Mexico needs more upstream auctions to boost oil production: private operators
Keep the opportunities flowing: oil executives Would like to see more Pemex acreage available Regular…
Crude oil futures lower on EIA inventory build, rising tensions
Crude oil futures remained lower in mid-morning Asian trade Thursday after the Energy Information Administration…
Japan’s Cosmo Oil to halt supply of 1.0% sulfur A-fuel oil as early as Sep
Japan’s third largest refiner Cosmo Oil will halt the supply of 1.0% sulfur A-fuel oil…
Analysis: Dawn Hub’s premium to Chicago prices shows dip for summer months
Strong natural gas storage injections into the Upper Midwest this season has allowed the Dawn…
Ukraine resumes Druzhba oil pumping towards Hungary
Ukraine’s pipeline operator Ukrtransnafta said Tuesday it has resumed pumping Russian crude via the Druzhba…
Novorossiisk Urals crude sees higher level of organic chlorides, still on-spec
Russian Urals crude loading out of the Black Sea port of Novorossiisk contained higher levels…
Poland calls on Russia for ‘urgent’ moves to restore Druzhba oil line
Poland called on Russia Tuesday to take “urgent measures” to restore normal crude supplies through…
Pemex to further explore foothill oil, gas targets in onshore southern Mexico
Mexico’s state Pemex said Tuesday it will expand its exploration of a foothill trend along…
Crude oil futures lower on API data, geopolitical tensions
Crude oil futures were lower during mid-morning trade in Asia Wednesday amid a build reported…
Natural gas prices boosted Cal-ISO prices 24% in 2018: report
High natural gas prices are largely to blame for driving up wholesale electric costs in…
Kazakh Kashagan oil field to produce up to 400,000 b/d early June
Kazakhstan’s energy ministry expects crude output at the giant Kashagan field in the Caspian Sea…
North Sea crude production recovering from outages
Norwegian crude oil loadings were recovering Monday after the Oseberg field came on stream following…
Ukraine suspends Druzhba oil pumping on technical issues in Hungary
Ukraine has suspended pumping Russian crude via the Druzhba pipeline to Europe following a request…
Hot summer complicates Saudi Arabia’s oil balancing act
Saudi Arabia’s seasonal spike in domestic oil consumption to fuel power plants comes at an…
Steady crude runs should weigh on US crude supplies: survey
US commercial crude stocks are expected to have fallen 2 million barrels for the reporting…
Refinery margin tracker: Atlantic Basin refiners vie for crudes amid outages, contamination
US Atlantic Coast margins weakened last week as refiners returned from planned work while in…
Crude oil futures higher on expected US stock draw, OPEC cuts
Crude oil futures were higher during mid-morning trade in Asia Tuesday amid expectations of a…
Analysis: Permian natural gas producers cut production in May, lifting prices to positive territory
Permian Basin gas producers are dialing back production this month in an effort to shore…
Shell is latest oil major to monitor Iraq as US pulls some embassy staff
Shell on Thursday said it is closely monitoring the situation in Iraq, adding to the…
UK’s Flotta crude oil supplies shut in, adding to market tightness
The UK’s Flotta crude oil supplies have been shut in for repairs after hydraulic fluid…
US oil and gas rig count falls by six on the week to 1,065: Platts Analytics
The US oil and natural gas rig count fell by six to 1,065 in the…
US toluene prices face pressure amid weak chemical demand
US toluene prices remained under pressure this week as demand from the chemical segment was…
China allocates 2nd batch of 2019 oil product export quotas, raises year-to-date total 5%
China’s Ministry of Commerce has allocated the long-awaited second batch of oil product export quotas…
Crude oil futures rise on geopolitical tensions, looks to OPEC meet
Crude oil futures were higher during mid-morning trade in Asia Friday amid ongoing supply-side uncertainties…
Indian sugar exports lag behind target on weak global prices
Indian sugar exports continue to lag behind the government’s 5 million mt target for the…
EU repeals antidumping duty on US ethanol
The European Commission has repealed the antidumping duty of Eur62.30/mt on US ethanol imports, taking…
US EPA still aiming for June 1 approval of higher ethanol blend
The US Environmental Protection Agency said Wednesday it still plans to approve sales of higher…
Saudi Arabia blames Iran for oil attacks, as Houthis say they can do more damage: reports
Saudi Arabia is directly pointing the finger at long-standing geopolitical rival Iran for this week’s…
North Dakota oil output totals 1.39 million b/d in March, up 4% on month: state
North Dakota oil production in March totaled 1.39 million b/d, up 4% from February, but…
Analysis: US crude inventories climb 5.43 million barrels on rising imports: EIA
US crude inventories climbed 5.43 million barrels last week to 472.04 million barrels, as a…
Crude oil futures rise on geopolitical tensions despite stock build
Crude rises on geopolitical tensions despite stock build 0250 GMT: Crude oil futures were higher…
Saudi Aramco says East-West oil pipeline ‘fully operational’ after shutdown
Saudi Aramco said Thursday its East-West pipeline is fully operational, after being shut by drone…
Norway Oseberg oil shutdown extended, Statfjord still shut in
