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S&P Global Platts' analysis of key news and pricing issues from across the global natural gas, power, and coal markets.
3 hours ago
Wildfires, pandemic and pipeline maintenance complicate US West Coast natural gas storage outlook
The US Pacific and Mountain regions experienced a slate of outside factors affecting storage volumes during the 2020 injection season. The onset of the coronavirus pandemic in March prompted natural gas demand to drop by as much as 15% during the spring in parts of the Pacific Northwest. The subsequent oil and gas price collapse led producers in surrounding basins to curb production as pipeline maintenance that decreased imports from Canada also limited inflows. Brutal heat and raging wildfires also played a role in seasonal demand as the region faces a possible bullish outlook this heating season.
1 day ago
Winter dynamics and the market: A dive into spot price movements across major global hubs
Ira Joseph, head of gas and power for S&P Global Platts Analytics, and Ryan Ouwerkerk, manager of Americas natural gas pricing for S&P Global Platts pivot away from the extended outlook into the winter and dive into more immediate spot market movements and their bullish impact on several global natural gas & LNG pricing points.
6 days ago
US Northeast gas storage faces questions following volatile injection season
Natural gas storage in the US Northeast, which serves as the heart of dry production in the Lower 48, entered the current injection season with volumes towering over normal levels. However, the onset of the coronavirus pandemic in March, followed by pipeline outages and producers voluntarily shutting in some production, has allowed supply and demand fundamentals to balance. This led to below average injections late in the summer, with current storage volumes now sitting just above the five-year average. Northeast gas hub prices are strengthening as the injection season winds down and the region faces a withdrawal season riddled with questions. Brandon Evans and Eric Brooks of S&P Global Platts look at the factors shaping the market.
Oct 20, 2020
North American gas market eyes spending outlook as Q3 earnings season begins
S&P Global Platts senior natural gas writer Harry Weber and S&P Global Market Intelligence natural gas reporter Corey Paul discuss with Platts senior digital editor Jason Lindquist current trends in the North American gas midstream sector as operators of pipelines, processing facilities and liquefaction terminals begin to release third-quarter financial results. The outlook for demand and growth spending will be among the key things the market will be watching.
Oct 19, 2020
Bulls vs. bears: What does the upcoming winter hold for global gas prices?
Ira Joseph, head of gas and power for S&P Global Platts Analytics, and Ryan Ouwerkerk, manager of Americas natural gas pricing for S&P Global Platts, are back, this time to lay out the bullish and bearish cases for Henry Hub, TTF and JKM heading into winter. While the key element will be whether winter temperatures will arrive in key global demand markets, listen in to hear about how the interplay of declining US production, bulging US and European storage inventories, floating LNG storage, new pipeline infrastructure and Chinese demand will converge to drive pricing higher or lower.
Oct 16, 2020
Cal-ISO puts focus on resource adequacy, continuing regional collaboration
Front of mind to the California Independent System Operator is resource adequacy, as it also works to adapt the market to the energy transition taking place globally. Outgoing President and CEO Steven Berberich talks with S&P Global Platts editor Kassia Micek about those issues and continuing regional collaboration in the West.
Oct 14, 2020
Building a global hydrogen market from Europe
To date, there is no integrated strategic vision for trading low carbon hydrogen, but European gas grid operator SNAMs VP of Hydrogen Cosma Panzacchi discusses ways that could happen over time with S&P Global Platts Hydrogen Content and Pricing Specialist Jeffrey McDonald. Discussion topics include development of the European Hydrogen Backbone, the formation of local vs. international supply chains, and the need for clear international standards on low carbon hydrogen. Panzacchi indicates where markets will develop first, and what kind of pricing will be needed, as hydrogen markets emerge.
Oct 12, 2020
Southwest Power Pool expects wind to lead 2020 fuel stack, storage to be a game changer
Southwest Power Pool expects wind generation to return to the top of the fuel stack and become the No. 1 fuel source for 2020, while keeping an eye on the evolution of energy storage and continuing its expansion of the Western Energy Imbalance System market. Barbara Sugg discusses her first six months as SPP president & CEO, which started with the challenges of the global coronavirus pandemic, with Kassia Micek, an editor covering North American power markets for S&P Global Platts.
Oct 7, 2020
South of the border heating up: A dive into the long-awaited developments in the Mexican natural gas market
Ira Joseph, head of gas and power for S&P Global Platts Analytics, and Ryan Ouwerkerk, manager of Americas natural gas pricing for S&P Global Platts, are joined by John Hilfiker, S&P Global Platts Analytics in-house Mexico natural gas expert, to discuss the impact that the long-awaited infrastructure developments in Mexico will have on supply reliability, pricing on both sides of the border, and the long-term impact on the global LNG market. Beyond Mexico, topics include the global gas market and the continued rise of JKM and bullish tendencies in the North American market.
Oct 6, 2020
Structural oversupply weakens freight recovery prospect
While a weak orderbook is seen with enthusiasm by tanker owners, who have suffered from increased competition amid structural overtonnage, floating storage enquiries and weaker scrapping prices have caused owners to refrain from scrapping their oldest tonnage in 2020. Our shipping experts discuss the latests developments in an oversupplied freight market. To learn more about the shipping markets, check out our latest special report, which looks at what's in store for Q4 2020 and beyond.
Sep 25, 2020
Brazilian ethanol trading and pricing dynamics amid COVID-19
In a year of high volatility in the energy basket and more uncertainties than in recent history, S&P Global Platts editors discuss the main aspects that have been supporting Brazilian ethanol prices, despite the turmoil at the beginning of the 2020-21 Center-South crop and plunging demand in 2020. Senior price specialist Nicolle Monteiro de Castro talks with senior biofuels analyst Beatriz Pupo about estimates for Brazilian sugar and ethanol production, consumption, trade flows and price behavior amid COVID-19.
Sep 24, 2020
Containerized soybeans, wheat, and corn from the US to Southeast Asia on the rise
With trans-Pacific container rates at an all-time high, even more containers are flowing from Asia to the US. The return leg is a different story, however, with empty space frequently seen on board. The US agriculture industry has spotted this crack, and expectations are high that containerized soybeans, wheat, and corn could fill the gap.
Sep 23, 2020
After Gastech, a sprint toward 2021 for the LNG sector and decision-making for projects
Harry Weber, Platts senior natural gas writer in Houston, and Stuart Elliott, editorial lead, Generating Fuels News, in London, discuss with Platts senior digital editor Jason Lindquist themes from the recently completed Gastech virtual conference and the outlook for gas, LNG and the integration of renewables in the energy transition occurring in parts of the world heading into 2021.
Sep 18, 2020
Global gas, LNG markets twisted around bullish, bearish elements, awaiting arrival of winter demand
Ira Joseph, head of gas and power for S&P Global Platts Analytics, and Ryan Ouwerkerk, manager of Americas natural gas pricing for S&P Global Platts, are back to discuss key uncertainties in the global natural gas and LNG market as winter approaches. With stagnating US production meeting robust storage inventories in US and Europe, will the arrival of winter demand provide further bullish momentum to global gas and LNG prices?
Sep 15, 2020
Agriculture Focus: Seeds of the future: veg oils soar while next generation biofuels emerge
Amid a rally in the global vegetable oils markets, Robert Beaman talks to vegetable oils editor George Duke and biodiesel editor Huw Shortland about the latest developments in the market for virgin and used vegetable oils. As supply and demand in these markets changes, the team also look at the impact on biodiesel and the emerging markets for renewable diesel (HVO) and sustainable aviation fuel (SAF).
Sep 8, 2020
The rise of proprietary traders in oil markets: a conversation with Onyx Capital CEO
Oil markets have experienced a quiet revolution for over the last decade as proprietary trading houses have gradually replaced the participation of banks. Andy Critchlow, head of news in EMEA for S&P Global Platts, recently caught up with Greg Newman, CEO of London-based prop trader Onyx Capital Group, to discuss the latest developments in oil and the outlook for more participants entering the market.
Sep 8, 2020
Dry bulk shipping: Traversing the pandemic times
S&P Global Platts dry bulk market experts Shriram Sivaramakrishnan, Carina Li, and Isaac Eio examine how the Capesize, Panamax and Supramax markets have fared in this pandemic-stricken trading environment, and what's in store for shipowners and freight rates in the coming months.
Sep 2, 2020
Changing trade flows: how China is helping CIS steel bounce back
The CIS steel industry has emerged from pandemic demand slumps relatively quickly thanks to Chinese demand and government incentives in Russia. Although further challenges lie ahead, production cuts at steel mills appear to be less severe than at their European peers. Platts Managing Editor Laura Varriale is joined by Platts Metals Editors Katya Bouckley and Wojtek Laskowski to discuss the current shape of Russia and Ukraine’s steel industry.
Sep 1, 2020
A region of promise and uncertainty: A dive into Eastern Mediterranean natural gas and LNG markets
Ira Joseph, head of gas and power for S&P Global Platts Analytics, and Ryan Ouwerkerk, manager of Americas natural gas pricing for S&P Global Platts, are joined by Samer Mosis, Platts team lead, EMEA LNG, to discuss a range of short- and long-term dynamics impacting the Eastern Mediterranean and Middle Eastern gas markets, from Tuna-1 to the future of Leviathan, Egyptian LNG and Cypriot markets.
Aug 28, 2020
Tellurian CEO Meg Gentile on the global LNG market, prices and US development
Meg Gentle, CEO of Tellurian, joins S&P Global Platts senior natural gas writer Harry Weber to discuss the global LNG market, the trajectory for prices and what lies ahead for US commercial development. She is a former marketing chief at Cheniere who is now developing an up to 27.6 million mt/year export facility in Louisiana called Driftwood LNG. Related story: Asian prices boost Driftwood LNG commercial efforts: Tellurian CEO
Aug 26, 2020
Drivers and challenges for US East Coast offshore wind development
There is a lot going on with offshore wind development -- particularly on the US East Coast, where S&P Global Platts Analytics estimates there could be over 37 GW of capacity installed by 2050 –- with Orsted involved in many of those projects. In this edition of the Platts Commodities Focus podcast, Jared Anderson, senior writer with S&P Global Platts, speaks with David Hardy, Orsted president and chief operating officer for North America offshore, about offshore wind contract pricing, transmission planning, regulatory developments, policy drivers and more.
Aug 21, 2020
How Texas' energy policies are working to shape ERCOT's energy transition
Amy Gasca, Manan Ahjua and Mark Watson of S&P Global Platts talk with Brett Perlman, CEO of the Center for Houston's Future and ex-Public Utility Commissioner of Texas, about the state's energy policies and the energy transition. * Is ERCOT's market functioning as it was intended? * How can Houston's role as "Energy Capital of the World" shape North America’s energy transition?
Aug 19, 2020
Project deferrals, spending cuts set the tone during North American midstream sector earnings
S&P Global Platts senior natural gas writer Harry Weber and S&P Global Market Intelligence midstream finance reporter Allison Good wrap up the recently completed second-quarter earnings reporting season by companies in the midstream sector. While some companies looked for expansion opportunities, others outlined additional capital spending cuts and project deferrals as operators of pipelines, processing facilities and liquefaction terminals looked for signs of a rebound in volumes.
Aug 19, 2020
Full throttle for new European freight benchmark prospects to West Africa
Gasoline volumes from Northern Europe to West Africa are expected to continue to grow, and new hedging tools may be needed for medium range clean tankers in the West of Suez market. Platts Shipping Editors Sam Eckett, George Griffiths, and Chris To discuss emerging benchmark opportunities into West Africa, while probing the unprecedented state of trans-Pacific container rates.
Aug 14, 2020
US natural gas moves higher in global market turnaround
Ira Joseph, head of gas and power for Platts Analytics, and Ryan Ouwerkerk, manager of Americas natural gas pricing for S&P Global Platts, take a look at how US natural gas prices have jumped and the turnaround in global gas benchmarks.
