Oil Markets

The US has ramped up its naval presence in the Caribbean, following several strikes against suspected drug smuggling vessels off the coast of major oil producer Venezuela. Yet oil prices have barely budged as Latin American production continues to ramp up. What is the role of Guyana and Argentina's emerging crudes, and how do flows to destinations like India fit into Trump's strategy? How are Permian operators responding to sustained low prices? Jeff Mower unpacks how low oil prices play into the Trump administration's military push in the Caribbean, along with Latin America oil markets reporter Jada Johnson and senior news reporters Ashok Dutta and Eamonn Brennan. Links: Vasconia FOB Colombia PCAGI00 Castilla Blend FOB Colombia AAVEQ00 Golden Arrowhead FOB Guyana GOLAH00 Liza FOB Guyana ALIZA00

In this Oil Markets podcast, we discuss the outlook for diesel and jet fuel/kerosene demand in Asia in the fourth quarter of 2025. This period is always critical, but as we approach the end of the year, a complex interplay of seasonal patterns, supply constraints, geopolitical developments, and economic factors is shaping the landscape. S&P Global Commodity Insights' market reporters, Ng Mei Huey and Pek Michele join Jonathan Nonis, associate director for clean refined products in APAC to discuss these factors and their impact in this podcast.

Following the resumption of Kirkuk crude exports on September 27, 2025, the oil markets are poised for significant shifts. This development marks a crucial turning point for the Mediterranean oil landscape, as the Iraqi grade reenters the market amid ongoing geopolitical dynamics and supply chain adjustments. In this episode, John Morley is joined by crude oil reporters Luke Stuart and Ernest Puey to explore the potential implications of this reintroduction. They will discuss how the return of Kirkuk crude could affect pricing, regional supply dynamics, and the broader impact on Mediterranean trade flows. Links: Bearish sentiment grows across Med sweet crude complex in oversupplied market (subscriber content) Iraqi Kirkuk's return to Europe could further pressure sour differentials (subscriber content) Kirkuk FOB Ceyhan AAEJD00 CPC Blend CIF vs CPC Dated Brent Strip AAHPL00

A jump in US crude exports has helped to boost prices for high sulfur fuel oil, supplies of which are currently tight. What is driving demand for US crude to South Korea and India? What is the connection between low US imports of heavy crudes and HSFO supply tightness? What is the short-term outlook for HSFO? And why is the Trump administration pushing back on international net-zero shipping fuels standards? Jeff Mower, director of Americas oil news, digs into these questions and more with oil news editor Binish Azhar and oil price editor Iman Koutani. Links: Interactive: Global bunker fuel cost calculator Platts WTI MEH AAYRG00 USGC HSFO Waterborne PUAFZ00 USGC VLSFO Barge $/mt AUGMB00

With European imports of products refined from Russian crude oil set to be banned in the beginning of 2026, the spotlight is on exporters such as India and Turkey, and how flows of diesel and jet fuel in the EMEA region are anticipated to change in the coming months. Gary Clark is joined by middle-distillate reporters Nadia Bliznikova and Aruni Sunil to delve into the shifting trade patterns of oil products and the latest market reaction to the soon-to-be imposed EU sanctions. Related stories (Subscriber content): European jet fuel regrade recovers with low refinery output, dipping imports ARA jet, kerosene stocks rise to 4-year high: Insights Global Global air passenger demand rises 4.6% on year in Aug: IATA AAVBG00 AAWYZ00 PJAAU00 PJABA00

In the wake of APPEC 2025, China's evolving oil demand and the impact on global shipping markets are in the spotlight. With China's oil consumption slowing and India's robust demand outlook, the intricate balance of these factors has major implications for global energy supply chains. Asia energy editor Sambit Mohanty sits down with head of China content Alice Niu and head of Asia shipping and freight pricing Pradeep Rajan. The team discusses how geopolitical tensions and strategic stockpiling are reshaping trade dynamics in Asia.

Dangote's RFCC outage has added additional length to the global fuel oil market, with Singapore blending significant volumes of feedstocks into their very low sulfur fuel oil bunkering pool. Host Gary Clark is joined by Charlie Wright, Joseph Jaffe and Kelly Norways to explore the impact of the outage on the fuel oil market in the EMEA and Asia regions.

As the US transitions to higher-volatility gasoline grades, refiners are adjusting their strategies to balance supply and demand amid seasonal maintenance and export pressures, which also have implications for butane demand. In this episode, the team unpacks the mechanics of the RVP transition, the impact of refinery issues in Mexico, and the growing demand for LPG in Southeast Asia. Jeff Mower, director of Americas oil news, discusses these seasonal shifts with light ends pricing manager Sarah Hernandez, LPG price reporter Hunter Marrow, and senior oil news reporter Janet McGurty. Links: US gasoline RVP calendar Gasoline Unleaded 87 USGC Prompt Pipeline AANY105 Butane FOB ARA PMAAC00 ULSD USGC Prompt Pipeline AATGY00

During the summer season, warmer temperatures and muted levels of demand should traditionally bring length to the LPG markets. This certainly appears to have materialized in the propane markets, but a tightness in the butane market seems to be painting a different picture. How has supply been affected over the summer months, and what can we expect from the LPG market in the short-term with re-emerging trends such as winter gasoline blending? Join host Gary Clark in a conversation with frontline reporters Geraint Moody and Matthew Tracey-Cook.

APPEC to look at Asia's changing energy narrative amid tariffs and transition Navigating trade, technology and transition—that's the theme of this year's Asia Pacific Petroleum Conference, or APPEC 2025, by S&P Global Commodity Insights. It is scheduled to take place during September 8-11 in Singapore, where CEOs, government officials and market experts will share their insights on geopolitical influences on energy markets, technological innovation, and disruptions, redefined decarbonization strategies and price outlooks. Delegates will also seek answers on how Asia is navigating a multi-faceted energy future to ensure energy security at a time when many countries are faced with high trade tariffs and sanctions on energy producers are either limiting or diverting energy flows. In this episode of Platts Oil Markets Podcast ahead of APPEC, Asia energy editor Sambit Mohanty discusses with Vera Blei, head of Market Reporting and Trading Solutions, Calvin Lee, head of Asia Content, and Pulkit Agarwal, head of India Content, some of the key themes that will dominate discussions at APPEC. Related links: APPEC 2025 - Register your interest