Page 2 - Platts Analytics News Today

The news that production at several offshore US Gulf of Mexico platforms is resuming after a brief outage last week has also boosted oil supply prospects amid Opec’s...

Russian gas flows to Europe plummeted to new lows in June after Gazprom slashed supply via the Nord Stream pipeline and cut off more buyers over a ruble payment dispute, analysis of data from Platts Analytics showed July 4. Russian pipeline exports to Europe in June via its main operational corridors — Nord Stream, Ukraine ...

The European gas market has never been in a more precarious state, with curtailed Russian supplies prompting numerous EU states to trigger emergency gas plans, a first step toward rationing. With Russian supply via Nord Stream at just 40% of capacity, and deliveries to be halted completely for annual maintenance on July 11-21, the outlook ...

An increasingly stretched OPEC and its allies on June 30 reaffirmed plans for a nominal 648,000 b/d production rise in August, as questions continued to swirl about how much crude oil the group will be able and willing to pump in the months ahead. Delegates told S&P Global Commodity Insights that ministers did not discuss ...

India’s diesel exports in May posted a growth of 15.2% compared with the previous month and are set to rise further, as the arrival of monsoon rains is expected to slow domestic construction activity at a time when refiners are reaping rich returns on the back of lucrative refining margins, trade sources and analysts said. ...

Saudi Arabia and the UAE have starring roles to play in the oil market this summer, as the only producers in the world holding any significant spare output capacity. But much of it is from untested fields, and as the core OPEC members face increasing pressure to tame the oil price rally, ahead of a ...

The Russian squeeze of the energy supplies has prompted the Europeans to scamper for new alternatives, and their attention is increasingly shifting to Iran.

The cut in Russian gas deliveries to a number of EU member states “underscores” the importance of collaboration between the US and the European Commission on ending reliance on Russian energy, US President Joe Biden and EC President Ursula von der Leyen said June 27. In a joint statement, the two presidents said immediate steps ...

This week we kick off with Chinese energy and commodity trends: in power generation, renewable share has grown at the expense of thermal, while steel markets are looking for signs of improving demand. Plus, a look at the pattern of US energy costs and recessions, and California low-carbon power generation. 1. China’s use of thermal ...

India is exploring options to sign term crude deals with smaller suppliers as well as Russia, a sign that triple-digit oil prices and a ballooning import bill are prompting New Delhi to look beyond traditional exporting regions, such as the Middle East, for term crude sourcing. As the country feels the pain of soaring oil ...