Aug 14, 2020
Price transparency a key factor in expanding hydrogen trade flows in Asia
The outlook for hydrogen Asia-Pacific has become a lot more positive over the last six to 12 months, with companies from Australia to Japan stepping up efforts to formulate policies and plan projects in the hope that the clean fuel can play a big role in the energy transition process. But at this point there are probably more questions than answers. How quickly new hydrogen projects can come up? How fast governments can formulate polices? And how soon trade flows and a transparent market place can develop? Peter Godfrey, Asia Pacific Managing Director of The Energy Institute of the UK, joins S&P Global Platts senior editor Sambit Mohanty in this episode of Commodities Focus Podcasts to discuss the opportunities and challenges in Asia's hydrogen market.
Aug 12, 2020
Oil companies Q2 roundup: Takeaways from the peak lockdown season
April was the nadir of the global demand slump from COVID-19 lockdowns while swinging output cuts from OPEC+ and a slump in US drilling hit production volumes across the board. Oil and gas producers have also been grappling with more pessimism over long term oil demand, have written down asset values and some have stepped up their energy transition game. S&P Global Platts senior writer Robert Perkins is joined by colleagues Nick Coleman, Starr Spencer and S&P Global Market Intelligence's Peter Marin to discuss the key themes of the latest earnings season.
Aug 5, 2020
Is Brazil becoming a net exporter of primary aluminum?
Brazil has shifted to become a net importer of primary aluminum since 2014, but the COVID-19 pandemic has changed the market outlook. Is the increase in Brazilian P1020 exports here to stay? How does this situation impact domestic supply? Adriana Carvalho and Henrique Riberiro of S&P Global Platts look at those issues and more.
Jul 31, 2020
Bearish fundamentals in power, natural gas markets to keep US West prices subdued this summer
Amy Gasca, Daryna Kotenko and Veda Chowdhury of S&P Global Platts discuss West power and natural gas markets and how current market fundamentals are shaping spot and forwards pricing for the remainder of the summer.
Jul 30, 2020
One-two punch: Global natural gas demand in an oversupplied, COVID-19 environment
Ira Joseph, head of gas and power for Platts Analytics, and Ryan Ouwerkerk, manager of Americas natural gas pricing for S&P Global Platts, look at the other side of the supply-demand equation, ranging from LNG cargoes pricing out pipeline deliveries to the prospects for further demand growth in the oversupplied and depressed pricing environment.
Jul 22, 2020
Sustainable aviation fuel: Ready for takeoff?
Over a decade after the first flight using sustainable aviation fuel took off, SAF has gained prominence in airlines’ sustainability tool boxes as the industry tackles its collective carbon footprint. Growing consumer awareness around the environmental impact of the transportation industry has added to this global dialogue. SAF has made inroads into the US via California however producers and airlines alike must navigate fragmented environmental policies that this nascent market. Sophie Byron, associate pricing director for agriculture in the Americas, and Ellie Valencia, senior pricing specialist for jet fuel, are joined by Chris Cooper, Neste’s vice president for renewable aviation in North America, to discuss the future growth of the SAF market.
Jul 22, 2020
Metals trade insights as markets emerge from coronavirus lockdowns
China appears to be almost singlehandedly supporting global metals prices on the back of a return to high levels of industrial activity. But other Asian markets are still slowly emerging from Covid-19 related lockdowns. How is this impacting iron ore, steel, coking coal, scrap and alumina demand and prices? Julien Hall, director of Metals for APAC, S&P Global Platts, and Paul Bartholomew, head of metals news and insight, APAC, Platts, discuss key findings from the latest quarterly spot market trade reviews, and ponder the implications of these on the current quarter. Related special report: https://insight.spglobal.com/story/platts-asia-metals-quarterly-trade-insight/
Jul 21, 2020
North American midstream sector eyes outlook for rebound as second-quarter results released
S&P Global Platts senior natural gas writer Harry Weber and S&P Global Market Intelligence midstream finance reporter Allison Good preview with senior digital editor Jason Lindquist the upcoming release of second-quarter earnings results by companies in the North American midstream sector. The April-June period covered the peak of the impact on demand from the coronavirus pandemic, so this will be an opportunity for the market to see how deeply that impact was felt and what the outlook is for a rebound heading into next year. Many operators have cut their growth spending budgets.
Jul 21, 2020
The exit interview: BP’s former CFO Gilvary on how to survive $40/b crude
Brian Gilvary spent almost a decade as chief financial officer of supermajor BP until he stepped down in June 2020. In an interview with Andy Critchlow and Robert Perkins from S&P Global Platts, Gilvary discusses a broad range of subjects including his career at BP; the challenges of reducing carbon emissions for hydrocarbons producers; living with $40/b crude and how hydrogen can transform the energy system.
Jul 17, 2020
Global natural gas markets adjust to bulging inventories, oversupply
Ira Joseph, head of gas and power for Platts Analytics, and Ryan Ouwerkerk, manager of Americas natural gas pricing for S&P Global Platts, take a look at oversupply in global natural gas markets.
Jul 16, 2020
US shale investor outlook: The new risk-reward equation
What might the US shale investor risk-reward equation look like as the market shows some signs of rebalancing and as lockdowns begin to ease? How long will it take the US shale sector to repair soured investor confidence? Tim Perry, managing director at Credit Suisse, digs into those topics and more with Jeff Mower, director of Americas oil news at S&P Global Platts.
Jul 15, 2020
Are US power markets pricing in the demand recovery this summer?
Jared Anderson, Kassia Micek and Manan Ahuja of S&P Global Platts delve into changing power market dynamics as coronavirus-related lockdowns ease in many areas and look ahead to see where market conditions might be headed for the remainder of 2020 and into next year.
Jul 14, 2020
Agriculture Focus: Indian rice exporters' emergence from lockdown
Labour shortages have been one of the key problems caused by the coronavirus crisis in the rice market. Robert Beaman talks to senior rice editors Rebecca Li and Peter Storey about how the Indian rice industry and its competitors have coped with access to labour during lockdown and the consequent market disruptions, while Piero Carello considers some of the lessons learnt by the agriculture sector as a result of the crisis.
Jul 9, 2020
Brouillette remains optimistic about industry rebound, US leadership in oil, gas
US Secretary of Energy Dan Brouillette joins Chris Newkumet, Washington bureau chief for S&P Global Platts, to discuss the state of America's energy markets -- what we know, where we are, and what's ahead. Topic for discussion include US oil production and exports, new oil price benchmarks, LNG trade flows, the future for US coal, and the ongoing energy transition.
Jul 9, 2020
Downside risk if gas supply rebounds, demand recovery falters
S&P Global Platts journalists discuss European gas, power and carbon market trends going into the third quarter of 2020. The markets saw price support in June as economies began to emerge from coronavirus lockdowns – but any faltering in demand or rebound in gas flows could undermine these trends, as could a modest uptick in French nuclear availability.
Jul 8, 2020
US corn prices ride high with bullish acreage report, but for how long?
The annual acreage report from the US Department of Agriculture saw a 5 million acre drop in corn planting from the Prospective Plantings report at the end of March. The resultant rise in corn prices coupled with low ethanol stocks lifted ethanol prices, the S&P Global Platts benchmark Chicago Argo terminal ethanol price reached its highest level in eight months seven on July 7. Join Sophie Byron, associate pricing director for agriculture in the Americas; Pete Meyer, director of agriculture analytics; and Rafael Savoia, pricing specialist covering Latin American corn, as they discuss what is happening to Americas corn crop and how the Brazil and Argentina export programs are shaping up.
Jul 3, 2020
The growing importance of ESG in the commodities space
The death of George Floyd in the US on May 25 significantly raised global awareness of racial and cultural issues. Within this environment, giant resources company Rio Tinto attracted opprobrium for the destruction of an indigenous sacred site in Western Australia during the expansion of an iron ore mine. In light of this, how might ESG (environmental, social and corporate governance) play a bigger role in resources? Could it impact iron ore supply? What might it mean for the way mining companies are rated? S&P Global Platts Head of News for Asia Mriganka Jaipuriyar discusses these issues with Platts APAC Head of Metals News and Insight Paul Bartholomew, and S&P Global Ratings Associate Director, Corporate Ratings, Minh Hoang.
Jul 1, 2020
Is the slump in European steel demand here to stay?
S&P Global Platts managing editor Laura Varriale talks to steel news editor Annalisa Villa and pricing specialists Amanda Flint and Len Griffin about the state of the European steel industry after lockdowns start to ease across mainland Europe, sparking hope for more industry activity.
Jun 30, 2020
UK’s Net Zero drive: hydrogen’s potential and challenges
In the UK, the drive toward Net Zero 2050 makes hydrogen an attractive investment, but questions remain about how markets will develop and the associated costs. Hydrogen has vast potential to decarbonize hard-to-abate sectors such as heavy transport, home heating and industry, but the path to decarbonisation is still not entirely clear. Jeffrey McDonald speaks with Corin Taylor, principal consultant in DNV GL and Tony Smith of Peel, to dive further into these questions and the potential for a hydrogen hub to emerge in the UK.
Jun 26, 2020
Mapping out hydrogen's role in Asia's energy transition
As the push towards clean fuels intensifies, many alternate energy sources are figuring in discussions among policy makers in Asia, as they prepare for energy transition. One fuel that has garnered a lot of attention is hydrogen. From finding low-cost production methods to creating a transparent price discovery mechanism, hydrogen has a few challenges to overcome to make bigger inroads into leading Asia-Pacific markets, says Edgare Kerkwijk, Board Member of the Asia-Pacific Hydrogen Association, in an interview with S&P Global Platts Senior Editor Sambit Mohanty.
Jun 24, 2020
Key developments driving South Asian thermal coal demand
S&P Global Platts global thermal coal experts Deepak Kannan, Fred Wang and Sarah Matthews discuss key developments driving coal demand in the South Asian region, specifically in Bangladesh and Pakistan, and explain how Platts new assessments shed light on the price impact and supply-demand fundamentals in the region.
Jun 18, 2020
A conversation with Total's Philippe Sauquet
France’s Total was the first mover among European oil and gas majors to announce its ambition to become a greener company, creating in 2016 a separate division for gas, renewables and power under the leadership of Philippe Sauquet. Sauquet joined S&P Global Platts on June 10 for an in-depth chat about Total’s strategy, its ambitions to grow the business, and challenges facing the sector given low energy prices and the impact of the COVID-19 crisis.
Jun 17, 2020
Who’s the boss? OPEC+ tries to reassert control of oil market
After a collapse in oil demand due to both the COVID-19 pandemic and the accord between Saudi Arabia and Russia earlier this year, OPEC+ is now back in the driving seat. It has extended its unprecedented production cut deal through July, tried to crack down on those that lack the will power to deliver their share and brought in frequent market monitoring in a bid to react quickly to rapidly changing conditions. S&P Global Platts seasoned OPEC watchers Paul Hickin, Herman Wang and Rosemary Griffin examine whether this is a new and improved alliance or whether the same old cracks may start to appear.
Jun 16, 2020
The road ahead for Northeast and Southeast Asian thermal coal markets
S&P Global Platts Asia thermal coal team Deepak Kannan, Fred Wang and Jenny Ma discuss key developments in Northeast and Southeast Asia region amid the coronavirus pandemic, while Platts Analytics analyst Matthew Boyle gives a peek into the outlook for coal demand and supply-demand fundamentals for the rest of 2020.
Jun 12, 2020
Global demand destruction due to pandemic clouds US natural gas storage outlook
US working natural gas in storage started the injection season with levels well above the five-year average. After the onset of the coronavirus pandemic, heavy US demand destruction was anticipated, which would add to the storage glut. However, residential and commercial and gas-fired generation demand have remained resilient. From a global perspective, the pandemic has led to a steep drop in US LNG exports. LNG feedgas demand started out 2020 setting record highs, nearing 9 Bcf/d, but the softened global demand picture has cut feedgas deliveries in half. US storage levels are expected to enter the heating season in November with than 4 Tcf underground, but lower associated gas production in oil-rich basins adds an element of downside risk.
