Oil Markets

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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