Click here to access the interactive Platts Periodic Table of Oil. Access latest agriculture news and analysis, conferences and events. If you are a premium subscriber, we are unable to send you a link to reset password for security reasons. Access latest power news and analysis, conferences and events. Under a faster shift to low-carbon energy, projects with the lowest production costs will be most competitive while high-cost projects run a greater risk of becoming stranded assets. But that is down roughly 2 million b/d on the year, and many analysts expect little change for 2021. La formation des prix des combustibles liquides fait appel, on le sait, à des références internationales spécifiques pour chaque produit ( Platts ) et non aux prix internationaux du pétrole brut de Londres (le Brent). It is not possible to use it in smaller engines or vessels/vehicles where it is not possible to pre-heat it. The cargo markets followed shortly after in 1980.Over the years, the high and low suflur specifications Platts has reflected have changed a great deal. The cost of storing fuel oil in VLCCs is about $2-$3/mt a month in floaters, and that to store in landed terminals is about $5-$6/mt a month, both higher than the current monthly contango, market sources said. — O&G and the energy transition: Achieving synergies between carbon-efficient E&P, renewables, and hydrogen. Following significant growth of US crude exports before the pandemic and then the April 20 price collapse of the NYMEX WTI contract, S&P Global Platts launched its AGS assessment for waterborne cargoes of WTI Midland loading on the US Gulf Coast. However, some oil industry leaders are much more bearish on production. Chris Midgley, Global Director of Analytics, discusses the global energy outlook in these very uncertain times. Access latest petrochemicals news and analysis, conferences and events. Access latest oil news and analysis, conferences and events. De très nombreux exemples de phrases traduites contenant "Platts oil" – Dictionnaire français-anglais et moteur de recherche de traductions françaises. The agreement was largely successful in fostering a recovery in oil prices throughout the summer and fall, but oil demand outlooks […]. Production has held at around 10.5 million b/d to 11 million b/d since late October, according to the US Energy Information Administration. In the case of Shell, upstream capex will shrink to around 35%-40% of the total by 2025, down from 50% currently, with about a quarter of spending going on a “growth portfolio” of marketing, power, biofuels and hydrogen. Globex Futures; Globex Options; Auto Refresh Is. Platts first began assessing the European fuel oil barge markets in 1979. C'est un rapport de la Conférence européenne sur l'énergie nucléaire de Platts. — Shipping: Floating storage and marine fuel price dynamics The benchmark, published under the data code PUAFZ00, is often referred to by many names, including No. Subscriber Notes can be received by Commodity Region, and Note Type. FEEDBACK: Platts invites comments, questions and other feedback on these proposals by Feb. 5, 2021. In today’s podcast we’ll review how Platts AGS has performed since its launch in June amid challenging fundamentals for global oil markets. Meanwhile, big-ticket, multi-decade offshore oil developments are most at risk as there’s a limited number of companies that have the resources and expertise to make them work efficiently. With that in mind, perhaps the bigger threat to the sector in the near term is the potential for stranded value rather than stranded upstream assets. Oil demand will recover 6 million barrels a day of its loss, he said, but will still be 2 million barrels below 2019 levels. European oil and gas companies alone have shed more than $400 billion in market value this year as investors turn away from fossil fuel producers amid weaker oil price expectations. US crude output fell this year in response to low demand stemming from the coronavirus pandemic. Access latest gas news and analysis, conferences and events. Platts assessments reflect a standard Aframax cargo size of around 600,000 barrels, though cargoes of between 500,000 barrels and 700,000 barrels may be bid or offered in the Platts Market on Close assessment process and are normalized back to a 600,000 barrel standard. Company outlooks on oil demand will also be informed by the prevailing policy climate, factoring in the likelihood of curbs such as the carbon-intensity of specific oil projects and gas flaring. Download; Description. WTI Midland is typically sold into Europe on a delivered basis. WTI Midland is a light, sweet crude oil with a typical average monthly export volume of 1.078 million barrels per day during 2020, of which around 443,000 b/d arrived in Europe. Platts Market-on-Close (MOC) is the process Platts editors use to assess prices for crude