Platts Global Oil Markets Archive

June 2018

Younger generation of shipping executives reconsider scrubbers ahead of IMO 2020

June 20, 2018 (8:00)

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. We look at how and why scrubbers might be becoming more popular.

May 2018

Implications of US sanctions on Iran for Asian oil buyers

May 09, 2018 (5:58)

Our editors examine why China is likely to benefit the most out of the re-imposition of US sanctions on Iran.

April 2018

OPEC rejects Trump's claims of oil price fixing; consensus emerging to extend cuts

April 23, 2018 (11:48)

S&P Global Platts senior oil writer Herman Wang recaps the OPEC Joint Ministerial Monitoring Committee meeting held April 20; and the reaction to US President Donald Trumps's social media comment which livened up what had been a fairly uneventful affair.

Looking for the upside: CPC Blend crude oil at six-year lows

April 19, 2018 (5:36)

S&P Global Platts editors discuss how differentials for Kazakhstan's CPC Blend crude oil have plummeted on heightened output and weak demand. Is there any hope for a price recovery in the short term?

March 2018

Rotterdam overtakes Fujairah as world's second bunker fuel hub

March 28, 2018 (5:38)

S&P Global Platts editors discuss the changing landscape for bunker fuel demand across the world, and how things may change as emission limits are cut in 2020 in accordance with IMO regulations.

What next for African refining?

March 21, 2018 (8:42)

After attending the African Refiners Association meeting in Cape Town, S&P Global Platts reporters share their thoughts with Joel Hanley on the continent's prospects in oil refining and investment.

What's behind the Russian sour crude oil slump?

March 14, 2018 (8:03)

With Russian crude oil values in Europe slumping to multi-year lows, Platts editors look at why sour crude has fallen out of favor and the possible knock-on effect on the North Sea Dated Brent benchmark.

February 2018

IP Week -- Oil and gas: An industry trying to redefine itself

February 23, 2018 (6:52)

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.

Asian kerosene strength brings fresh highs to European jet fuel prices

February 08, 2018 (6:23)

This week, we discuss 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.

January 2018

December Forties Pipeline System outage affects January North Sea-Asia crude arbitrage

January 25, 2018 (5:19)

We 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 going forward?

November 2017

The Saudi purge and Aramco: how the kingdom's oil policy may play out

November 16, 2017 (9:09)

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.

Jet fuel barges soar above $50/mt bucking traditional seasonal trends

November 10, 2017 (8:25)

We discuss the recent counter-seasonal spike in jet fuel barge prices. What caused rising jet fuel prices outside of the traditional peak summer demand period?

October 2017

Northwest European propane prices buck traditional seasonal trends

October 26, 2017 (5:13)

Platts oil products editors 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 too?

September 2017

Kurdistan’s independence poll raises the heat in Iraq but what does it mean for oil?

September 28, 2017 (9:09)

Following Kurdistan's independence referendum result, what are the implications for its key oil exports and the likely impact on upstream deals with foreign companies?

How is US oil recuperating from Harvey, from wellhead to midstream to refining?

September 28, 2017 (10:32)

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.

IMO 2020: Which country will be the toughest enforcer of the sulfur cap?

September 21, 2017 (7:31)

Our editors discuss a recent case of fuel sulfur content infringements in Denmark, as well as which countries can be expected to enforce the rules most strictly in 2020, given the evidence so far from ECA zone enforcement.

After the storms: Jet fuel trends and outlook in Europe and the US

September 18, 2017 (8:05)

As the US recovers from a devastating series of hurricanes, our editors discuss the storms' impact on the jet fuel markets both there and in Europe.

European gasoline, diesel prices rally on Hurricane Harvey, traders eye Irma impact

September 07, 2017 (9:08)

What has been the impact of Hurricanes Harvey and Irma on Europe’s refined product and crude oil markets, and how soon will normal business resume?

August 2017

North Sea crude complex holds up in face of wider inter-regional spreads

August 23, 2017 (6:54)

We 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?

European oil, petchems reaction to Shell Pernis refinery production halt

August 08, 2017 (13:03)

Following the recent fire at Shell's Pernis refinery, we discuss the impact of this major incident on the region's oil and petchems markets, and how supply disruption from a key source leads markets down alternate avenues.

NWE naphtha turns bullish on petrochemical, gasoline blending demand

August 01, 2017 (7:29)

We discuss how after prolonged weakness the NWE naphtha complex has strengthened on stronger demand from petrochemical end users and for gasoline blending, in part switching away from rising propane prices.

July 2017

What has prompted the recent split in crude differentials in the Med sweet markets?

July 13, 2017 (4:33)

We discuss the recent uptick in differentials for the Med's light, sweet Saharan and CPC Blend and why that has not carried over into more distillate-rich Azeri Light.

IMO update: Latest news on the 2020 sulfur cap

July 10, 2017 (4:22)

Jack Jordan on the latest from the IMO's Marine Environment Protection Committee meeting and whether any clarity has emerged on how the 0.5% sulfur cap on marine fuels will be implemented in 2020.

June 2017

What role will China play in the North Sea crude oil market in Q3?

June 28, 2017 (5:33)

Platts editors discuss the changes in North Sea crude oil arbitrage to Asia, with a particular focus on the role China is likely to play as trading rolls into Q3 2017.

Saudi Arabia's new crown prince and the outlook for the kingdom's oil sector

June 22, 2017 (4:39)

Platts editors discuss what the Saudi appointment of Mohammed bin Salman means for its National Transformation Plan, including the sale of up to 5% of state-owned oil company Saudi Aramco through an IPO.

What next for the gasoline/diesel spread in Europe?

June 21, 2017 (7:19)

S&P Global Platts oil markets editors discuss the narrowing spread between gasoline and diesel in Europe, highlighting the trends having an effect on this well-watched relationship.

Fuel oil cracks and the OPEC effect

June 09, 2017 (4:58)

Joel Hanley speaks with fellow Platts editors Amandeep Dhir, Eleni Pittalis and Elza Turner about the impact that OPEC/non-OPEC crude cuts are having on fuel oil margins.

Sweet/sour crude spread in focus as Urals prices over CPC Blend

June 01, 2017 (6:50)

We discuss how the now-extended OPEC/non-OPEC cuts are impacting gasoil and crude markets in the Med, where light, sweet crude is now at a discount to higher-sulfur oil.

May 2017

Russia's ambitious aviation fuel plans take off at industry event

May 19, 2017 (13:43)

In the week of the IATA Fuel Forum, we reflect on an expanding Russian aviation footprint, the outlook for the global airline sector and jet fuel prices, and industry efforts to harmonize fuel quality standards.

What can the oil market expect at the OPEC meeting in Vienna?

May 16, 2017 (20:35)

In the inaugural episode of our OPEC Outlook podcast, we discuss what to watch for when OPEC's ministers meet on May 25 with their non-OPEC counterparts to review their oil output cut agreement.

Bulls and bears tussle in the oil supply/demand debate

May 12, 2017 (11:32)

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.

The forward curve reacts to IMO 2020

May 04, 2017 (4:49)

While the markets still try to digest the implications of the IMO's decision to move to a 0.5% sulfur cap for marine fuels from 2020, our reporters discuss the visible signs of market change.

April 2017

Upcoming West Africa sulfur reductions on oil product imports gather apace

April 27, 2017 (7:05)

S&P Global Platts oil markets team discusses clean product sulfur limit reductions in West Africa and the potential impact on European trade flows.

Asian buyers become major players in European crude oil markets

April 24, 2017 (10:20)

S&P Global Platts oil markets team discusses the growing influence of Asian buyers in the European crude markets.

May a big month for Iran amid rising crude oil output

April 13, 2017 (9:52)

Our editors shed light on the diversification of Iranian crude oil export destinations, as the country faces elections on May 19 and bids to lure in global expertise through a new contract model.

Med diesel, gasoil balances adjust after Saudi Aramco-EGPC rapprochement

April 06, 2017 (9:17)

We look at Saudi Aramco's recent announcement that it would resume exports of refined products, including 1,000 ppm sulfur gasoil, to the Egyptian General Petroleum Corporation.

March 2017

Global factors widen the Forties/Urals crude oil spread

March 29, 2017 (7:54)

Platts editors discuss the "exploding" price difference between two important crudes in North Europe -- benchmark Forties and Russia’s Urals.

Russia's falling fuel oil exports

March 16, 2017 (7:46)

We discuss how Russian refinery upgrades and a rise in export duty have led to a fall in exports for fuel oil. However, one product in particular is seeing a rise in exports.

