Page 27 - Platts Analytics News Today

Forwards prices at the SoCal Gas city-gate are up sharply over the past month, following the announcement of summer-long maintenance work in the utilitys service area. Gains along the forward curve, though, have accrued disproportionally to the summer strip – potentially overlooking the risk to winter prices posed heavy reliance on storage during the upcoming cooling season. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Begi...

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India’s gasoline demand to stall as COVID-19 cases surge to record highs India’s strong rebound in domestic gasoline consumption will likely hit a roadblock in the near term, amid fresh lockdowns in several states as the country fights a renewed battle against COVID-19. New lockdowns have been imposed in several states across India, with the largest restriction placed on Maharashtra from April 14 until May 1, affecting approximately 125 million people in the state. Maharashtra’s capital c...

Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now New lockdowns have been imposed in several states across India, with the largest restriction placed on Maharashtra from April 14 until May 1, affecting approximately 125 million people in the state. Maharashtras capital city of Mumbai in Southwestern India has seen driving activity -- a proxy for gasoline demand -- plummet to 70% below baseline levels as of April 10, the lowest sin...

Amid market concerns for a drop in Brazil Center South sugar production, the S&P Global Platts assessment for the May shipment period, FOB Santos settled April 15 at 16.39 cents/lb, up 6.64% on the we

Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The PDH plant will be able to produce 843,000 mt/year of propylene, according to Samsung Engineering -- equivalent to propane processing capacity of about 1 million mt/year when running at a 100% rate, making it the worlds largest PDH plant, according to S&P Global Platts Analytics. Samsung Engineering will also build utilities and offsite facilities in a project slated for complet...

Crude oil will climb above $70; energy security could reappear on the radar Energy security concerns are bubbling beneath the surface. While OPEC+ can provide the necessary crude as demand recovers in the near term, there may be a lack of firepower from the rest of the oil producing fraternity further down the line. The recent rise in oil prices could be just what the world needs. The global physical oil benchmark Dated Brent is hovering in the low $60s/barrel, having risen more than 50 per cen...

TANKERS: Americas Panamax freight set to hold at 11-month highs as tonnage list replenishes Freight for the Americas interregional Panamax routes is poised to remain at highs not seen since May 2020, after a flurry of activity tightened the tonnage list the week ended April 9 and boosted freight for the 50,000 mt East Coast Mexico-US Gulf Coast route 41.36% from a low of $6.77/mt, or Worldscale 145. Sources attributed the spike in freight to a number of cargoes set to load or discharge at ports...

Increased retail fuel prices and fears of a COVID-19 resurgence have prompted refiners in India to slow crude runs. This week’s tracker also looks at the impact of maintenance on US LNG terminal utilization and possible reductions in biodiesel blending mandates in some countries due to rising vegetable oil prices. 1. Rising retail prices, COVID-19 ...

Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Month to date, wind has generated an average 381,000 MWh in the Southwest Power Pool and over 282,000 MWh in the Midwest Independent System Operator – both record-high monthly averages for the respective ISO territories, data from S&P Global Platts Analytics shows. Wind generation records across the central and plains states come as the National Weather Service issues red flag wa...