The leading independent provider of information & benchmark prices for energy & commodity markets. S&P Global Commodity Insights is a division of
@SPGlobal
We are excited to have India’s Minister of Petroleum & Natural Gas and Minister of Steel, Dharmendra Pradhan (
@dpradhanbjp
) speak at the South Asia Commodities Virtual Forum this coming Thursday. Final registration today!
@PetroleumMin
@SteelMinIndia
#PlattsGEA
– The CEO of the Year demonstrates the ability to sustain their sector amid universal headwinds and propel their organization into the future. And the winner for 2022 is 𝗚𝘂𝗿𝗱𝗲𝗲𝗽 𝗦𝗶𝗻𝗴𝗵,
@ntpclimited
! Congratulations!
#energyindustry
#leadership
This year marks the 39th anniversary of APPEC, one of the most important events in the oil and energy industry calendar. From September 4-6, over 1000 attendees discuss striking the balance between energy affordability, security and sustainability. Follow along with
#APPEC
Russian Urals oil sells at a roughly 30% discount to global benchmark Brent,
@SPGCI
noted to
@WSJ
's Carol Ryan; EU states to ban imports of Russian crude as of Dec. 5. See
Meet Kristina Partsinevelos, our host of Global Energy Awards!
@KristinaParts
joined
@CNBC
as a general assignment reporter, covering stocks, investment trends around ESG, and the reopening of the American economy for Business Day.
See you at
#PlattsGEA
on 12/9!
#energy
#Awards
And now, for the Corporate Social Responsibility Award: Diversified Program, our winner served an indigenous population through its belief that there cannot be successful companies in failed societies. The award goes to...Renace with CMI Energía!
#PlattsGEA
@SPGCI
's Platts Dated
#Brent
– the most widely-used physical crude oil benchmark -- today began reflecting
#WTI
Midland oil as part of the basket of deliverable grades, as a means of bolstering the oil supply underpinning the benchmark far into the future:
Our welcome refreshments and registration has opened for APPEC 2023! We're looking forward to all the amazing discussions and presentations across the next 3 days!
#APPEC
Factbox: US President Trump's plan to leave the Iran nuclear deal and reimpose sanctions could have major impacts for global
#crudeoil
,
#natgas
,
#metals
and
#petrochemical
markets |
Europe's coal to gas switching. Bloomberg analysis shows high coal storage with
@SPGlobalPlatts
Analytics
@jaldina1
noting the flood of gas in global markets, it has made it harder for coal generators to compete economically
#Uranium
(U308) prices rose to $45.75/lb Thursday, in part by fuel-price unrest and protests in
#Kazakhstan
, producer of 40% of the worlds' uranium output,
@SPGlobalPlatts
' William Freebairn told
@WSJ
. See
@SPGlobalPlatts
' William Freebairn explains
#Kazakhstan
's role in
#uranium
supply is much like that of Saudi Arabia in oil & OPEC+ and shows to
@FT
the rise in uranium prices amidst the country's fuel-price unrest.
In our latest
#Infographic
, we look at how low water levels along the
#Rhine
have increased freight rates and forced barges to part-load, having a bearish impact on commodities going down the Rhine, but bullish for final products.
🗺 Get the full picture:
@SPGlobalPlatts
Analytics estimates a rise of at least $10 and perhaps much more. Dangers to Middle East supply and spare production capacity could "see prices test $80/b despite Saudi Arabia - citedby
@axios
European natural gas 'distressingly short' in storage and on tap,
@SPGlobalPlatts
' Dave Ernsberger discussed w/ CNBC's
@SquawkBoxEurope
last week. Listen:
In a compelling presentation to the World Economic Forum (
@wef
) in
@Davos
, Martin Fraenkel, President of S&P Global Platts, managed to bring today’s revolutionary transformation in energy to life.
