liquidity and the volume of information coming into the...

Saudi Arabia has said that its crude production capacity would be restored to 11 million b/d by end-September, and to the full 12 million b/d in November. Supply uncertainties, however, continue to grip the Asian market. As the impact of the attacks on Saudi Arabia's oil facilities become clearer,...

As the oil market players digested the insights from the annual APPEC meeting in Singapore, an explosive attack on critical oil infrastructure in Saudi Arabia shut in over 5% of global oil supply. Joel Hanley discusses with Eklavya Gupte and Jonty Rushforth this huge shut-in of crude oil, with...

With all of the focus on sour crudes ahead of IMO 2020, the relationship between naphtha-rich and distillate-rich barrels has attracted less attention. But increasingly, the product split in sweet crude yields has become a driving factor as refineries gear up for the new low-sulfur world. S&P...

While the US continues to count the cost of Hurricane Dorian, Europe’s refined products markets are seeing differing impacts. Joel Hanley hears from Platts reporters Solomon Lanitis and Virginie Malicier what effects a storm in the US has on European imports and exports. And in the latest IMO...

S&P Global Platts editors Ada Taib, Eesha Muneeb and Avantika Ramesh give listeners a preview of what will keep oil market participants busy at the 2019 Asia Pacific Petroleum Conference, including discussions around the impact of IMO 2020 on the Asian market, updates from Abu Dhabi's National...

IMO 2020 may be looming and the overall trajectory for sour crude such as Urals and high sulfur fuel oil is down, but with anomalous trading patterns and pockets of tightness, the high sulfur element can still show some strength. S&P Global reporters William Bland and Tamara Sleiman tell...

As trade tensions mount, US crude production continues to grow and it has to go somewhere; Europe and Asia have been accommodating homes so far but have troubles of their own. How much more crude does Europe need, and who is losing out in the US export explosion? Joel Hanley is joined by Platts...

As ethanol plays a greater role in European gasoline standards, S&P Global Platts reporters Solomon Lanitis and Joel Hanley discuss the impact of the latest evolution in the best known part of the oil barrel. Following this, Tamara Sleiman hosts another edition of the Platts IMO 2020 Special...

US crude has been gaining market share in Asia, with growing popularity in South Korea, Thailand and Taiwan. S&P Global Platts editors Avantika Ramesh and Ada Taib examine how the flow of US crude in to the region has been affecting demand for Far East Russian crude grades.

Tankers have been seized, drones downed, and warships scrambled but oil prices have barely registered the escalating tension in the Persian Gulf. S&P Global Platts reporters Robert Perkins and Emma Thomas discuss with Joel Hanley the factors keeping a lid on prices, and why values on crude oil...

Talks of closures are over for now and a clutch of run cuts at European refineries, followed by a significant outage in the US, is propping up sentiment. Refineries reporter Elza Turner tells the latest to Joel Hanley. Later in the program, Tamara Sleiman talks to Philip Reeder and Lara Berton...

The UK and Iran are facing off against one another over oil tankers and this is spooking both shippers and oil producers, with ripple effects across the markets. News reporters Jack Jordan and Miriam Malek discuss the implications with Eleni Pittalis.

The US is diversifying its sources of imports, but while this might sound dismal for European producers there is still a varied landscape of shorts out there and the outlook for producers is bullish. Francesco di Salvo talks to Solomon Lanitis and Joshua Brown. Meanwhile, on the high seas, Alex...

Singapore-based S&P Global Platts editors Eesha Muneeb and Avantika Ramesh examine the impact on prices as well as the level of concern among Asian refiners, traders and buyers, amid the geopolitical tension brewing in the Middle East, particularly after US President Donald Trump indicated a...

Production is at fresh lows and prices are following suit, but there are signs Angola is taking steps to stem the decline. Joel Hanley talks to Eklavya Gupte and Kristi Rotlaender about an expected upturn in demand for Angola’s heavy sweet crude, and China’s role as a major buyer.

With refined products such as naphtha and LPG beset by structural weakness, what are the longer term prospects for the lighter end of the barrel? S&P Global Platts Analytics’ lead petrochemicals analyst Mike McCafferty joins Joel Hanley to discuss.

Crude oil pipeline contamination in Europe has boosted gasoline cracks, which are masking a softer reality across regions. S&P Global Platts editors Eleni Pittalis, Solomon Lanitis and Tamara Sleiman discuss market dynamics on both sides of the Atlantic, as well as the product offering from...

After months near parity, the spread between high and low sulfur fuel oil has suddenly blown out. What’s behind this move and what could it mean for the feedstocks market? Eleni Pittalis and Sarah-Jane Flaws explain all to Joel Hanley.

The expiration of the US-issued Iranian sanctions waivers has now passed, leaving regular buyers of Iranian crude – and the fuel oil market – short of a regular supply line. S&P Global Platts reporters Tamara Sleiman and Eklavya Gupte tell Joel Hanley who they think the winners...

A high dose of organic chlorides in Urals crude oil has shut down European refineries and led to severe logistical and price complications. S&P Global Platts reporters Paula Vanlaningham and Robert Perkins tell Joel Hanley the latest on the scandal.

The US announced the end of all waivers from Iran oil sanctions when they expire on May 2. Ada Taib, Eesha Muneeb and Andrew Toh, S&P Global Platts editors in Asia, examine what this announcement means to crude oil buyers in the region, with China, India, and South Korea being among the biggest...

Gasoline has emerged from its recent winter doldrums but what is behind this and what can the market expect as the year wears on? S&P Global Platts staff Solomon Lanitis and Allen Reed discuss the top of the barrel with Francesco di Salvo.

As ever, the Middle East Petroleum & Gas Conference has provided plenty to talk about from currency rows to Trump tweets. Fresh from Dubai, Dave Ernsberger, S&P Global Platts global head of energy, and Vera Blei, global director of oil markets, join Joel Hanley, editorial director,...

