Page 19 - Platts Analytics News Today

India’s sharp revival in gasoline appetite to surpass even pre-pandemic levels has prompted its refiners to increasingly queue up to import lighter crudes in recent months, but the fourth quarter could see a tilt in the balance in favor of heavier grades as gasoil demand growth is expected to pick up speed. Traditionally, Indian refineries ...

Crude oil markets started the Oct. 18-22 trading week on a bullish note as the supply-demand outlook remained supportive for prices amid a continued easing in pandemic movement and border restrictions around the world, while investors weighed the possibility of a return of Iranian oil. ICE December Brent crude futures stood at $85.80/b at 0300 ...

Consumers around the world will feel the pinch of higher energy prices as demand outpaces supply, increasing the cost of travel, heating and food, S&P Global Platts analysts said. “We are going to see it feeding into all the commodities,” said Chris Midgley, global head of analytics, S&P Global Platts, noting that supply is working ...

The US soybean acreage in marketing year 2022-23 (September-August) is expected to rise with a simultaneous cut likely in corn acreage amid soaring fertilizer prices, according to analysts. As the fertilizer price indexes hit record highs, the input cost pressure on fertilizer-intensive corn planting will be markedly higher than soybeans in 2022, analysts said. As ...

A substantial retreat in global coal and gas prices will be necessary to take the heat off and alleviate China’s power crisis, although domestic measures will provide some near-term respite, analysts and market participants said Oct. 12 Coal and gas traders as well as market participants in the supply chain are not very optimistic that ...

Winter forwards prices at natural gas hubs across the US South Central region are surging this week, even as cooler weather and lower demand allow more supply to flow into storage. While the recent inventory build could narrow the region’s lingering deficit, record Gulf Coast LNG exports expected this winter promise to keep supply tight ...

Oil demand markers in many of the world’s biggest consumers remain on an upward trajectory as key economies continue to recover, lending further support to oil prices which have broken through the $80/b level this week to a fresh multi-year high. Global mobility, a barometer for gasoline and diesel demand, averaged 8.1% below pre-COVID levels ...

US natural gas storage fields have possibly posted the second triple-digit build of the year as milder weather dims demand, but key regions remain undersupplied, propelling prices higher, as the final full month of the injection season begins. The US Energy Information Administration is expected to report a 111 Bcf injection for the week ended ...

Asia-Pacific spot LNG prices hit a fresh record high Oct. 6, with the JKM benchmark surpassing $50/MMBtu for the first time ever as the gas price crisis in Europe grows more severe, increasing global competition for LNG cargoes. The JKM for November was assessed $16.655/MMBtu higher at $56.326/MMBtu Oct. 6. This was both the largest ...

Straining supply lines and under-investment in upstream will likely dog oil markets and support prices, with levels similar to current ones in a year’s time, the CEOs of commodity traders Vitol, Gunvor Group and Trafigura said at an industry event Oct. 4. Oil will likely be at $75/b, gas at the Dutch TTF hub, weather ...