Norway’s Equinor has extended a week-long shutdown of the Oseberg oil field until Saturday, and…
OPEC expects tighter oil market amid renewed geopolitical tensions
OPEC’s analysis arm said Tuesday that it expects the global oil market to tighten further…
India data: April oil products demand up 0.3% year on year to 17.83 million mt
India’s oil demand in April rose 0.3% year on year to 17.83 million mt, or…
Factbox: Escalating attacks raise risk on Saudi oil supply
Tensions over threats to oil flows from the Middle East escalated Tuesday after an attack…
Venezuela’s Orinoco Belt crude production falls to 169,800 b/d
The combined crude production of Venezuela state PDVSA and its foreign partners in the Orinoco…
Attacks on Mideast infrastructure lift oil prices
Crude futures settled higher Tuesday, boosted by recent attacks on Saudi Arabian oil infrastructure, and…
Saudi Arabia shuts oil pipeline after attack in latest sign of rising Middle East tensions
Tensions over threats to oil flows from the Middle East escalated sharply Tuesday after an…
Crude oil futures fall on API data; supply tightness caps decline
Crude oil futures were lower during mid-morning trade in Asia Wednesday, amid a surprise build…
CHINA DATA: April crude throughput hits record high of 12.73 mil b/d
China’s refinery crude throughput rose 5.1% year on year to 52.1 million mt, or 12.73…
China to raise tariff on US LNG to 25% but excludes US crude from list
China will increase tariffs on US LNG imports to 25% from 10% effective from June…
US oil, LNG export buildout takes shape on Gulf Coast
The US energy sector is piecing together an infrastructure puzzle to connect booming onshore oil…
North Dakota plans lawsuit against Washington state over new crude-by-rail restrictions
North Dakota plans to sue the state of Washington over a new law there expected…
US shale oil production to climb nearly 83,000 b/d to 8.46 million b/d in June: EIA
US shale oil production is poised to climb by nearly 83,000 b/d in June to…
Japan sees no immediate impact on Mideast crude imports after ‘sabotage attack’: METI minister
Japan does not see immediate impact on its crude imports from the Middle East, following…
Crude oil futures largely stable after Trump comments on China trade
Crude oil futures were largely stable during mid-morning trade in Asia Tuesday after US President…
Indonesia’s Pertamina plans to import 11 mil barrels gasoline for Jun, lower from May
Indonesia’s state-owned oil and gas company Pertamina plans to import slightly above 11 million barrels…
Norway’s Oseberg oil, gas output fully shut down on ‘unplanned event’: Equinor
Norway’s state-controlled Equinor has fully shut down oil and gas production from the Oseberg complex…
Russia resumes Ust-Luga crude loadings after contamination shutdown
Russia has resumed loading Urals crude at the Baltic port of Ust-Luga following a contamination…
US sanctions more crude oil trade between Venezuela and Cuba
The US Treasury Department on Friday announced sanctions on two companies and two tankers it…
Argentina’s YPF shifts focus to shale oil to reverse overall production decline
YPF, the largest oil and natural gas producer in Argentina, is focusing on shale oil…
Dubai crude structure hits fresh high amid tighter sour crude complex
The Dubai crude structure hit a fresh near six-year high Friday amid tight spot supply…
China’s Hengli Petrochemical seeks spot crude as it looks to raise run rates
China’s 400,000 b/d Hengli Petrochemical (Dalian) Refinery is looking for spot crude cargoes from the…
Angolan president fires Sonangol chair, board members amid fuel shortages
Angolan president Joao Lourenco began a major shake-up at state-owned Sonangol Thursday, dismissing Carlos Saturnino…
Wettest day since Aug 2018 brings relief to parched UK sugar beet
The 15.4 millimeters of rain which fell Wednesday over the East Anglia sugar beet-growing region…
Japan’s Cosmo to supply 19 mil barrels/year oil products to Kygnus from 2020
Japanese refiner Cosmo Oil is set to start supplying 3 million kiloliters or 18.9 million…
Uncertainty still surrounds Colorado producers following oil, gas overhaul bill
Although Colorado passed a sweeping overhaul of the oil and natural gas permitting process for…
US oil and gas rig count falls 13 on the week to 1,071: Platts Analytics
US oil and gas rigs fell 13 to 1,071 the week ended May 8, S&P…
Washington governor withdraws support for Kalama methanol facility
Washington Governor and 2020 presidential candidate Jay Inslee has withdrawn support for Northwest Innovation Works’…
Crude oil futures higher on ongoing US-China trade talks, OPEC survey
Crude oil futures were higher during mid-morning trade in Asia Friday as markets remained focused…
Analysis: Indonesia may no longer require African, South American heavy crude
Indonesia recently decided to source all of its heavy crude oil requirements from domestic field…
Center-South Brazil H2 April sugar production expected down 55% on year: survey
The amount of sugarcane crushed in the second half of April in Brazil’s key Center-South…
Marathon Petroleum cancels Garyville coker project on bullish long-term heavy crude differentials
Marathon Petroleum canceled the construction of a new, third coker at its Garyville, Louisiana, refinery,…