With heavy sour crudes seeing remarkable value versus their light sweet counterparts, how are Russia’s Urals and the Europe’s fuel oil markets responding? S&P Global Platts reporters Gillian Carr and Sarah-Jane Flaws give Joel Hanley the lowdown.

Forward prices of high sulfur fuel oil are seeing understandable pressure as 2020 approaches. S&P Global Platts reporters Tamara Sleiman and Jack Jordan discuss this with Joel Hanley, as well as the possible options for bitumen producers looking for a new benchmark.

S&P Global Platts reporters Emma Kettley and Gillian Carr speak to Joel Hanley about the sudden strong buying interest in the North Sea Dated Brent crude complex, as well as the knock-on effect on grades such as Russia's Urals.

Ahead of the African Refiners’ Association conference in Cape Town, S&P Global Platts reporters Francesco Di Salvo and Eklavya Gupte tell Joel Hanley of the trends, challenges and opportunities facing the continent’s oil industry.

US crude is returning to China in small volumes, signaling growing confidence among Chinese buyers that the ongoing trade talks between China and the US will yield a favorable outcome. Sinopec most recently bought a VLCC of US crude to be delivered to China in late May, after having halted all...

S&P Global Platts Joel Hanley, Dave Ernsberger and Francesco Di Salvo discuss the highs and lows of London's International Petroleum Week. As ever, the oil industry's flagship gathering provided plenty debate on the markets, as well as talking points on environmental and diversity issues.

Azerbaijan will host the OPEC/non-OPEC joint ministerial monitoring committee meeting in Baku on March 18, pushing it into the global energy spotlight. S&P Global Platts Moscow bureau chief Nadia Rodova and oil editor Rosemary Griffin discuss the current state of Azerbaijan's energy sector and...

As traders are set to gather in London for International Petroleum Week, S&P Global Platts reporters from across the barrel tell Joel Hanley which oil stories will be heard in the meetings and parties around town. Taking in the biggest themes from crude, fuel, distillates and light ends, the...

In this edition of the podcast, S&P Global Platts Francesco Di Salvo joins editors Eklavya Gupte and Philip Reeder to discuss the lead-up to the Nigerian general election on February 16. The election pits incumbent President Muhammadu Buhari against Atiku Abubakar from the People's Democractic...

In this edition of the podcast, Joel Hanley joins S&P Global Platts reporters Herman Wang, Philip Reeder and Solomon Lanitis to discuss the fall-out from US sanctions on Venezuela. That includes potential knock-on effects for European trade flows across the barrel - from crude markets to...

Sour crude oil differentials have risen sharply relative to sweet crude grades in the Atlantic Basin as OPEC moves to cut back on production, sending the differential between the Brent and Dubai markets to its narrowest levels since 2017. In this edition of the podcast, S&P Global Platts...

S&P Global Platts editors Tamara Sleiman, Philip Reeder and Eklavya Gupte tell Joel Hanley how the inversion in fuel oil and naphtha cracks speaks of structural shortages in heavy ends and very challenging market conditions for the top of the barrel.

Platts editors Joel Hanley and Paula VanLaningham discuss the January 14 subscriber note on the inclusion of offers on a CIF Rotterdam basis into FOB Dated Brent crude oil from November 2019. What could the change mean and what's the feedback been? RELATED DETAILS Subscriber Note: Platts proposes...

The Turkish straits form the link between the Black Sea and the Mediterranean – a crucial choke point for transporting crude oil. But this year, poor weather and frequent closures in the Bosporus and Dardanelles have led to the longest shipping delays through the straits in at least 10 years....

After the recent S&P Global Platts consultation on the Dated Brent benchmark, Platts editors Robert Beaman and Paula Vanlaningham discuss with Joel Hanley the possibility of extra crude oil being delivered into the assessment.

As maritime authorities report a rising number of GPS disruptions, the scale of the digital tampering in an industry which relies heavily on the technology as a navigation tool is coming to light. In this edition of the podcast, S&P Global Platts Iain Stevenson talks with Katherine Dunn to...

S&P Global Platts reporters Virgine Malicier and Francesco Di Salvo tell Joel Hanley about soaring strength in European diesel markets brought on by the chronically shallow Rhine river. Related article (with infographic): Record low Rhine water levels continue to impact commodities

Noteworthy weakness in the European gasoline complex has weighed on light ends fundamentals in recent weeks. A culmination of heavy supply, combined with closed export arbitrage outlets, has lengthened the region and subsequently spilled over into the naphtha market where participants are already...

Despite the environmental pressure on plastics, petrochemical demand is booming. Given the link to oil via naphtha and propane, Platts reporters Philip Reeder and Lara Berton discuss with Joel Hanley the impact of weak petroleum feedstock prices and the large pethchem plant outages on the way.

The European low sulfur vacuum gasoil market has been facing bearish headwinds in recent weeks on the back of rapidly weakening gasoline cracks. S&P Global Platts EMEA fuel oil managing editor John Morley is joined by editors Tamara Sleiman and Solomon Lanitis to examine the current state of...

Shipowners have received some of the first details about the fuel they will be relying on from 2020 this week with some announcements about the new blends for use once the International Maritime Organization's sulfur limit drops to 0.5%. S&P Global Platts Jack Jordan, editorial lead for bunker...

A new swap contract has led to unprecedented transparency in Nigerian crude oil trading. S&P Global Platts senior editors Joel Hanley and Paula VanLaningham assess whether this could be a new trend, as well as discussing new assessments for US crude into Europe, and a possible quality premium...

Maintenance on secondary cracking units at the Jamnagar and Yanbu refineries is having a conflicting impact on European gasoline and Vacuum Gasoil markets. Supply of gasoline out of the units has been dented, meaning Northwest Europe is being tapped to fill the void, while demand for European VGO...

