Page 31 - Platts Analytics News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The US Department of Agriculture has kept all US supply and use projections unchanged from November estimates, it said in its World Agriculture Supply and Demand Estimate report released Dec. 9. The US soybean yield forecast for the 2021-22 marketing year (September-August) has been estimated at 51.2 bu/acre, steady on the previous estimate in November, ...

India is witnessing strong petrochemicals demand recovery and the rise in crude prices is unlikely to create hurdles for the sector which is expected to grow faster than the country’s GDP in the foreseeable future, Janardhanan Ramanujalu, SABIC’s vice president and regional head for South Asia, Australia and New Zealand, told S&P Global Platts. He ...

Uncertainties on the potential impact of the omicron variant continues to grip markets this week. Our editors also keep an eye on oil prices after OPEC+ decided to stick to its planned production increase in January, the correlation between implied inflation and energy prices, and China’s steel demand. 1. Flight restrictions in response to omicron ...

China’s rush for long-term LNG contracts with the US has been triggered by record high spot LNG prices but the deals also reflect pent up demand for uncontracted volumes, attractive pricing offered by suppliers, the benefits of US LNG like destination flexibility and optimism about future demand growth. The deals come amid signs of cooperation ...

India’s gasoline output rose in October, with production hitting a seven-month high on robust local demand as driving activity accelerated, but a sense of cautious optimism prevails as the new COVID-19 variant omicron emerges worldwide, threatening to put brakes on this recovery, industry sources told S&P Global Platts. “The market is assessing the impact of ...