oil, petroleum products and related swaps. “In an efficient market there has to be sufficient return to bring on new supply and probably the divergence between European and American majors is the fact that American majors think that demand might be a bit stronger in the near term at least,” Klein said. Settlement prices on instruments without open interest or volume are provided for web users only and … Use it to: — Build your network—See who else is registered, help people find you, and exchange contact information digitally. In general terms, fuel oil is any liquid fuel that is burned in a furnace or boiler for the generation of heat or used in an engine for the generation of power, except oils having a flash point of approximately 42 °C (108 °F) and oils burned in cotton or wool-wick burners. Consolidation in the carrier... PlattsOil: Risk and governance: Essential insight, visionary solutions..... APPEC goes virtual. Community, content, and conversation, all at your fingertips. If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password. Download; Description. 9:20 am Platts AGS and a better definition of Midland WTI quality — Understand the methodology and relevance of the new Gulf Coast price benchmark — Platts implements tighter specifications on all its Midland WTI assessments Matt Eversman, Associate Director, Crude Oil, Fuel Oil, Bunker Markets, S&P Global Platts Gulf Coast No. — Brazilian supply: Fuel market impacts of Petrobras’ refinery divestments In assessing the value of WTI Midland on an FOB Scapa Flow basis, Platts considers bids and offers for the grade loading STS basis Scapa Flow. This particular fuel oil requires preheating to 220 – 260 Degrees Fahrenheit. Platts Marine Fuel 0.5% assessment methodology underpinned by robust liquidity in the Market on Close assessment process; Platts Marine Fuel 0.5% assessment steadily gaining traction as the regional low sulfur benchmark ; Rajesh Nair, Managing Editor, Asia & Middle East Residual oil markets, S&P Global Platts. if the 5th attempt fails, the account will be locked for 30 minutes, Please use only English characters (A-Z, a-z), You already have an account, Please log in or reset password. — India demand: Is India the long-term growth market for oil demand? RATIONALE FOR POSSIBLE INCLUSION: Since US crude exports restarted in 2015, WTI Midland has become a mainstay for European crude imports and a core part of the North Sea crude oil market. Fuel oil (also known as heavy oil, marine fuel or furnace oil) is a fraction obtained from petroleum distillation, either as a distillate or a residue. The various components of this guide are designed to give Platts subscribers as much information as possible about a wide range of methodology and specification issues. [Yes] I would like to receive S&P Global Platts promotional emails. Platts would consider Cash BFOE bids and offers where the buyer is willing to accept nomination of a cargo of WTI Midland STS basis Scapa Flow for the relevant contract month by the seller upon physical performance of the trade. Waterous, managing partner and CEO of North American private equity firm Waterous Energy Fund, believes the Permian Basin in particular has already peaked. Platts also considers bids and offers of WTI Midland on a Rotterdam delivered basis, which are converted back to Scapa Flow using the existing freight adjustment factor (FSFRM00). Fuel Oil Outright - Fuel Oil 1% CIF NWE Cargoes (Platts) Mini Future. Today we’re looking at a third shift confronting the US upstream: digital transformation and the need for the oil and gas workforce to catch up in this area. Sustainable aviation fuel can be blended with conventional fossil-based aviation fuel, Platts said. The data is now freely available to access via the Platts Fujairah oil … The Europe and Africa Refined Oil Products Guide contains the primary specifications and methodologies for Platts European Products assessments. The traded premium will therefore be debited by the Clearing House from the Buyer and credited to the Seller on the morning of the Business Day following the day of trade. FFI Contract Size. Platts Market-on-Close (MOC) is the process Platts editors use to assess prices for crude oil, petroleum products and related swaps. Platts assesses cargoes of WTI Midland for delivery DAP basis Rotterdam 20-60 days after date of publication. The threat to reserves and stranded capital varies widely by company and country. A monthly cash settled mini future based on the Platts daily assessment price for 1% CIF NWE Cargoes Fuel Oil. These include ExxonMobil’s $10 billion Golden Pass US LNG project, Chevron’s $6.3 billion deepwater Anchor US oil project, and Shell’s $3.9 billion deepwater Mero Sepetiba project in Brazil. Often referred to as portfolio “high-grading”, the sale of more costly, carbon-intensive assets by the oil majors will likely