A recent spate of shipping engine failures has been traced back to a problematic cargo of bunker fuel in Houston earlier in the year. S&P Global Platts reporters Emma Kettley and Jack Jordan discuss with Joel Hanley the difficulties of policing fuel oil specifications and whether a global...

A heat wave in Europe and lack of rain are keeping the water levels of some of Europe's rivers low. For the Rhine, this means dire consequences for the shipment of oil products between the storage hub of Amsterdam-Rotterdam-Antwerp and the inland markets in Germany and Switzerland. S&P Global...

Tonnage, debt, price and credit could be explosive issues for the shipping and bunker industry going into 2020. The fallout from the International Maritime Organization's tighter fuel regulations will mean higher fuel costs and/or difficulties purchasing expensive scrubbers. S&P Global Platts...

Among shipowners looking at how to cope with tighter marine fuels sulfur limits in 2020, the use of scrubbers to clean their emissions on board has been seen as a niche solution for the past few years. But that may be starting to change – rumours abound that the technology may be finding new...

How will Asia's top buyers react to the re-imposition of US sanctions on Iran?In this podcast, S&P Global Platts editors Mriganka Jaipuriyar, Philip Vahn, and Oceana Zhou examine why China is likely to benefit the most out of the US' move, as South Korea and Japan cut back on their imports and...

S&P Global Platts light ends reporter Philip Reeder tells Joel Hanley why prices for versatile feedstock naphtha have remained strong while other refined oil products have not sustained the pace.We welcome any feedback or suggestions for topics. Contact us at webeditor@platts.com.

S&P Global Platts editors Gillian Carr and Joel Hanley discuss how differentials for Kazakhstan's CPC Blend crude oil have plummeted on heightened output and weak demand. But with production only set to increase, is there any hope for a price recovery in the short term?We welcome any feedback...

Bunker demand data for 2017 over the past month has shown Fujairah slipped behind Rotterdam in total sales last year, while both remain long behind the world leader, Singapore. Editorial director for EMEA oil Joel Hanley is joined by editorial lead for bunker news Jack Jordan for a discussion on...

After attending the African Refiners Association meeting in Cape Town, March 12-14, S&P Global Platts reporters Ahila Karan and Eklavya Gupte share their thoughts with Joel Hanley on the continent's prospects in oil refining and investment.Related contentVideo: What is the state of play for...

With Russian crude oil values in Europe slumping to multi-year lows, S&P Global Platts editors John Morley and Maude Desmarescaux discuss with Joel Hanley why sour crude has fallen out of favor and the possible knock-on effect on the North Sea Dated Brent benchmark.We welcome any feedback or...

S&P Global Platts oil news team discusses the oil and gas industry's search to redefine itself amid weak prices, rising US shale output, and growing environmental challenges.We welcome any feedback or suggestions for topics. Contact us at webeditor@platts.com.

S&P Global Platts European jet fuel editors Christopher Ewen and Caroline Knight discuss with Joel Hanley the strength in the European jet fuel market. Strong Asian winter demand, twinned with refinery maintenance, has seen cargoes stay in the region rather than head to Europe as usual.We...

S&P Global Platts crude oil editors Paula Vanlaningham and Maude Desmarescaux discuss the consequences of the December Forties Pipeline System outage on January arbitrage flows of North Sea crude to Asia. How did the market respond to this unprecedented turn of events, and what should we expect...

Saudi Arabia, with its anti-corruption purge, has been much in the headlines lately, as has kingdom's state-owned oil company, Saudi Aramco, with much speculation over its long-mooted public listing.Discussions are underway as to how best to proceed with the IPO, which the kingdom hopes will fund a...

David Elward, S&P Global Platts associate editorial director, EMEA clean refined products, and Christopher Ewen, associate editor, EMEA middle distillates, discuss the recent counter-seasonal spike in jet fuel barge prices. What caused rising jet fuel prices outside of the traditional peak...

Joel Hanley, S&P Global Platts senior director EMEA oil, and Iain Stevenson, managing editor EMEA light ends, discuss this summer's firm propane fundamentals during a time when prices would traditionally drop. Is the alternative steam cracker feedstock about to face an unconventional winter...

Hurricane Harvey affected the US oil industry from the wellhead to refinery outputs, and the sector is still showing signs of slowness after the storm pummeled the US Gulf Coast. Senior oil editors Ashok Dutta, Janet McGurty and Starr Spencer recap how Harvey brought down crude oil and natural gas...

Iraq's semi-autonomous Kurdistan raised regional tensions this week with its non-binding referendum for independence. The result, a resounding yes, was a foregone conclusion but the poll has rankled some of Kurdistan's key allies and neighbors.S&P Global Platts senior writer Robert Perkins,...

At recent shipping industry events in London, compliance with the IMO's upcoming 0.5% sulfur cap on marine fuels was a hot topic among industry representatives. S&P Global Platts editors Ned Molloy, Tom Washington and Jack Jordan discuss a recent case of non-compliance in Denmark, as well as...

As the US recovers from a devastating series of hurricanes, S&P Global Platts editors Caroline Knight and Daron Jones discuss with Joel Hanley the storms' impact on the jet fuel markets both there and in Europe.We welcome any feedback or suggestions for topics. Contact us at...

S&P Global Platts editors David Elward, Virginie Malicier, George Shaw and Marcel Goldenberg discuss the impact of Hurricanes Harvey and Irma on Europe’s refined product and crude oil markets. Gasoline exports from Europe to the US have increased, diesel flows from the US Gulf Coast to...

S&P Global Platts editors Joel Hanley and John Morley discuss the changing competition affecting North Sea crude oil, as the Brent/WTI and Brent/Dubai spreads blow out to fresh levels. Can US grades compete for European refinery share, and what of the European oil slated to go to Asia?We...

