Stay updated with breaking news from Platts Analytics. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Milder temperatures last week likely allowed more US natural gas supply to flow into storage, briefly pausing the rally in Henry Hub futures prices ahead of an anticipated ramp in summer gas demand. The US Energy Information Administration this week is expected to report a 96 Bcf injection to US gas storage for the week ...
Asia may gain an edge in negotiating bigger discounts for spot Russian cargoes, seal some long-term contracts, as well as witness the emergence of new buyers in the region, as the EU’s move to distance itself from those cargoes may create a problem of plenty for the leading non-OPEC supplier. The latest pledge by the ...
China’s gasoline and gasoil exports are likely to remain muted in June as Beijing is hesitant to release oil products export quotas in large quantities because of the government’s strong focus on domestic energy security in the wake of surging oil prices, market analysts and refinery trading sources told S&P Global Commodity Insights. Beijing is ...
Desperate times call for desperate measures, and for Asian governments it’s time to act rather than wait for oil prices to cool. After shelling out more than $100/b for months, Asia’s leading oil importing nations are running out of patience and are either slashing taxes or providing subsidies on fuels to ensure consumption does not ...
Iraq is looking to boost is oil production capacity to 5 million b/d by 2025, the country’s oil minister said during a visit to France, as OPEC’s second largest producers seeks to drum up foreign investments to help develop its oil fields. Iraq is seeking to further ramp up its oil production capacity to 8 ...