Page 8 - Platts Analytics News Today

The ongoing drought in Paraguay is expected to keep the Argentinian soybean crush well below capacity in the first quarter of 2022, analysts told S&P Global Platts, which could possibly support prices in near term. Severe drought in parts of South America, especially Paraguay, Argentina, and Southern Brazil, has stoked raw beans supply concerns for ...

Nigeria and the EU are to look at “all options” for increasing the supply of Nigerian LNG to Europe, as Brussels continues its push to engage with its gas supply partners amid the standoff between Russia and the West over Ukraine. Concern over Russian gas supply to Europe has seen the European Commission make significant ...

IT has been an impressive bull run for the oil market with prices flirting with US$100/barrel and this bullish momentum is expected to continue given supply-side risks emanating from geopolitical tensions, falling stock levels, low OPEC+ supply and shrinking spare capacity.

Eyes remain glued on developments in the Russia-Ukraine situation, and how tensions are affecting energy and commodity markets. Prospects for fossil fuels amid nuclear outages in France and Japan are also in focus. 1. Market shuns Russian barrels, while piling into Dated Brent What’s happening? Dated Brent, which reflects North Sea cargoes loading up to ...

BPs bonanza from Rosneft - which is Russias leading oil producer - comes amid a cost of living crisis.

BPs bonanza from Rosneft - which is Russias leading oil producer - comes amid a cost of living crisis.

US natural gas storage volumes fell by more than 200 Bcf for the fourth week, but milder weather could slow withdrawals in the weeks ahead as the Henry Hub summer strip remains above $4/MMBtu. Storage fields withdrew 222 Bcf for the week ended Feb. 4, according to US Energy Information Administration data released Feb. 10. ...

US FOB Gulf Coast LNG cargo values edged up during the week ended Feb. 8 as the country’s latest major liquefaction facility to start up prepared to export its first shipment. Total feedgas demand remained strong, supported by increased nominations to Venture Global LNG’s Calcasieu Pass in Louisiana. S&P Global Platts assessed the Gulf Coast ...

Energy diversity is bringing Russia and China together. China likes the idea of buying more natural gas from Russia so that it can avoid getting too dependent on its political antagonists in the United States and Australia. It seeks diversity of supply. Russia really likes the prospect of selling more gas to China to reduce its current dependence on export sales to Europe. It

The US natural gas market continues to tighten this month as frigid weather fuels a wave of freeze-offs across Texas and the Midcontinent, slashing domestic production and increasing the call on gas storage. Despite tightening fundamentals, the NYMEX futures market continued to sell off in Feb. 7 trading. Over the past week, freezing temperatures across ...