Following the July 29-31 fire and subsequent leak at Shell's Pernis refinery in the Netherlands –- the largest in Europe and a key petrochemicals hub –- S&P Global Platts editors discuss the impact of this major incident on the region's oil and petchems markets; and assess how...

S&P Global Platts refined products editors David Elward, Katherine Dunn and James Colquhoun discuss how after prolonged weakness the Northwest European naphtha complex has strengthened on stronger demand from petrochemical end users and for gasoline blending, in part switching away from rising...

S&P Global Platts crude oil editors Paula VanLaningham and Marcel Goldenberg discuss the recent uptick in differentials for the Mediterranean's light, sweet Saharan and CPC Blend and why that has not carried over into more distillate-rich Azeri Light.RELATED CONTENTSpecial report: Western...

After the latest meeting of the IMO's Marine Environment Protection Committee in London on July 3-7, S&P Global Platts editors Ned Molloy and Jack Jordan discuss what happened at the meeting and whether any clarity has emerged on how the 0.5% sulfur cap on marine fuels will be implemented in...

S&P Global Platts oil editors Paula VanLaningham and John Morley discuss the changes in North Sea crude arbitrage to Asia, with a particular focus on the role China is likely to play as trading rolls into the third quarter.RELATED CONTENTS&P Global Platts trade flow software cFlowPrice...

Saudi Arabia's King Salman has appointed his son Mohammed bin Salman as his successor, giving the young prince a free hand to carry out his ambitious economic reforms.S&P Global Platts editors Adal Mirza and Tamsin Carlisle discuss what the announcement means for the kingdom's National...

S&P Global Platts oil editors Joel Hanley, George Shaw and Chris Ewen discuss the narrowing spread between gasoline and diesel in Europe, highlighting the trends having an effect on this well-watched relationship.We welcome any feedback or suggestions for topics. Contact us at...

Joel Hanley speaks with fellow S&P Global Platts editors Amandeep Dhir, Eleni Pittalis and Elza Turner about the impact that OPEC/non-OPEC crude cuts are having on fuel oil margins.Related podcast: Sweet/sour crude spread in focus as Urals prices over CPC BlendWe welcome any feedback or...

S&P Global Platts editors Marcel Goldenberg and Ahila Karan discuss with Joel Hanley how the now-extended OPEC/non-OPEC oil output cuts are impacting gasoil and crude markets in the Mediterranean, where light, sweet crude is now at a discount to higher-sulfur oil.Related video: Despite...

In the week St Petersburg played host to the International Air Transport Association Fuel Forum, S&P Global Platts editors David Elward and Caroline Knight reflect on an expanding Russian aviation footprint, the outlook for the global airline sector and jet fuel prices, and industry efforts to...

In the inaugural episode of the S&P Global Platts OPEC Outlook podcast, Herman Wang, Platts OPEC correspondent, discusses what to watch for when the oil producer group's ministers meet on May 25 with their non-OPEC counterparts to review their production cut agreement. Ministers appear to be...

S&P Global Platts editors Joel Hanley and Jonty Rushforth discuss the key issues raised at the Platts Crude Oil Summit, from the supply/demand balance and OPEC's upcoming meeting, Asia's enigmatic demand growth, and the further evolution of crude benchmarks.We welcome any feedback or...

While the markets still try to digest the implications of the International Maritime Organisation's decision to move to a 0.5% sulfur cap for marine fuels from 2020, Platts oil products editors Joel Hanley, Ned Molloy and Eleni Pittalis discuss the visible signs of market change.We welcome any...

Iain Stevenson, managing editor for the S&P Global Platts EMEA light ends oil team, Ahila Karan and Fabian Weber, EMEA associate editors for the gasoil and gasoline markets, discuss clean product sulfur limit reductions in West Africa and the potential impact on European trade flows.We welcome...

Paula VanLaningham, managing editor for the S&P Global Platts EMEA crude oil team, Maude Desmarescaux and Marcel Goldenberg, EMEA editors for North Sea and the Urals and Mediterranean markets, discuss the growing influence of Asian buyers in the European crude markets.We welcome any feedback or...

Iran's crude oil production is close to pre-sanctions levels, according to the S&P Global Platts OPEC survey, but can the country push on further? Associate director Paul Hickin and senior editor Eklavya Gupte shed light on the diversification of Iranian crude export destinations, as it faces...

Saudi Aramco announced recently it would resume exports of refined products, including 1,000 ppm sulfur gasoil, to the Egyptian General Petroleum Corporation. Platts editors David Elward, Francesco Di Salvo and George Shaw discuss how the initial commitments have been met, in part, by lower sulfur...

S&P Global Platts editors Joel Hanley, John Morley and Marcel Goldenberg discuss the "exploding" price difference between two important crudes in North Europe -- benchmark Forties and Russia’s Urals.We welcome any feedback or suggestions for topics. Contact us at webeditor@platts.com.

S&P Global Platts editors Joel Hanley and Elza Turner 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.We welcome any feedback or suggestions for topics. Contact us at...

Ahead of the African Refiners Association conference in Cape Town next week, Platts editors discuss Nigeria’s efforts to finalize the country’s second annual direct sale of crude oil and direct purchase of products program (DSDP) for 2017, and the region’s continued drive to adopt...

Ahead of the Platts London Oil & Energy Forum on February 20, editors David Elward and Robert Beaman join Joel Hanley for a look at the big issues in the oil markets. With matters such as OPEC’s output cut, West Africa’s clampdown on sulfur, and the new US president, there is a lot...

Once a North African OPEC powerhouse for light, sweet crude oil, Libya is now riven by civil war and disrupted oil supply. The country is trying to pull itself back into contention as a supplier of crude into the Mediterranean and beyond. S&P Global Platts editors Joel Hanley and Gillian Carr...

