402 episodes

S&P Global Commodity Insights analysis of key oil price movements across the globe.

Oil Markets S&P Global Commodity Insights

    • Business
    • 2.7 • 3 Ratings

S&P Global Commodity Insights analysis of key oil price movements across the globe.

    What's next for oil following China's announcement of its 2024 targets?

    What's next for oil following China's announcement of its 2024 targets?

    Economic power-house China has set out 10 targets for 2024, which is pro-growth for oil demand, keen on energy security, and prioritizing accelerated industry modernization and development of new productive forces.
    In this episode of Platts Oil Markets podcast, Managing Editor for refined oil products, Wanda Wang has invited China experts Grace Lee, Asia analyst from the AltView team, Sijia Sun, Associate Director, China Oil Market, and Oceana Zhou, Oil Market Specialist, to discuss the oil-market related highlights following China’s “Two Session” meetings -- the biggest annual political gathering in the country, which happened over March 4-11.

    • 15 min
    A North Sea tale: Diving into UK oil and the Dated Brent benchmark

    A North Sea tale: Diving into UK oil and the Dated Brent benchmark

    Once a global powerhouse of crude production, the UK’s North Sea region saw its oil output decline accelerate to 12% in 2023, according to official data from the UK’s Department of Energy Security and Net Zero. The new figures come as the UAE’s Taqa revealed to S&P Global Commodity Insights that it plans to cease production at the Cormorant oil fields in 2024, a key component of Brent grade.
    In this episode of the Platts Oil Markets podcast: Joel Hanley is joined by Nick Coleman, Senior Editor for Oil News, and Sam Angell, Senior Editor covering the North Sea crude market, to discuss the outlook for North Sea oil production and the latest developments surrounding the global oil benchmark Platts Dated Brent.
    Content mentioned in the podcast:
    Infographic: Dated Brent February update 
    Continue viewing the infographics by subscribing to the S&P Global Platts Connect. Email ci.support@spglobal.com to learn more and subscribe.

    • 16 min
    Amid a changing oil narrative, is the spotlight shifting from China to India?

    Amid a changing oil narrative, is the spotlight shifting from China to India?

    Asian oil flows could witness drastic changes for the remainder of the decade amid growing belief that India will cater to the biggest share of incremental growth in demand in the region. The International Energy Agency has recently said that India's role in global oil markets will likely expand substantially, fueled by strong growth in its economy, population, and demographics, making the country the largest source of demand growth from now until 2030. And in the same period, oil demand growth in developed economies and China will initially slow down and then subsequently go into reverse. In a wide-ranging discussion with Asia Energy Editor Sambit Mohanty, S&P Global Commodity Insights senior market experts Kang Wu, global head of oil demand research, Pulkit Agarwal, head of India content, and Alice Niu, Head of China content, share their views on the potential drivers for the shift in demand that could redraw the oil map for Asia.

    • 28 min
    LatAm shuffles the heavy sour oil deck in the Americas

    LatAm shuffles the heavy sour oil deck in the Americas

    Latin American crude production is on the rise, with countries like Brazil, Guyana and Argentina leading the way. However, Latin American heavy sour crude output is expected to decline, and flows will be reshuffled as Canada’s Trans Mountain crude pipeline expansion starts up and as operations begin at Pemex’s Olmeca refinery. Why is heavy sour crude output declining, and what does the output decline and reshuffling of barrels mean for crude prices? 
    SPGCI's Americas oil news director Jeff Mower discusses these questions and more with oil research analysts Stephanie Rivera and Nick Blanco and crude pricing director Beth Brown.
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    Related content:
    Latin America Short-Term Outlook – Crude Oil (report)
    Liza FOB Guyana (price)
    Oriente FOB Esmeraldas (price)
    Western Canadian Select at Hardisty (price)

    • 18 min
    A tale of two gasoils: Diesel and gasoil and a widening sulfur spread

    A tale of two gasoils: Diesel and gasoil and a widening sulfur spread

    As the European ultra-low sulfur diesel complex rallies on concerns around Eastern resupply unable to pass through the Red Sea, gasoil – its high-sulfur counterpart – is under unusual pressure.
    In this episode of the Platts Oil Markets podcast, editors Natasha Tan and Nadia Bliznikova discuss recent trends with Francesco Di Salvo.
    Further reading:
    Med ULSD-gasoil spread at 14-month high on tight diesel, weak gasoil (subscribers)
    Related price assessments:
    AAVJJ00 - Gasoil .1%S (1000ppm) CIF Med Cargo (NextGen MOC)
    AAUQC00 - Gasoil .005%S (50ppm) FOB ARA Barge (NextGen MOC)
    AAWYZ00 - ULSD 10ppmS CIF Med Cargo

    • 11 min
    Oil companies talk up slowdown in US production growth

    Oil companies talk up slowdown in US production growth

    Following a 1 million b/d growth in US oil output in 2023, oil producers and service companies have been warning of slowing growth this year during their fourth quarter earnings calls. Will production surprise to the upside? And what would that mean for US refiners?
    In this episode of the Platts Oil Markets podcast, senior upstream editor Starr Spencer, senior refinery editor Janet McGurty and midstream editor Binish Azhar discuss these questions and more with host Jeff Mower, Americas Oil News Director.
    Further reading:
    ExxonMobil, Chevron tweak Permian operations while nearing 1 million boe/d output
    Volatile prices, slower growth seen tamping down Helmerich & Payne's 2024 rig count
    Valero sees wider coastal heavy crude differentials on heavy Q1 turnaround season

    • 21 min

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