Nigeria finalizes 2017 DSDP program as Africa seeks a cleaner fuel future

March 09, 2017 (11:35)

Our editors discuss Nigeria’s efforts to finalize the country’s second annual direct sale of crude oil and direct purchase of products program.

February 2017

The big oil issues for 2017

February 09, 2017 (13:18)

Ahead of the Platts London Oil & Energy Forum on February 20, our editors discuss matters such as OPEC’s output cut, West Africa’s clampdown on sulfur, and the new US president.

Libya: back on the road to supply security?

February 02, 2017 (7:04)

Once a N. African OPEC powerhouse for light, sweet crude oil, Libya is now riven by civil war and disrupted oil supply. We look at how the country is trying to pull itself back into contention as a supplier of crude into the Med and beyond.

January 2017

Russian Urals crude values remain strong on program release

January 26, 2017 (5:54)

We talk about the strength in Russia's Urals crude oil. With record crude volumes coming out of Russia, will December’s agreement with OPEC have a meaningful impact?

Low sulfur fuel oil 2017 power play

January 18, 2017 (4:09)

We discuss the current strength in low sulfur fuel oil in the Mediterranean, and the prospects for a fuel that faces an uncertain future in light of environmental regulation.

Naphtha starts 2017 with a bang

January 11, 2017 (5:22)

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?

US benchmark gasoline price climbs on surging exports to Mexico

January 10, 2017 (5:43)

Mexico’s higher gasoline prices for consumers is having a ripple effect through North American gasoline markets as the US exports more product to its neighbor.

Platts updates USGC high sulfur fuel oil assessment specs

January 03, 2017 (3:46)

Effective January 3, 2017, the Platts US Gulf Coast fuel oil assessment has been updated to reflect residual fuel oil intended for end-use by the bunker sector to meet maritime fuel demand.

December 2016

The impact of the IMO's 2020 sulfur cap: Interview with Ensys/Navigistics

December 22, 2016 (12:13)

The presidents of Ensys Energy and Navigistics Consulting talk to Platts about their study regarding the potential impacts of the IMO's 2020 global sulfur cap.

Life after sanctions: Iranian gasoil flows to ARA refining hub

December 14, 2016 (5:08)

S&P Global Platts editors discuss the nascent flows of Iranian gasoil into the ARA refining hub, where desulfurization opportunities have attracted the first shipments after a 10-year hiatus.

Will Russia back up leading role in OPEC, non-OPEC oil output deal with compliance?

December 12, 2016 (5:34)

S&P Global Platts editors assess Russia's role in the agreement between OPEC and non-OPEC countries to remove up to 1.8 million b/d of crude oil from the market to accelerate rebalancing.

Could new crude grades go into Dated Brent?

December 08, 2016 (5:30)

Platts editors Joel Hanley and Robert Beaman discuss the possibility of new grades of crude oil joining Brent, Forties, Oseberg and Ekofisk in the vital Dated Brent benchmark. Is Norway’s Troll the strongest candidate?

November 2016

SPIMEX’s Urals futures contract: A new benchmark for Russia?

November 30, 2016 (6:19)

Will international players help SPIMEX's recently launched Urals crude oil futures contract become a benchmark for Russian oil?

How Russia's privatization plans withstand the latest corruption scandal

November 21, 2016 (5:34)

Our Moscow-based oil editors discuss what impact the latest developments in Russia could have on the planned privatization of a 19.5% stake in Rosneft.

October 2016

Saudi Aramco's halt of oil product supply to Egypt surprises markets

October 18, 2016 (6:13)

Saudi Aramco recently stopped its open credit line to Egypt's EGPC halting the supply of refined products. We discuss developments with a focus on the impact on the oil markets.

Upcoming IMO decision on global sulfur cap could boost scrubbers demand

October 05, 2016 (12:55)

Interview with the head of Yara's scrubber business on the upcoming IMO emissions decision on whether to implement a global sulfur cap of 0.50% on marine fuels in 2020.

September 2016

How is Russia’s refinery modernization plan impacting heavy products markets?

September 21, 2016 (7:57)

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.

How are tighter emissions regulations impacting the global cruise liner industry?

September 05, 2016 (17:14)

Interview with Budd Darr, senior vice president of technical and regulatory affairs at Cruise Lines International Association, on how tighter emissions regulations are impacting the global cruise liner industry.

August 2016

Russia juggles oil privatization plans

August 23, 2016 (6:30)

S&P Global Platts editors discuss the rationale for the delay in Russia's Bashneft oil privatization plans and its implications for the market, now the authorities plan to sell a stake in Rosneft first.

June 2016

Russia's oil, gas drift to the East gaining momentum

June 08, 2016 (7:08)

Following numerous Russia-Asia economic events this spring, our editors assess the prospects of oil and gas cooperation with investors from several Asian countries.

Russia under sanctions: sentiment negative but situation manageable so far

June 01, 2016 (5:57)

As the EU is to debate the extension of oil sanctions on Russia in June, our editors in Moscow discuss the impact of the sanctions on the country's oil sector and the implications for both Russia and the EU.

May 2016

Russia's delayed refinery upgrades, tax maneuver take toll on throughputs

May 25, 2016 (9:51)

Assessing the changing profile of Russian refineries and exports, as lower crude oil prices, tax reforms, refinery upgrades and financing difficulties create a mixed outlook.

Crude markets across North America watch wildfires in Western Canada

May 10, 2016 (5:00)

Wildfires are still raging across northern Alberta, and the oil industry is grappling with shut-ins, forces majeures and price effects rippling through markets.

March 2016

US jet fuel industry works to pin down causes of off-spec fuel

March 08, 2016 (5:12)

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.

As arb from NWE slams shut, where will Med utilities get their fuel oil from?

March 08, 2016 (6:34)

Platts editors on why the premium of Med LSFO prices over NWE tumbled to its narrowest level in 20-months on the back of plummeting freight rates between the two regions.

Suffering oil majors face more pain from price slump

March 03, 2016 (6:58)

Platts senior news editors discuss how the oil industry is adapting following a Q4 2015 earnings season in which oil companies took another severe hit from low oil and gas prices.

February 2016

European 0.1% gasoil price boosted by Russian supply cut

February 08, 2016 (6:35)

Platts editors assess the recent change in gasoil flows from Russia, the main driver of the shortage which has pushed NWE gasoil physical premiums to a 3-year high.

January 2016

European jet fuel oversupply steals spotlight in 2015

January 13, 2016 (6:11)

With a tumultuous year for oil prices now in the rear-view mirror, Platts editors assess the structural shift observed on the European jet fuel market in 2015 and the outlook for 2016.

November 2015

Big oil hunkers down for 'lower for longer' prices

November 23, 2015 (10:49)

Following Q3 earnings in which oil companies have taken a severe hit from low prices, Platts discusses how the industry is adapting and some of the more surprising outcomes of the slump.

Middle East oil suppliers, Asia buyers building increasingly close relationship

November 18, 2015 (5:22)

Platts editors share key topics emerging from the recent Asian Ministerial Energy Roundtable in Doha.

Oil, gas players turn to Australia for takeover opportunities

November 16, 2015 (8:44)

It's almost summer in Australia, but that's not why oil and gas players are looking at it as a hotspot.

North Sea-Korean Forties arb volumes to hold up despite new freight rebate rules

November 12, 2015 (5:01)

Traders expect the winding down of freight rebates offered by S Korea to domestic refiners that import non-Middle Eastern crude to have minimal impact on North Sea oil exports to Asia next year.

European LSFO market turns bullish on higher demand, shift to sour crude

November 02, 2015 (4:25)

Platts editors examine the bullish turn in low sulfur fuel oil after months of decline, on the back of rising demand and lower volumes available.

October 2015

How Myanmar copes with growing demand for refined oil products

October 02, 2015 (6:42)

Platts editors discuss the challenges faced by Myanmar's ageing refineries in trying to meet oil products demand, the role of fuel imports in the domestic market.

September 2015

Japan looks beyond the Middle East for crude oil requirements

September 25, 2015 (4:14)

Japan buys bulk of its crude oil requirements from the Middle East. This year, however, the North Asian country has been importing cargoes from unconventional sources.

Barge transit hampered by critically low Rhine water levels

September 22, 2015 (6:21)

Platts editors discuss falling water levels on the Rhine River since mid-July, addressing rising NWE barge freight rates and the overall pricing impact of the situation.

New grades, falling price differentials boost Malaysia's crude oil market share in Thailand

September 18, 2015 (4:35)

From January to July, Thailand's crude oil imports from Malaysia surged by over 240% to 98,523 barrels per day from the same months in 2014.

