Oil Markets

In this episode, the Americas NGLs pricing team discusses Gulf Coast and Canada NGL market dynamics. Light ends manager Sarah Hernandez and LPG reporters Hunter Marrow and Marcus Still review conditions from 2024 that led to record-high export premiums and compare those conditions with the current market context. They also analyze changes in export flows amid geopolitical tensions and discuss possible summer challenges for the supply-demand balance of Gulf Coast and Canadian LPG. Links:Propane FOB USGC AAXIN00Propane Enterprise Mt Belvieu Mo01 PMAAY00Isobutane Enterprise Mt Belvieu PMAAB00 Isobutane Sarnia Mo01 AEDMF00

With European middle-distillate markets remaining well-supplied amid turbulence in the Middle East, the prospect of new legislation regarding the origin of European product imports provides fuel for thought for market participants. To discuss the latest developments in the middle-distillate markets, Gary Clark is joined by Virginie Malicier and Nadia Bliznikova with a sharp focus on diesel and jet fuel dynamics in the EMEA region. https://plattsconnect.spglobal.com/#platts/insightsArticle?articleID=5a322417-d739-41cc-b246-3bc5aebeb28a&insightsType=Top%20News https://plattsconnect.spglobal.com/#platts/insightsArticle?articleID=fb3a0446-6929-4832-a1c9-5329b050815c&insightsType=Top%20News  Jet CIF NWE Cargo PJAAU00 ULSD 10ppmS FOB ARA Barge AAJUS00 ULSD 10ppmS CIF NWE Cargo AAVBG00 ULSD 10ppmS CIF Med Cargo AAWYZ00

Tensions in the Middle East caused oil prices to spike and then fall, illustrating market volatility. The impact of U.S. military actions on oil supply dynamics is significant, especially regarding China and the Strait of Hormuz. The conversation reveals shifting demands for tanker sizes and the complexities of U.S.-Iran relations amidst continuing geopolitical friction. Increasing U.S. crude exports and the potential for rising oil volume from Iran add layers of uncertainty to global markets and diplomacy.

A sudden ramp-up in tensions as Israel and Iran exchange blows has proved impactful for oil markets in the EMEA region. In this episode of the Platts Oil Markets podcast, Gary Clark is joined by front-line reporters Joey Daly, Jan Kedzior and Dias Kazym to discuss how the volatility in the Middle East is shaping the European markets in crude oil, middle-distillates and light ends.

Vartika Shukla, a leader at Engineers India Ltd, joins energy experts Atul Arya and Nick Sharma from S&P Global Commodity Insights for a deep dive into Asia's energy landscape. They tackle the push for net-zero emissions while juggling energy security and fossil fuel growth. The trio discusses how national oil companies can drive the transition amid geopolitical challenges. They also explore the role of technology, particularly AI, and the balancing act required for different Asian economies to achieve sustainable growth.

The Memorial Day weekend in the US is often considered the kickoff to the summer driving season, a period of heightened gasoline demand where families take vacations and refiners profit on healthier margins. But how is the European supply and demand balance coping with changes in the global refining picture, as some European refineries shut down while production ramps up in Africa and further afield? Senior crude specialist Joey Daly speaks with European gasoline and WAF products specialist Matthew Tracey-Cook to discuss the current market dynamics in the Atlantic Basin and how they are affecting the European gasoline market.  The Refining Scenario Manager (RSM) allows for scenario modeling of any refinery globally, to optimize trading and operational decision-making.  Links: Platts Premium 10ppm FOB Rotterdam barges PGABM00 Platts Premium 10ppm FOB Mediterranean cargoes AAWZA00Platts Gasoline STS Lome ABNWG00 Gasoline exports to West Africa fall to 2-month low amid well supplied market (subscriber content)

Mexico is facing regional gasoline shortages as its refining system struggles to meet demand, deepening reliance on U.S. imports. With the Dos Bocas refinery not expected to reach full capacity until 2026, questions loom over the role of private importers in supplying the country with gasoline. In this episode of the Oil Markets podcast by S&P Global Commodity Insights, host Jeff Mower is joined by Sarah Hernandez and Sheky Espejo to break down the numbers, the policy shifts, and what’s next for Mexico’s fuel supply.

The proposed 2025 Section 301 actions by the US Trade Representative (USTR) against China’s maritime, logistics, and shipbuilding sectors could reshape merchant shipping trade. These historic measures include significant port fees and operational restrictions based on vessel ownership and cargo type. This unprecedented approach not only targets Chinese interests but also influences global shipping flows. Pradeep Rajan, associate editorial director for Asia freight markets at S&P Global Commodity Insights, discusses the implications of these proposals on the shipping sector and tanker rates with Sameer Mohindru, lead specialist for price reporting in Asia shipping & freight, and Fotios Katsoulas, director of tanker freight and alternative fuels.

In this episode of the Oil Markets podcast, host Joel Hanley is joined by front-line North Sea reporters Natasha Tan and Joey Daly to mark the second anniversary of US crude WTI Midland's inclusion in the Dated Brent benchmark and the current dynamics underpinning the North Sea markets. How has the addition of WTI Midland improved the robustness of the benchmark amid shifting dynamics in the Atlantic basin, and what are the latest developments between the regional North Sea grades and their American counterpart?

In this discussion, Felipe Perez, the Head of Latin America Fuels & Refining Research at S&P Global Commodity Insights, sheds light on Guyana's burgeoning oil industry. He explains how the new Yellowtail development will introduce 250,000 b/d of light sweet crude, positioning it as a competitor to US and Argentine exports. The conversation dives into the implications of current oil prices on Guyana's market entry and examines potential buyers for this emerging crude, along with the broader impacts on global refinery operations and US production trends.