Crude oil futures lower on growing tensions between US and China
Crude oil futures were lower during mid-morning trade in Asia Thursday, as the market focus…
Analysis: Oil majors post mixed Q1 results as oil prices soften
Western integrated oil majors posted a mixed set of first-quarter earnings results, with most continuing…
PetroChina sends its first ever 100,000 dwt gasoil cargo to Europe
State-owned PetroChina has shipped gasoil, for the first time ever, on a 100,000 dwt vessel…
Global crude oil supply uncertainties to test Brent at $70-$75/b for now: Goldman Sachs
Uncertainties about future global crude supply are likely to test a forecast for Brent crude…
Japan’s Fuji Oil to replace Iran oil; accounts for over 20% of requirements: president
Japan’s Fuji Oil’s Iranian oil requirements accounted for over 20% of its overall crude requirement…
Iraq’s SOMO raises June OSP differentials for most crude grades to multi-year highs
Iraq’s State Oil Marketing Organization has raised the June official selling price differentials for most…
OPEC pumps 30.26 mil b/d in April, as sanctions-hit Iran’s output falls: Platts survey
After four months of decline, tightening the oil market considerably, OPEC’s collective crude oil production…
Brazilian ethanol imports in April at highest level in 11 months: foreign trade secretariat
Brazilian ethanol imports in April were recorded at 230.7 million liters, a surge of 107%…
Kurdistan’s independence poll raises the heat in Iraq but what does it mean for oil?
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?
Northwest European propane prices buck traditional seasonal trends
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?
Jet fuel barges soar above $50/mt bucking traditional seasonal trends
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?
Jet fuel barges soar above $50/mt bucking traditional seasonal trends
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?
December Forties Pipeline System outage affects January North Sea-Asia crude arbitrage
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?
Asian kerosene strength brings fresh highs to European jet fuel prices
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.
What’s behind the Russian sour crude oil slump?
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.
Rotterdam overtakes Fujairah as world’s second bunker fuel hub
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.
Kurdistan’s independence poll raises the heat in Iraq but what does it mean for oil?
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?
Looking for the upside: CPC Blend crude oil at six-year lows
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?
Implications of US sanctions on Iran for Asian oil buyers
Our editors examine why China is likely to benefit the most out of the re-imposition of US sanctions on Iran.
Brazilian ethanol prices drop nearly 14% on favorable harvesting conditions
Hydrous ethanol prices in Brazil’s key Center-South region declined over 13.72% in the week to…
Asian MTBE flips into contango, first time in 4 months on crude oil’s losses
The Asian MTBE market flipped into contango Monday — the first time in nearly four…
US May benzene contract price settles 8 cents higher on month at 233 cents/gal
The US benzene contract price was heard to have settled 8 cents higher on the…
Mexican sugar production beats weekly estimate, tops year-ago week
Mexico produced 262,971 mt of sugar in the week that ended April 27, beating estimates…
Ukraine ready to resume oil supplies via Druzhba pipeline
Ukraine is ready to resume shipments of Russian crude oil to the EU, state oil…
Russia has started shipping clean crude to Brody for southern Druzhba deliveries: Novak
Russia began pumping clean Urals crude through the Druzhba pipeline to the Brody metering unit…
EIA boosts Brent crude oil price forecast 11% on tight market, supply risks
A tighter expected global oil market balance this summer and increasing global supply risks caused…
Brazil to produce 615.98 million mt of sugarcane in 2019-20: Conab
The National Supply Company (Conab) expects Brazilian sugarcane production to reach 615.98 million mt in…
STEO highlights: EIA boosts Brent forecast 11%, sees delayed Iran oil replacement
With US waivers expired, Iranian crude is likely to quickly fade from the world market…
Crude oil futures higher on EIA report, bullish API data
Crude oil futures were higher during mid-morning trade in Asia Wednesday, finding support from the…
Northwest European propane prices buck traditional seasonal trends
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?
Jet fuel barges soar above $50/mt bucking traditional seasonal trends
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?
Jet fuel barges soar above $50/mt bucking traditional seasonal trends
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?
December Forties Pipeline System outage affects January North Sea-Asia crude arbitrage
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?
Asian kerosene strength brings fresh highs to European jet fuel prices
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.
What’s behind the Russian sour crude oil slump?
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.
Rotterdam overtakes Fujairah as world’s second bunker fuel hub
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.