Saudi Arabia plans to cut spending: is the drop in oil prices starting to bite?

September 09, 2015 (5:37)

The kingdom maintains its policy of defending market share, but will some oil projects be vulnerable to its spending cuts?

European refiners stave off maintenance on cheap crude, good margins

September 02, 2015 (4:46)

As Europe's refining sector nears the seasonal maintenance period end, many refiners are looking to postpone maintenance so as to capitalize on the currently strong margin environment.

August 2015

Northwest European fuel oil market weakens under supply pressure

August 19, 2015 (3:45)

Fundamentals behind an abundance of supply and lack of arbitrage opportunities which has seen NWE fuel oil market physical discounts deepen and the market contango widen.

Temporary suspension of oil tanker operations after Tianjin port blast

August 14, 2015 (6:56)

Platts editors look at how the recent explosions at Tianjin port in China are affecting the oil shipping market.

July 2015

Rotterdam fuel oil weak despite arbitrage loadings, prompt bunkers supported

July 30, 2015 (6:50)

Platts editors discuss the recent weakness and healthy supply of the Rotterdam high sulfur fuel oil market, despite the recent slew of arbitrage fixtures from the region.

Nigerian tanker ban sparks anger in shipping, oil sectors

July 23, 2015 (8:05)

Platts editors discuss the recent decision by the Nigerian National Petroleum Corporation (NNPC) to ban 113 crude tankers from loading at Nigerian oil terminals.

Russia refinery upgrades, tax reforms impact vacuum gasoil output, exports

July 16, 2015 (5:20)

Platts editors analyze the recent changes in Russia’s VGO output and exports in the aftermath of the tax reform and refinery upgrades.

European crude hits a sweet spot as the physical market tightens

July 10, 2015 (4:41)

Platts editors examine the factors behind a recent rise in physical crude oil differentials in the Atlantic Basin, focusing on the sweet crude market.

June 2015

Refiners, ship owners profit from North Sea crude glut as sellers struggle

June 17, 2015 (4:26)

Why are many North Sea crude oil cargoes floating stationary off the UK coast, and what does it mean for European refiners and the WAF crude market?

Asian oil demand growth doubles, but is it sustainable?

June 12, 2015 (7:32)

Platts editors discuss the highlights of Asia's strong oil consumption and the factors that could affect the region's appetite for more oil moving forward.

Kuwait, Saudi Arabia start offering crude oil on CFR/CIF basis to Asia

June 10, 2015 (5:06)

Platts editors explain how offering to pay for crude oil freight will work for the Middle Eastern sellers and their Asian buyers.

Outlook for Russia's relationships with oil producing group OPEC

June 03, 2015 (7:38)

Recently intensified consultations between the OPEC oil producing group and Russia, which is one of world's biggest oil producers and not a member of OPEC.

European jet fuel prices under pressure from rising supply

June 03, 2015 (5:32)

Assessing the recent oversupply situation in the European jet fuel markets and whether prices are on the rise in line with summer demand.

May 2015

Uncertainties remain in Nigerian gasoline market

May 28, 2015 (5:09)

Platts editors discuss recent developments in the Nigerian gasoline market, where concerns arose over the quarter on payments of subsidies to gasoline suppliers.

US refiners hoping gasoline margins remain high on summer travel demand

May 18, 2015 (7:45)

Summer driving season is about to kick off in the US, where refiners are cranking up capacity to churn out more gasoline. Editors touch on gasoline prices, cracking margins, unplanned outages, as well as spot and futures markets.

Saudi Arabia's political reorganization and its potential impact on global oil markets

May 15, 2015 (5:49)

Platts editors look at how recent political developments in Saudi and the separation of Saudi Aramco from the Ministry of Petroleum could affect international oil markets.

Rising crude prices prompt fears of disconnect with physical market

May 14, 2015 (7:51)

Platts editors analyze recent trends in Brent crude oil prices, focusing on a perceived disconnect between the rally in futures and the weak physical crude market.

Jet fuel specification change a thorn in European traders' side

May 8, 2015 (7:12)

Platts editors discuss the recent change in the European jet fuel specification and the serious implications for oil traders and pipeline operators across the continent.

April 2015

Russia refinery upgrades change face of European gasoil market

April 29, 2015 (5:38)

Platts European oil editors examine the changing face of the European gasoil market after Russian refinery upgrade projects led to lower sulfur gasoil exports.

Iran: What could its crude 'flood' look like?

April 23, 2015 (8:14)

Platts editors analyze the possible impact of the so-called flood of Iran's oil on the market once sanctions are lifted.

Short-term resurgence of Northwest European LSFO barge demand

April 17, 2015 (5:09)

Platts European oil editors discuss the surprising resurgence in Northwest European low sulfur fuel oil barge demand seen in the first half of April.

Widening crude import rights in China: A game-changer for independent refiners?

April 10, 2015 (3:56)

Platts editor Song Yen Ling analyzes China's policy change on crude oil import rights and its impact on operations of independent refiners.

Nigeria's oil industry at crucial juncture as new government takes over

April 10, 2015 (3:56)

Platts editors look at the impact of the recent election in Nigeria on the oil industry and on the physical oil markets.

Japan's gasoline margin improves to 4-year high, stable outlook ahead

April 06, 2015 (3:56)

Platts editors assess factors affecting Japan's refining margins.

Propane supply tight in Europe on lack of US exports

April 02, 2015 (4:12)

Platts editors analyze what is causing the tightness in propane supply in Europe and its impact on prices.

March 2015

European gasoline unseasonably firm following US strength

March 18, 2015 (3:44)

Platts European oil editors examine the gasoline seasonality switch from winter to summer specification and blending demand; whereUS gasoline strength has impacted European markets.

High freight rates limit strengthening of West African crude prices

March 12, 2015 (7:42)

Platts European oil and shipping editors examine the impact on the WAF crude oil market of the recent changes in freight rates; reduced use of VLCCs for floating crude storage.

February 2015

European marine gasoil demand increases on launch of emissions regulations

February 6, 2015 (8:01)

Platts editors discuss the recent change in shipping emission regulations that has led to increased demand for European marine gasoil and the growing interest in other alternative fuels and technologies.

Will 2015 mark China's reforms on oil product prices?

February 4, 2015 (6:03)

Platts oil team discusses the potentially big reforms in China's oil product pricing this year, and the challenges involved in implementing such changes.

January 2015

Impact from lower jet fuel prices on airline markets to fully manifest itself in 2016: IATA

January 29, 2015 (8:49)

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.

Will China buy more crude oil in 2015?

January 27, 2015 (3:30)

Yen Ling Song looks at the pattern of China's crude imports over the past years and discusses the factors that may affect the China's buying decision in 2015

Hedging prevents airfares from tracking European jet fuel costs

January 23, 2015 (3:52)

Platts editors discuss why European airfares have not fallen in line with jet fuel prices, focusing on why hedging in the paper market prevents certain airlines from benefiting from the price declines.

Floating storage opportunities emerge amid widening ICE Brent contango

January 14, 2015 (6:22)

Platts EMEA crude oil team discusses the widening contango on the ICE Brent Futures structure. As steep contango encourages traders to put Atlantic Basin, Persian Gulf and Asian crudes into inland and floating storage.

European LPG prices under pressure, increasing US exports

January 9, 2015 (5:45)

Platts European oil products editors discuss structural changes in the LPG market, focusing on increased propane exports from the US and the impact on the European market.

November 2014

Malaysia, Indonesia bite the bullet on fuel subsidies

November 27, 2014 (4:31)

Platts editors discuss the subsidy policy shifts, the impact on oil imports, and the domestic appetite for fuel in both countries.

Russian oil exports tumble ahead of 2015 tax changes

November 26, 2014 (9:05)

Platts editors discuss the upcoming changes to the Russian oil export tax scheme and their impact on both crude and product exports, the spot market and other effects.

NWE naphtha weakness reaches multi-year lows as demand struggles

November 21, 2014 (3:19)

Platts editors discuss the recent weakness in the European naphtha market with oversupply in Europe and low demand in Asia.

Bunker fuel market reaction to bankruptcy filing by OW Bunker

November 12, 2014 (5:32)

Platts editors discuss the recent OW Bunker bankruptcy and the consequences for the global bunker market; focusing on price, competition, finance, losses and other ramifications.