S&P Global Platts editors Joel Hanley and Marcel Goldenberg 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?We welcome any feedback or suggestions for topics. Contact us at...

Platts editors Joel Hanley and Amandeep Dhir 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.We welcome any feedback or suggestions for topics. Contact us at...

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?We welcome any feedback or suggestions for topics. Contact us at webeditor@platts.com.

Mexico’s higher gasoline prices for consumers are having a ripple effect through North American gasoline markets as the US exports more product to its neighbor. Josh Brown, editor for US gasoline markets, explains why Mexico’s domestic production is hobbled despite growing demand and...

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. Patrick Burns, Americas fuel oil editor, talks with Matt Cook, associate editorial director for Americas...

The IMO’s decision in late October to go ahead with a 0.50% global sulfur cap in 2020 is the defining topic shaping the outlook for marine fuels. In this week’s podcast Martin Tallett, president, Ensys Energy, and David St-Amand, president, Navigistics Consulting, talk to Ned Molloy,...

S&P Global Platts editors David Elward and Ahila Karan discuss the nascent flows of Iranian gasoil into the Amsterdam- Rotterdam-Antwerp refining hub, where desulfurization opportunities have attracted the first shipments after a 10-year hiatus.Read more on this story -- Analysis: Iran emerges...

Russia is playing a key 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.With the first visible results of the efforts likely to be seen in February or so, Nadia Rodova, managing editor at S&P Global...

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?Related videoWatch managing editor Paula Vanlaningham and price group...

Platts editors Joel Hanley and Elza Turner discuss the launch of the Urals crude oil futures contract on the St.Petersburg International Mercantile Exchange. Will international players help the contract provide a benchmark for Russian oil?We welcome any feedback or suggestions for topics. Contact...

The arrest of Russian Economy Minister Alexei Ulyukayev, accused of receiving a $2 million bribe for supporting Rosneft's acquisition of a 50% stake in Bashneft earlier this year, came as a shock to the market. The corruption scandal, involving a key player in the privatization process, raised a...

In early October Saudi Aramco stopped its open credit line to Egypt's EGPC halting the supply of refined products, according to traders. What led to this decision, and how does this fit into the political context in the Middle East? Ned Molloy, managing editor European fuel oil, George Shaw, editor...

There are no longer doubts about the technical feasibility of scrubbers, but the low oil price environment has made the financial case for investing in scrubbers less obvious. However with the upcoming IMO decision later in October in London, on whether to implement a global sulfur cap of 0.50% on...

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. S&P Global Platts' Ned Molloy, managing editor of fuel oil, interviews Jelena Grigorjeva,...

Sweeping changes to marine fuel regulation are affecting cruise liners more than most segments of the global shipping industry. Ned Molloy, managing editor, fuel oil at S&P Global Platts, speaks to Bud Darr, senior vice president of technical and regulatory affairs at Cruise Lines International...

Russia's privatization story has taken more twists and turns. The authorities have delayed the privatization of the country's fastest growing oil producer Bashneft, Lukoil has got cold feet over the potential purchase and Rosneft's interest has been muddied by the fact that it too is state owned....

Following numerous Russia-Asia economic events this spring, S&P Global Platts managing editor for oil news in Moscow Nadia Rodova and her Moscow-based colleague Nastassia Astrasheuskaya assess the prospects of oil and gas cooperation with investors from several Asian countries, with CNPC's...

As the European Union is to debate the extension of oil sanctions on Russia in June, Platts managing editor for oil news in Moscow Nadia Rodova and her Moscow-based colleague Rosemary Griffin discuss the impact of the sanctions on the country's oil sector and the implications for the future for...

Joel Hanley, editorial director for EMEA oil, talks with two Platts experts on Russia, Elza Turner and Nadia Rodova, about the changing profile of Russian refineries and exports, as lower crude oil prices, tax reforms, refinery upgrades and financing difficulties create a mixed outlook.We welcome...

Wildfires are still raging across northern Alberta, and the oil industry is grappling with shut-ins, forces majeures and price effects rippling through markets. Allen Reed, associate editor of Canadian crude oil, talks with Luciano Battistini, managing editor of crude oil, about the status of oil...

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. Kent Carlson, US jet fuel reporter, talks with Amanda Rayborn, managing editor for middle distillates, about some theories...

The premium of Mediterranean low sulfur fuel oil prices over Northwest Europe tumbled to its narrowest level in 20-months on the back of plummeting freight rates between the two regions.Platts oil and shipping editors, Beatrice Bedeschi and John Morley discuss the reasons behind the bearish...

Following a fourth-quarter earnings season in which oil companies took another severe hit from low oil and gas prices, Platts senior writer for EMEA oil news Robert Perkins and senior editor for EMEA oil news Nick Coleman discuss how the industry is adapting, some of the more surprising outcomes of...

The recent change in gasoil flows from Russia is the main driver of the shortage which has pushed Northwest European gasoil physical premiums to their highest in over three years. Platts oil products editors Olivier Lejeune, Elza Turner and George Shaw discuss recent market dynamics.We welcome any...

With a tumultuous year for oil prices now in the rear-view mirror, Platts middle distillates team leader Olivier Lejeune sits down with Phil Casey to discuss the structural shift observed on the European jet market in 2015 and the outlook for 2016. Despite robust demand, the region struggled to...

Memorial Day weekend in the US is expected to have the highest travel volume for the holiday in 10 years, according to AAA Travel, right at a time when refiners are cranking up capacity to churn out more gasoline. Jeff Bair, light ends team leader in the Americas, talks with Amanda Rayborn, who...

