Infographic: Take a look at which producers and crude grades may gain market share when US waivers for Iranian oil purchases expire on May 2:
#OOTT
#Iransanctions
#crudeoil
Russian announcement of Donbas military operation raises risks for energy markets,
@boudicca83
writes.
🔸Operation raises risks of harsher sanctions on energy sector
🔸Financial sanctions could include ban on access to SWIFT, US dollar
#OOTT
#ONGT
#Ukraine
Multiple ship attacks in
#RedSea
as Maersk Tankers requests Cape route option |
*Ship explosion near Bab el-Mandeb: UKMTO
*Maersk Tankers wants Cape option for Red Sea voyages
*Large re-routing of tankers likely to boost rates
Russia has thrown down the gauntlet to Saudi Arabia in their intensifying price war. But what is
#Russia
's global
#oil
clout in the price war with Saudi Arabia?
Find out in our
@SPGlobalPlatts
infographic
#SPGPlattsInsight
S&P Global Platts has put together a periodic table of 120 crudes selected by the news and analytics teams representing the most diverse and key streams in the global oil markets. Learn more about this here:
The dramatic rise in
#USshale
output has transformed the quality of oil on the global
#oilmarket
, adding a glut of light sweet crude, with attempts elsewhere to make significant output cuts.
@SPGlobalPlatts
infographic shows the impact on the oil sector:
#Infographic
: Battle for oil trading volumes heats up. The following is a snapshot of the top NOCs, IOCs and the role of trading houses in current world oil trade.
Get the bigger picture:
#OOTT
#crudeoil
#oiltrade
Texas has pumped more
#crudeoil
than Iraq for six months in a row, a lead the Lone Star State will keep for the foreseeable future -- and widen. Texas output has doubled in six years, hitting a record-high 4.9 million b/d in December.
#OOTT
Infographic:
#Plattsinfographic
: Sanctions on Russian
#energy
and
#commodities
explained | Full size infographic:
In addition to official sanctions, major self-sanctioning by industries looking to cut ties with
#Russia
have deepened the market impact.
A Saudi oil tanker appears to be traveling across the Atlantic Ocean to sanctions-embattled
#Venezuela
either to deliver or pick up a cargo -- an almost unprecedented shipment between the two
#OPEC
members.
FACTBOX: As SWIFT ban hits banks, spotlight turns on how
#Russia
sells its oil |
*Traders may use 'sleeving' through a third party to bypass sanctions
*
#Oil
trading not specifically targeted by
#SWIFT
ban
*Urals a key
#crude
for European markets
#OOTT
Understanding
#crude
#oil
quality is more important than ever. Take a look at our periodic table of oil here, giving you all the essential information on 120 of the most important grades to help you make decisions with conviction
#SPGPlattsInsight
Saudi Arabia's proved
#oil
reserves are 11% higher than previously thought, according to the latest estimates by
@BP_plc
. Robert Perkins reports:
#BP
#BPstats
India, the world's third largest
#crudeoil
importer and fourth biggest
#LNG
importer, is on a 21-day nationwide lockdown triggered by the spread of
#COVID19
. Here's how this is affecting commodity markets:
The Ukraine conflict is set to continue to influence global
#commodity
markets. Elections in Turkey could also add to political pressure on markets. Turbulence on
#financialmarkets
is adding to uncertainty. Here are the key events to watch in Q2.
#OOTT
#OCTT
#ONGT
#OATT
"We do see oil prices massively overshooting … and we see a nasty deficit appearing on the horizon kicking in earlier than many expect” | JP Morgan's Christyan Malek spoke to
@GramscianPaul
in our Insight Conversation
#oott
#ongt
#energy
#oil
Mexico's presidential election has put energy reform opponent Lòpez Obrador in power, creating uncertainties for the country's still-nascent energy liberalization |
#MexicanEnergy
@SPGlobalPlatts
factbox and infographic give you all you need to know:
#PlattsInfographic
:
#OPEC
+ faces the fallout from the
#omicron
variant and a US-led attempt to lower prices by releasing
#oil
stocks. How will a sharp fall in
#DatedBrent
prices affect OPEC+'s supply strategy?