October 2014

Oil, shipping sectors react to challenges presented by Ebola outbreak

October 30, 2014 (4:53)

Platts editors discuss the impact on the oil and shipping markets of the recent Ebola outbreak in West Africa; and examine the steps taken by the shipping industry to continue loading operations in the region during this time.

From importer to exporter: China changing backdrop of jet fuel supply in Asia

October 16, 2014 (5:18)

Platts oil team discusses the growth prospect of jet fuel demand in China amid the rapid development of high-speed railway network; the product balance for jet fuel in China; and the factors that will likely affect jet fuel prices moving forward.

Russian 10 ppm diesel exports to Europe dip in October but are set to grow

October 13, 2014 (8:02)

Platts European oil editors discuss the temporary drop of Russian October diesel exports against the overall picture of steady flows to Europe and expected increase of volumes next year.

European naphtha sees regional overhang, lower demand

October 9, 2014 (2:52)

Platts oil products team discusses the recent weakness in the European naphtha market, where cheaper propane remains in the petrochemical cracking pool and good availability of naphtha creates an overhang in the market.

New and growing markets seen to absorb supply as oil refining landscape changes in Asia, Middle East

October 8, 2014 (5:18)

Platts senior managing editor for the Asian oil markets Jonathan Nonis on the impending glut in ultra low sulfur diesel and gasoline in the region.

September 2014

NWE gasoline climbs on regional refinery maintenance, increased arbitrage flows

September 30, 2014 (3:35)

Platts EMEA oil markets editors discuss the recent strength in the Northwest European gasoline market, where refinery maintenance has exerted upwards pressure on prices.

The challenges facing the African crude oil, refined product markets

September 25, 2014 (10:56)

Platts editors discuss the West African crude oil markets, focusing in-depth on the unique challenges and opportunities facing the African continent.

Mediterranean Urals crude differentials under pressure as arbitrage booms

September 18, 2014 (5:09)

Platts editors discuss the recent weakness in the Med Urals market, where crude differentials have dropped relative to the Northwest European market as incoming arbitrage barrels from the Persian Gulf and Latin America work to divert demand.

Asian companies gear up as Mexico opens oil, gas industries to foreign investors

September 15, 2014 (5:23)

Platts oil team discusses the growing interest of Asian companies in the oil and gas opportunities in Mexico.

Latest EU sanctions set to hit Russian oil majors

September 10, 2014 (7:51)

Platts editors discuss the likely impact of new EU sanctions against Russian oil companies, and how the likes of Rosneft, Transneft and Gazprom Neft might combat the measures.

The role of oil and gas in the Scotland independence debate

September 3, 2014 (6:35)

Platts news editors discuss the run-up to the vote on Scottish independence, how the future of North Sea oil and gas is at the center of the debate.

August 2014

Tanker markets feel impact from Libya crude loading restarts, Ebola crisis

August 20, 2014 (5:44)

Platts shipping editors discuss the impact on tanker markets of the restart of crude oil loading from the Libyan ports of Ras Lanuf and Es Sider; the latest developments resulting from the spread of Ebola in W Africa.

When will Kazakhstan's Kashagan be able to restart production?

August 13, 2014 (7:00)

Platts editors discuss the problems that hit the launch of the giant Kashagan oil field offshore Kazakhstan and the likely timeline for the field's restart.

Latest Western sanctions increase pressure on Russian oil, gas sector

August 11, 2014 (7:04)

Platts editors discuss the impact on the Russian oil and gas sector of ongoing Western sanctions against Russia and two court rulings in favor of Yukos former shareholders announced recently.

July 2014

European low sulfur fuel oil under pressure as refiners run sweet crudes

July 31, 2014 (3:28)

Platts' oil editors discuss the recent fall in the value of European low sulfur fuel oil relative to high sulfur fuel oil, with the recent glut of light, sweet crudes and subsequent fall in the value of the crudes, cited as a main factor in explaining the trend.

China's H1 2014 apparent oil demand edges up on year

July 25, 2014 (5:47)

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.

West African overhang brings down European crude market amidst poor margins

July 16, 2014 (3:17)

Platts editors discuss the biggest slide in Brent crude prices this year, including the impact of Chinese de-stocking on West African exports and the fragile recovery in European refining margins.

Shippers weigh options as US fuel emissions standards set to change

July 2, 2014 (5:31)

Platts editor John-Laurent Tronche explains how shippers traveling within 200 miles of US shores are just six months away from new emissions regulations, which will lower the amount of sulfur in fuel allowed within Emission Control Areas.

June 2014

Angolan crude values hit fresh lows on soft Chinese demand, weak refining margins

June 11, 2014 (4:23)

Platts crude oil editors discuss the recent low values seen in the Angolan crude market amid weak Chinese demand and tumbling refining margins.

Poor refining margins pressure European, West African crude values

June 4, 2014 (5:11)

Platts' European crude oil team discusses the recent reversal of fortunes for North Sea crude values, the bearish Med and Urals crude markets, stymied WAF crude arbitrage to China and an environment of poor refining margins across Europe.

May 2014

Baltic gasoil volumes find alternative outlet amid weak European demand

May 29, 2014 (2:30)

Platts' European oil markets team discusses persistent weakness in the underlying gasoil demand and how this weakness is being mitigated by Baltic gasoil volume bypassing European markets in May.

WAF freight rates weaken on oversupply, lack of Asian buying interest

May 20, 2014 (6:26)

Platts' EMEA crude oil team discusses the reasons behind West African VLCC freight rates languishing at their lowest levels for eight months.

US fuel oil markets change focus as traditional demand fades

May 16, 2014 (7:02)

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.

European gasoline weakens as US arbitrage opportunities shrink

May 15, 2014 (3:35)

Platts' European oil team discusses recent weakening in the European physical and paper gasoline markets, as weaker arbitrage opportunities to the USAC failed to absorb length, as well as the impact of W African gasoline demand in blending economics.

Regulations, reduced demand significantly diminish Japanese oil refining capacity

May 12, 2014 (8:08)

Platts editors discuss how operable capacity for oil refining in Japan has dropped roughly 20% on government regulations and waning domestic demand.

Oil reserves promising in rough offshore waters of Great Australian Bight

May 12, 2014 (6:00)

Platts editors discuss the Great Australian Bight and its large offshore oil reserves, as well as which companies are moving in, what sort of production challenges they may encounter, and when spudding is expected to begin.

European ULSD liquidity surges and looks set to remain strong

May 8, 2014 (3:09)

Platts' European oil products team on how liquidity in the European diesel market has surged in recent weeks amid strong buying from trading companies.

Japan, S Korea to maintain Iranian crude oil import volumes in 2014

May 8, 2014 (4:43)

Platts' Asian oil team analyzes Japanese and South Korean buyers of Iranian crudes having maintained their annual term contracts for 2014 at volumes unchanged from last year.

April 2014

US sanctions against Rosneft chief: limited impact so far, but could fall-out still hit markets?

April 29, 2014 (7:55)

Platts' oil news team discusses the move by Washington to add the CEO of Russia's Rosneft to its list of sanctions designed to put pressure on Moscow over the Ukraine crisis.

India's energy policy impacted by elections

April 23, 2014 (6:11)

Mriganka Jaipuriyar and Song Yen Ling discuss how India's upcoming election is shaping the country's oil and gas exploration policies.

Recent US gasoline strength and the prospects of European gasoline arbitrages

April 16, 2014 (4:13)

USAC is the traditional outlet for Europe's structurally long gasoline market, but an open arbitrage has been unable to translate in bullish fundamentals in NWE.

Changes in shale flows could mean changes to US crude storage hubs

April 9, 2014 (6:42)

Alison Ciaccio and Bridget Hunsucker discuss Cushing, Oklahoma, the basis for the NYMEX light sweet crude contract, and the possibility of starting new US futures contracts.

Chinese oil, gas companies take unusual step of cutting capex

April 9, 2014 (2:52)

Platts' Song Yen Ling assesses Chinese state-owned oil and gas companies' recently-announced investment plans, having taken the unusual step of cutting their capital expenditure.

March 2014

Interview with Port of Rotterdam Authority on bunker industry developments and outlook

March 25, 2014 (16:21)

Interview with the Port of Rotterdam Authority on the importance of fuel oil in the port of Rotterdam, reasons for the decline in demand of bunkers and developments and results to date of the sector wide bunker industry approach which commenced in 2013 in the port.

Rise and fall: Recent Urals crude volatility and the European market

March 19, 2014 (5:51)

Platts oil editors discuss recent volatility in Russia's Urals crude oil, focusing on the fundamentals driving this change; and examine the impact on European crude markets.