Is it the end of an era in Saudi Arabia? Platts associate editorial director for oil news Mriganka Jaipuriyar and senior editor Tamsin Carlisle look at how recent political developments in Saudi and the separation of Saudi Aramco from the Ministry of Petroleum could affect international oil...

Platts Robert Beaman, managing editor for EMEA crude oil, analyzes recent trends in Brent crude oil prices with North Sea crude editor Ned Molloy and futures specialist George Shaw. The team discusses a perceived disconnect between the rally in futures and the weak physical crude market, as...

Platts Olivier Lejeune, managing editor for European and African middle distillates, and Philippe Casey, European jet fuel editor, discuss the recent change in the European jet fuel specification and the serious implications for oil traders and pipeline operators across the continent. We welcome...

Platts Olivier Lejeune, managing editor, Europe and Africa middle distillates and Eline Potie, Europe and Africa gasoil editor, discuss the changing face of the European gasoil market after Russian refinery upgrade projects led to lower sulfur gasoil exports. We welcome any feedback or suggestions...

In this podcast, Vandana Hari, Platts editorial director in Asia, and Pradeep Rajan, Platts senior managing editor for freight markets, assess the oil volumes stockpiled by Iran and how much of it could flood the global market, as well as how the insurance landscape could evolve once oil sanctions...

Platts Benno Spencer, senior managing editor, Europe and Africa Oil and Erduan Reid, Europe and Africa fuel oil editor, discuss the surprising resurgence in Northwest European low sulfur fuel oil barge demand seen in the first half of April. The discussion focuses on Vitol's recent buying spree in...

China recently released criteria for refiners that do not have crude import quotas or licenses to start applying for new import quotas. Platts senior oil news writer Song Yen Ling explains this policy change, the current status of application for rights to import crude, and how it may affect the...

On March 28-29, Nigeria elected Muhammadu Buhari as the country's new president, defeating incumbent Goodluck Jonathan. Robert Beaman, Managing Editor for European and African crude oil, discusses the impact of the election on the oil industry and on the physical oil markets with editors Eklavya...

Gasoline accounts for roughly 30% of Japan's domestic oil demand. Platts Asian oil news associate director Mriganka Jaipuriyar and senior editor Takeo Kumagai analyze Japan's improved refining margins, the changes that helped refiners in the fiscal year 2014-2015, and the industry's outlook for...

Sophie Byron, managing editor of Europe and Africa light ends, and Iain Stevenson, associate editor for LPG, analyze what is causing the tightness in propane supply in Europe, its impact on prices, and the steps being taken by the region's producers to meet their propane requirements. We welcome...

Sophie Byron, managing editor for European and African light ends, discusses with editor Virginie Malicier, the gasoline seasonality switch from winter to summer specification and blending demand; and analyze Where US gasoline strength after strike action, refinery issues and maintenance has...

Robert Beaman, managing editor for European and African crude oil, discusses the impact on the WAF crude market of the recent changes in Suezmax and VLCC freight rates, with freight editor John Morley and price assessments specialist Dimitrios Moraitelis. With Brent crude contango having narrowed...

Platts Christopher Vowden, managing editor of fuel oil and feedstocks, and Marko Trtica, fuel oil editor, 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. We...

Several Asian governments have taken advantage of low oil prices to carry out retail pricing reforms in their respective countries. In this podcast, Platts senior editor Mriganka Jaipuriyar, editorial director in China Sebastian Lewis, and senior analyst Oceana Zhou discuss the potentially big...

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. We welcome any feedback or suggestions for topics. Contact...

In this podcast, Platts senior oil news writer Yen Ling Song looks at the pattern of China's crude imports over the past years and discusses the factors that may affect the country's buying decision in 2015, as well as its current and upcoming capacity for commercial storage and strategic petroleum...

Sophie Byron, managing editor of Europe and Africa light ends, and and Iain Stevenson, associate editor for LPG discuss structural changes in the LPG market, focusing on increased propane exports from the US and the impact on the European market. Also examined is the lack of seasonal strength in...

Malaysia has scrapped fuel subsidies and Indonesia has reduced them. Platts editors James Bourne, Mriganka Jaipuriyar, and Jonathan Nonis discuss the subsidy policy shifts, the impact on oil imports, and the domestic appetite for fuel in both countries. This is the latest in a series of weekly...

Benno Spencer, senior managing editor, Europe and Africa oil, Elza Turner, senior editor for Russian crude and products, and Paula VanLaningham, editor for Mediterranean and Urals crude, discuss the upcoming changes to the Russian oil export tax scheme and their impact on both crude and product...

Sophie Byron, managing editor of EMEA light ends and Virginie Malicier, editor for EMEA naphtha discuss the recent weakness in the European naphtha market with oversupply in Europe and low demand in Asia. Also examined is the ongoing competition from LPG for petrochemical cracking in Europe as...

Benno Spencer, senior managing editor, Europe and Africa oil, and Marko Trtica, fuel oil editor, discuss the recent OW Bunker bankruptcy and the consequences for the global bunker fuel market; focusing on price, competition, finance, losses and other ramifications.This is the latest in a series of...

Aleksandrs Juhnevics, managing editor, global shipping and freight, and Eklavya Gupte and John Morley, associate editors for West African crude and shipping, discuss the impact on the oil and shipping markets of the recent Ebola outbreak in WAF; and examine the steps taken by the shipping industry...

Cheong Su Yeen, Platts senior editor for jet fuel in Asia, and Song Yen Ling, Platts senior writer for oil, discuss 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...

Elza Turner, senior editor for the Russian domestic oil market and Alex Pearce, editor for Northwest Europe distillates, 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.This is the latest...

Sophie Byron, managing editor for EMEA light ends and Virginie Malicier, editor for EMEA naphtha, discuss 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. In...

