Page 30 - Platts Analytics News Today

Here are some more selected news articles for the week ending 27 February 2021. Go here for Part 1. This is a feature at Global Economic Intersection every Monday evening or Tueday morning. Please share this article - Go to very top of page, right hand side, for social media buttons. Looks Like We Made It - Propane and the 2021 Deep Freeze; Where Are We Now? --Here in Texas, the snow is melting, the power is back on, and some of us even have drinkable water. Well be dealing with the aftermath ...

Rebounding production, falling demand bring US gas prices back below $3 US spot natural gas prices dipped back into familiar territory in the $2 to $3/MMBtu range in Feb. 22 trading as the storm-driven supply crunch continued to ease amid rising production and falling demand. At midsession, cash prices at US benchmark Henry Hub were trading at $2.84/MMBtu, down more than $2 from the prior session’s settlement, data from Intercontinental Exchange showed. In the hard-hit Midcontinent region, pr...

Published February 22, 2021, 1:05 PM It will be another week that will be heavy on consumers’ pockets as the prices of gasoline products will go up by P1.20 per liter; and diesel by P0.95 per liter, based on the pricing adjustment notices sent by the oil companies. Kerosene, which is the other significant fuel commodity for both household consumers and other key industries, will also increase by P1.00 per liter this week. MB file photo. (Mark Balmores) As of this writing, the oil firms that ...

A top Iranian foreign ministry official on Feb. 21 said the US needs to remove its sanctions before talks can begin to revive the nuclear deal with world powers at a time when the Islamic Republic is expected to bring as much as 1 million b/d of crude back to the market by the end ...

Most of the projected 3 million b/d-4 million b/d of downed US crude oil production, which went offline after power failed and wellheads froze from brutally low temperatures and ice storms Feb. 14-15, could be restored by the weekend, S&P Global Platts Analytics estimated Feb. 16. The offline production estimate represented a peak on Feb. ...

Global oil market balances are a blind spot for the market. Despite eye-catching depletions in stocks at key hubs like Cushing and Fujairah, storage is stubbornly high. China’s uncertain appetite for another barrel-buying bonanza and a pool of excess diesel should keep oil watchers on high alert. After the April panic which saw Dated Brent ...

Spot natural gas prices across much of the Western US surged to record highs in Feb. 12 trading as arctic weather fueled extreme localized demand, pushing supply and deliverability to their physical limit. Hubs across the Midcontinent led the surge in prices again Feb. 12 as weather forecasts predicted the coldest temperatures in more than ...

The Midcontinent led the surge in US gas prices in Feb. 11 trading as a sharp rise in heating demand met with regional production freeze-offs, significantly tightening balances across the much of the Central US. In morning trading, cash prices at hubs in Kansas, Oklahoma and eastern Arkansas hit levels not seen since 2014, with ...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Weekly US crude exports averaged 2.62 million b/d of the week ended Feb. 5, down 866,000 b/d from the week prior, US Energy Information Administration data showed Feb. 10, as flows to Europe face steep competition from more competitive North Sea and West African barrels. The four-week moving average of export volumes also fell, dropping ...