Page 10 - Platts Analytics News Today

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 ...

Europe has nine weeks of natural gas storage reserves at the current rate of withdrawal, with nine weeks of the winter delivery period remaining, an analysis by S&P Global Platts found, even amid the deluge of LNG being received. With Russian exports to Europe’s key trading hubs still constrained year on year, there is an ...

US crude oil exports are expected to rise in 2022 and exceed an average of 3 million b/d as North American production rises amid a higher oil and gas pricing environment. However, US exports will not spike as much as crude production volumes this year because domestic demand also is expected to increase with refineries ...

The oil market faces a precarious situation in 2022 amid renewed supply disruptions, intensifying geopolitical risks, dwindling OPEC+ spare capacity, and a rise in security incidents targeting oil infrastructure, analysts said. Oil markets have resumed their bullish trend and prices have hit multi-year highs, defying expectations that supply would outpace demand in the first quarter ...

In 2020, China banned the importation of Australian coal. With a phase down of coal expected, this could prove a permanent fixture.

Refinery margins across the United States fell for the week ended Jan. 21 as gasoline demand weakened, according to an analysis from S&P Global Platts on Jan. 24, due in part to bad weather which kept drivers off the road. According to data from GasBuddy, which tracks real-time fuel prices across the US, Canada and ...

US natural gas storage volumes likely registered the largest drop of the season for the week ended Jan. 21, flipping the surplus to the five-year average to a deficit, as an even larger draw is expected for the week in progress due to colder temperatures and production declines. The US Energy Information Administration is expected ...

China is likely to achieve the target of increasing the share of nonfossil fuels in primary energy to 25 percent ahead of the scheduled deadline of 2030, according to a projection by Platts Analytics, an industry research provider.

The surge in COVID-19 infections in several cities in India is likely to hit oil product consumption, but industry sources said crude demand may not see an immediate impact as the third wave of the virus is likely to lead to less severe restrictions compared to the second wave in 2021. Milder symptoms and better ...

Higher natural gas prices drove up Southwest Power Pool wholesale spot power prices to average 46% higher year on year in December and also pushed coal generation to the top of the fuel stack for 2021, narrowly beating out wind generation. Coal-fired power beat out wind-powered generation in 2021 despite expectations wind would top the ...