Find out more at:
@SPGlobalPlatts
: Pleased
@Mettalex
values the price transparency we bring & to use our data in innovative ways as new technologies bring market efficiencies:
New
#nuclear
technologies in US & Canada (small modular reactors, plus) are being planned in growing numbers,
@SPGCI
's Freebairn told
@MarketWatch
and
#uranium
supply is slowly rebounding, says
@SPGCI
's Matthews. See:
.
@SPGlobalPlatts
to publish the world's 1st daily 'CORSIA-eligible' carbon credit price assessments as of Jan 4-2021. First of planned suite of voluntary carbon benchmarks covering full range of GHG emissions projects.
Learn more:
The evolution of
#LNG
continues to gather momentum with the launch of Platts Editorial Window (eWindow)®. Based on
@ICE_Markets
, this communication tool will enhance the efficiency and transparency of Platts LNG Assessments.
In response to the unprecedented
#oil
price collapse, industry experts across our company are coming together to answer your questions. Join
@PlattsOil
this Friday and use the hashtag
#SPGlobalOnOil
to get the essential intelligence you need straight from the source.
#OOTT
#ONGT
Lithium is a key raw material for
#EV
and energy storage systems, but the lack of investment in new supply in previous years might generate a structural deficit throughout this decade. Read more about it and other news in this week's ET newsletter:
We begin this year's APPEC with opening remarks from
@DaveErnsberger
, Global Head of Market Reporting & Trading Solutions, who welcomes our attendees.
The most recent edition of the 𝗖𝗮𝗿𝗯𝗼𝗻 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗠𝗮𝗴𝗮𝘇𝗶𝗻𝗲 is now accessible online! This edition centers around key developments in
#carbonmarkets
and examines the challenges and opportunities in this market:
#OCTT
#Battery
capacity in US
#electricity
grid connection queues more than doubled in 2018, topping 30GW. Even if only a portion is connected, fast growth in power storage is still likely, write Jared Anderson (
@JAndersonEnergy
) and Felix Maire (
@felixmaire1
):
@SPGCI
analysts release latest 2023 energy outlook. China's COVID policy the most important factor for global commodities/energy demand in 2023.
See 10 Factors to Watch:
S&P Global Platts launches integrated
#EnergyTransition
platform. Provides insights into the future of energy, covering all sources and regions, providing outlooks for emissions power storage and renewables, as well as pricing.
@TransitionEcon2
Our day 3 first panel discussion - The growth of carbon markets and trading in Asia: Navigating risks for the new frontiers.
#APPEC
Panelists:
Amandeep Singh Bedi, South East Asia Managing Director,
@engieimpact
Andrew Chew, Sustainable Finance, Asia Pacific, ING Bank
S&P Global Platts Opens Consultation on Inclusion of
#WTI
Midland
#Crude
in Dated Brent. WTI Midland is core part of North Sea
#Oil
market. As a light sweet crude, WTI Midland has similar characteristics to rest of the
#DatedBrent
basket.
Press release:
Take a look at our latest infographic on the potential producers and
#crude
grades gaining market share when the US waivers for
#Iranian
#oil
purchases expire on May 2:
With 11 months of data in, 2018 was an historic year for
#EV
sales -- up 68% from 2017. Track everything
#EV
with
@SPGlobalPlatts
Analytics’ new ‘EV Essentials’ – sales, charging, batteries, and more: Email - support
@platts
.com
.
@SPGlobalPlatts
becomes an
#OPEC
data & insight provider. Platts Pres. Saha welcomes the deepening longstanding relationship, especially as OPEC & world energy ecosystem continue working to 'secure a sustainable future for generations to come.'
See:
.
@IHSMarkit
is now part of
@SPGlobal
, creating an organization with a shared vision to accelerate progress and power the markets of the future across finance, ratings, indices, commodities and energy, transportation, and engineering.
#Battery
use for
#EVs
and power set to ramp up. A world where 25% of US homes install batteries would > treble current global storage. If 25% of US cars are EVs, that would increase global storage 20 times. Roman Kramarchuk
@SPGlobalPlatts
Analytics
#PlattsBatteryMetals
‘Will COP remain relevant?’ is one of seven key themes explored in the latest
@SPGCI
Future Energy Outlook report previewing the United Nations’ COP27 Sharm el-Sheikh Climate Change Conference of Nov. 6-18 in Egypt.
