Page 12 - Platts Analytics News Today

The arrival of frigid weather across the US Northeast is fueling a rebound in New England’s forward gas market recently as stronger heating demand drives an uptick in the pace of LNG imports to the region. Over the past week, population-weighted temperatures in the Northeast have dipped to their coldest yet this winter at an ...

China’s combined exports of gasoline, gasoil and jet fuel in 2021 fell by 11.9% year on year to 40.31 million mt, data from the General Administration of Customs showed on Jan. 18, setting the stage for further cuts in 2022 as the country’s tight quota allocation targets loom. The country’s oil product exports have shown ...

S&P Global Platts Analytics expects the Middle East to struggle to reach net-zero targets as emissions from oil & gas are expected to rise.

European margins rose as increased natural gas supply tamped down the region’s record-high prices, reducing the cost for many of the plants dependent on the fuel to operate, boosting margins and increasing exports of refined products from the region, an analysis by S&P Global Platts showed Jan. 18. About 80% of all European refineries depend ...

Scarce slot availability in Europe and tepid demand in Asia pushed down US Gulf Coast FOB daily export cargo values for the fourth straight week Jan. 11-18. The drop was tempered by a further decline in shipping rates, which was supportive of netbacks. Traders said volatility in delivered prices was making it difficult to determine ...

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Politicians are in a bind over whether short-term fixes will work, or whether they need to hunker down for a long-term price surge.

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With the US Northeast keeping more gas in-region to meet elevated winter demand, slashing net flows to the Southeast, the impact to Southeast spot gas prices has been softened by a dramatic increase in flows from Texas. Successive cold snaps have pushed the average Northeast temperature into the 20s and low 30s Fahrenheit over the ...

US Gulf Coast FOB daily export cargo values slid for the third straight week Jan. 4-11 amid bearish price trends in destination markets, while imports into the Northeast were being buoyed by a recent cold front that lifted regional demand. Lower shipping rates, which have fallen dramatically over the last month and a half, and ...