📉 Get the full picture:
Singapore oil trader Hin Leong’s founder OK Lim blamed for derivatives,inventory losses - filing
*Hin Leong suffered $800 mil in unaccounted derivatives losses
*OK Lim instructed sale of most inventory that’s collateral for bank lenders
@ericyep
reports:
Factbox: Iran's
#oil
buyers have a month to halt their trades or risk getting banned from the US financial system for violating secondary sanctions that return Nov 5 |
#USsanctions
@meghangordon
,
@eklavyagupte
report:
Stable
#energy
markets will be crucial for both economic & demand recovery; cooperation among consumers & producers is key, India's petroleum & steel minister Dharmendra Pradhan (
@dpradhanbjp
) said at
@SPGlobalPlatts
South Asia Commodities Virtual Forum
It's not unheard of for
#commodities
to trade at negative prices, but for it to happen to crude at Cushing is exceptional.
Here's Richard Swann's analysis on what happened to
#NYMEX
#crudeoil
futures and its wider pricing implications:
Russian crude exports on pace to hit four-month high, according to S&P Global Commodities at Sea. Following a flurry of loadings during the week ending October 27, exports surged 27% on week to 3.85 million b/d, the strongest weekly rate since the week ending June 30.
#OOTT
The embargo by the
#EU
on seaborne crude oil and specific petroleum products originating from
#Russia
has been in force for over two months now. What has been the impact of sanctions on commodity markets so far?
📉 Find out with our updated infographic:
Geopolitics and supply concerns top our list on
#PlattsCommodityTracker
this week | Thread 👇
Oil and gas trade flows between Russia and China set to increase in the coming years:
#OOTT
#ONGT
Trump's 12th tweet on
#oilprices
since becoming US president may have shown that the now-expected messages to
#OPEC
are having a diminishing impact |
#OOTT
OPEC+ May
#crude
output tumbles in first month of expanded voluntary cuts:
#PlattsOPEC
+ survey
|
▫OPEC+ output down 670,000 b/d on month
▫Russian output 410,000 b/d below Feb baseline
▫Shortfall to quotas rises to record high 3.53 mil b/d
#OOTT
#oil
📸
#PlattscFlow
: Business as usual at Strait of Hormuz
Risks are without question in new territory, but we continue to point to weakening fundamentals & an underlying aversion by the Iranians of getting involved in a direct conflict with the US:
@SPGlobalPlatts
Analytics |
#OOTT
Saudi Arabia, the world's largest
#crudeoil
exporter, has suspended all its oil shipments through the Bab el-Mandeb strait at the southern tip of the
#RedSea
, following an attack on 2 VLCCs by Yemeni Houthi militia.
Read our factbox:
Saudi Arabia, Russia to continue 1.3 mil b/d supply cuts to end 2023 |
*Monthly review of cut volumes to continue
*Decision comes despite Dated
#Brent
approaching $100/b
*
#OPEC
+ monitoring committee to meet Oct 4
#OOTT
China's
#crudeoil
imports surged 29.9% year on year to 10.35 million b/d in December, bringing total imports to 9.28 million b/d in 2018.
@oceana_zhou
reports: |
#fueloil
#OPEC
+ has secured historic global support for cuts to remove around 15 mil b/d from the market over the next few months. Is it enough?
Download our latest infographic:
#OOTT
#crudeoil
From
#LNG
in Asia to scrap
#metal
in Turkey and Brent
#crude
, the price of
#commodities
have surged to new highs. The rally has triggered speculation of a new
#supercycle
driven by stimulus spending and a weaker US dollar.
📈 Full size infographic:
Did you know? It takes about 4 weeks for a
#crudeoil
cargo to arrive in India from the US, and less than a week for cargoes to arrive from the Middle East.
India SPR CEO H.P.S. Ahuja talks to
@heysambit
about plans to fill the country's caverns:
#OOTT
#Geopolitical
risks to energy supplies have affected
#oilprices
in recent months. With global oil markets now largely rebalanced these risks have become more acute.
'
@SPGlobalPlatts
' oil news team reports:
#Venezuela
's near economic collapse has taken a toll on the country's
#crudeoil
production, causing shifts in oil flows as buyers look to secure alternative supplies.
Factbox:
OPEC+ says will respond to any oil emergency from Iran crisis, but spare capacity tight |
#crudeoil
#OPEC
#OOTT
* OPEC+ just starting new 1.7 million b/d output cut deal
* Rising oil prices may prompt some compliance slippage
@HermsTheWord
story:
#OPEC
has committed to 800,000 b/d in output cuts, and 10 non-OPEC producers led by
#Russia
will slash another 400,000 b/d for six months beginning January.