ramp up in the coming years as players prioritize developing of resources most resilient to lower future oil prices. Refined products benchmark assessments for Northwest European and Mediterranean cargo markets and ARA barge markets. New and Discontinued Price Symbol Alerts are issued when we launch new assessments and announce discontinued assessments. Portfolio exposure is highly linked to demand outcomes and future prices under different scenarios. Dated Brent, Dubai/Oman, Diesel 10 ppm, Fuel oil 3.5%, Naphtha • News and commentaries used to make informed business decisions. CURRENT METHODOLOGY: Under current Platts methodology, Platts reflects bids, offers and trades for FOB cargoes of Brent Ninian Blend (BNB), Forties, Oseberg, Ekofisk, and Troll loading 10 days forward to one month ahead, and assesses each of these grades separately. The dynamic nature of the oil markets means new opportunities are created all the time. Find out about event updates as they happen. Opening Remarks. A new survey by Ernst & Young found a major digital skills gap among the oil and gas workforce, and the pandemic is increasing the urgency to close it. Globex Futures ; Auto Refresh Is. This market sees upwards of 250 million mt demand a year, globally, and our assessments are used to benchmark a great deal of this exposure.Platts European fuel oil assessments are also used in electricity oil/gas indexed pricing and dark spread formations. TIMING OF IMPLEMENTATION: Platts is inviting feedback on a potential implementation for March 2022 cargoes. Platts Bunker Fuel service helps to develop, connect & explain the market price of crude oil and oil products. Platts will consider all feedback received on these points and any other areas of interest, and provide an update on any possible changes to methodology after the close of the consultation period. Dated Brent could be opening its doors to US crude as it looks to evolve as a global oil benchmark. Platts Periodic Table of Oil – Unlocking the secrets of crude quality. Against this background, the OPEC+ group in April agreed to is deepest-ever production cuts. Platts European fuel oil barge price assessments reflect the repeatable, transactable price of fuel oil at 16:30 London time, loading 3-15 or 5-15 days forward, Monday to Tuesday, Wednesday through Friday, respectively.Platts European fuel oil cargo assessments reflect the repeatable, transactable price of fuel oil for 10-25 days ahead, also assessed at 16:30 London time.Platts 1% fuel oil barge assessments reflect clips of 1,000 mt, while Platts 3.5% fuel oil barge assessments reflect clips of 2,000 mt. From the impact of coronavirus in China, to sanctions imposed on major producers like Venezuela and Iran, understanding the importance of crude quality has … Jet fuel Platts price | ATF Price | Aviation Fuel or Jet fuel is a type of aviation fuel designed for use in aircraft powered by gas-turbine engines. Platts will consider all comments received and will make those not marked as confidential available upon request. The Holiday Schedule Alert is sent on Friday and provides information on the world's regional and national holidays impacting the publishing of our assessments, market reports and news wires over the week ahead. Platts Commodities Bulletin is a daily regional round-up of the top, most recent news, in-depth features, information on our events, and a summary of what's new on platts.com. Market Specifications Trading Screen Product Name Fuel Oil Futures Trading Screen Hub Name 1% CIF NWE Cg (Platts) Mini Contract Symbol . The various components of this guide are designed to give Platts subscribers as much information as possible about a wide range of methodology and specification issues. An email confirming your password has been sent. — Connect—Use 1:1 messaging to introduce yourself. European majors lead transition, but US shale provides flexibility. S&P Global Platts US Gulf Coast 3%S residual fuel oil assessment is a benchmark assessment that reflects the price of high-sulfur fuel oil at five locations within the Houston Ship Channel of Texas. Today's European 3.5% Fuel Oil Barges FOB Rdam (Platts) Futures prices with latest European 3.5% Fuel Oil Barges FOB Rdam (Platts) Futures charts, news and European 3.5% Fuel Oil Barges FOB Rdam (Platts) Futures futures quotes. The assessment reflects bids, offers and trades for WTI Midland FOB Scapa Flow, as well as DAP Rotterdam adjusted for freight. Jonty Rushforth and Joel Hanley discuss how this might work and what it means for the world’s leading oil benchmark. Fuel Prices Online, founded in 1994, delivers accurate and timely oil price information to the downstream oil markets: oil companies, suppliers, distributors, marketers, terminal operators, forecourt retailers, transport, agriculture and Government. Carrier... 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