Page 20 - Platts Analytics News Today

A rapid re-balancing of the European gas market looks an unlikely prospect in Q4 2021 as prices continued to reach fresh record highs deep into September. With storage stocks at historically low levels for the time of year, Asia beating out Europe for LNG cargoes, and Russia continuing to keep a lid on exports, there ...

The plan by OPEC+ to boost crude oil production by 400,000 b/d each month until December won’t be enough to cater to rising global oil demand and help build inventories, particularly in Asia, where more supply will be needed in the fourth quarter, the head of Vitol Asia said Oct. 3. “This tale end of ...

Energy industry prays for mild weather to avoid what could be a 'disastrous' winter

Gas-to-oil switching and improving demand in Asia amid tighter inventories could boost crude prices, currently at a three-year high, through October, before increased supply from the OPEC+ producer grouping and elsewhere limits upside, S&P Global Platts Analytics said in a recent report. The physical Dated Brent crude benchmark assessed by S&P Global Platts hit a ...

The future of crude oil is still bright until about 2030, when crude oil prices will likely hit peak demand, D V Mamadapur, executive director, international trade, Bharat Petroleum Corp. Ltd., or BPCL, said. “The COVID-19 pandemic has brought forward this peak demand by five years or so. The way we are going [ahead] into ...

Global oil demand seems poised to recover to pre-pandemic levels in 2022, but a sharp decline in upstream investments and OPEC’s cautious approach in lifting the group’s production volumes could lead to an undersupplied market next year, with Asian end-users and consumers mostly finding crude and commodities prices overheated, industry participants said at the S&P ...

Coal prices are hitting record highs. Here’s why that’s a ‘once in a generation’ opportunity

Some 200,000 b/d of sour crude are expected to hit the market from the US Strategic Petroleum Reserve from October through December, mere months after the US completed April-June deliveries averaging 180,000 b/d. The planned sale helps fulfill obligations to fund budget bills from 2015 and 2018 during fiscal 2022, which begins Oct. 1. “The ...

Expectations of improving global ton-mile demand, tanker fleet optimization during the second half of 2021 provide support to International Seaway’s performance after tanker owners faced an extended period of dismally low daily earnings during the second quarter amid the ongoing global pandemic and an early transition into the historically muted summer months, the company said ...

Written by rjs, MarketWatch 666Here are some selected news articles from the week ended 07 August 2021. Part 2 is available here.