Jun 10, 2020
Are petrochemicals stepping into a post-pandemic recovery?
As lockdowns ease off and upstream markets begin to recover, the petrochemical sector looks carefully at its own end user demand, as well as to Asian export opportunities. Callum Colford and Abdulaziz Ehtaiba tell Ora Lazic about market fundamentals in the European olefins and their derivatives going into H2 2020, and review what the post-pandemic recovery might look like.
Jun 5, 2020
Aviation’s future: Fuelled by hydrogen?
Despite challenges in the commercial aviation sector, hydrogen remains a potentially disruptive energy carrier and transportation fuel, particularly in decarbonisation scenarios. Aviation is responsible for between 2%-3% of global emissions, and most of the abatement has come from blending biofuels into the existing blend. Could hydrogen play a bigger role in aviation? How does the current economic crisis, which has decimated the aviation industry, factor into current research and trends? Jeffrey McDonald speaks with Dr. Anita Sengupta from Airspace Experience Technologies and Roel van Benthem from Royal Netherlands Aerospace Centre to discuss these questions and more.
Jun 4, 2020
From boom to bust: How long can tankers benefit from the floating storage craze?
The recent floating storage boom drove tanker freight earnings to levels last seen during the Golden Tanker Era of 2004-2008, but how sustainable are VLCC time charter equivalent revenues in excess of $100,000/d? Tanker owners have now concluded their first-quarter earnings call season and were wondering how long the current boom would last. Barbara Troner, Catherine Wood and Marieke Alsguth discuss what’s been driving the Americas tanker markets into the second quarter, comparing shipowner hopes and concerns with current market reality.
Jun 4, 2020
Libyan oil exports briefly pick up, NOC gears up for cautious return
Libya exported some crude and condensate from its storage caverns at the Zawiya terminal this week, a first from this port in almost four months. But with the civil conflict still brewing in the volatile North African oil producing powerhouse, a full or sustained return of Libyan oil is unlikely. When these barrels do come back, they will face a crowded sweet market place along with an oil market still reeling from a huge demand loss brought upon by the Coronavirus pandemic. Platts reporters Eklavya Gupte, Charlotte Bucchioni and Nicholas Baldwin tell Joel Hanley the latest.
Jun 4, 2020
A conversation with Mercuria Energy Trading's Marco Dunand
S&P Global Platts talks to Mercuria CEO and co-founder Marco Dunand about the challenges, implications, and opportunities that the COVID-19 pandemic presents across all the key commodity classes in a time of unprecedented volatility in the global markets. Founded in 2004, Mercuria Energy Trading is one of the world biggest independent energy traders with a turnover of $116 billion last year. Operating in more than 50 countries, Mercuria trades oil, petrochemicals, biofuels, natural gas and LNG, power, coal, iron ore, base metals and a range of other dry bulk commodities.
Jun 4, 2020
India's steel industry faces tough post-COVID-19 test
India has started to wind back its lockdown regime but domestic demand for steel could remain muted until the October-December quarter. This has left Indian mills relying on overseas markets, particularly China, in recent times. But how sustainable is this approach? How will the various downstream segments in India perform in the coming months? S&P Global Platts Head of Metals News & Insight for APAC Paul Bartholomew discusses these and other issues with Asian Steel Markets Editor Ashima Tyagi.
Jun 2, 2020
Is demand high enough to restart the US ethanol market?
The S&P Global Platts benchmark Chicago Argo ethanol assessment has trended upward and ethanol inventories have started to drop after reaching record highs as production has climbed. Does this mean that the US ethanol industry is recovering from COVID-19? Join Platts Agriculture Associate Pricing Director Sophie Byron and pricing specialists Wes Swift and Sergio Alvarado as they discuss the US ethanol industry’s response to the COVID-19 pandemic, how it affects corn and DDGS prices, and the future of all three markets in a post-pandemic economy.
May 29, 2020
Brazil's sugar and ethanol markets planning a post-pandemic strategy
Brazil, the top global sugar producer and second-largest ethanol producer, started its Center-South crop on April 1, targeting to crush 600 million tons, amid a global consumption crisis and huge uncertainty in the world’s economy amid the coronavirus pandemic. S&P Global Platts senior analysts Beatriz Pupo and Claudiu Covrig join senior price specialist Nicolle Castro for a wide discussion about sugar and ethanol production, consumption and price expectations during and after the pandemic.
May 29, 2020
After the Storm: The Shipping markets navigate H2 2020
London shipping editors Wyatt Wong, George Griffiths, and Sam Eckett explore the devastated LNG, container, and dry bulk markets post-COVID-19. How can shipping recover from a global demand drought? Can positive sentiment for the second half of 2020 stand up to the facts?
May 28, 2020
China's Two Sessions provide positives for oil, metals
At China's latest "Two Sessions," the government did not provide a GDP target for 2020, but it outlined plans to boost infrastructure investment. The big focus this year was on maintaining employment levels and protecting the economy from uncertainties caused by the coronavirus pandemic. What are the implications for the oil and metals markets? Will it be enough to drive consumption? S&P Global Platts head of metals news and insight for APAC Paul Bartholomew discusses these issues with colleagues senior steel analyst Zhang Jing, senior oil analyst Oceana Zhou, and market insights head for China Sebastian Lewis.
May 28, 2020
Coronavirus lockdowns put the spotlight on crude oil storage
US crude storage quickly became a major issue at the crux of the coronavirus lockdowns, as global markets struggled to find enough places to stash oil amid the oversupply and decreased demand. That created a huge incentive for traders and producers to store their barrels instead of selling them on a prompt, physical basis, which overwhelmed storage availability. Ernie Barsamian, CEO of the Tank Tiger, talks with Laura Huchzermeyer, managing editor of the Americas crude team at S&P Global Platts, about the changes and challenges of the storage market.
May 27, 2020
A slow recovery for global petrochemical markets
S&P Global Platts market specialists Kevin Allen, Lara Berton, and Eric Su, give a global view on petrochemical markets dealing with the consequences of the recent oil price crash and the coronavirus pandemic, with particular focus on olefins, polymers and aromatics.
May 22, 2020
US power sector known for reliability, contingency planning faces challenges from coronavirus
The US power sector is known for its high level of reliability and focus on contingency planning and redundancies, but what happens when working next to your colleague suddenly becomes a health hazard? Scott Aaronson, vice president of security and preparedness for the Edison Electric Institute, talks with Jasmin Melvin of S&P Global Platts about emergency preparedness for utilities and the challenges ahead for the industry.
May 21, 2020
US wind industry has enjoyed rapid growth, but sees disruptions from coronavirus
Renewable energy continues to grow at a rapid pace in the power markets. Tom Tiernan, CEO of the American Wind Energy Association, talks with Manan Ajuha, senior director, North America power analytics, S&P Global Platts, about the economics of US offshore and onshore wind development, policy priorities, and the industry's challenges ahead.
May 19, 2020
Back in black: The oil market’s way forward
After a historic collapse into negative territory, oil prices have rebounded on the backs of OPEC+ production cuts and the first glimmers of an economic recovery from the COVID-19 pandemic. Will the upward trend be sustainable? S&P Global Platts news editors examine the latest market forecasts and the dynamics influencing the OPEC+ alliance’s ability to bring down the global surplus of oil.
May 18, 2020
Market stress leads to dim near-term outlook across North American midstream gas sector
S&P Global Platts senior natural gas writer Harry Weber and S&P Global Market Intelligence midstream finance reporter Allison Good analyze the just-completed release of first-quarter earnings results by companies in the midstream sector. The rocky market is expected to continue in the months ahead due to the coronavirus pandemic, with impacts on supply, demand and prices. Companies are cutting spending and delaying projects to address the market turmoil.
May 15, 2020
US power markets expected to rebound as coronavirus orders are phased out
As states begin to lift coronavirus pandemic stay-home orders and business start the process of reopening, power load is expected to slowly rebound from the increase in commercial demand. However, it could take some time as many states have a phased-in approach while many areas are still under local restrictions. By early May, 23 states had begun to lift stay-home orders with a handful of states expected to start the process by mid-May, but another handful of states still have no end date in sight.
May 14, 2020
PVC markets feeling the force of pandemic's global impact
Demand destruction from shutdowns designed to slow the spread of the coronavirus pandemic has put PVC, a construction staple, through the ringer in recent months. S&P Global Platts editors Kristen Hays, Ora Lazic and Fumiko Dobashi take a look at the situation in the Americas, Europe, the Middle East and Asia.
May 13, 2020
Battery technology to play an important part of broader energy transition
Battery technology for electric vehicles and energy storage will play an important part of the broader energy transition. Key topics include understanding cost trends and competitivenes of these technologies and challenges ahead for alternative storage technologies. Roman Kramarchuk, head of energy scenarios, policy and technolgy analytics at S&P Global Platts, talks with Christina Lampe-Onnerud, founder and CEO of Cadenza Innovation.
May 13, 2020
There are bright spots for commodities: Jim Rogers
Will commodity markets ever be the same again? Global investor Jim Rogers, chairman of Beeland Interests Inc., talks to Sambit Mohanty, S&P Global Platts senior editor, to discuss what lies ahead for commodity markets, where the silver linings are as the coronavirus pandemic continues to trample markets, and the pains of recession.
May 8, 2020
Q1 earnings provide snapshot of pandemic's impact on oil sector, hint at what's to come
It's been a chaotic couple of months for the global commodities markets, and the oil sector has been on the firing line of the price and demand collapse resulting from the coronavirus pandemic. Within days of lockdowns, expanding from Asia into Europe and the US, capex cuts were announced by oil and gas producers as they rapidly adjusted their spending plans to shore up budgets as prices slumped. The majority of oil majors have reported their first-quarter earnings, showing a partial snapshot of the pandemic's impact on commodity markets.
May 6, 2020
LNG market disruption pushes developers to defer decisions on new liquefaction projects
S&P Global Platts senior natural gas writer Harry Weber and S&P Global Platts Analytics head of gas and power Ira Joseph discuss the latest developments in the global LNG market as the weak price environment continues and project developers face challenges securing long-term contracts to finance new terminals. Amid supply and demand disruptions, decisions on new projects are being deferred to 2021 and perhaps beyond.
May 1, 2020
US natural gas market buffeted by global crude oil, LNG market headwinds
US natural gas prices have long been primarily determined by domestic supply and demand dynamics; however, with the rise of associated gas production in prolific basins like the Permian and the buildout of substantial LNG export capacity, the US natural gas market is experiencing unprecedented exposure to global market dynamics. S&P Global Platts senior natural gas pricing specialists Eric Janssen, Veda Chowdhury, and Kelsey Hallahan discuss the dynamics currently at play, with an eye to what’s to come.
May 1, 2020
A conversation with the LME's Matthew Chamberlain
S&P Global Platts experts interviewed Matthew Chamberlain, CEO of the London Metal Exchange, and the youngest one in history. The key topics of discussion revolved around the temporary switch away from traditional open outcry trade in the face of the coronavirus pandemic and how things will evolve from an environment standpoint once the world restarts.
Apr 29, 2020
Europe's steel industry battles with supply and demand during COVID-19
Europe is slowly coming out of lockdown and steel mills in Southern Europe can gradually ramp up production again. The steel market is however still far away from a healthy supply and demand balance - with prices dipping and production cuts remaining in place across most of Europe's steelmakers. Laura Varriale talks to Annalisa Villa, Viral Shah and Amanda Flint about how the steel industry is reacting to dropping demand and what that means for steel and scrap prices during these unprecedented times.
