Platts


All posts for Platts

Dakota Access Pipeline races to start moving Bakken crude

Oil will likely flow through the Dakota Access Pipeline under Lake Oahe in North Dakota early next week. Barring any more twists or turns — and there have been plenty in the last seven months of this project — the contentious 470,000 b/d crude oil pipeline will start commercial service very soon t ...

OilVoice Press


Posted 2 days agoOpinion > PlattsDakota Access PipelineBakken crude

Lack of agreed methodology on OPEC compliance leads to confusion: Fuel for Thought

Based on the latest S&P Global Platts OPEC survey , the producer group's compliance with its pledged oil output cuts is 98.5%. It is also 111.5%. At the same time, it is 71.9%. Depending on how compliance is measured, the oil market is getting different impressions of how closely OPEC is stic ...

OilVoice Press


Posted 7 days agoOpinion > PlattsOPEC

Shale whacks struggling Brent

For a bunch of crude oils that collectively produce about a million barrels per day, the Brent, Forties, Oseberg and Ekofisk streams that collectively form the Dated Brent benchmark sure have a huge influence on global crude prices. Used as a reference point in about two-thirds of global oil ...

Easwaran Kanason


Posted 18 days agoOpinion > Brent CrudeWTIPlatts +1

OPEC giving up the gains

So far, OPEC compliance with its production cut goals appears to have been good, with cold weather and natural declines adding to reductions from non-OPEC producers, resulting in Russia being ahead of schedule. Some OPEC members have exceeded their compliance targets, notably Saudi Arabia and Kuwa ...

OilVoice Press


Posted 20 days agoOpinion > PlattsOPEC

Abu Dhabi finalizes once in a generation deal: Fuel for Thought

At the start of last week, Abu Dhabi finalized a 40-year deal that formally cemented the UAE's shift to Asia and struck a delicate balance in tailoring the deal to fit the needs of most stakeholders already in the concession. The Asia pivot has been ongoing for some time in terms of oil flows, but ...

OilVoice Press


Posted 22 days agoOpinion > PlattsAbu Dhabi

US border policy could curb travel amid already weak jet fuel demand

Uncertainty surrounding the Trump administration's efforts to harden the US border could cut into business travel demand this year at a time when jet fuel demand is already quite weak, at least according to travel agents surveyed in the US and Europe this month. Winter is typically a slow time for ...

OilVoice Press


Posted 22 days agoOpinion > Platts

Mexico turns to the Jurassic era for shale oil: Fuel for Thought

Mexico's plans to develop its shale oil resources have finally taken a step forward following years of largely fruitless efforts by the state owned company Pemex. Canada's Renaissance Oil and Russia's Lukoil are joining forces to develop the Amatitlan block of the Chicontepec region. They aren't ...

OilVoice Press


Posted 1 month agoOpinion > PlattsMexicoShale

China’s independent refiners could get regulated away: Fuel for Thought

China's regulatory pendulum has swung from supporting independent refiners by encouraging competition and deregulation to favoring state-owned oil companies, which could have the impact of regulating many of the independents out of business. In early 2015 China's independent refiners, or teapots, ...

OilVoice Press


Posted 1 month agoOpinion > PlattsChinaRefining

Full steam ahead for SOCAR Trading’s LNG-to-power strategy

The startup in January of LNG supplies to the small Mediterranean island state of Malta could be considered a mere drop in the ocean for the global LNG market. But for Azerbaijan's SOCAR Trading, it represented the beginning of a strategy that could see it partner with more energy-poor countries t ...

OilVoice Press


Posted 1 month agoOpinion > PlattsLNGSOCAR

Could 3-D printers hasten peak oil demand? – Fuel for Thought

A global transition away from oil and gas is well underway as booming renewable energy sources and electric cars portend major changes for the industry. Last week BP outlined the challenges ahead, but the company's crystal ball has yet to focus on the disruptive potential from what may be the bigg ...

OilVoice Press


Posted 1 month agoOpinion > Platts3D Printeroil demand

History repeats as US E&P operators grow by acquisition: Fuel for Thought

Barely three weeks into the New Year, US upstream merger and acquisitions have sizzled as players in a charged-up industry, hungry to get moving after two-plus years of low oil prices and curbed activity, position not just for the up-cycle but the next decade or two. Overwhelmingly, the Permian B ...

OilVoice Press


Posted 1 month agoOpinion > PlattsAcquisition

Permian returns are producing all of the oil drilling drama

In the last year, commodity prices have improved considerably. While oil prices were sub-$40/b in early 2016, producers were cutting back on new drilling and focusing on efficiencies — by cutting costs and concentrating drilling in the highest initial production (IP) rate counties — to get the most ...

OilVoice Press


Posted 1 month agoOpinion > PlattsPermian

Libya: an OPEC wildcard?

Libya has the potential to upset the OPEC apple cart, and early expressions of high levels of compliance with the cuts agreed by OPEC and associated non-OPEC producers should be taken with a pinch of salt. According to an interview with S&P Global Platts' Eklavya Gupte January 24, chairman of Li ...

OilVoice Press


Posted 1 month agoOpinion > PlattsOPECLibya

Crude correlations about crude oil can shed light on changes

Statistical correlations are interesting things. One of my favorite websites, and now a book, is Spurious Correlations . The site's author looks at seemingly unrelated data sets that correlate in interesting ways. For example, there is a high degree of statistical correlation between the per capita ...

OilVoice Press


Posted 1 month agoOpinion > PlattsCrude

African LNG: next wave potential

A string of new LNG projects in Australia, North America and Russia promise a growing surplus of LNG on international markets, making the timing of new Sub-Saharan African LNG projects difficult. Move too early and the offtake agreements will not be generous, with new projects feeding into an alr ...

OilVoice Press


Posted 2 months agoOpinion > PlattsLNGAfrica