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Oil Markets

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Aug 1, 2024 • 14min

Shifting flows: US diesel displaces Middle Eastern supply to Europe

Robert Perkins, a diesel flow expert, Nadia Bliznikova, a crack spreads specialist, and Rebeka Foley, an analyst on Atlantic economic conditions, dive into intriguing shifts in the diesel market. They discuss how US exports to Europe are soaring while Middle Eastern flows decline due to evolving demand. The trio highlights how geopolitical factors, changing consumer preferences, and macroeconomic influences are reshaping the diesel supply chain. They also touch on the implications of an impending US election on fuel pricing and demand.
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Jul 25, 2024 • 18min

Middle Eastern vs Russian crude - the tug-of-war to woo Indian refiners

Exploring the shift in India's oil imports towards Russian crude and its impact on traditional Middle Eastern suppliers. Analysis of market dynamics, OPEC agreements, compliance issues, and potential scenarios. Discussion on Middle Eastern exporters' strategies and OPEC production cuts.
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Jul 18, 2024 • 16min

How is Dangote's crude supply diversification disrupting global trade flows?

The Dangote refinery in Nigeria is set to shake up global trade flows with its quest for crude sources beyond its borders. As it ramps up production, the podcast discusses the impacts on gasoline distribution in West Africa. It highlights the decline of crude imports in Nigeria and the logistical challenges within refinery operations. The conversation also touches on the financial struggles of the Nigerian National Petroleum Corporation and how these challenges may reshape the fuel market.
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Jul 11, 2024 • 12min

A jet-setting summer crowns a new king of the barrel

Summer flying season has taken over for summer driving season. Jet fuel prices and demand have surged to record levels in June and July, and US officials report record-high numbers of airline passengers. Gasoline and diesel demand have largely been in line with seasonal norms, but US West Coast prices and demand have been dinged by increased adoption of biofuels and electric cars. Richard Swann, global director for clean refined products, discusses summer demand and more with clean products associate editorial director Matthew Kohlman and Americas middle distillates manager Jordan Daniel.
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Jul 4, 2024 • 12min

Navigating Russian oil flows amid tightening sanctions

S&P Global Commodity Insights' Francesco Di Salvo and editors discuss the impact of sanctions on Russian oil flows, including the rise in seaborne exports despite sanctions. Topics include changes in crude and product exports, price sentiment for Urals grade, and challenges faced by the G7 in controlling oil sales.
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Jun 27, 2024 • 12min

Is Asian jet fuel demand stalling as aviation recovery struggles for a lift?

The aviation sector post-pandemic recovery was seen as a bright spot for regional oil demand this year. However, with uneven recovery within the industry and underwhelming performance in key markets such as China, the growth in demand is expected to ease in the coming months. This demand slowdown could potentially send the jet fuel market into turbulent skies ahead.  S&P Global Commodity Insights’ Asia oil news editor Neo Rong Wei discusses Asia's aviation recovery and its impact on jet fuel demand and cracks with associate editor Lee Shu Ling, who covers Asia jet fuel/kerosene markets and Platts Forward Curve associate editor Ernest Puey.
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Jun 20, 2024 • 15min

Road fuel availability dampens price sentiment ahead of US driving season

Exploring the soft gasoline market amidst high refinery production and rising inventories. Discussion on the impact of returning refinery utilization on oil product spectrum. Analysis of bearish sentiment in gasoline market due to strategic reserve releases and ample supply in various regions.
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Jun 13, 2024 • 15min

Atlantic Canada’s offshore oil potential

Canada’s Newfoundland and Labrador province is sitting on an estimated 124 billion barrels in offshore crude reserves with access to global export markets, but needs investors to bolster output. Pulling in investors will likely be difficult considering other offshore opportunities in the Americas, including Guyana and Brazil. Will Equinor Canada take an FID on its delayed Bay du Nord project? What is the potential of ExxonMobil’s Persephone prospect? Americas oil news director Jeff Mower and Canadian energy reporter Ashok Dutta discuss these questions and examine the potential of Canada’s offshore. Links:  Register for APPEC 2024  
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Jun 6, 2024 • 22min

Decoding the OPEC+ meeting: crude output increases in 2024

Oil prices slumped after OPEC+ announced deals to ease voluntary crude output cuts in the last quarter of 2024 and extend group-wide production quotas into 2025. Market watchers are now closely monitoring quota compliance, global oil demand forecasts and non-OPEC+ supply growth. In this episode of the Oil Markets podcast, S&P Global Commodity Insights’ Rosemary Griffin, Payam Hashempour and Charlie Mitchell join Herman Wang to run through the key points of the group’s latest deals and the market reaction.   Links:Energy Security Sentinel™ Steady oil prices indicate uncertainty around OPEC+ plan to increase output in Q4 (subscriber content) OPEC+ extends voluntary cuts to September, sets phase-out schedule (subscriber content) Dated Brent - PCAAS00 Dubai Mo01 - PCAAT00
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May 30, 2024 • 20min

Mexico’s energy future hinges on election outcome

Mexico's presidential election on 2 June comes at a time of declining crude and natural gas production and uncertainty over the country's transition to cleaner fuels and more reliable power generation. If Claudia Sheinbaum wins, as is widely expected, will she continue Lopez Obrador's policy of restricting private sector involvement in Mexico's energy industry? Why has Mexico's crude oil production fallen to its lowest level in 40 years? Will Mexico continue to push to reduce its dependence on refined product imports? In this Oil Markets podcast episode, Jeff Mower, director of Americas oil news, is joined by energy reporter Sheky Espejo for a wide-ranging discussion on these topics and more.  

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