Apr 28, 2020
Out of the frying pan: Global veg oils markets wrestle with COVID-19 disruptions
Supply and demand in the global vegetable oils markets have both shifted in response to the coronavirus crisis, resulting in increasingly complex and unpredictable price trends. Robert Beaman talks to George Duke and Piero Carello about how production and consumption have changed in Asia, while Rowan Staden-Coats looks at how this has combined with trends in the European biofuels sector to influence the market for used cooking oil.
Apr 24, 2020
Pandemic oil markets have products tankers buzzing
Pandemic oil demand destruction has converted clean products tankers into offshore storage containers as onshore storage is approaching tank top. Forced floating storage as a result of discharge problems has the products tanker markets buzzing arguably at a faster pace at present than their larger sisters on the crude side. Barbara Troner, Marieke Alsguth and Chris To of the S&P Global Platts shipping team put their heads together with Platts’ Beth Brown to explore the dynamics of current products forward pricing structures and floating storage opportunities.
Apr 22, 2020
Coal markets struggle as mines are suspended worldwide
Coal markets are giving way to the coronavirus pandemic as cascaded demand and international government regulations left producers presented with the complex decision to slash supply. Sarah Matthews discusses the situation with EMEA coal market specialist Joseph Clarke, Asia market specialist Fred Wang and Jenny Ma, and Americas market specialists Tyler Godwin and Olivia Kalb.
Apr 21, 2020
Renewable curtailments in California increase as demand drops due to coronavirus
California is showing significant power price drops as a result oversupply, congestion and decreasing demand, with renewable curtailments increasing.
Apr 17, 2020
Coronavirus poses dim near-term outlook for North American midstream sector
S&P Global Platts senior natural gas writer Harry Weber and S&P Global Market Intelligence midstream finance reporter Allison Good preview the upcoming release of first-quarter earnings results by companies in the North American midstream sector. It will be the first opportunity for the market to see how extensive the impact of the coronavirus pandemic has been on operators of pipelines, processing facilities, gathering systems and liquefaction terminals. The near-term outlook is expected to be dim for many.
Apr 15, 2020
Oversupply, coronavirus put US crude oil storage in the spotlight
US crude storage has quickly become an overwhelmingly important issue as the global market continues to grapple with an oversupply of crude and dramatically dwindling demand in light of the coronavirus pandemic. A steep contango in the oil market structure has created the huge incentive for traders and producers to store away their barrels instead of selling it on a prompt physical basis and this is quickly overwhelming storage availability. Joining the podcast is Richard Redoglia, the CEO of Matrix Global Holdings, which launched the world’s first futures contract on crude oil storage capacity and holds monthly storage contract auctions.
Apr 15, 2020
A conversation with Goldman Sachs's Jeff Currie
Global demand for commodities has been obliterated. From copper as a barometer of the global economy to oil as a potential inflation hedge, no commodity has escaped the impact of coronavirus. Jeff Currie, head of commodities research at Goldman Sachs and someone who identified the commodities supercycle in the 2000s, did a Q&A with the London news team at S&P Global Platts on 7th April hosted by Paul Hickin and Andy Critchlow. He discussed what a potential supply and demand recovery could look like and what the OPEC+ deal could mean for crude markets. In a wide-ranging discussion he brought his insight to LNG, the broader metals complex, shale oil and energy transition too.
Apr 14, 2020
Coronavirus impacts power fundamentals across the world, with implications for North America
US power markets are following similar trends from Asia and Europe following the coronavirus track, which is creating supply and demand challenges. Peakload averages were down more than 10% in March compared with a year earlier, power dailies have yet to see a dramatic impact, and pricing forwards experienced movement that was more drastic in March for April and May packages.
Apr 7, 2020
North American LNG exporters face difficult test as price plunge sets new lows
S&P Gloal Platts senior natural gas writer Harry Weber and S&P Global Market Intelligence natural gas reporter Corey Paul discuss with Platts senior digital editor Jason Lindquist current trends in the North American and global LNG markets amid ongoing headwinds, including low prices, narrow margins, shifting trade flows and a significant dropoff in commercial activity that has been exacerbated by the coronavirus pandemic. The outlook has been clouded by extraordinary uncertainty about the near-term trajectory of supply and demand fundamentals.
Apr 7, 2020
The impact of COVID-19 on the ethylene and petchems markets
With COVID-19 lockdowns in Europe rapidly bringing the petrochemical demand into a lull, pressure on the upstream naphtha market has become two-fold in the recent weeks. Travel restrictions and the progressive loss in demand from the petrochemical sector have added extra weight. S&P Global Platts ethylene and naphtha editors look closely at the cycle of events since the coronavirus breakout.
Apr 7, 2020
COVID-19, weather conditions, market fundamentals leave corn markets in turmoil
S&P Global Platts agriculture specialists Liz Thang, Rafael Savoia, Sergio Alvarado, and Andrei Agapi examine the factors driving corn prices as trading communities in Asia and the Americas try to manage market volatility and logistics disruptions due to the coronavirus pandemic, as well as the usual weather issues.
Apr 3, 2020
'Cheap oil' takes VLCC freight for a bull ride on floating storage play
The tsunami of IMO 2020 turned into a tidal wave of cheap oil as producers flood the crude oil market and refiners cut runs amid the COVID-19 demand destruction. In the meantime crude is heading toward containment in tankers floating offshore. Catherine Wood and Barbara Troner of the S&P Global Platts shipping team put their heads together with Platts crude editor Kristian Tialios to explore the dynamics of current floating storage plays.
Mar 31, 2020
With production cutbacks in autos and aerospace, coronavirus hits aluminum
Metals like aluminum and steel had been relatively unaffected as COVID-19 began to spread in the US, but the shift came as automakers – including The Big 3 and others – announced temporary production stoppages in North America. Auto is a growing demand sector for aluminum. Another big consumer – the aerospace industry – has been gutted as airlines have slashed flights and Boeing announced a temporary production stoppage in Washington state. A number of states have implemented lockdowns of non-essential businesses, as well. Chris Davis, Sarah Baltic and Nick Ruggiero of S&P Global Platts examine the aluminum market and where it might be headed.
Mar 31, 2020
Are there signs of economic recovery in the shipping markets?
The shipping markets are often considered a bellwether of global trade, and the dry bulk and container markets are on their knees due to the coronavirus pandemic. Editors George Griffiths and Sam Eckett take a look at whether there are any positive signs of global economic recovery in the seaborne markets while on-shore market participants remain bound to their living rooms.
Mar 27, 2020
Falling number: European wheat in a new price environment
Global commodity markets have been hit by a combination of the oil price war and the coronavirus pandemic, and European wheat is no exception. Robert Beaman talks to senior grains editor Alexandre Bobylov about how the French and Black Sea Wheat markets are reacting, while Piero Carello looks at how the pandemic and fluctuating exchange rates are affecting the agriculture logistics chain.
Mar 26, 2020
Efforts to combat coronavirus lead to changes for US power markets
The coronavirus pandemic has impacted all aspects of daily life and US power markets are not immune. With the majority of people staying at home, per recommendations to stop the spread of the disease, grid operators are keeping a close eye on changes in power demand and how to respond.
Mar 24, 2020
US distillate prices in free fall amid coronavirus outbreak
Cash prices for US diesel and jet fuel markets have been under heavy pressure since the coronavirus outbreak hit the US. Jet fuel has seen the worst impact, with prices falling to multiyear lows. Diesel prices have mostly avoided any large drops, but it’s unclear how long that will last. Ellie Valencia, senior pricing specialist for US jet fuel; and Margaret Rogers, senior pricing specialist, US diesel; discuss the markets with Joshua Brown, manager, US distillates and Latin products.
Mar 24, 2020
Oil price crash and COVID-19: A two-pronged impact on global petrochemical markets
S&P Global Platts market specialists Kirsten Hays, Eric Su, and Simon Price join associate director Vanessa Ronsisvalle to give a global view on how the impact of the coronavirus pandemic and the recent oil price crash are affecting petrochemical markets, with particular focus on blendstocks, olefins, and aromatics.
Mar 20, 2020
Steel market adapts to rapid changes as coronavirus spreads across US
Unlike other commodities sectors, the domestic steel market seemed to be largely immune during the first few weeks of Covid-19’s spread across the US. Prices held relatively steady and mill production was fairly constant, with most participants basically in wait-and-see mode, but concern was limited. The scenario has shifted dramatically in recent days. The Big 3 automakers of GM, Ford and Fiat-Chrysler, as well as Honda and Toyota, announced temporary production stoppages in North America. That got the attention of flat-rolled steel producers, distributors, and even scrap processors. Christopher Davis, S&P Global Platts regional pricing director for metals in the Americas, examines the market with Mike Fitzgerald, US ferrous metals managing editor, and and Nick Ruggiero, regional metals derivatives manager.
Mar 20, 2020
China's tax rebate a welcome relief to domestic producers, but bunkering hub aspirations still far from reality
China's long-awaited value-added-tax rebate on fuel oil paved the way for domestic producers to supply bunker fuel to ships plying international routes at Chinese ports. A month after its implementation, S&P Global Platts fuel oil experts Su Ling Teo and Rajesh Nair examine what has changed and what the road ahead looks like for China's bunker market, and whether it the country is getting closer to its dream of being a bunkering hub in Asia.
Mar 18, 2020
Sugar in the time of coronavirus
With commodities weakening on the back of the coronavirus epidemic and the oil price crash, Robert Beaman of S&P Global Platts talks to sugar specialists Nicolle Monteiro de Castro and Beatriz Pupo about the impact on the Brazilian sugar market. Brazilian sugar has been in the news following February’s reversal of fortunes in Brazil’s Center-South region, which saw sugar prices starting to pay producers better than ethanol for the first time since 2017. Joined by global manager Piero Carello, the team investigates the impact on the Brazilian sugar and ethanol markets and looks at the global context of these changes.
Mar 17, 2020
Pessimism spreads in US LNG sector as coronavirus exacerbates market woes
US LNG developers face challenges advancing any new export projects this year amid the escalating coronavirus outbreak, which has exacerbated the drop in global demand that has already led to record-low prices in Asia. Decision makers are lamenting that for the foreseeable future China’s door appears to be shut to US LNG, and that has put the sector in hunker-down mode as participants try to ride out the turmoil. S&P Global Platts senior natural gas writer Harry Weber and senior digital editor Jason Lindquist discuss the challenges ahead.
Mar 13, 2020
Part 2: Plunging oil prices, pandemic having dramatic downstream impact
With oil prices off roughly 30% in the past week in face of falling demand triggered by the coronavirus pandemic, impacts in the downstream are far-reaching. Changes in crude flows, refinery operations, LNG development and petrochemical price dynamics all are newly in play. Editors from S&P Global Platts and S&P Global Market Intelligence explore market and industry dynamics triggered by the extreme volatility in world oil markets, with a special focus on downstream us oil, natural gas, LNG and petrochemical operations. Also check out Part 1: Volatility in global markets creates havoc for upstream US oil, gas and LNG
Mar 12, 2020
Part 1: Volatility in global markets creates havoc for upstream US oil, gas and LNG
The ongoing and extreme volatility in world oil markets has triggered a range of industry dynamics in the US. Editors from S&P Global Platts and S&P Global Market Intelligence examine the latest market news, with a particular focus on upstream US oil, gas and LNG operations. Coming soon: Part 2: Downstream impacts
Mar 11, 2020
Asian naphtha reels from fall in China's petrochemical consumption, import demand
S&P Global Platts refined products experts Wendy Cheong and Wanda Wang focus on the impact of lockdown policies in parts of China on petrochemical deliveries, the buildup in stocks, and the effect on the Asian naptha market.
Mar 4, 2020
FERC's expansion of minimum offer price rule sets off scramble to assess impacts
Clean energy resource capacity in PJM Interconnection states has been increasing in recent years, often spurred by state programs that provide financial support. In response, the Federal Energy Regulatory Commission’s December 19 order aimed to combat the potential price-suppressing effects of subsidized resource participation, setting off a scramble to assess the impacts of the rule.