Russian diesel may struggle to sell in UK after importers enact new test

March 4, 2014 (4:31)

Platts EMEA oil products team discusses the recent decision by UK oil importers to enact a new test on diesel filter-blocking tendency, which could make it more difficult to export Russian diesel to the country.

Increase in demand for direct burning crudes from Japan seen following cold-snap

March 4, 2014 (3:02)

Record low temperatures in Japan are causing utilities to burn more direct burning crude for power generation. Platts Asia oil team discusses the continued pickup in demand for direct burning crude.

February 2014

Rise in West African piracy prompts boost to security off Angola

February 25, 2014 (3:02)

Platts editors discuss the shipping security measures now recommended by the Norwegian Maritime Authority, following the hijacking of a vessel off shore Luanda, Angola in January.

North Sea crude dented by West African imports, less Asian demand

February 24, 2014 (5:50)

Platts' crude oil team discusses the reasons behind the weak North Sea crude oil market, and looks at the developing relationship between Brent crude futures and the physical market.

Sinopec's planned divestment heralds non-state investment in oil sector

February 24, 2014 (3:55)

The Chinese oil sector is traditionally controlled by the state but this seems about to change. Platts discusses the advantages and likely impact of Sinopec's divestment plans.

Low sulfur fuel oil strengthens rapidly on regional outflows and refinery maintenance

February 12, 2014 (3:19)

Platts' European oil products team discusses the recent strength seen in NWE low sulfur fuel oil, stemming from regional outflows to the US due to unprecedented cold across the Atlantic and European refinery maintenance.

US remains main outlet for European gasoil

February 10, 2014 (2:32)

Ilana Djelal, associate editorial director, clean products EMEA, and Eline Potié, middle distillates editor, discuss trends and flows in the European gasoil market.

January 2014

Asian naphtha demand propels Med-Japan LR2 rate to record high

January 30, 2014 (3:57)

Wanda Wang explores how the West of Suez market and Aframaxes have pushed the rates up and shares market sentiments on the sustainability of the rates.

Record high dirty tanker rates impact European crude market

January 28, 2014 (6:22)

Platts oil markets editors discuss the factors that have contributed to the recent record strength in the dirty tanker market and its impact on crude oil differentials.

Asian Aframax rates jump as firm Med market attracts eastern ballasters

January 28, 2014 (3:48)

Sameer Mohindru discusses the performance of Aframax rates in 2013 and what events are rocking the boat for the market this year.

European distillate markets under pressure from rising US, Middle East oil supply

January 22, 2014 (8:32)

Platts oil products editors discuss a bearish start to 2014 for European diesel, jet fuel and gasoil, and assess the possible outlook for the domestic refining sector.

Chinese bunker sales drop on low Russian prices and sluggish market

January 22, 2014 (3:25)

China's bunker fuel sales were estimated at 10 million mt in 2013, a 10% decrease from 2012. Atsuko Kawasaki examines the reasons behind the drop and shares market expectations for the year ahead.

Libyan crude supply starts returning to market despite continued unrest

January 16, 2014 (4:40)

Platts crude oil editors discuss recent developments in Libyan exports, as some crude returns to market from the west of the country while exports from the east remain limited.

European vacuum gasoil markets soar on strong US demand and open arbitrage

January 9, 2014 (4:45)

Platts European oil products team discusses the recent strength on the European vacuum gasoil market and how the increase in US gasoline values and an open arbitrage has provided a huge boost to the VGO market in Europe.

European oil storage: Interview with Niels von Hombracht

January 8, 2014 (8:27)

Niels von Hombracht markets editor, a partner in a company called Downstream, discusses the most pressing issue for the oil storage market and trends driving storage issues for crude versus storage issues for petroleum products.

Chinese oil outlook: Potential room for growth for gasoil

January 8, 2014 (4:26)

Despite muted growth in demand in the past year, gasoil is one product to watch in coming months. Song Yen Ling examines the general outlook for Chinese oil demand and notable developments in the market.

December 2013

European propane markets highly volatile on shifting arbitrage

December 11, 2013 (3:35)

Platts European LPG editor assesses the recent volatility in the region's propane market, focusing on the impact of it on the European naphtha market.

European 50 ppm gasoil prices under pressure from extra Russian supply

December 6, 2013 (3:37)

Platts EMEA middle distillates editors discuss the falling European 50 ppm gasoil cash premiums, with Russian refineries having continued to modernize and now exporting less sulphurous gasoils, putting pressure on the market.

China set on building own VLGC fleet to secure LPG supplies

November 26, 2013 (5:27)

Ramthan Hussain looks at the importance of China’s move to build up its second-hand Very Large Gas Carriers fleet, in ensuring security of economically viable supplies.

November 2013

North Sea crude market boosted by renewed pull of Asian buyers

November 26, 2013 (4:41)

Platts EMEA crude oil team discusses the reopening of a major crude arbitrage route from the North Sea to South Korea and the impact it has had on the North Sea market.

European diesel prices pressured by record US exports

November 19, 2013 (4:12)

Platts EMEA middle distillates team leader Olivier Lejeune discusses the reasons behind the very low diesel prices seen in Europe with Charles Goldner, EMEA diesel editor.

Surging gasoline prices support stellar USGC cracking margins

November 18, 2013 (7:32)

James Bambino and Jeff Mower discuss the recent surge in gasoline prices and how its added fuel to raging Gulf Coast refining margins.

Petronas replaces Tapis crude with domestic grade basket

November 4, 2013 (4:22)

Platts Asia oil team discusses Malaysia’s new official pricing for its crude oil OSP Alpha and the move away from Tapis, exploring reasons for and market reactions to the move.

October 2013

VLCC freight rates for West-East routes rise on strong cargo demand

October 31, 2013 (3:51)

Platts EMEA shipping team discusses the factors affecting record high freight rates on very large crude carriers.

China’s gasoil exports set to rebound in Q4

October 25, 2013 (3:52)

Song Yen Ling, Platts Asia senior writer for oil news, shares the latest data on gasoil production in China, and looks at how the slowing economy is impacting demand.

UK Grangemouth refinery closed since last week; impact on oil prices

October 23, 2013 (4:14)

Platts EMEA crude editors discuss the market impact on oil prices of the closure of the UK's Grangemouth refinery since the week ended October 18.

Interview with the IMO on emission controls within the shipping industry

October 22, 2013 (11:17)

Platts interview with Dr Edmund Hughes, Marine Environment Division, International Maritime Organization, discussing feedback from the shipping industry on 2015 and 2020 sulfur emission controls.

US shale gas boom set to change Asian LPG landscape

October 18, 2013 (6:47)

Platts oil team discusses important shale gas developments in the US and price reactions to the increase in export volumes.

North Sea, West African crude arbitrage to Asia increases on strong demand

October 9, 2013 (4:28)

Platts editors discuss the reopening of the North Sea crude oil arbitrage to East Asia, focusing on increases in WAF and N. Sea flows east and the effect on typical trade routes.

Price hike for cleaner fuels to incentivize Chinese refiners, curb pollution

October 4, 2013 (5:27)

Song Yen Ling discusses the impact of China's plans to raise prices of cleaner transport fuels on producers and consumers, as well as reactions in the markets.

Falling prices making propane preferred petrochemical feedstock

October 3, 2013 (3:25)

Platts editors discuss the weakness in European propane prices on the back of US imports into Europe, and why European cracker operators are happy to switch from naphtha to propane.

US natural gas liquids market outlook

October 1, 2013 (14:57)

Platts US oil editors discuss the reasons behind increased ethane rejection, why there has been a bump up in propane exports, and propane prices relative to crude.

September 2013

Trans-Atlantic freight rates plummet on weak US gasoline imports

September 27, 2013 (4:23)

Platts EMEA shipping team discusses the factors affecting year-low Trans-Atlantic medium range tanker freight rates in light of European refinery maintenance, gasoline seasonality changes and an oversupply of MR tonnage in Europe.

Midwest refining margins for Canadian crude rise

September 26, 2013 (5:14)

Platts US oil team talks about how Midwest refining margins for Canadian crude and Bakken crude have risen lately, largely because of the relatively inexpensive supply of spot crude supply.

European crude markets come under pressure from returning Libyan supply

September 18, 2013 (4:50)

Platts EMEA oil team discusses the rapidly evolving situation in the Libyan crude oil market. What is the outlook for Libyan production and the impact on regional sweet crude markets?

European diesel market faced with plentiful supplies despite refinery maintenance

September 11, 2013 (4:21)

Platts EMEA oil products team discusses the state of the European diesel market, with trading house, Vitol, among others, capitalizing on rising US distillates production this summer by sending large volumes of US diesel to Europe.