See:
.
@SPGlobalPlatts
Market Movers Europe, w/c Feb 11:
➡️ Unexpected strength in
#fueloil
market
➡️ EU
#steelprices
up on Vale cuts
➡️ Low European prices push out US coal
➡️ US officials cheer German
#LNG
build-out
Jamila Al Ibrahim reports: (3:53)
"During volatile periods,
#oil
market participants require regional
#benchmarks
that are transparent and allow for effective risk management underpinned by deep and liquid forward curves" - Gurdeep Singh
@SPGlobalPlatts
India CEO Series:
@IndianOilcl
Chairman Shrikant Madhav Vaidya, in an interview to
@heysambit
, discusses new refinery projects, the switch to green power and the increased focus on petrochemicals, hydrogen and aluminum air batteries|
#OOTT
📰Read here:
Low Yen Ling, Minister of State, Ministry of Culture, Community and Youth & Ministry of Trade & Industry takes to the APPEC stage. She welcomes our 1000+ attendees and emphasizes Singapore's commitment to a strong and sustainable energy future.
#APPEC
Negative
#Oil
-
@DaveErnsberger
on
@SquawkBoxEurope
explaining why WTI futures went negative - amid demand destruction and a lack of available storage at land-locked Cushing. WTI differs from the global
#crude
Platts Dated Brent benchmark.
#Carbon
-neutral
#LNG
may make up half the industry by 2030, Ciaran Roe
@SPGlobalPlatts
tells E&E News' Mike Lee (
@mikeleefw
). Notes Platts' 1st-of-kind carbon-neutral LNG price assessments for key LNG trade route. See
CN LNG Facts:
"Coal is becoming more expensive to finance and we will probably see governments outright banning it"
#PlattsLEF
- Richard Mattison, Chief Executive Officer, S&P Global Trucost
#PlattsET
Freezing weather boosted US demand for fuel and power, while threatening oil &
#gas
output in key production state
US gas demand will hit a single-day high of 169 bn cubic feet on Monday.
@SPGlobalPlatts
.
@WSJ
@josephttwallace
At S&P Global Platts, we're committed to not dropping the ball during these uncertain times, delivering the industry insight you need to make decisions with conviction. View the full video here:
#PlattsAPPEC
2018 is launching a day of expert think-tank roundtables for attendees to interact, discuss and drive progressive thought - read our latest report on Blockchain for commodities to get a head start:
#PlattsBlockchain
We're pleased to announce the launch of a new benchmark for US crude oil, Platts American GulfCoast Select (AGS), today. Platts AGS will reflect the value of waterborne light, sweet crude loading FOB US Gulf Coast, 15 to 45 days ahead.
#PlattsAGS
#CrudeOil
Proposed
#OPEC
+
#oil
production cuts are unlikely to have any significant impact on April supply, and thus run the risk of getting close to exhausting all available
#storage
in May, said
@SPGlobalPlatts
’ Global Head of Analytics Chris Midgley to
@AP
:
1,500 people, 33 locations, 1 company -
#SPGlobalPlatts
. Throughout these uncertain times the employees at S&P Global Platts remain committed to delivering the industry insight people need to make decisions with conviction.
#SPGlobalProud
#PlattsProud
As the EV market grows, so do expectations of the range the new
#autos
should be able to cover. That will lead to transformation in battery tech and in turn, changing demand for raw materials like cobalt, lithium and nickel. More:
#EVs
#energytransition
Now to our final award, Company of the Year. The Company of the Year goes to one company that stands out for excelling in industry
#leadership
and innovation. And the 2021 winner is
@CLE_Cliffs
!
Congratulations on your massive success, winning 3 prestigious
#PlattsGMA
#Awards
!