Feb 27, 2020
Unpacking the impact of COVID-19 on China's thermal coal, LNG markets
S&P Global Platts editor Eric Yep and pricing specialists Fred Wang and Srijan Kanoi examine the impact of the novel coronavirus, COVID-19, on China's coal and LNG markets, and take a look at potential demand centers that could absorb existing supplies in the market.
Feb 27, 2020
Waiting for rain: rice prices rise as Thai drought bites
Amid prolonged drought in Thailand, the latest S&P Global Platts Commodities Focus podcast investigates the damage to the country’s vital agriculture sector. This has been most keenly-felt in the rice industry, and EMEA agriculture lead Robert Beaman discusses the latest developments in production and prices with rice expert Stephen Jones. They are joined by rice team manager Charlotte James and senior reporter Peter Storey, as well as Piero Carello, who highlights some surprising parallels with the situation in the sugar market.
Feb 25, 2020
Costing sustainable hydrogen: prices, pathways and policies
Hydrogen is seen across all sectors of the economy, from transportation to industry, power generation and domestic heat, as a potential decarbonisation tool. Huge questions remain about the cost and route to market of low and zero carbon H2 production, and whether governments and industry are willing and able to step up and accelerate a transition to meaningful scale. This episode of the Commodities Focus podcast defines the pathways to H2 decarbonisation, explains what S&P Global Platts is doing to shed light on an opaque market and looks at emerging strategies in Europe and beyond.
Feb 18, 2020
Sparking the transition: finding a home for new gas supply to 2025
With natural gas prices bumping down to record lows and supplies set to increase in the coming years, sellers of gas into Europe are keeping everything crossed that coal and nuclear closures will galvanize a new dash-for-gas in generation markets. Platts news and analytics experts compare notes on the state of the market, the outlook for pipeline and LNG supply and the prospects for new gas burn in the generation markets of Germany and Italy.
Feb 18, 2020
India's steel sector: turning a corner or facing more hurdles ahead?
With India's domestic steel prices staging a recovery, steelmakers have shifted their focus to their home markets. However, they remain cautious about any repercussions from COVID-19, fundamentally slow demand growth, an uninspiring Union Budget, and ongoing auctions for mining leases. Will India's domestic market continue showing strength in the face of these developments? S&P Global Platts Asian Steel Markets Editor Ashima Tyagi discusses these issues and more with Head of APAC Metal Insights Paul Bartholomew.
Feb 13, 2020
COVID-19 crushing China's steel and iron ore demand
Steel and raw materials markets have been particularly affected by the coronavirus, as two of the key demand sectors – construction and manufacturing – remain in limbo awaiting workers to return. Meanwhile, deliveries of raw materials have been held up by logistical constraints, while mills are tentatively starting to trade again. Paul Bartholomew, S&P Global Platts head of market insight for metals in Asia-Pacific is joined by Keith Tan, Platts senior managing editor, for steel and raw materials, and Niki Wang, who heads up the Platts iron ore pricing team to discuss the current market situation in China.
Feb 12, 2020
Geopolitics, coronavirus foul IMO 2020 tanker owner freight negotiations
A little over a month into the IMO 2020 switch from 3.5% to 0.5% sulfur bunker fuels, the lifting of US sanctions on COSCO-owned tankers and dented crude oil and jet fuel demand due to the coronavirus outbreak had tanker freight take a u-turn and re-open arbitrage flows from the US Gulf Coast. Marieke Alsguth, Barbara Troner and Catherine Wood of the S&P Global Platts shipping team talk about how the first 40 days of IMO 2020 have shaped up for the Americas loading tanker markets.
Feb 11, 2020
Oiling the gears of the vegetable oil complex
From the bursting bubble of palm oil prices, to the soybean harvests of South America and the far-reaching impact of the coronavirus, the global vegetable oil markets are multi-faceted and dynamic. Join Robert Beaman, George Duke, Anu Das, Rafael Savoia and Huw Shortland to understand the complicated and fast-moving world of vegetable oils, and why prices have come under pressure in recent weeks.
Feb 7, 2020
Demand dive, price shocks dominate commodity markets hit by coronavirus impact
The coronavirus outbreak, which has been declared by the World Health Organization as a global health emergency, is expected to slowdown economic growth in China, the world's largest crude oil, iron ore and soybean importer, and steel exporter. S&P Global Platts Analytics, Insight and Pricing teams gather to take a deep dive into the demand and price impact of the outbreak on the commodity markets.
Feb 6, 2020
Trading structure, pricing dynamics shift in Brazilian fuel market
Brazil, the largest fuel consumer in South America, has been going through many changes in fuel consumption and pricing dynamics. Since state-led oil company Petrobras started to follow the international price parity reference for gasoline and diesel, E100 hydrous ethanol consumption has started to spike due to a favorable price advantage for consumers. Brazilian drivers have shifted their consumption to the biofuel E100 and in 2019 the hydrous share in the country’s energy matrix accounted for 44%, or double the share seen in 2017. The fuel market changes are continuing in Brazil, with Petrobras planning to sell eight of its 13 refineries and open up the refining market for multiple competitors.
Feb 4, 2020
New challenges loom for US power markets
A new decade is bringing new challenges for US power markets. The renewables buildout continues to disrupt the market in ways never seen before, mild winter weather and very weak natural gas prices have depressed power prices, and the PG&E situation is ever evolving. Kassia Micek, Mark Watson and Jeff Ryser of the Platts Americas Power Team look at the biggest stories across the US power market and what it all means for the coming months and years.
Jan 31, 2020
Global Power Podcast: Signposts of the energy transition and meeting 2-degree targets
In light of the proposed Green Deal to make Europe carbon neutral by 2050, it is clear that the energy transition is on the forefront of policymakers’ minds. Roman Kramarchuk and Dan Klein of S&P Global Platts Analytics put the European energy transition into a global context, and the likelihood of meeting 2-degree warming targets.
Jan 30, 2020
The Wuhan Ban: The coronavirus and IMO 2020 stifle the shipping markets
We’re one month into the new IMO 2020 sulphur cap and Container Editor George Griffiths and Dry Bulk Editor Sam Eckett look at how the container and dry bulk freight markets are reacting at this time, whilst keeping a fairweather eye on Lunar New Year and the rapid spread of coronavirus which is eating into customer confidence in the freight world.
Jan 28, 2020
One year later, US sanctions on Venezuela's PDVSA have had wide market impact
January 28 marks the one-year anniversary of sanctions imposed by the US Department of Treasury on Venezuela's state-run oil producer, PDVSA, which has been translated as a de facto ban on Venezuelan crude exports to the US market. Since then, PDVSA has seen a deterioration of its oil industry and has struggled to sell its crude barrels in international markets. In contrast, other Latin American crudes competing for business in the US Gulf Coast not only have been favored with increasing demand in that region, but also in Asia. Francisco Monaldi, fellow in Latin American energy policy at the Baker Institute for Public Policy at Rice University, and Maria Eugenia Garcia, Latin American crude senior editor with S&P Global Platts Platts, discuss the impact of the sanctions on the international crude market.
Jan 28, 2020
Using RED to go green: ethanol market picks up speed
With 2020 bringing increased blending and greenhouse gas saving mandates to the EU biofuels market, the latest S&P Global Platts Commodities Focus podcast looks at why the ethanol market exists and how EU ethanol mandates filter through to the daily experience of road users. EMEA agriculture pricing lead Robert Beaman discusses current market trends with biofuels managing editor Chrysa Glystra and ethanol editor Huw Shortland, while gasoline editor Solomon Lanitis highlights the impact of ethanol use on the much larger gasoline market.
Jan 24, 2020
Uncertainty remains for US LNG project developers following initial China trade deal
S&P Global Platts senior natural gas writer Harry Weber and S&P Global Market Intelligence natural gas reporter Corey Paul discuss with Platts head of Americas gas news Joe Fisher the outlook for US LNG export projects following the initial trade agreement that the US and China signed January 15. The agreement keeps tit-for-tat tariffs from escalating, but existing Chinese duties on imports of US LNG remain. Weak Asian LNG prices have added a new wrinkle to commercial talks for American developers.
Jan 24, 2020
What's in store for China's steel production in 2020?
Chinese crude steel production had a bumper year in 2019, rising 8.3% to just short of 1 billion mt, according to the National Bureau of Statistics. S&P Global Platts steel specialists Paul Bartholomew and Jing Zhang revisit the factors that underpinned the growth in China's steel output last year, and examine the drivers that could support and impact the country's steel production in 2020.
Jan 22, 2020
A respite without a resolution for commodity markets after initial US-China trade deal
An initial trade agreement between the US and China signed by officials from both countries January 15 could change the landscape for commodities markets that have been roiled by punishing tit-for-tat tariffs over the last 18 months.
Jan 21, 2020
How caustic soda market fundamentals reflect the global economic uncertainty
Caustic soda is considered a major economic indicator for manufacturing, which is why its weaker pricing was among many indicators of economic slowdowns in China and Europe last year. Current market prices remain under pressure in all regions, amid global oversupply and lack of demand growth. Global Market Lead for polymers and editor Kristen Hays tells Ora Lazic about the events that led to this situation, as well as expectations and trends for 2020.
Jan 17, 2020
Unpacking the US-China phase 1 trade deal and what it means for Brazil and US soybean exports
With details still scarce on the US-China trade deal, markets' initial reaction was underwhelming. This indicates that the highly anticipated deal did not deliver on market expectations. Ivy Li, Gustavo Bonato, Pete Meyer, and Andrei Agapi, S&P Global Platts specialists from China, Brazil, the US, and Singapore, examine the impact of the deal on soybean exports from US and Brazil, and the demand in China in light of the African swine fever.
Jan 14, 2020
What the coal-to-gas switching means for the European energy mix
Pressure on plummeting coal prices could cascade throughout 2020 as unprecedented events within the wider energy markets have helped the energy mix to connect like never before. Platts reporters Antoine Simon, Joseph Clarke and Amanda Flint discuss with Sarah Matthews where this year could lead in both the worlds of coal and gas and whether coal-to-gas switching levels can really go any higher.
Dec 24, 2019
With first oil produced from Guyana's offshore, what does it mean for the markets?
The consortium of ExxonMobil, Hess and China's CNOOC recently announced that first oil was being produced from Guyana's offshore. Starr Spencer, S&P Global Platts senior editor for oil news, talks with Laura Huchzermeyer, Platts managing editor of Americas crude markets, about the news from Guyana and the potential impacts on the market.
Dec 18, 2019
US hydrogen market emerging around calls for decarbonization
As more US municipalities set ambitious goals to cut greenhouse gas emissions from power generation, transportation and other sectors, use cases for hydrogen are emerging that include fuel cells, direct burning in gas-fired turbines and energy storage applications. With these trends in mind, Mitsubishi Hitachi Power Systems is launching the Advanced Clean Energy Storage project in central Utah that seeks to develop 1,000 MW of clean energy storage using hydrogen stored in underground salt caverns. S&P Global Platts discussed the project and other US power market developments with MHPS Americas President and CEO Paul Browning.
Dec 18, 2019
The Acceptance Stage: Global shipping markets face up to IMO 2020
In the final Shipping Commodities Focus podcast of 2019, S&P Global Platts editors George Griffiths and Sam Eckett discuss the state of the markets ahead of IMO 2020's January 1 deadline. They review the inaugural Platts European Shipping Seminar in Athens; how the Kübler-Ross model of grief (the five stages) applies to global shipping; and investigate why public and private companies are approaching the sulfur emissions cap regulations differently.
Dec 18, 2019
Winter pricing insights: The new dynamics of US natural gas markets
With record-high production and unprecedented exposure to global markets through exports, US natural gas markets are in many ways heading into uncharted territory this winter. S&P Global Platts Americas natural gas manager Ryan Ouwerkerk speaks with senior gas pricing specialists Veda Chowdhury and Kelsey Hallahan about what to expect this winter for US natural gas pricing. The discussion includes a dive into how new infrastructure, ranging from LNG export facilities to new pipelines, have pricing implications that will extend far beyond the near term.