#Iran
,
#Libya
and
#Venezuela
will be effectively exempt from the cuts.
#Crudeoil
market risk rising after another alleged attack on shipping near
#StraitofHormuz
. Oil prices surge more than 3% to trade above $62/b after two tankers damaged in Gulf of Oman
Take a look at the big picture:
The recent attacks on Saudi Arabia's Abqaiq facility & Khurais oil field have raised questions over the kingdom's - and the world's - security of crude supply.
Here's what you need to know about
#infrastructure
,
#oilprices
&
#tradeflows
:
#OOTT
#OPEC
Platts US
#rigcount
for Dec 27 = 1,147, down 28 from last week). US permits = 599 (-1,131). To receive the free Platts Upstream Indicator report every week go to:
Russia's collaboration with
#OPEC
has had a major impact on global
#oil
and
#energy
markets. The
#coronavirus
outbreak and its impact on demand and prices is now causing the OPEC+ group to consider further output cuts.
#OOTT
🗺️ Full-size
#infographic
:
Russia is set to lose the top spot as China's main
#crudeoil
supplier in the coming years to Saudi Arabia as it falls behind in ramping up its Far East exports. Our team reports from
#PlattsAPPEC
:
ICE July Brent
#crudeoil
reached $80.50/b at one point Thursday, marking the first time the prompt contract has been above $80/b since November 2014, but faded in the afternoon to close 2 cents higher at $79.30/b. Read more here:
The dramatic rise in
#USshale
output has transformed the quality of oil on the global oil market, adding a glut of light sweet
#crudeoil
, with attempts elsewhere to make significant output cuts.
@SPGlobalPlatts
infographic shows the impact:
"We're very optimistic that we'll be producing
#LNG
on those trains this year and first cargo will be shortly thereafter,"
@Cheniere
CEO Fusco tells
@SPGlobalPlatts
during a wide-ranging discussion at the company's headquarters in Houston:
Interview: Continental's Hamm sees US drillers slashing oil output by 30%-35% |
#crudeoil
#pricewar
#OOTT
* Pipelines across country notifying producers of full storage
* Hamm sees no need for US to coordinate supply cuts with OPEC+
@meghangordon
story:
#Nigeria
's efforts to reduce debt owed to its foreign
#oil
partners is progressing well and is helping the country bolster
#exploration
and production, state-owned
#NNPC
says|
#PlattsInfographics
: The
#OPEC
+ group has stabilized the
#oil
prices after historic supply cuts.
But with
#COVID19
lockdowns beginning to ease, it must pick the right time to release the extra barrels recovering economies require.
#OOTT
📊 Full-size image:
Nord Stream 2 halted as crude surges after
#Russia
sends troops into
#Ukraine
|
*
#Brent
futures hit $99.50/b before easing back
*UK imposes sanctions after Germany halts
#NordStream2
progress
A new breed of
#plastic
#recycling
plants capable of recovering crude and fuels from plastic waste is piling more pressure on global
#oil
demand forecasts. Robert Perkins reports: |
#OOTT
India says predictability in oil production cuts, stable
#oilprices
key for recovery |
@heysambit
reports:
🔹New Delhi sees growing
#crudeoil
,
#LNG
trade w/ US
🔹India to pursue refining growth despite
#energytransition
🔹Hydrogen, solar to play key roles
#SyriaConflict
-- US avoids direct Russia confrontation with Syria airstrikes, lowering
#oilprice
risk:
• Russia informed of strike targets in advance
• US officials say attacks 'one-time shot'
• Russia seen unlikely to cut EU oil,
#natgas
flows
US
#crudeoil
,
#natgas
rig count drops by 47 amid extreme activity cutbacks |
#coronavirus
* Largest single-week drop in four years
*
#Permian
takes biggest hit of 20 rigs
* E&Ps may make further activity cuts
Full story:
Saudi Arabia is positioning itself to supply more
#oil
to Europe as traditional buyers of Russian barrels look to diversify ahead of looming sanctions in early December and analysis suggests the trend could become more pronounced in 2023 |
#OOTT
#crudeoil