Europe's refiners need clear EU direction on industry future

September 9, 2013 (13:21)

Platts interviews Michel Bénézit, the former Executive Vice President at TOTAL and now newly elected President of EUROPIA, on the ongoing challenges facing the European refining sector.

India to tread tough path in bid to cut oil imports

September 9, 2013 (7:27)

Mriganka Jaipuriyar discusses the effectiveness of India's policies to ease its account deficit, including scaling back demand and boosting iranian crude imports.

European and African light crude soars on the back of continued Libyan outages

September 5, 2013 (5:02)

Platts EMEA crude oil team discusses Libyan crude oil outages and the related strength in the European and West African markets and the outlook for the regional sweet crude market.

August 2013

The European Union mulls a tax-free regime for jet fuel imports

August 28, 2013 (3:53)

Platts EMEA oil team discusses proposals from the European Commission to make jet fuel imports into Europe permanently duty free.

Will Iranian crude supplies to Japan remain stable?

August 28, 2013 (3:53)

Takeo Kumagai, Platts Japan oil news editor, looks at reasons behind fluctuations in Japan's monthly crude oil imports from Iran in recent months, and the outlook for import volumes.

Asian LPG prices on uptrend on firm regional demand

August 26, 2013 (4:46)

Ramthan Hussain looks at asian LPG prices which have been close to a six-month high, and the reasons behind the recent strength.

Market impact of instability at Libyan ports and oil terminals

August 22, 2013 (3:09)

Platts EMEA oil team assesses the impact of strike action, shut-ins and force majeure in Libyan ports and export terminals on the Mediterranean oil supply picture.

NYMEX RBOB pops higher on inventory draw

August 16, 2013 (4:12)

RBOB futures moved higher on data showing a draw in US gasoline inventories, while news of progress to restart one of Libya’s ports after a strike limited upside in futures.

Urals crude supported at all-time highs as refinery maintenance season approaches

August 14, 2013 (5:45)

With refinery maintenance season approaching, the Platts European crude oil team discusses what factors continue to support the Urals market at close to all-time record highs.

Factors driving NWE HSFO following 13-year high backwardation

August 9, 2013 (4:09)

After Rotterdam high sulfur fuel oil backwardation breached 13-year highs in early August, Platts European fuel oil editors take a look at the factors driving the market.

July 2013

European diesel, jet fuel markets well supplied ahead of refinery maintenance

July 30, 2013 (6:28)

Platts European oil products editors assess current trends in the region's distillates markets ahead of the refinery maintenance season.

Changes in Omani crude and its impact on the market

July 26, 2013 (4:07)

Platts Asia crude oil team discusses the changes in Omani crude grade and its downward pressure on market prices.

European HSFO finds support from Singapore, LSFO remains weak

July 16, 2013 (4:37)

Platts EMEA oil team discusses what’s been driving the recent strength of the European high sulfur fuel oil market, while touching on the oversupply and lack of demand pervading the European low sulfur market.

High sulfur gasoil adjusts to its changing demand patterns

July 10, 2013 (8:58)

Tim Worledge, managing editor for middle distillates, and Mustafa Alaskari, Platts editor for gasoil, discuss the dynamics of the high sulfur gasoil market as it adjusts to changing demand and supply patterns.

Urals crude continues to strengthen on short European supply

July 3, 2013 (5:16)

Platts EMEA crude oil team discusses a continued rise in values for Urals in both Northwest Europe and in the Mediterranean, that has seen both regions approach all-time highs.

June 2013

Naphtha softens on lack of gasoline blending demand

June 20, 2013 (4:51)

Platts EMEA oil products team discusses the recent weakening in the naphtha market, as well as a limited seasonal strength in gasoline, and touch on low demand from the US gasoline market for European imports.

Highlights of the Asia Oil and Gas Conference 2013

June 14, 2013 (4:13)

Platts oil editors sum up the key takeaways from the Asia Oil and Gas Conference, held in Kuala Lumpur from 9 to 11 June.

Diesel, gasoline prices bolstered by reduced production at Med refineries

June 12, 2013 (7:06)

Platts EMEA oil products team discusses the current tight refined product fundamentals in the Mediterranean area. Traders say this could lead to higher refinery production from July onwards.

2013 high NWE Urals values amid continued atypical sweet/sour crude spreads

June 5, 2013 (5:51)

Platts EMEA crude editors discuss the recent 2013-high values of Northwest European Urals, the shortest Baltic export program in many years, the seasonal Russian refining and demand picture and ever evolving European sweet/sour crude spreads.

May 2013

Diversification of supply in the Asian LPG market

May 31, 2013 (7:10)

Ramthan Hussain, Platts asia senior editor for oil pricing, discusses the increase in competition amongst Middle Eastern producers and exporters in the near future.

Can asian paraxylene keep its balancing act?

May 29, 2013 (8:40)

Chua Sok Peng, Platts asia petrochemicals managing editor, discusses reasons behind PX build up in the next 3 years.

Changing European sweet and sour crude refining margins

May 21, 2013 (7:03)

Platts EMEA crude oil team discusses the recent changes in European refining margins, which have seen dramatic and interesting developments in the worlds of sweet and sour crude driven by both crude and oil product values.

Is the decline in US diesel exports expected to last?

May 16, 2013 (7:20)

Why have US distillate exports declined recently and what do strong diesel crack spreads mean for US refineries expanding operations? US oil markets editors discuss.

Changing tides: Healthy returns for clean tankers lures dirty tanker operators

May 14, 2013 (5:00)

Pradeep Rajan, team leader for Platts Asia Shipping and Freight, discusses the role reversal of both clean and dirty tanker markets and shares notable trends in the market.

Europe’s jet market labors under good supply picture, but duty changes raise uncertainty

May 14, 2013 (7:06)

Platts EMEA oil market editors discuss the state of the European jet market, as the physical jet market has seen a picture of strong oversupply and relatively poor demand; changes to the General Scheme of Preferences

Why the downtrend in Asian sweet crude?

May 10, 2013 (2:42)

Platts Asia crude oil team examines reasons for the downward trajectory of the Asia Pacific sweet crude market, and share their insights on what incoming West African cargoes could mean for Asia.

European diesel prices stay strong after refinery maintenance

May 9, 2013 (6:42)

Platts EMEA oil markets editors discuss the state of the European diesel market, which has showed unexpected strength despite the end of the refinery maintenance season.

Shifting product cracks alter sweet/sour crude spreads across EMEA

May 2, 2013 (8:31)

Platts EMEA crude editors analyze the recent tightening of the spread between sweet and sour crudes across NWE, the Mediterranean, and West Africa.

April 2013

Rising fuel oil cracks boost sour refining margins, sour crude demand

April 23, 2013 (3:19)

Fuel oil has been the brightest segment of the barrel this month, as most other European product cracks come under pressure. Platts EMEA oil team discusses why this is, and the implications for crude markets.

Poor US gasoline demand impacts European market, poor refining margins

April 18, 2013 (5:40)

Platts EMEA oil team discusses the recent fall in gasoline demand both in Europe and the US, and the impact that is having on European refining margins.

Japan's Iranian crude imports drop as refiners bide time waiting for US to extend sanction exemption

April 18, 2013 (3:21)

Platts Asia oil news team discusses the sudden sharp drop in Japan’s recent crude imports from Iran and the impact on Japanese refiners.

How Tier 3 gasoline will impact the US gasoline markets

April 10, 2013 (11:45)

Platts Houston oil editors discuss the new gasoline standards launched by the EPA proposing to lower the sulfur level in US gasoline to 10ppm by 2017.

Record high Baltic Aframax freight rates boosted by increased April Urals loadings

April 10, 2013 (4:44)

Platts EMEA oil editors discuss the recent record high Aframax freight rates out of the Baltic region and look at the impact this has had on Northwest European Urals and related crude markets.

Unexpected performance of clean and dirty tanker markets in first quarter of 2013

April 4, 2013 (5:52)

Pradeep Rajan, team leader for Platts Asia Shipping and Freight, looks at the performance of clean and dirty tanker markets in Q1.

Impact of July South Korean tax reform on North Sea crude arbitrage

April 3, 2013 (5:19)

Platts EMEA oil editors discuss the recent reform to the application of refined products’ tax in South Korea and its effect on a key Dated Brent crude, Forties.

March 2013

European jet fuel: highs and lows

March 26, 2013 (3:44)

Platts' editors assess the volatility in the NWE jet fuel market, focusing on refinery turnarounds tightening exports from the Persian Gulf to Europe, helping drive high prices.