Dec 18, 2019
Off beet: where did Europe’s sugar surplus go?
Two consecutive campaigns of lower sugar production and trade deficits are forecast in the European sugar market. EMEA agriculture pricing lead Robert Beaman, global market development manager Piero Carello and sugar editor Thomas Wigglesworth discuss, in the latest S&P Global Platts Commodities Focus podcast, the on-going sugar beet harvest, changing trade flow dynamics and the overall European market, against a backdrop of a global sugar market back in significant deficit for the first time since 2015-16.
Dec 3, 2019
Growing European ethylene supply is hit by weak derivatives
What's in store for 2020? As 2019's heavy turnaround season at all main European petrochemical cracker units came to an end, ethylene supplies returned to a progressively weakening derivatives market. Styrene monomer in particular has been significantly affected and set to remain bearish for the foreseeable future. On the opposite side, upstream naphtha has kept strong and has recently pushed European cracker margins to the floor. How did this situation develop and what is to expect in H1 2020? Ora Lazic, European ethylene editor, and Olu Shaw, editor for the European styrenics chain, discuss on today's Commodities Focus podcast.
Nov 28, 2019
Sunny side up: rising prices in the Black Sea sunflower oil market
In today's Commodities Focus podcast, join EMEA agriculture pricing lead Robert Beaman, oilseeds editor George Duke and global market development manager Piero Carello as they discuss how the global vegetable oil complex is pressuring sunflower oil prices upwards, despite the bumper sunflower harvests in the Black Sea region.
Nov 26, 2019
The challenges and opportunities of hedging with LME steel futures
In today's Commodities Focus podcast, steel pricing analysts Viral Shah and Pascal Dick speak to Shan Islam, head of ferrous trading at Amalgamated Metals Trading (AMT) about the growing market interest in scrap and rebar futures contracts traded on the London Metal Exchange. The team discuss the various scenarios and questions that may arise when a market participant begins hedging, as well as the positive market reaction to the launch of the LME's hot-rolled coil steel futures in the US (Platts) and China in March 2019.
Nov 21, 2019
2020: The shakeout year to come for US LNG development
S&P Global Platts senior natural gas writer Harry Weber and S&P Global Market Intelligence natural gas reporter Corey Paul discuss with Platts head of Americas gas news Joe Fisher the outlook for US LNG export growth in 2020, which projects will advance, which ones remain on the bubble, and how the ongoing trade dispute between the US and China will impact the landscape.
Nov 20, 2019
GECF gas exporters summit to take place in Equatorial Guinea
The Gas Exporting Countries Forum (GECF) is holding its fifth heads-of-state summit in Malabo, Equatorial Guinea, next week with gas heavyweights such as Russia, Iran and Qatar set to discuss the state of the global gas market. With gas prices still low across the world and an oversupplied LNG market adding to the bearish mood, GECF members will have much to discuss against the background of an increasing backlash against gas, especially in Europe. S&P Global Platts editors Henry Edwardes-Evans and Stuart Elliott discuss.
Nov 19, 2019
Shale shake-up: The IEA’s new oil forecasts and what they mean for the IOCs
The International Energy Agency has released its latest annual long-term energy outlook in which US shale gets a major resource uplift, shifting the oil market dynamic over the coming decades. S&P Global Platts editor Nick Coleman and Market Intelligence editor Peter Marrin join Robert Perkins to discuss the implications of the IEA's latest forecasts, how producers are meeting the supply challenges and positioning for growth, based on their latest set of corporate results.
Nov 13, 2019
Interview with Alexis Rodriguez, Environmental Protection Specialist for the Panama Canal
Platts Shipping editors Sam Eckett and George Griffiths interview Alexis Rodriguez on environmental initiatives by the Panama Canal ahead of IMO 2020. In a wide-ranging conversation, they discuss new rules prohibiting the use of marine distillate fuels in canal waters; traffic impacts of the US-China trade tensions; and answer the question: Is the Panama Canal turning into an ECA zone?
Nov 12, 2019
Global and US solar outlook: Uncertainties and market impacts
The energy transition has become an increasingly important driver of energy and commodity markets, as power generation undergoes a profound transformation across the globe. In this podcast, Bruno Brunetti, S&P Global Platts head of global power planning, analytics; and Morris Greenberg, senior manager, North American power, analytics; discuss with Amy Gasca, manager of power pricing, the global and US solar outlook, along with key drivers of solar PV capacity additions and the impact of solar penetration on power markets.
Nov 5, 2019
Remember, remember the coal of November
London-based editors Jeffrey McDonald, Sarah Matthews and Joseph Clarke discuss the mood of key sectors within the Atlantic basin thermal coal markets amid cheap gas prices and tumbling demand from Europe and the Mediterranean. The mood is bearish, especially for US and Colombian producers. Russian...
Nov 1, 2019
RenovaBio puts ethanol under the spotlight at Sao Paulo Sugar Week
Ethanol has been at the forefront of the discussions at Sugar Week in Sao Paulo. The ethanol story will most probably remain bullish, with the renewable fuel accounting for more than 45% of Brazil’s total gasoline pool since 2018 and the launch of the RenovaBio program in 2020. The...
Oct 24, 2019
EnVision Forum fosters dialogue on fuel transitions
FERC Chairman Neil Chatterjee launched the EnVision Forum in his home state of Kentucky on October 21. The daylong event drew a diverse crowd of power and natural gas stakeholders, including CEOs, utility regulators, consumer advocates and landowners, to discuss challenges posed by the changing...
Oct 24, 2019
IMO 2020, winter demand seen supporting Asian middle distillates markets in Q4
The middle distillate complex in Asia is expected to maintain a firm footing in the fourth quarter amid looming supply concerns despite Saudi Arabia's full restoration on all of its crude oil production following the September 14 attacks. Industry sources in the bull camp also anticipate rising...
Oct 22, 2019
EU steel demand looking bleak in 2019 amid trade tensions and geopolitical uncertainties
In today’s Commodities Focus podcast, steel pricing analysts Len Griffin and Viral Shah speak to lead news editor Annalisa Villa about the European steel market after the World Steel Association released its outlook for 2019, which revises global steel growth significantly upwards, with...
Oct 18, 2019
Global Energy Transition: What are the key drivers and hindrances?
The energy transition has become the key talking point among energy and commodity market participants, marking what seems to be the beginning of a paradigm shift in power generation. And who better than S&P Global Platts experts in Global Power to analyse key drivers such as policy, the...
Oct 18, 2019
Will New Delhi's economic support measures help India's steelmakers?
With domestic steel prices at three-year lows, India's steelmakers are hoping the government's efforts to boost liquidity and investment will stimulate demand. If not, will Indian steel exports increase and how will they fare in an overcrowded Asian market? S&P Global Platts Asian Steel Markets...
Oct 9, 2019
Fuels of the Future: Alternative marine fuels, IMO 2020 compliance, and the ASBA Cargo Conference 2019
S&P Global Platts shipping editors George Griffiths and Sam Eckett look at the alternative marine fuels debate, ahead of IMO 2020’s January 1st deadline. They are joined by Managing Editor for Freight Alex Younevitch, and discuss the ASBA Cargo Conference in Miami, nuclear power’s...
Oct 8, 2019
Reaping gains from grains in Russia and Ukraine
With another year of strong wheat production now hitting the grain silos, the latest S&P Global Platts Commodities Focus podcast discusses developments in two key exporters: Russia and Ukraine. EMEA agriculture pricing lead Robert Beaman discusses the latest production trends with grains...
Oct 3, 2019
Asian gasoline market Q4 outlook
The last quarter of the year is seasonally weak for Asian gasoline, but the attacks on Saudi Arabia's oil facilities are proving to be largely supportive of the market. S&P Global Platts editors Mark Tan and Wendy Cheong share insights on the region's gasoline supply and the factors that could...
Oct 1, 2019
Relationship between natural gas, coal and power prices felt across US Midwest
S&P Global Platts pricing specialists Kelli Ainsworth, Arsalan Syed and Olivia Kalb discuss the interplay between natural gas, coal and power pricing in the US Midwest with Amy Gasca, pricing manager, North American power.
Sep 27, 2019
European PVC: The evolution of the current market dynamics, interview with Kem One's Yves Heroes
The European PVC industry has gone through many changes in the last few decades regarding technology and assets, as well as marketing mechanism and building resilience against high raw material costs, but it has also experienced limited margins in sales. This year’s political and economic...
Sep 23, 2019
Platts SEAT to cater to growing coal demand in Southeast Asia
Total coal imports to Southeast Asia is expected to hit 127 million mt in 2019, up 27% from 2018, with demand driven by existing and upcoming coal-fired power plants. In this podcast, S&P Global Platts Asia thermal coal editors Fred Wang, Jenny Ma, and Huimin Lee explain the rationale behind...
Sep 18, 2019
LNG developers jockey for relevance at Gastech
S&P Global Platts senior natural gas writer Harry Weber and S&P Global Market Intelligence natural gas reporter Corey Paul discuss with Platts senior digital editor Jason Lindquist the highlights of the third day of the Gastech conference in Houston. Blackstone’s potential sale of its...
Sep 18, 2019
Business models clash as Gastech continues in Houston
S&P Global Platts senior natural gas writer Harry Weber and S&P Global Market Intelligence natural gas reporter Corey Paul discuss with Platts senior digital editor Jason Lindquist the highlights of the second day of the Gastech conference in Houston. There was a healthy tension between...
Sep 16, 2019
Commercial activity heats up as Gastech gets underway in Houston
S&P Global Platts senior natural gas writer Harry Weber and S&P Global Market Intelligence natural gas reporter Corey Paul discuss with Platts senior digital editor Jason Lindquist the highlights of the first day of the Gastech conference in Houston. Offtake deals involving LNG...
Sep 12, 2019
Gastech puts LNG at center stage as market presses North American project developers for decisions
S&P Global Platts senior natural gas writers Harry Weber and J. Robinson preview with natural gas managing editor Joe Fisher next week’s Gastech conference, which will bring together in Houston global market participants in the midstream, upstream and LNG sectors. The annual confab comes...
Sep 12, 2019
APPEC: US ethanol eyes new markets amid increased US-China tensions
With US ethanol still shut out of China, this installment of Commodities Focus podcast looks at the current state of the US ethanol market, the key emerging demand centers in Asia, and the benefits of ethanol as a gasoline blending component from a sustainability perspective. Andrei Agapi, Platts...
Sep 11, 2019
Alone on the High Seas: Is the shipping market at the mercy of the volatility in bunker fuels?
S&P Global Platts shipping editors George Griffiths and Sam Eckett probe into the dry bulk and container markets and how bunker fuels are impacting pricing ahead of IMO 2020’s January 1st deadline. They are joined by EMEA Associate Editor for Bunker Fuel Tom Washington. As rates are...
Sep 6, 2019
Texas natural gas, power prices diverge during an August for the record books
ERCOT power demand smashed record after record durin August, boosting spot prices to record highs and real-time power prices to $9,000/MWh. Natural gas prices, however, did not see any uplift from record power demand. Amy Gasca, manager of the Platts power pricing team; Kelsey Hallahan, senior...
Aug 28, 2019
Can China absorb this year's steel capacity build-up?
China will bring on another 35 million mt/year of crude steel this year through its capacity replacement mechanism, S&P Global Platts estimates. How will this impact pig iron production growth? And is there enough downstream demand to absorb all of this steel? S&P Global Platts senior...
Aug 27, 2019
Make-or-break time approaching for US LNG developers as trade turmoil escalates
S&P Global Platts senior natural gas writer Harry Weber and S&P Global Market Intelligence natural gas reporter Corey Paul discuss with Platts natural gas managing editor Joe Fisher the state of play in the US LNG industry, with competition for commercial deals heating up, final investment...