We're looking forward to celebrating the 20th Anniversary of the Global Energy Awards this Thursday in NYC! Tune on Twitter (
@SPGlobalPlatts
) for a live feed of the event.
#PlattsGEA
Voluntary
#carbon
credits have proved comparatively resilient over a 12-month period against a range of benchmarks including the 10yr T-bonds,
#Gold
, and
#Bitcoin
.
#OPEC
+ proposed ‘10 million b/d may be too little too late’ with 'limited impact' on April
#oil
output & ‘only if sustained from May for the balance of the year might we avoid hitting tank tops,”
@SPGlobalPlatts
Analytics’ Chris Midgley to
@barronsonline
We are in India for the
@SPGlobalPlatts
Delhi Commodity Market Insights Forum. On today's agenda: emerging trends in
#energy
markets,
#UScrude
exports,
#IMO2020
impact on Asia, and more!
Low
#oil
prices and steep contango has induced
#storage
economics, w/
#freight
rates rising sharply along w/
#shipping
charters for floating storage. Crude production next likely to be curtailed re: lack of buyers, storage and ships, says
@SPGlobalPlatts
Analytics’ Chris Midgley
Have you checked out our Atlas of Energy Transition? Visit to find out how countries such as Saudi Arabia, its neighboring Gulf Arab states and the US continue to account for a larger share of fossil fuel demand per capita.
#PlattsAtlas
#PlattsLEF
Great engagement at
#EnergyAsia2023
on Day 1! Visit our booth at Exhibition Hall 4 over the next two days to chat and have a coffee with us.
Together, we can accelerate progress in a new energy era.
#EnergyTransition
#NetZero
Half of US gas production may qualify to receive methane performance certificates based on 0.1% threshold for methane intensity initiated by Platts,
@SPGlobalPatts
' Mark Callahan told
@Bloomberg
at launch of Platts/Xpansiv MPC benchmark price assessments:
On
#WTI
futures rout, driven by contract expiry & lack of
#oil
storage,
@DaveErnsberger
of
@SPGlobalPlatts
told
@avibarrons
: Cushing, Okla. storage is only 70% full, but ‘The other 30% already got booked. . .' Urges caution at June contract expiry time.
.
@SPGlobalPlatts
has acquired Canadian Enerdata Ltd., a Canadian benchmark provider and exclusive publisher of ICE NGX
#natgas
indices, including the AB-NIT (
#AECO
) hub in Alberta
#Canada
. Enhances Platts North American natural gas offering – press release
Global oil supply faces more upside than downside risk, with Libya set to increase, OPEC+ compliance becoming more difficult, and US elections raising the possibility of nuclear negotiations with Iran, said
@SPGlobalPlatts
Analytics’ Shin Kim to a virtual press briefing today.
Large Capex (30%) cuts, rigs (-19) & production amid lower
#oil
#prices
particularly hit Canadian
#oil
sands & No. American
#shale
. Expect oil prices to test sub-$20-per-barrel levels by April & remain weak in Q2; Support ahead in 2H, says
@SPGlobalPlatts
Analytics.
#Brent
Likely to Avg: $70/b for April & $75/b by end2019, says
@SPGlobalPlatts
Analytics’ Claudio Galimberti. Summer to see
#gasoline
#prices
up to 3Q 2014 levels &
#diesel
even higher. RE: tight stocks, Saudis’ big cuts, Venezuela/Iran supply &
#IMO2020
low-sulfur mandate.
@SPGlobalPlatts
Analytics tells
@WSJ
's Collin Eaton (
@CollinEatonHC
) some 70% of US LNG in January went to Europe & discusses scope for US, Qatar, Australia for aiding gas supplies to Europe. See
It was a pleasure to welcome young & talented undergraduates from
@NTUsg
and Rock Elm Capital's Sean Mulhearn to the
@SPGlobalPlatts
Singapore office this week to talk about the
#commodity
markets, the
#PlattsMOC
process, and careers at
@SPGlobal
!