A glut in ultra low sulfur diesel and gasoline looms in Asia. Jonathan Nonis, Platts senior managing editor for the Asian oil markets, discusses the factors behind the impending oversupply, Australia's potential demand growth, and the possibility of other markets as destinations of the surplus...

Sophie Byron, managing editor for EMEA light ends and Francesco Di Salvo, editor for EMEA gasoline, discuss the recent strength in the Northwest European gasoline market, where refinery maintenance has exerted upwards pressure on prices. This is despite the transition to cheaper winter-grade...

Andrew Bonnington, editorial director for European and African oil and Eklavya Gupte, associate editor covering the West African crude oil markets, discuss the unique challenges and opportunities facing the African continent. Booming US crude oil production has meant that Nigeria in particular has...

Benno Spencer, senior managing editor for EMEA oil and Paula VanLaningham, editor for Mediterranean and Urals crude, discuss the recent weakness in the Mediterranean Urals market, where differentials have dropped relative to the Northwest European market as incoming arbitrage barrels from the...

Mexico's energy reforms present potentially huge oil and gas exploration and investment opportunities to foreigners. James Bourne, Platts associate director of oil news in Asia, and Takeo Kumagai, Platts senior editor for Asia oil news, discuss the sets of investment opportunities for foreign...

Platts Stuart Elliott, associate editorial director, Europe and Africa oil news and Rosemary Griffin, associate editor, 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. This is the latest...

Platts Stuart Elliott, associate editorial director, Europe and Africa oil news and Nick Coleman, senior editor, 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 and what an independent Scotland would look to do with its...

Platts Peter Norfolk, editorial director, global shipping and freight, and John Morley and Nigel Davies, West of Suez freight editors, discuss the impact on tanker markets of the restart of crude oil loading from the Libyan ports of Ras Lanuf and Es Sider, as well as the latest developments...

Platts Stuart Elliott, associate editorial director, Europe and Africa oil news and Dina Khrennikova, associate editor, discuss the problems that hit the launch of the giant Kashagan oil field offshore Kazakhstan and the likely timeline for the field's restart. This is the latest in a series of...

Platts Stuart Elliott, associate editorial director, Europe and Africa oil news and Rosemary Griffin, associate editor, 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....

Platts' Andrew Bonnington, editorial director for European and African oil discusses the recent fall in the value of low sulfur fuel oil relative to high sulfur fuel oil with editors, Ned Molloy and Maude Desmarescaux. The recent glut of light, sweet crudes and subsequent fall in the value of the...

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, according to Platts calculations based on recent government data. She also assesses gasoil demand, which recovered to its...

Platts' Eklavya Gupte, West Africa crude editor, and Ned Molloy, North Sea crude editor, discuss the biggest slide in Brent crude prices this year, including the impact of Chinese de-stocking on West African exports, the fragile recovery in European refining margins, and headlines on Iraq and...

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. John-Laurent Tronche, team leader, Americas bunker fuel and residuel fuel oil, explains the options...

Andrew Bonnington, Platts editorial director for European and African oil, and Eklavya Gupte, West Africa editor, discuss the recent low values seen in the Angolan crude market amid weak Chinese demand and tumbling refining margins. This is the latest in a series of weekly podcasts aimed at...

Benno Spencer,Ned Molloy and Paula Vanlaningham, members of the Platts European crude oil price reporting team, discuss the recent reversal of fortunes for North Sea crude values, the bearish Mediterranean and Urals crude markets, stymied West African crude arbitrage to China and an environment of...

Ilana Djelal, Platts associate editorial director clean products EMEA and Eline Potie, Platts European gasoil market editor, discuss persistent weakness in the underlying gasoil demand and how this weakness is being mitigated by Baltic gasoil volume bypassing European markets in May. This is the...

Ellie Weir, Platts tankers team leader talks to John Morley, dirty tankers editor and Eklavya Gupte, West African crude editor, about the reasons behind WAF VLCC freight rates languishing at their lowest levels for eight months. Focusing on both the freight and crude oil markets to understand why...

Sophie Byron, Platts light ends team leader, and Francesco Di Salvo, Platts EMEA gasoline editor, discuss recent weakening in the European physical and paper gasoline markets, as weaker arbitrage opportunities to the US Atlantic Coast failed to absorb length, as well as the impact of West African...

Takeo Kumagai, senior editor for Platts oil news, talks with James Bourne, associate editorial director for oil news in Asia, about how operable capacity for oil refining in Japan has dropped roughly 20% on government regulations and waning domestic demand. Imports of certain products may increase...

The Great Australian Bight, off the southern coast of Australia, is causing excitement among major oil companies hoping to tap into the large offshore reserves there. James Bourne, Platts associate editorial director for Asian oil news, and Christine Forster, Platts senior writer for Asia oil news,...

James Bourne, Platts associate editorial director for Asian oil news in Singapore and Takeo Kumagai, Platts senior editor for Asia, based in Tokyo, analyze Japanese and South Korean buyers of Iranian crudes having maintained their annual term contracts for 2014 at volumes unchanged from last year....

Andrew Bonnington, Platts editorial director, European and African Oil and Charles Goldner, Platts EMEA diesel editor, on liquidity in the European diesel market having surged in recent weeks amid strong buying from trading companies. With diesel cars becoming more and more popular across Europe...

Mriganka Jaipuriyar, senior editor for Platts Oilgram News, and Song Yen Ling, senior writer for oil, discuss how India's upcoming election is shaping the country's oil and gas exploration policies. This is the latest in a series of weekly podcasts aimed at highlighting significant news stories...

The RBOB futures market has recently experienced a rally supported by bullish stocks data in the country. The US Atlantic Coast is the traditional outlet for Europe's structurally long gasoline market, however, an open arbitrage has so far been unable to translate in bullish fundamentals in...