Aug 22, 2019
US power sector faces challenges from lower utility load, global trade uncertainty
A number of major trends are impacting the US power sector, including lower utility load nearly across the board among electric utilities, largely because of milder temperatures this year but also in some cases because of lower industrial load. Some electric utility CEOs have also...
Aug 20, 2019
European ethylene: A look down the chain from oversupply towards economic downturn
On today's Commodities Focus podcast with Ora Lazic and Miguel Cambeiro: Although Europe continues to be the most expensive pricing region, it is increasingly becoming an importer of competitively priced ethylene and main derivatives from the US —with its new shale-based capacity—, but...
Aug 16, 2019
Commodity markets settle in for the long haul in US-China trade tension
With no end to the dispute in sight and a consensus that the real shocks to the markets could be yet to come, the latest installment of the Commodities Focus podcast takes a renewed look at the impact on trade flows that the ongoing tariffs dispute between the US and China is having on the LNG,...
Aug 16, 2019
Staying alive: the future of the ever-evolving thermal coal market
Today's Commodities Focus podcast looks deeper into the evolving thermal coal trade flows in the Atlantic and what the future holds. Following the recent release of two new Platts assessments that capture these new dynamics, managing editor Jeffrey McDonald is joined by thermal coal pricing...
Aug 12, 2019
Muddy Waters: US-China trade tensions, petcoke, and the global shipping markets
S&P Global Platts shipping editors Sam Eckett and George Griffiths review the US-China trade tensions, and their effect on global shipping markets ahead of IMO 2020’s January 1st deadline. They are joined by EMEA Coal managing editor Jeff McDonald. As escalating tariffs between the two...
Aug 6, 2019
Shale and LNG shape outlook for IOCs
Oil majors across Europe have struggled in the second quarter largely due to weak gas prices while their counterparts across the pond have held up better thanks to the resilience of US tight oil. S&P Global Platts’ senior oil writer Robert Perkins and head of oil news in London Paul...
Aug 2, 2019
Recycled plastics: The future is ‘clear’ for head of Petcore, Christian Crépet
This week’s Commodities Focus podcast looks at the recycled plastics markets in Europe - the current situation and what the future holds in light of new legislation coming into force over the coming years. Join Luke Milner and Ben Brooks from the European petrochemicals team...
Jul 31, 2019
What's in store for Asia Pacific gasoline demand in Q3?
S&P Global Platts editors Wendy Cheong and Mark Tan examine Asia's demand for gasoline in the third quarter following a weak first half, with fundamentals in the region pressured by excess cargoes from North Asia.
Jul 30, 2019
Loading activities for middle distillates on the rise
S&P Global Platts Editors Cheong Su Yeen and Wanda Wang examine the increasing activity on loading middle distillate, especially gasoil and ultra low sulfur diesel, on newbuilding vessels, such as Very Large Crude Carriers, SuezMax tankers or Long Range 3 tankers, from Asia and the Middle...
Jul 19, 2019
How are Chinese steel mills responding to surging iron ore prices?
Iron ore prices have risen by around 30% since the start of June, putting intense pressure on steel margins. Are Chinese mills contemplating trimming production? How is the third quarter shaping up? And after the recent Baowu-Manshan tie-up announcement, is more Chinese steel consolidation on the...
Jul 17, 2019
Highlights from the latest Global Polyolefin Outlook
This Commodities Focus podcast looks at S&P Global Platts Analytics latest Global Polyolefin Outlook, discussing the short, medium and longer term key market dynamics and price outlook for ethylene, propylene, PE and PP. Hetain Mistry and Lara Berton discuss the latest outlook, focusing on the...
Jul 16, 2019
Market angles for status of delayed projects as US midstream sector prepares results
S&P Global Platts senior natural gas writer Harry Weber and S&P Global Market Intelligence midstream finance reporter Allison Good preview with natural gas managing editor Joe Fisher the upcoming second-quarter earnings season for midstream companies. Investors are eager to know the status of...
Jul 12, 2019
Black & Veatch restructures amid US energy transition to renewables, distributed resources
Amid the US energy transition toward increasing volumes of renewable energy and distributed energy resources like microgrids and demand response, global power sector engineering company Black & Veatch recently restructured its power business to focus more on these shifting market...
Jul 3, 2019
Asian naphtha rebounds from 11-year low crack but trade concerns remain
Refineries worldwide have been consuming more light sweet crude oil, resulting in an oversupply of light distillates products market. In the second quarter, naphtha was the worst performer across the barrel in Asia. The Asian naphtha crack against ICE Brent crude fell close to an 11-year low to...
Jun 25, 2019
Could rain woes sink US corn and ethanol?
US corn futures have been soaring since May, as persistent rains have pummeled the Midwest. Now, the impact of the rains are being felt not just for corn, but for ethanol as well. Platts agriculture editors Sergio Alvarado, Nicolle Monteiro de Castro and Wes Swift discuss how the weather is...
Jun 13, 2019
Wet weather delays fieldwork, drops US Midwest diesel prices
Severe weather this year in the US Midwest has kept farmers from planting crops, cutting regional diesel demand. Even with prices at multimonth lows, the market is unlikely to quickly reverse course due not only to high stocks of diesel and jet fuel, but because farmers will be unable to plant as...
Jun 7, 2019
Marine Fuel 0.5% cash, derivatives prices surge as markets prepare for IMO 2020
Markets are now gearing up for the implementation of the International Maritime Organization's new sulfur cap regulation, which takes effect on January 1, 2020. Shipowners are increasingly taking compliant fuel for sea trials, while traders are lapping up any and all low sulfur components within...
Jun 7, 2019
Heading into summer, California power forwards soar, ERCOT reserve margin narrows
Last summer, ERCOT saw record power demand, while California power prices reached an all-time high. With another summer coming up, S&P Global Platts senior pricing specialists Kassia Micek, Kelli Ainsworth and Jeff Zhou discuss ISO summer load and resource expectations and July and August...
Jun 3, 2019
Global aluminum scrap industry prepares for China’s newest normal
As China will restrict imports of aluminum scrap from July, the global scrap industry is preparing for the material flow change by the world’s biggest scrap-consuming nation. The outlook, whether near or longer term, is uncertain as no one is sure yet how much scrap China will be importing...
May 31, 2019
Middle East crude: Opportunities in uncertain times
Global crude oil prices have fallen to two-month lows in recent days amid concerns that the ongoing trade dispute between the US and China could slow global demand growth. US President Donald Trump said this week that he was not rushing to reach a trade agreement with China, increasing uncertainty...
May 15, 2019
Offshore Technology Conference at 50 spotlights increasingly robust deepwater
At its 50th year, Houston's Offshore Technology Conference highlighted panels that showed a global deepwater that has become increasingly robust, with several countries tendering for the first time in years and oil and gas operators busy planning deep and often remote wells around the world. Some...
May 13, 2019
As US-China trade dispute widens, uncertainty weighs on commodity markets
The US-China trade dispute has widened in recent days, with China announcing increased tariffs on $60 billion of US goods, including LNG, just days after the US raised tariffs on $200 billion worth of Chinese goods, with the possibility of tariffs on all other Chinese imports. The trade tensions...
May 10, 2019
US refining margins poised for recovery after dismal Q1
S&P Global Platts editors Seth Clare and Kristian Tialios unpack first-quarter earnings from the US refining sector and discuss the causes for the industry’s lackluster margins. OPEC+ production cuts, sanctions on Venezuela and Iran, and new supply curtailments in Canada all made the...
May 2, 2019
Offshore Technology Conference celebrates 50th anniversary, long-awaited revival of offshore sector
The Offshore Technology Conference promises to be a special event this year -- not only is it the 50th anniversary of the well-attended Houston event, but offshore exploration globally is heating up in a big way. Project tenders are estimated to nearly double this year what they were in 2018, Latin...
Apr 11, 2019
US midstream sector eyes LNG opportunities, Mexico growth and financial overhauls
S&P Global Platts senior natural gas writer Harry Weber and S&P Global Market Intelligence midstream finance reporter Allison Good preview with natural gas managing editor Joe Fisher the upcoming first-quarter earnings season for midstream companies, which starts April 17 with Kinder...
Apr 9, 2019
US, Asian zorba prices rise, but impact on other scrap items and alloys minimal
Though aluminum scrap sources in the US and Asia have noticed an uptick in zorba prices in the past month, prices of other scrap items have only inched upwards in the same time frame. Alloy prices, meanwhile, have been stagnant if not down slightly. Mayumi Watanabe, senior editor out of Tokyo, and...
Apr 5, 2019
IMO 2020: Evolving storage dynamics in Asia in the run up to 2020
The new sulfur cap set by the International Maritime Organization will be implemented in January 2020. As the sulfur cut is so drastic, from 3.5% to 0.5%, uncertainty continues to grip the industry, which does not seem to have a clear picture on how the market will become after 2020. In this...
Apr 2, 2019
Lessons from AFPM 2019: Crude grades, Venezuela, jet fuel, fires
S&P Global Platts oil market editors Seth Clare, Laura Huchzermeyer, Maria Eugenia Garcia and Daron Jones discuss the most talked about themes they heard while attending the American Fuel and Petrochemical Manufacturers' Annual Meeting in San Antonio, one of the largest energy industry events...
Mar 28, 2019
California ISO’s Steve Berberich talks renewables, storage and reliability
Increasing renewable integration is poised to transform the California power grid in the coming years. Steve Berberich, CEO and president of the California Independent System Operator, talks with Kassia Micek and Kelli Ainsworth, senior pricing specialists on the S&P Global Platts’ North...
Mar 27, 2019
US Gulf of Mexico Lease Sale 252 bodes well for future exploration in the region
US Gulf of Mexico Lease Sale 252 saw the largest number of total high bids in two years and four auctions. The 30 oil company participants were willing to spend on more acreage to replenish their inventories and prop up production, although mostly around existing fields. Does this mean that more...
Mar 26, 2019
Weak dry bulk carrier market hits bunker fuel demand
S&P Global Platts editors Su Ling Teo and Andrew Khaw examine how the weakness in the dry bulk market, particularly following the dam collapse at a Vale mine dam in Brazil, which in turn stoked concerns over a severe drop in tonne mile demand, has affected the sentiment and demand in China's...
Mar 20, 2019
Container ships create occasional snarls for Houston Ship Channel traffic
Kristen Hays, senior petrochemicals editor, sits down with Josh Pedrick, managing editor for Americas aromatics, to talk about the growing headaches for the Houston Ship Channel. A number of container ships heading to Houston have created delays for liquids ship movements. Hays unpacks the...
Mar 19, 2019
US oil and gas production outlook for 2019: Permian, Bakken, Appalachia
S&P Global Platts senior gas writer J. Robinson talks with Platts Analytics senior oil and gas analyst Taylor Cavey about some of the biggest trends in upstream production for 2019, with a look at Permian Basin supply growth and constraints, Bakken flaring, and the looming slowdown in drilling...
Mar 15, 2019
CERAWeek reflections: Fuel diversity in focus for an energy-hungry world
S&P Global Platts senior natural gas writer Harry Weber, senior power editor Mark Watson, associate markets editor Kassia Micek and coal managing editor Andrew Moore discuss with natural gas managing editor Joe Fisher key topics across their sectors that were addressed this week at the annual...
Mar 14, 2019
US Northwest gas and power prices spike amid cold snap
Natural gas prices at the Sumas hub in the Pacific Northwest reached a record high on March 1. On the same day, power prices at Mid-Columbia hub in the Northwest soared to an 18-year high. In this podcast, senior natural gas pricing specialist Veda Chowdhury and senior power pricing specialist...
Mar 7, 2019
The shifting map for LNG trade flows and the outlook for prices and new projects
S&P Global Platts senior natural gas writer Harry Weber and natural gas managing editor Joe Fisher in Houston talk with LNG editor Luke Stobbart in London about trade-flow trends that have seen Europe become a favored destination for Atlantic Basin LNG export cargoes in recent months. The trend...
