Page 21 - Platts Analytics News Today

Here are some selected news articles from the week ended 17 July 2021. Part 2 is available here. This is a feature at Global Economic Intersection every Monday evening or Tuesday morning. Please share this article - Go to very top of page, right hand side, for social media buttons. Natural gas rigs at 15 mo high as prices hit 30 mo high; global oil shortage at 830,000 bpd; DUC backlog at 7.6 months Natural gas prices ended the week unchanged as strong export demand offset cooler weather and a ...

U.S. stocks were lower after the close on Friday, as losses in the Oil & Gas, Basic Materials and Consumer Services sectors led shares lower. Please share this article - Go to very top of page, right hand side, for social media buttons. The best performers of the session on the Dow Jones Industrial Average were Procter & Gamble Company (NYSE:PG), which rose 0.98% or 1.37 points to trade at 140.53 at the close. Meanwhile, The Travelers Companies Inc (NYSE:TRV) added 0.52% or 0.81 points to end a...

by Tyler Durden Thursday, Jul 15, 2021 - 09:00 PM In a time when Western superpowers are furiously pushing for a multi-trillion spending bonanza under the cover of global warming as a virtue-signaling justification, and holding lengthy G20 boondoggles in Venice (which miraculously still isnt under 30 feet of water) to demonstrate just how serious they are, China - the worlds biggest polluter - is doing its thing. On Thursday, the state-planning agency, the National Development and Reform Commis...

US crude, gasoline stocks expected to keep falling as demand grows The weekly streak of US crude oil inventory draws likely extended to eight for the week ended July 9 amid the busier summer driving season and an expected uptick in refinery demand, analysts surveyed by S&P Global Platts said July 12. Total US commercial crude oil stocks likely declined by 4.9 million barrels to 440.6 million barrels, analysts said. The draw would leave stocks nearly 7% behind the five-year average of US Energy ...

by Corey Lavinsky and Loren Puette (S&P Global) UK is scheduled to move to E10 as standard gasoline blend in September; UK’s proposed regulations allow a 5.5% blend to suffice as E10; E5 (97+ octane) will continue to be sold at service stations that offer 2 grades of gasoline for sale; We expect ethanol consumption to rise to nearly 14,000 b/d in 2021, supported by a jump in the fourth quarter as E10 use spreads In September, the UK is slated to move to E10 as its standard gasoline blend....

The efforts of Asian and European countries to address climate change and transition their economies toward cleaner energy sources will reshape two key demand centers for US LNG exports. Asia provides US LNG with plenty of room to grow market share, but the opportunities hinge on the US remaining a low-cost supplier. In Europe, US ...

The US natural gas industry is facing new urgency to keep its exported LNG cargoes attractive to consumer nations aspiring to meet net-zero carbon targets by 2050. As the global energy transition unfolds, US LNG will influence and be influenced by the international landscape for natural gas. The election of President Joe Biden has focused ...

US refining margins were mixed for the week ended June 4 as crude prices rose on stock draws and as increased refinery runs added to product stocks, an S&P Global Platts analysis showed June 8. The broad trend across the country showed a softening in cracking margins as gasoline demand slipped and stocks grew while ...

Oman LNG has signed an agreement with Shell to deliver the sultanate’s first carbon-neutral LNG cargo, the company announced in a series of Tweets June 8. The shipment will be made from Oman LNG’s export facility in Qalhat, Sur. “The cargo is the first carbon-neutral LNG from the Middle East using nature-based carbon credits to ...

US soybean planting at its homestretch, crop quality good: USDA US soybean farmers have quickened the pace of planting from last year and the five-year average amid favorable conditions in the Midwest, according to the US Department of Agriculture’s crop progress report, with crop quality assessed as good overall. A faster than average soybean planting, coupled with expectations of good crop quality, are likely to support the yield and overall production forecast of nearly 120 million mt for ...