Mediterranean Urals crude spread to Iraq's Kirkuk grade at widest margin since 2008

March 21, 2013 (5:08)

Platts' editors discuss the recent divergence in prices for Russia's Mediterranean Urals crude and Iraq's Kirkuk crude, which reached a level not seen for more than four years on increasing demand for Urals.

Impact of refinery capacity growth on Asian oil markets

March 18, 2013 (5:31)

Jonty Rushforth on the reasons behind changes in refinery capacity in the Middle East and their implications on the Asian oil markets.

Nigerian crude differentials hit fresh highs, but theft remains an issue

March 6, 2013 (6:37)

Platts' EMEA crude oil team discusses the recent high values seen in Nigerian crude oil and the outlook for the market in light of supply disruption in both Africa and Europe.

February 2013

Impact of narrowing differential on West Texas Sour crude

February 28, 2013 (5:51)

US editors discuss the current production levels of West Texas Sour crude in comparison to overall US crude production, why differentials have fallen and why WTS is in more demand by refineries.

Urals crude weakness spreads into North Sea Forties crude market

February 27, 2013 (6:45)

Platts' EMEA crude oil team discusses the reasons behind the recent weakness in the sour Russian Urals crude market, focusing on refinery turnarounds and production.

Factors contributing to Europe’s current naphtha market strength

February 21, 2013 (3:20)

Platts' EMEA oil team discusses the reasons behind naphtha’s recent strength and record physical premium over the front-month swap.

Europe, Russia still unaffected by upcoming refinery maintenance

February 14, 2013 (5:34)

Elza Turner and Olivier Lejeune, editors from the European oil team, examine the imminent maintenance of refineries in Europe and Russia.

Factors contributing to a recent surge in European gasoline prices versus diesel

February 5, 2013 (4:14)

Platts' EMEA oil team assesses the various factors that have contributed to a surge in European gasoline prices compared to diesel in recent weeks.

January 2013

NYMEX RBOB gasoline leads the complex in a tightening of refining capacity

January 31, 2013 (6:26)

Platts' New York oil futures team discusses what’s driving the rally and what lies ahead when demand starts to pick up in the summer months.

Diesel output set to rise as refiners complete upgrades

January 29, 2013 (7:30)

Platts' EMEA oil team discusses the impact of refinery upgrades on the European diesel market.

Hugo Chavez and Venezuela's oil markets

January 17, 2013 (4:08)

Platts' Houston oil team discusses the affect of Venezuelan President Hugo Chavez's reign, including how Venezuela has changed from a huge exporter to an importer of gasoline from the US.

North Sea crude facing up to South Korean arb and poor margins

January 15, 2013 (7:07)

Platts' EMEA oil team discusses the recent market dynamics in the key benchmark Dated Brent market, focusing on Forties crude production.

Fuel oil 2012 and outlook: fundamental changes on horizon

January 11, 2013 (10:45)

Platts' EMEA oil team looks at a tumultuous year for the European fuel oil market, starting with soaring premiums for high sulfur fuel oil and ending in a flood of supply.

December 2012

European refinery maintenance nears end, as diesel strength falters

December 12, 2012 (9:24)

Platts' EMEA crude and oil products team discusses the returning refining capacity and the impact it is having on the key oil product, diesel.

Clean tanker market stays resilient despite rocky 2012 demand

December 5, 2012 (5:44)

Pradeep Rajan, Platts' Singapore-based shipping team leader Pradeep Rajan explains how the clean tanker segment has stayed strong despite the Asian tanker market suffering in 2012.

November 2012

Impact of recent West African force majeure on crude grades

November 29, 2012 (4:13)

Platts' EMEA oil team discusses the impact of multiple force majeure on West African crude grades and the knock-on effect on North Sea crude grades and European refining margins.

Variable Buzzard field production dismays traders

November 13, 2012 (8:54)

Platts' EMEA oil team discusses the recent production problems at the UK’s largest oil field, Buzzard, which have had a large impact on Brent futures and North Sea physical crude prices.

How has Hurricane Sandy impacted US oil markets?

November 7, 2012 (6:15)

Alison Ciaccio, oil futures editor, and John Kingston, director of news, examine why oil prices have not spiked in the wake of Hurricane Sandy despite a tight supply situation.

What are the reasons for China's recent rebound in oil demand?

November 1, 2012 (6:15)

Platts' Song Yen Ling discusses the reasons for China's oil demand hitting record levels in September, and which products are showing the strongest growth.

October 2012

Reversing trends in the European diesel market?

October 31, 2012 (3:59)

Platts' EMEA oil team discuss the factors at play in explaining the current relative weakness of the Med ULSD market when compared to NWE; assess current strength in ARA barge market.

Low sulfur fuel oil weakens dramatically from Q3 highs

October 17, 2012 (5:09)

Platts' EMEA oil team discusses the reasons for the sudden drop in low sulfur fuel oil premiums, including trading houses' response to the end of refinery maintenance season.

Upgrades at Algeria's Skikda refinery, impact on European light ends

October 12, 2012 (5:33)

Platts' EMEA light ends editors discuss the effect of Sonatrach's on-going upgrade program at the 300,000 b/d Skikda refinery on the European gasoline and naphtha markets.

Dynamics driving prices in the European diesel market

October 4, 2012 (4:08)

Platts' EMEA oil team examines the dynamics driving prices in the European diesel market; examine reasons behind the significant loss of refinery capacity.

Could tight US gasoline supplies lead to a rise in gas prices?

October 1, 2012 (4:49)

Platts' US futures editor, Alison Ciaccio, discusses the impact on the physical gasoline market of supply disruptions in Venezuela and Canada.

September 2012

European jet fuel: the highs and lows

September 28, 2012 (8:39)

Platts' EMEA oil team asks what factors have triggered wide price fluctuations in the NWE jet fuel market over Q3 and consider how refinery maintenance and persistent backwardation has left Europe susceptible to supply shocks.

European low sulfur fuel oil: from strength to strength

September 18, 2012 (9:04)

Platts' EMEA oil team assesses the strength of the NWE low sulfur fuel oil market; focusing on recent events resulting in the highest backwardation in nearly a decade; and tracing the impact of regulation and refinery maintenance on the evolution of this market.

Low inventories, exports boost NYMEX heating oil crack

September 13, 2012 (6:33)

Platts editors discuss how the heating oil crack spread has recently broken through the $19 range, which is especially strong this time of year, as the market approaches peak heating oil season.

Low sulfur bunker fuel demand escalates in US

September 7, 2012 (10:06)

Platts editors look into the changing supply-demand balance for bunker fuel in the US following the introduction of the North American Emissions Control Area.

The rise and fall of Urals crude oil differentials

September 4, 2012 (7:13)

Platts' EMEA oil team assesses the factors behind the Urals crude differentials, shedding over $2.00/b versus the Dated Brent benchmark in just three weeks after touching all-time record highs in August.

August 2012

Venezuela fire and US hurricane fan European road fuel fears

August 28, 2012 (5:56)

Platts' EMEA oil team examines the influence that US Gulf Coast and South American refining capacity has over Europe’s gasoline and diesel markets as Tropical Storm Isaac crosses the Florida Keys into the Gulf, and fire rages at the huge Amaury Bay refinery in Venezuela.

European low sulfur fuel oil firm on N American Emission Control Area

August 22, 2012 (4:12)

Benno Spencer, EMEA dirty products team leader, and Ned Molloy, editor for EMEA fuel oil, discuss the impact of the North American Emission Control Area on European low sulfur fuel oil.

US drought affects corn use for ethanol production

August 10, 2012 (8:14)

Shameek Ghosh and Jeff Mower discuss the price of ethanol versus corn and the ramifications of gasoline prices at a discount to ethanol.

July 2012

Russian fuel oil/bunker prices firm

July 26, 2012 (6:48)

Elza Turner and George Martiniuc, Platts EMEA oil editors, discuss the rise in Russian fuel oil prices following lower export duty for August deliveries; and assess higher European fuel oil benchmarks.

Gulf Coast benchmark crude rallies reacting to wide Brent/WTI

July 17, 2012 (11:05)

Alison Ciaccio, oil futures editor, and Bridget Hunsucker, associate editor, discuss the factors surrounding rising Gulf Coast crude differentials and a widening Brent/WTI futures spread.

Diesel – a return to form?

July 17, 2012 (6:09)

Simon Thorne, Platts editorial director EMEA oil, and Andrew Bonnington, associate editorial director EMEA clean products, discuss a resurgent European ULSD market and the factors contributing to the market strength.

