Commodity Pulse Videos

US oil refining outlook: closures, acquisitions & Delta's surprise deal

May 16, 2012 (11:50 mins)

Following months of poor refining margins along the Atlantic Basin, which has caused the closure of several plants, some refiners have been making a comeback in recent weeks. John Kingston and Jeff Mower discuss what drove refining margins so low to begin with, and what it might take for refiners to succeed going forward.

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News Headlines

US shale boom to underpin global 'mismatch' of refining capacity: analyst

London, May 18, 2012, 320 pm EDT/1920 GMT

The boom in production of super-light liquids from US shale oil projects and the loss of traditional light crudes from Africa is creating a global mismatch of refining capacity which could further exacerbate the impact of overcapacity in the industry, Barclays Capital analyst Amrita Sen said Friday.

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News Features

OPEC says more than enough oil to meet market needs this year

May 11, 2012

Rising crude production from OPEC members would be more than enough to meet the needs of world oil markets this year.

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Podcasts

What does Seaway reversal mean for Midwest refiners?
May 18, 2012 - Discussing the impact on oil futures of the Seaway Pipeline reversal and what the reversal could mean for Midwest refining margins going forward.

Revenue sharing bill could foster more offshore oil, gas drilling
May 11, 2012 - Discussing Senator Wyden’s announcement that he would try to pass a revenue sharing bill and what that could mean for offshore oil and natural gas drilling.

North Sea crude exports to South Korea continue unabated
May 10, 2012 - The continuous flow of N. Sea crude to S. Korea has increased European crude prices, limited refiners’ profit margins.

Shipping industry hit hard by US and European sanctions on Iranian oil
May 10, 2012 - Discussing how the sanctions imposed on Iran by the US and Europe have impacted the shipping industry.

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Blogs

The Barrel: A long-time observer says goodbye to a revived US oil industry

Platts' Gary Taylor takes a walk down memory lane after three decades in the oil and gas industries.

The Barrel: OPEC oil production climbs to 31.71 million barrels per day in April

Platts' monthly survey of OPEC production shows sanctions are starting to pinch Iranian output and other OPEC countries are stepping in to fill the gap.

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Industry Solution Papers Library

Dated Brent: The Pricing Benchmark for Asia-Pacific Sweet Crude Oil

The Dated Brent benchmark has taken on an increasingly significant role in the determination of oil prices in the entire Asia-Pacific region. This paper examines and explains the reasons for this ongoing and accelerating trend. (published May 2011).

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Top 250 Rankings

The Platts Top 250 recognizes outstanding financial performance for the previous year. Each company listed in the Platts Top 250 has distinguished itself through its remarkable performance and the outstanding efforts and dedication of its team.

Market Issues

Platts Market Issues are a series of occasional discussion papers examining price-discovery issues.

Energy Bulletin

A daily email compiling a regional round-up of the top, most recent Platts news, in-depth features, information on Platts events, products and a summary of what's new on platts.com.