Page 7 - Platts Analytics News Today

For every 10% increase in crude prices, WPI in India increases by 0.9% - 1%: S&P Global Platts

For every 10 per cent increase in crude oil prices, the wholesale price index in India increases by 0.9 per cent - 1 per cent and the consumer price index by 0.4 per cent - 0.6 per cent.

After a string of weekly bullish draws from US natural gas storage inventories this year, analysts expect a pull roughly less than half of last year’s withdrawal for the week ended Feb. 18. Henry Hub futures, meanwhile, are strengthening as the summer strip inches above $4.50/MMBtu. The US Energy Information Administration is expected to report ...

The UK remains the highest priced region globally for low-carbon hydrogen production despite sharp drops in January, S&P Global Platts’ new interactive Hydrogen Price Wall infographic showed Feb. 21. S&P Global Platts Hydrogen Price Wall UK electrolysis production prices averaged around $20/kg in January, more than seven times the cheapest locations in Western Australia and ...

Oil’s climb towards $100/b may prompt Indian refiners to diversify their crude import basket as fears grow that a Russia-Ukraine conflict could disrupt flows and squeeze supplies in a market that is already feeling the pinch due to lower availability, the head of the Federation of Indian Petroleum Industry told S&P Global Platts. As geopolitical ...

Oil demand markers in most of the world’s biggest oil consuming countries recovered in the week to Feb. 14, according to mobility data, with markets emerging from the recent slowdown due to the impact of new COVID-19 related restrictions in Asia. Mobility in 13 countries representing about half of global oil demand averaged 9.7% below ...

Indian coal importers are bracing for another year of market volatility and supply upheaval as China’s efforts to absorb plentiful cargoes to make up for the Australian supply vacuum, as well as production hurdles at mines across the globe due to the pandemic, will keep the market on tenterhooks. Industry officials and analysts said that ...

US FOB Gulf Coast LNG cargo values slid during the week ended Feb. 15 as netbacks from destination markets narrowed due largely to lower prices in Europe and Asia. Mild weather and easing geopolitical worries, at least for the moment, were cited for the bearish signals in the market. Shipping rates remained relatively cheap, and ...

Bakken gas production continues to show upside as the rig count strikes its highest number in nearly two years while flaring and takeaway capacity improve. Bakken gas production averaged 3 Bcf/d during the final quarter of 2022, according to data released Feb. 14 by the North Dakota Department of Mineral Resources. Operators flared just under ...

US Gulf Coast coking margins have been surpassing the region’s cracking margins as distillate demand beats 2019 levels, European refiners seek lighter crudes and seasonal plant turnarounds begin to cut back output, sources said. Major US refiners agreed in their fourth quarter results calls gasoline and diesel demand has rebounded since the coronavirus pandemic downturn. ...