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S&P Global Commodity Insights
S&P Global Commodity Insights analysis of key oil price movements across the globe.
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European low sulfur fuel oil under pressure as refiners run sweet crudes

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

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...
03:2731/07/2014
China's H1 2014 apparent oil demand edges up on year

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

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...
05:4625/07/2014
West African overhang brings down European crude market amidst poor margins

West African overhang brings down European crude market amidst poor margins

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...
03:1616/07/2014
Shippers weigh options as US fuel emissions standards set to change

Shippers weigh options as US fuel emissions standards set to change

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...
05:3202/07/2014
Angolan crude values hit fresh lows on soft Chinese demand, weak refining margins

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

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...
04:2211/06/2014
Poor refining margins pressure European, West African crude values

Poor refining margins pressure European, West African crude values

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...
05:1004/06/2014
Baltic gasoil volumes find alternative outlet amid weak European demand

Baltic gasoil volumes find alternative outlet amid weak European demand

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...
02:2929/05/2014
WAF freight rates weaken on oversupply, lack of Asian buying interest

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

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...
06:2520/05/2014
European gasoline weakens as US arbitrage opportunities shrink

European gasoline weakens as US arbitrage opportunities shrink

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...
03:3415/05/2014
Oil reserves promising in rough offshore waters of Great Australian Bight

Oil reserves promising in rough offshore waters of Great Australian Bight

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,...
05:5912/05/2014
Regulations, reduced demand significantly diminish Japanese oil refining capacity

Regulations, reduced demand significantly diminish Japanese oil refining capacity

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...
08:0712/05/2014
Japan, S Korea to maintain Iranian crude oil import volumes in 2014

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

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....
04:4208/05/2014
European ULSD liquidity surges and looks set to remain strong

European ULSD liquidity surges and looks set to remain strong

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...
03:0808/05/2014
India's energy policy impacted by elections

India's energy policy impacted by elections

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...
06:1223/04/2014
Recent US gasoline strength and the prospects of European gasoline arbitrages

Recent US gasoline strength and the prospects of European gasoline arbitrages

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...
04:1216/04/2014
US fuel oil markets change focus as traditional demand fades

US fuel oil markets change focus as traditional demand fades

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,...
07:0309/04/2014
Changes in shale flows could mean changes to US crude storage hubs

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

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...
06:4309/04/2014
Chinese oil, gas companies take unusual step of cutting capex

Chinese oil, gas companies take unusual step of cutting capex

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...
02:5109/04/2014
US sanctions against Rosneft chief: limited impact so far, but could fall-out still hit markets?

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

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...
07:5429/03/2014
Interview with Port of Rotterdam Authority on bunker industry developments and outlook

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

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...
16:2025/03/2014
Rise and fall: Recent Urals crude volatility and the European market

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

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...
05:5019/03/2014
Increase in demand for direct burning crudes from Japan seen following cold-snap

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

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...
03:0104/03/2014
Russian diesel may struggle to sell in UK after importers enact new test

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

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...
04:3004/03/2014
Rise in West African piracy prompts boost to shipping security off Angola

Rise in West African piracy prompts boost to shipping security off Angola

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...
03:0025/02/2014
Sinopec’s planned divestment heralds non-state investment in oil sector

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

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...
03:5524/02/2014
Low sulfur fuel oil strengthens rapidly on regional outflows and refinery maintenance

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

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...
03:1812/02/2014
US remains main outlet for European gasoil

US remains main outlet for European gasoil

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....
02:3110/02/2014
Asian naphtha demand propels Med-Japan LR2 rate to record high

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

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...
03:5830/01/2014
Asian Aframax rates jump as firm Med market attracts eastern ballasters

Asian Aframax rates jump as firm Med market attracts eastern ballasters

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...
03:4927/01/2014
North Sea crude dented by West African imports, less Asian demand

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

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...
05:4924/01/2014
Hedging prevents airfares from tracking European jet fuel costs

Hedging prevents airfares from tracking European jet fuel costs

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...
03:5123/01/2014
Chinese bunker sales drop on low Russian prices and sluggish market

Chinese bunker sales drop on low Russian prices and sluggish market

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...
03:2522/01/2014
Record high dirty tanker rates impact European crude market

Record high dirty tanker rates impact European crude market

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...
06:2122/01/2014
European distillate markets under pressure from rising US, Middle East oil supply

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

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...
08:3122/01/2014
Libyan crude supply starts returning to market despite continued unrest

Libyan crude supply starts returning to market despite continued unrest

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...
04:3916/01/2014
Floating storage opportunities emerge amid widening ICE Brent contango

Floating storage opportunities emerge amid widening ICE Brent contango

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...
06:2114/01/2014
European oil storage: Interview with Niels von Hombracht

European oil storage: Interview with Niels von Hombracht

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...
08:2813/01/2014
European vacuum gasoil markets soar on strong US demand and open arbitrage

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

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....
04:4409/01/2014
Chinese oil outlook: Potential room for growth for gasoil

Chinese oil outlook: Potential room for growth for gasoil

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...
04:2708/01/2014