Alison Ciaccio, futures oil editor, and Bridget Hunsucker, editor, Americas oil news, discuss Cushing, Oklahoma, the basis for the NYMEX light sweet crude contract, and the possibility of starting new US futures contracts in Albany, New York, and Houston, Texas. This is the latest in a series of...

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. Platts editors John-Laurent Tronche, team leader, Americas bunker fuel and residuel fuel, and Patrick Burns,...

Platts' Song Yen Ling, senior writer for China, discusses Chinese state-owned oil and gas companies' recently-announced investment plans, having taken the unusual step of cutting their capital expenditure; the norm being to have capex grow year on year in order to boost growth. The main reason for...

Stuart Elliott, associate editorial director, and Rosemary Griffin, associate editor, discuss 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. Rosneft's business interests so far are unaffected, but could...

Ahead of Platts' 5th Annual European Bunker Fuel Conference in Rotterdam on May 22-23, Chris Vowden, European fuel oil and feedstocks team leader, spoke to the Port of Rotterdam Authority's Ronald Backers, Business Developer, Liquid Bulk and Jaap van Dalen, Business Manager, Oil and Refining, about...

Russia's Urals crude oil grade has been volatile recently, briefly reaching a six month high in mid-March before rapidly falling back in the space of two weeks. What have been the fundamentals driving this change, and what has the impact been on the European crude markets? Platts' team leader for...

Record low temperatures in Japan are causing utilities to burn more direct burning crude for power generation. Daniel Colover, Platts Asia crude oil managing editor, and Ada Taib, senior editor for oil, discuss the continued pickup in demand for direct burning crude in Japan even after the cold...

Charles Goldner, EMEA diesel editor, and Olivier Lejeune, EMEA team leader for middle distillates, discuss the recent decision by UK oil importers to enact a new test on diesel filter-blocking tendency. This could make it more difficult to export Russian diesel to the country. This is the latest in...

Ellie Weir, team leader for EMEA shipping and Shubh Shukla, West of Suez freight editor, discuss the shipping security measures now recommended by the Norwegian Maritime Authority, following the hijacking of a vessel off shore Luanda, Angola in January. This is the latest in a series of weekly...

The Chinese oil sector is traditionally controlled by the state but this seems about to change as China’s largest refiner, Sinopec, announced plans to seek investment for its oil product marketing and retail division. Song Yen Ling, Platts senior writer for oil and gas news, discusses the...

Benno Spencer, senior managing editor Europe and Africa oil and Marko Trtica, fuel oil editor, discuss the recent strength seen in Northwest European low sulfur fuel oil, stemming from regional outflows to the US due to unprecedented cold across the Atlantic and European refinery maintenance. This...

Ilana Djelal, associate editorial director, clean products EMEA, and Eline Potié, middle distillates editor, discuss trends and flows in the European gasoil market. This is the latest in a series of weekly podcasts aimed at highlighting significant news stories from around the energy world....

Mediterranean-Japan freight rates have shot up over $3 million, the highest in over a year. Wanda Wang, Platts Asia shipping editor, explores how the West of Suez market and Aframaxes have pushed the rates up and shares market sentiments on the sustainability of the rates. This is the latest in a...

Aframax rates have risen sharply, promptin ships to ballast from the East to the West. Sameer Mohindru, Platts Asia senior editor for shipping and freight, discusses the performance of Aframax rates in 2013 and what events are rocking the boat for the market this year. This is the latest in a...

The North Sea crude oil market has weakened dramatically as Asian buying interest dries up ahead of refinery maintenance. Platts' Europe and Africa crude oil Team Leader Robert Beaman discusses these developments with North Sea editor Ned Molloy and West Africa editor Eklavya Gupte. The team...

Andrew Bonnington, editorial director for European and African Oil, discusses why airfares have not fallen in line with jet fuel prices, with Philippe Casey from the jet fuel desk. As the public outcry for lower airfares grows, Andrew and Philippe examine why hedging in the paper market prevents...

China's bunker fuel sales were estimated at 10 million mt in 2013, a 10% decrease from 2012. Atsuko Kawasaki, Platts Asia oil editor, examines the reasons behind the drop and shares market expectations for the year ahead. This is the latest in a series of weekly podcasts aimed at highlighting...

Olivier Lejeune, team leader for European and African middle distillates, discusses a bearish start to 2014 for diesel, jet fuel and gasoil markets with editors David Elward and Robert Friend. Rising exports from the US and new refining capacity coming online in the Middle East is already putting...

Benno Spencer, senior managing editor, Europe and Africa Oil, John Morley, West of Suez freight editor, and Eklavya Gupte, West African crude editor, discuss the factors that have contributed to the recent record strength in the dirty tanker market while also focusing on the impact of the strength...

Platts Europe & Africa crude oil team leader Robert Beaman discusses recent developments in Libyan crude exports with Urals and Mediterranean editor Paula VanLaningham. As some Libyan crude returns to market from the west of the country while exports from the east remain limited, they discuss...

Robert Beaman, managing editor for European and African crude oil, discusses the widening contango on the ICE Brent Futures structure with crude editors Eklavya Gupte and Ned Molloy. As steep contango encourages traders to put Atlantic Basin, Persian Gulf and Asian crudes into inland and floating...

Niels von Hombracht, a specialist in the field of the storage and logistics of crude oil, petroleum products and chemicals, discusses with John Kingston, Platts news director, the most pressing issue for the oil storage market and trends driving storage issues for crude versus storage issues for...

Eklavya Gupte, European feedstocks market editor and Chris Vowden, European fuel oil and feedstocks team leader, discuss 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....

Despite muted growth in demand in the past year, gasoil is one product to watch in coming months. Song Yen Ling, senior writer for Platts oil and gas news, examines the general outlook for Chinese oil demand and notable developments in the market. This is the latest in a series of weekly podcasts...