Platts Analytic News Today

Net injections to US natural gas storage likely outpaced the five-year average last week, even as hotter temperatures fueled a spike in power demand and an overall tightening in the domestic supply-demand balance. The US Energy Information Administration this week is expected to report an 89 Bcf injection to US gas storage for the week ...

Milder temperatures last week likely allowed more US natural gas supply to flow into storage, briefly pausing the rally in Henry Hub futures prices ahead of an anticipated ramp in summer gas demand. The US Energy Information Administration this week is expected to report a 96 Bcf injection to US gas storage for the week ...

India saw its average refining run rates slowing marginally in March amid volatility in crude oil prices triggered by the Russia-Ukraine conflict, but analysts expect robust margins and a sustained revival in demand for oil products to lift overall year-on-year growth in throughput close to double digits. In addition to a sharp recovery in oil ...

The Nord Stream 2 gas pipeline appears, now, to really be dead in the water without ever having started commercial operations. After Germany on Feb. 22 suspended the certification process in order to review its position toward the project in terms of supply security, US President Joe Biden followed up by imposing sanctions against operator ...

OPEC and its allies continue to underperform their increasingly lofty oil production targets, with the group falling a record 700,000 b/d short of its collective quotas in January, according to the latest S&P Global Platts survey. OPEC’s 13 countries raised output by 150,000 b/d from December, pumping 28.19 million b/d of crude, while the nine ...

OPEC and its allies are largely expected to affirm another 400,000 b/d hike in crude oil production quotas for March when they meet Feb. 2, but sure to be weighing on the virtual discussions will be the elephant in the room — potential Western sanctions on Russia. Should those sanctions come to pass, the oil ...

Tensions between Russia and Ukraine are top of mind this week, along with China’s efforts to clear the air during the Lunar New Year holiday and ahead of the Winter Olympics. US natural gas production and low-alumina ore prices are also in focus. 1. Total shutdown of Russian gas to Europe highly unlikely: Platts Analytics ...

Amid soaring prices, Putin is planning a new pipeline to take gas east instead of west

The withdrawal from US natural gas inventories likely doubled the five-year average during the week of the Thanksgiving holiday as pulls were measured in all regions except the Pacific. The US Energy Information Administration is expected to report a 59 Bcf withdrawal for the week-ended Nov. 26, according to a survey of analysts by S&P ...

OPEC will begin its first formal discussions over its next secretary general when it meets Dec. 1, with heavyweight Saudi Arabia thought to back a change as the producer group struggles to contain a volatile oil market and withstand energy transition pressures. Sources told S&P Global Platts that Riyadh is supporting the candidacy of Kuwait’s ...