Outlook for European refining sector remains bleak

July 4, 2012 (10:35)

Platts EMEA oil team discuss the dramatic failure of Petroplus, Europe's largest independent refiner, which has focused attention on the ongoing plight of European refiners suffering under weak margins and wilting regional demand for fuels, with many refiners having closed in the region in the past decade.

June 2012

The Brent market in the face of global crude oversupply

June 27, 2012 (8:28)

Platts EMEA oil team discusses the current state of the Dated Brent market following the huge fall in oil prices seen over the months of April, May and June, and the return to a contango structure seen over the last few weeks.

US ethanol production at four-month high; the affect of the OPEC decision on crude futures

June 15, 2012 (9:10)

Jeff Mower, editor-in-chief of Platts Oilgram Price Report, Alison Ciaccio, futures reporter, Shameek Ghosh, US biofuels reporter, and John Kingston, director of news, discuss the ethanol price drop due to a well-supplied market, lower feedstock prices, and decreased demand; and the affect on the crude futures market of the OPEC decision to reduce production to its agreed 30 million b/d ceiling.

The divergent paths of gasoline and naphtha in Europe

June 13, 2012 (5:31)

Platts EMEA oil team discusses the current environment in the European light ends markets and the factors contributing to chronic weakness in the global naphtha market.

What does India's oil and gas consumption slowdown bode for the rest of 2012?

June 11, 2012 (9:56)

Platts Asia editorial direction, Vandana Hari, takes a closer look at India's declining oil and gas consumption, and the various implications of their lowered energy demands.

Factors contributing to weak spot freight rates in the shipping industry

June 7, 2012 (3:35)

Ellie Weir, Platts EMEA team leader for shipping, and Angela Velasco, discuss the various factors that have contributed to record lows in clean freight rates and depressed rates in the dirty tanker market.

Summer oil demand could hit decade-high for Japan in 2012

June 7, 2012 (7:12)

Platts team leader for markets, Hector Forster, speaks to Takeo Kumagai, Tokyo oil correspondent, about how Japan's crude and fuel oil demand for power generation could high their highest levels in almost a decade.

Examining the permutations of China's new deepwater drilling rig

June 1, 2012 (6:14)

Song Yen Ling, Platts senior writer for the Chinese oil markets, explains what China's latest unveiling of its own deepwater drilling rig means for their offshore drilling plans in the near future.

May 2012

European cracks tumble on low petrochemical demand, Asian weakness

May 30, 2012 (3:52)

Andrew Bonnington, Platts senior managing editor for EMEA clean products, explains the recent weakness and return to contango in the European naphtha market. Cheap LPG and thin Asian cracking demand are dampening appetite for European naphtha grades with little immediate prospect on the horizon for a rebound.

What does Seaway reversal mean for Midwest refiners?

May 18, 2012 (8:58)

The long-awaited Seaway Pipeline reversal has started, with crude being delivered from the glutted US Midwest to Gulf Coast refiners. What has the impact been on oil futures, and what could the reversal mean for Midwest refining margins going forward? Jeff Mower, Alison Ciaccio, and James Bambino discuss.

North Sea crude exports to South Korea continue unabated

May 10, 2012 (4:35)

Crude oil reporters Olivier Lejeune and Daniel Colover discuss the continuous flow of North Sea crude to South Korea seen since December 2011, which has increased European crude prices and limited refiners' profit margins for the benefit of UK and Norwegian oil producers, according to traders.

Sluggish economy drains NYMEX crude gains

May 8, 2012 (6:59)

Petroleum futures have tumbled over the past week, with NYMEX front-month crude down roughly $10/b since May 1. What's driving the decline? Jeff Mower, editor-in-chief of Platts Oilgram Price Report, and Alison Ciaccio, futures editor, explain what's going on.

Delta Air Lines becomes jet fuel supplier through refinery purchase

May 1, 2012 (7:52)

Jeff Mower, editor-in-chief of Platts Oilgram Price Report, Alison Ciaccio, futures editor, and Matthew Kohlman, US light ends editor, discuss the price impacts of Delta Air Line’s purchase of the 185,000 b/d Trainer refinery near Philadelphia from Phillips 66. The purchase will put more jet fuel and RBOB back into a tightening Atlantic Coast market, but comes with its own risks as the additional capacity could lower refining margins in the region.

Russian fuel exports rise in Q1 despite 60-66 tax regime

May 1, 2012 (7:50)

Elza Turner, Russian domestic market reporter, and fuel oil reporters George Martiniuc and Ned Molloy, discuss the impact of the new Russian tax regime on fuel oil export flows so far and why levels remain steady despite the less favorable duty.

April 2012

Oil Markets: RBOB gasoline futures on a bearish streak

April 25, 2012 (4:05)

Jeff Mower, editor-in-chief of Oilgram Price Report, and James Bambino, futures editor, discuss the recent decline, pointing to lower physical gasoline prices in Europe as well as renewed confidence in the market that supply will be able to meet summer demand.

Oil Markets: The impact of growing piracy in West Africa on the shipping industry

April 24, 2012 (6:14)

Ellie Weir, Platts EMEA team leader for shipping, and Eklavya Gupte, tackle the growing issue of piracy in West Africa and look at the reasons it has been increasing this year along with the impact that it is having on the shipping industry.

Oil Markets: No lag in Japan's LSFO demand

April 19, 2012 (9:01)

Takeo Kumagai, Platts Tokyo news correspondent, and Jonty Rushforth, senior managing editor, discuss Japanese demand for low sulfur fuel oil and its effect on the international markets.

Urals cracking margins in NWE hit highest level since 2008

April 17, 2012 (3:12)

Daniel Colover Platts EMEA crude oil editor and Ned Molloy Platts EMEA fuel oil editor, discuss how the Urals cracking margin in NWE has risen to the highest level since 2008 and how strength in the low sulphur fuel oil market has played a part in this rise.

Why are Chinese state oil companies stocking up on upstream oil and gas?

April 12, 2012 (7:52)

Song Yen Ling, Platts senior writer for the Chinese oil markets, discusses the overall upstream oil and gas reserves growth for Chinese state oil companies.

March 2012

The state of oil and products in the US

March 29, 2012 (6:05)

David Ruisard, Platts US light ends editor, and Esa Ramasamy, director of Americas oil for Platts, discuss why we shouldn't worry about $4 per gallon at the pump in the US.

Poor end user demand affects EMEA road fuels market

March 21, 2012 (6:08)

Platts EMEA oil team discusses how refining margins have improved recovering from the lows seen at the beginning of March after refinery run cuts, and current low retail demand for diesel and gasoline due to high outright values.

Slow demand and high stocks pressure European biofuels in Q1

March 21, 2012 (5:24)

Guilherme Kfouri, associate editor for Platts EMEA fuel ethanol, and Maria Tsay, assistant editor for Platts EMEA biodiesel, discuss factors that have been pressuring European biofuels markets in the first quarter of 2012.

How are shipping lines responding to record-high bunker prices?

March 15, 2012 (3:15)

Platts EMEA shipping team discusses shipping lines responding to record high bunker fuel prices at many ports and how the freight market is responding and how many ship owners increasingly prioritizing the cheapest ports for their bunkering operations.

Global refining margins sink as product prices lag crude gains

March 8, 2012 (7:53)

Jeff Mower, editor-in-chief of Platts Oilgram Price Report, and Tim Worledge, middle distillate team leader in London, discuss how refining margins have turned lower in March, turning negative in parts of the US and Europe, as refiners are paying up for crude supply.

Dichotomy of European high and low sulfur fuel oil values

March 7, 2012 (6:40)

Benno Spencer, team leader for European dirty products, Chris Vowden, senior EMEA oil editor and George Martiniuc, EMEA fuel oil editor, discuss the factors influencing the recent weakness of the European high sulfur fuel oil market and investigate the reasons behind the contrasting strength of low sulfur fuel oil.

Record high propane prices in Europe: Explaining the strength

March 1, 2012 (2:07)

Andrew Bonnington, senior managing editor for European clean products, and Derek Hardy, EMEA LPG editor, discuss the factors influencing the recent strength in the European propane market and the current balance of supply and demand.

February 2012

Japanese shipowners face challenges with Iran sanctions

February 29, 2012 (4:09)

Takeo Kumagai, Platts' Tokyo news correspondent, discusses the United States' push for Japan to cut imports of Iranian crude, in light of Japanese needs to maintain its power generation capacity post-Fukushima.

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