Oil Markets

S&P Global Commodity Insights
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Mar 4, 2014 • 5min

Russian diesel may struggle to sell in UK after importers enact new test

Charles Goldner, EMEA diesel editor, and Olivier Lejeune, EMEA team leader for middle distillates, discuss the recent decision by UK oil importers to enact a new test on diesel filter-blocking tendency. This could make it more difficult to export Russian diesel to the country. This is the latest in...
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Mar 4, 2014 • 3min

Increase in demand for direct burning crudes from Japan seen following cold-snap

Record low temperatures in Japan are causing utilities to burn more direct burning crude for power generation. Daniel Colover, Platts Asia crude oil managing editor, and Ada Taib, senior editor for oil, discuss the continued pickup in demand for direct burning crude in Japan even after the cold...
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Feb 25, 2014 • 3min

Rise in West African piracy prompts boost to shipping security off Angola

Ellie Weir, team leader for EMEA shipping and Shubh Shukla, West of Suez freight editor, discuss the shipping security measures now recommended by the Norwegian Maritime Authority, following the hijacking of a vessel off shore Luanda, Angola in January. This is the latest in a series of weekly...
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Feb 24, 2014 • 4min

Sinopec’s planned divestment heralds non-state investment in oil sector

The Chinese oil sector is traditionally controlled by the state but this seems about to change as China’s largest refiner, Sinopec, announced plans to seek investment for its oil product marketing and retail division. Song Yen Ling, Platts senior writer for oil and gas news, discusses the...
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Feb 12, 2014 • 3min

Low sulfur fuel oil strengthens rapidly on regional outflows and refinery maintenance

Benno Spencer, senior managing editor Europe and Africa oil and Marko Trtica, fuel oil editor, discuss the recent strength seen in Northwest European low sulfur fuel oil, stemming from regional outflows to the US due to unprecedented cold across the Atlantic and European refinery maintenance. This...
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Feb 10, 2014 • 3min

US remains main outlet for European gasoil

Ilana Djelal, associate editorial director, clean products EMEA, and Eline Potié, middle distillates editor, discuss trends and flows in the European gasoil market. This is the latest in a series of weekly podcasts aimed at highlighting significant news stories from around the energy world....
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Jan 30, 2014 • 4min

Asian naphtha demand propels Med-Japan LR2 rate to record high

Mediterranean-Japan freight rates have shot up over $3 million, the highest in over a year. Wanda Wang, Platts Asia shipping editor, explores how the West of Suez market and Aframaxes have pushed the rates up and shares market sentiments on the sustainability of the rates. This is the latest in a...
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Jan 27, 2014 • 4min

Asian Aframax rates jump as firm Med market attracts eastern ballasters

Aframax rates have risen sharply, promptin ships to ballast from the East to the West. Sameer Mohindru, Platts Asia senior editor for shipping and freight, discusses the performance of Aframax rates in 2013 and what events are rocking the boat for the market this year. This is the latest in a...
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Jan 24, 2014 • 6min

North Sea crude dented by West African imports, less Asian demand

The North Sea crude oil market has weakened dramatically as Asian buying interest dries up ahead of refinery maintenance. Platts' Europe and Africa crude oil Team Leader Robert Beaman discusses these developments with North Sea editor Ned Molloy and West Africa editor Eklavya Gupte. The team...
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Jan 23, 2014 • 4min

Hedging prevents airfares from tracking European jet fuel costs

Andrew Bonnington, editorial director for European and African Oil, discusses why airfares have not fallen in line with jet fuel prices, with Philippe Casey from the jet fuel desk. As the public outcry for lower airfares grows, Andrew and Philippe examine why hedging in the paper market prevents...

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