Page 14 - Platts Analytics News Today

More deepwater exploration and project sanctions in the US Gulf of Mexico could be in store for the E&P sector during 2022 assuming robust oil prices hold up, according to analysts.

After 11 meetings in 2021 to manage an erratic oil market, OPEC and its Russia-led allies look to have no respite in 2022, as the coronavirus pandemic and geopolitics figure to keep ministers on their toes. By October, the OPEC+ alliance is hoping to complete its comeback from the record production cuts implemented in mid-2020, ...

The word ‘strategic’ in the phrase Strategic Petroleum Reserves is there for a reason and no one understands it better than Asia’s biggest oil importers. With the energy security aspirations of Asia’s biggest four oil importers—China, India, Japan and South Korea—perpetually vulnerable to global price gyrations, they have increasingly expanded their SPR capacity over the ...

More deepwater exploration and project sanctions in the US Gulf of Mexico could be in store for the E&P sector during 2022 assuming robust oil prices hold up, according to analysts. The roughly 12 deepwater US Gulf discoveries scored in 2021 could expand by a couple more next year, and several fields that have patiently ...

2022 poses to be a very challenging year for Nigeria. Africa’s largest oil producer faces a race against time to implement reforms needed to bolster exploration and check declining oil production as it fights a wave of divestments from international oil companies. The signing into law of the long-delayed energy legislation called the Petroleum Industry ...

Even as cases of COVID’s omicron variant continue to spiral around world, most market watchers remain sanguine that 2022 will be year when global oil demand finally catches up and overtakes pre-COIVD levels. The outbreak of the highly transmissible mutation may dent the pace of oil demand recovery but won’t derail its trajectory, appears to ...

US gas-fired power burn demand is poised to continue outperforming well into 2022 as low coal production and stockpile levels likely persist, limiting price-induced fuel switching by power generators. Fourth quarter to date, US gas-fired power burn has trended at close to 30 Bcf/d, outpacing the prior three-year average by 1.8 Bcf/d, or about 6%, ...

The year 2021 was spectacular for US corn, with prices up nearly 45% year on year, and fundamentals suggest that US corn values are likely to be supported in 2022. Tightening supplies, growing ethanol demand, and strong exports have provided support to prices which looks set to extend into the new year. US corn prices ...

Renewed market tightness in the latter half of 2022, rather than repeated warnings over a looming oil investment shortfall, could give fresh support to oil prices and add impetus to an eerily cautious investment climate. It would appear to be simultaneously the best and worst era to invest in the politically sensitive fossil fuel. Fears ...

The US soybeans supply in marketing year 2022-23 (September-August) is set to soar amid higher acreage transfer from fertilizer-intensive corn crop. With the fertilizer price indexes hitting record highs, the input cost pressure on fertilizer-intensive corn planting will be markedly higher than soybeans in 2022, analysts said. As a result, there could be a notable ...