Platts first began assessing the European fuel oil barge markets in 1979. Through our Market on Close price assessment process, we report on hundreds of deals a month equating to hundreds of thousands of tonnes of material.Our analysis of trading activity culminates in the publication of the Platts FOB Rotterdam 3.5% and 1% fuel oil barges, Platts Northwest European 3.5% sulfur and 1% sulfur fuel oil cargoes and Platts Mediterranean European 3.5% sulfur and 1% sulfur fuel oil cargoes — our daily fuel oil price assessments of both high and low sulfur fuel oil in the barge and cargo marketplaces.We also provide daily market analysis for the European fuel oil complex and assessment rationales for each benchmark oil price assessment within the markets we report on. Specifically, Platts invites views on the merits of expanding the group of crudes reflected in its benchmark North Sea crude assessments, any logistical considerations including around the proposed virtual loading program, the possible inclusion of a quality premium, and the potential timing of such an update. Unwanted reserves held by oil majors could be sold and developed by smaller producers or privately-held companies less encumbered by shareholder ESG concerns. The dynamic nature of the oil markets means new opportunities are created all the time. Chris Midgley, Global Director of Analytics, discusses the global energy outlook in these very uncertain times. Typically majors produce reserves on their books over a 20-30 year horizon. With so much US crude now coming to Europe, Platts has announced a proposal to include US WTI Midland into the North Sea benchmark of Dated Brent. Fate of weakest upstream assets still unclear. Against this background, the OPEC+ group in April agreed to is deepest-ever production cuts. “I think if you start a shale well now you know it’s going to be off your books much sooner than if you do an offshore platform,” said Dan Klein the head of scenario planning at Platts Analytics. — Take it all with you—Use the tool to take notes, then export them (and share with other attendees). Like many of its oil major peers, Shell has prioritized lower-cost upstream assets in recent years, selling off parts of its legacy portfolio and investing in large-scale gas assets and higher-margin deepwater and US tight oil acreage. Evolution of the Marine Fuel 0.5% pricing in the wake of the big switch to IMO-2020 compliances. It has been a big year for the US flagship crude, West Texas Intermediate, and in particular the way that grade is priced. 6 3%, Gulf Coast No. Check the real-time activity feed to learn what other attendees are thinking right now. Community, content, and conversation, all at your fingertips. De très nombreux exemples de phrases traduites contenant "Platts oil" – Dictionnaire français-anglais et moteur de recherche de traductions françaises. 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. 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. In respect of final settlement, the floating price will be a price in USD and cents per metric tonne based on the average of the mean of the high and low quotations appearing in the "Platts European Marketscan" under the heading "Northwest Europe Barges" subheading "FOB Rotterdam" for "Fuel Oil 1.0%" for each business day (as specified below) in the determination period. 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. 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. Do more with your registration. PlattsEuropean fuel oil cargo assessments reflect cargoes of 30,000 mt for both high and low sulfur markets.Cargoes must be free of any restrictions or limitations placed on the cargo buyer, such as resale or destination clauses, and should always reflect standard industry norms and practice.All Platts fuel oil is assessed on a Market on Close assessment process basis. 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. — India demand: Is India the long-term growth market for oil demand? Globex Futures; Globex Options; Auto Refresh Is. Platts 3.5% sulfur barge assessments reflect International Standards Organization (ISO) bunker fuel requirements, as does Platts 3.5% Mediterranean fuel oil cargo assessments. Collectively, oil majors are poised to spend just over $18 billion on wind and solar projects until 2025, according to Norway’s Rystad Energy. Platts Bunker Fuel service helps to develop, connect & explain the market price of crude oil and oil products. 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. Gain a global view with Singapore, Persian Gulf and Japanese prices plus the previous day's US spot prices. “Shale is the paragon of short-cycle oil supply and can step in if there is a shortage of supply, so it is a reasonable risk-reward at this point.”. Market Specifications Trading Screen Product Name Fuel Oil Futures Trading Screen Hub Name 1% CIF NWE Cg (Platts) Mini Contract Symbol . We’ll bring together an established community of petroleum players to network and discuss how. Access latest agriculture news and analysis, conferences and events. Platts Periodic Table of Oil ⁠— Interactive Infographic ... 'Time to think big': New gas association chair talks hydrogen, renewable fuels Natural Gas, Natural Gas (North American), Oil, Crude Oil ; December 18, 2020; Americas, North America, United States of America ; Oil producer Earthstone to acquire fellow Permian small-cap Independence Load More. 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. He joins us today to discuss the implications of what he describes as a major structural shift in the industry, and where it is headed. Stick around after the interview for the Market Minute, a near-term look at oil market drivers. S&P Global Platts opens consultation on inclusion of WTI Midland crude in Dated Brent. 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. 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. Following an extended period of research, market outreach and review, S&P Global Platts is opening a formal consultation regarding the inclusion of WTI Midland crude in its Dated Brent benchmark, and all related assessments. Find out about event updates as they happen. TIMING OF IMPLEMENTATION: Platts is inviting feedback on a potential implementation for March 2022 cargoes. "While the SAF market evolves with the emergence of a spot market, our new cost-based assessment will add critical transparency, allowing market participants to compare the price of traditional jet fuel with the cost of new SAF," said Vera Blei, Platts' head of oil markets pricing. 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. This particular fuel oil requires preheating to 220 – 260 Degrees Fahrenheit. About 92% of oil and gas executives surveyed believe their companies need to change the way they operate coming out of the downturn, but less than half said they have a robust plan to reskill staff and capture the value of digital transformation. Conversations are saved and searchable for your convenience. The US oil and gas sector is facing several huge transitions all at once: the immediate crisis brought on by the pandemic and a longer-term energy transition away from fossil fuels. Look up contacts and conversations later. Subscriber Notes inform you of upcoming changes related to the markets that we report on, as well as requests for comment on new assessments, and announcements that assessments will be discontinued. 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. [Yes] I would like to receive S&P Global Platts promotional emails. The agreement was largely successful in fostering a recovery in oil prices throughout the summer and fall, but oil demand outlooks have again come under pressure. To access a complimentary sample of Market Data - Oil, simply submit your details below: * These moves echoed the transitions the fuel oil market has witnessed over the years; evolving on the emergence of cheaper and readily available natural gas from a utility market to one centred around bunker fuel.Given the markets' primary outlet, over time the specifications Platts reflects have also shifted towards the bunker market. Platts Periodic Table of oil third edition written comments, please visit:. And exchange contact information digitally Chevron rank much better overall in the market on close assessment Nair Managing. 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