Mar 5, 2019
US wind generation growth and the threat of steel tariffs, expiring tax credits
US wind generation is expected to continue booming over the coming years, but many see the steel tariffs and end of the tax credit in 2020 as threatening that growth. Mike Fitzgerald, with the Platts North American steel team, and Kassia Micek, with the Platts North American power pricing team,...
Feb 28, 2019
Aluminum scrap market in transformation
Scrap aluminum has gone wild. There are new taxes and financial obligations in China and Vietnam; licenses, regulations and restrictions in Vietnam, Taiwan, Brazil, and other countries, resulting in unpredictable price trends. When the year started, prices were generally expected to fall from...
Feb 28, 2019
The rundown on the shipping markets in the run-up to IMO 2020
The tremors of IMO 2020 - The mandated shift to low sulfur marine fuel which officially kicks in January 1, 2020 - will begin to be felt months from now and have already begun to work their way into the fabric of the already complex dynamics of the shipping sector. Jason Silber chats with Pradeep...
Feb 22, 2019
What happened to China's steel output cuts and will government incentives stimulate steel demand?
China's winter steel production cut agenda seems to have gone quiet. Will this result in even stronger steel output? Meanwhile, Beijing has unleashed some incentives to rekindle buying in the consumer-segments, but will it translate into stronger steel demand? And does the Chinese steel market care...
Feb 21, 2019
PJM CEO Andy Ott goes in depth on energy and capacity market design changes
The PJM Interconnection has several market design changes underway, including adjustments to energy reserve price formation and the way its capacity market is structured that will significantly impact market participants going forward. Andy Ott, president and CEO of PJM Interconnection, talks with...
Feb 20, 2019
Why BAF is failing the container industry, the next step in bunker costs recovery
With the looming shadow of IMO 2020 on the horizon, there is a growing confusion and discord in the container market when it comes to recovery of bunker costs in freight contracts. The Bunker Adjustment Factor (BAF) system is failing and the industry is looking out for new solutions. Jason Silber,...
Feb 18, 2019
Global methanol markets: growing capacities and shifting trade flows
Increasing trade tensions and expectations of new capacities in Iran, the US and Latin America this year are set to change the complexion of the global methanol market. S&P Global Platts editors Lara Berton, Esther Ng, Luke Milner and Ellie Valencia discuss these developments and more, as they...
Feb 15, 2019
Winter storms batter US power markets, driving up demand and prices
Winter storms have battered the US in January and February and caused consumers to crank up their heaters, driving up power demand and prices as temperatures have lingered below freezing for days. S&P Global Platts senior pricing specialists Kelli Ainsworth, Kassia Micek and Jeff Zhou look at...
Feb 15, 2019
What should commodities markets look for in European automotive data?
S&P Global Platts specialists take a look at what developments in the European automobile industry might mean for metals, plastics and fuels.
Feb 6, 2019
Major factors to influence Brazil's sugar and ethanol markets in 2019
Brazilian sugar and ethanol price specialists Nicolle Monteiro de Castro and Phillip Herring discuss the primary drivers of supply and demand that will affect Brazilian sugar and ethanol markets in 2019. Topics include the sugar/ethanol mix of the 2018-19 Center-South crop, the price parity between...
Feb 5, 2019
Baltic Sea Handysize tanker rates at record highs
S&P Global Platts editor Peter Farrell and senior pricing specialist Arthur Richier discuss the state of the dirty and clean Handysize tanker markets in the Baltic Sea, and how low availability of ice-class tonnage and port restrictions at this time of the year have buoyed rates up to record...
Feb 1, 2019
Polar vortex, shutdown weigh heavy on US gasoline demand
S&P Global Platts analysts think US gasoline demand will take a hit from the subzero weather in much of the country. And then there are the federal employee who just got back in their cars for work. Jeff Bair and Seth Clare look at a topsy-turvy winter for gasoline demand and how the market...
Jan 31, 2019
S&P Global Platts launches Latin American corn assessment as exports gain global relevance
Argentina and Brazil are growing in importance as exporters of corn, with global buyers now having one eye on crop development in Argentina and the other on the second crop planting in Brazil. Join Sophie Byron, senior managing editor for the Americas agriculture pricing team, and Rafael Savoia,...
Jan 25, 2019
China’s industrial policies shift global aluminum scrap trade, push prices down
Aluminum trade had a big year in 2018, and while US tariffs got a lot of media attention, China also took action that has impacted nonferrous scrap trade and prices worldwide. Scrap dealers and secondary aluminum smelters in the US, Mexico and Asia have had to grapple with these changes, and will...
Jan 23, 2019
Soybean export markets hold breath on US-China updates
Soybean markets are holding their breath while the US and China discuss a possible resolution of the trade war that shook global trade flows in 2018. As tentative signs of reconciliation begin to emerge, US farmers still hold large stocks of beans while they start planning the coming season....
Jan 16, 2019
How fears of a US recession could impact spending in the US natural gas midstream sector
S&P Global Platts senior natural gas writer Harry Weber and Americas natural gas managing editor Joe Fisher discuss the outlook for the US midstream sector as fourth-quarter 2018 earnings reporting season begins, from the appetite for further major pipeline projects to the markets that will be...
Jan 15, 2019
IMO 2020: Evolution of the refining landscape
Jason Silber, global head of Platts Ocean Intelligence, is joined by Janet McGurty, senior oil writer at S&P Global Platts, and Richard Joswick, head of oil pricing and trade flow analytics for S&P Global Platts Analytics, to discuss the refining landscape as the marine industry faces an...
Jan 11, 2019
Oil market fundamentals: What's driving price sentiment in 2019?
The global oil market has seen major price volatility over recent months and the start of 2019 has proved equally rousing with prices on track to post their biggest weekly gain in over two years. With spot Brent trading over $60/b, the oil market remains acutely focused on the complex balancing act...
Jan 8, 2019
Russia's Nord Stream 2 gas link on track despite EU regulation risk
Russia's controversial Nord Stream 2 and Turk Stream natural gas pipeline projects are still on track to come online at the end of this year, despite risks of EU regulation and US sanctions. The 55 Bcm/year link to Germany and 31.5 Bcm/year link to Turkey could between them cover almost all the 87...
Jan 2, 2019
The numbers behind Trump's talk of cheaper gasoline in 2019
There's a kernel of truth behind President Donald Trump's tweet on cheap gasoline. S&P Global Platts editors Seth Clare and Jeff Bair look at the fundamentals behind Trump's Twitter prediction that gasoline will take a lower budget bite in 2019. Related content S&P Global Platts Analytics:...
Dec 21, 2018
As US-China trade war simmers, impacts felt across many commodities
The US-China trade war has taken a number of twists and turns since July 6, when the US and China put into place 25% tariffs on $34 billion of each other’s goods. Most recently the two sides agreed to a 90-day truce, during which both sides will refrain from increasing or introducing any new...
Dec 19, 2018
The fast dismantling of the Venezuelan HBI industry: lack of pellets, credit and confidence
The number of factors hampering trade of Venezuelan HBI seems unlimited, and its relevance to the global industry is disappearing as it has been working at much-reduced rates for years. Moreover, reduced steel production and raw material demand from its main consumers -- Italy and Turkey -- may...
Dec 18, 2018
Trade tensions, megatrends, and sustainability in European petrochemicals
Trading relationships are top on the minds of many in Europe, especially with the evolving trade tensions between China and the US, and Brexit. In the longer term however, population megatrends, feedstock developments, and innovative technologies underpin growth in the industry, with sustainability...
Dec 13, 2018
Rally in natural gas prices, lower storage throws uncertainty into US winter power outlook
The recent rise in natural gas prices, combined with lower gas storage and a late November cold snap, has added some uncertainty to the US winter power outlook. S&P Global Platts editors Eric Janssen, Kassia Micek and Tyler Godwin discuss the major issues in a roundtable discussion led by...
Dec 13, 2018
European natural gas market faces key first quarter period
The European natural gas market has seen some dramatic changes year on year so far during the final quarter of 2018, with pricing seen volatile after crashing recently with multi-year highs seen at the beginning of the Winter 2018/19 season. In this podcast, S&P Global Platts European gas team...
Dec 11, 2018
Gasoline keeps flowing from US refineries despite a huge cut to profits
Why would a refiner keep making gasoline at a loss? That's the situation facing US companies with gasoline cracks dipping into negative numbers against major US and European crude grades. Jeff Bair and Seth Clare of the US gasoline team break down the numbers and take look at what analysts are...
Nov 27, 2018
What impact will the escalating tensions between Russia and Ukraine have on Azov Sea ports?
An escalation in tension between Russia and Ukraine following the seizure of three Ukrainian vessels by Russia in the Azov Sea could mean a change to market dynamics. In this podcast S&P Global Platts commodities specialists explore what it could mean for those who use Russian and Ukrainian...
Nov 27, 2018
Atlantic dry freight: Have Q4 expectations fallen short?
Market expectations for Q4 were sky-high, but has the dry bulk sector delivered on its Q3 promise? S&P Global Platts Sam Eckett and Arthur Richier discuss how geopolitical challenges have affected different commodities around the Atlantic Basin, and how freight rates have been impacted as a...
Nov 14, 2018
European styrene loses close to third of value in 1.5 months amid fractious year
S&P Global Platts European styrene editor Olu Shaw joins EMEA petrochemicals managing editor Ng Baoying to assess the European styrene market, which has lost close to a third of its value in the two months to mid-November, from $1,422/mt mid-August, to $979.50/mt. While some sources consider...
Nov 5, 2018
US Gulf Coast crude exports -- a sea change to dirty tanker markets
The US Gulf Coast has become the new crude export hub in the Americas. Brazil and USGC crude exports combined have transformed the VLCC runs from the Americas to the Asia-Pacific region into a front-haul market, attracting ballasters from as far away as Singapore. In recent weeks shipping cost on...
Oct 31, 2018
Voters taking on the tax man in US midterm elections
California voters are about to have the chance to ditch a recently passed increase in their gasoline tax. Is there a chance that they will vote against their self-interest and in favor of the greater good? Plus, does a tax really push gasoline demand one way or another? Jeff Bair and native...
Oct 30, 2018
Spiking trans-Atlantic freight rates hamper flows of US crude to Europe
US crude exports to Europe have declined in the past few weeks as the cost to move barrels across the Atlantic has risen. US crude editor Laura Huchzermeyer joins Americas crude oil managing editor John-Laurent Tronche to discuss this recent run-up in prices, and how the market is adapting to...
Oct 24, 2018
IMO 2020: Challenge and opportunity for shipowners
The International Maritime Organization has mandated bunker sulfur limits to drop to 0.5% sulfur on January 1, 2020, from 3.5% sulfur currently. Regardless of the compliance option shipowners choose, the global sulfur mandate will increase freight cost tremendously. Noteworthy is a huge uptick in...
Oct 19, 2018
An atypical year for Brazilian steel: Price hikes, slow recovery and presidential elections
The pricing power of domestic mills in Brazil was built on strengthening Chinese steel prices over the past few months, putting Brazilian steel products near discounts against imported material. Historically, sustainable import parity premiums for domestic flats and longs over imported goods were...
Oct 19, 2018
European paraxylene market transforms amid global fundamental shifts
The European paraxylene market is seeing significant changes this year as fundamental shifts in global demand and supply yield opportunities and challenges for the region. The start-up of a new downstream PTA plant in Portugal has placed the region in a net short position, and Europe will now have...
Oct 10, 2018
US power markets brace for winter
North American power pricing specialists Kelli Ainsworth, Kassia Micek and Jeff Zhou, all based in Houston, look back on how US power markets fared over the summer, where ERCOT markets sizzled out, but California markets reached decade high prices. Kelli, Kassia and Jeff also turn their attention...
Oct 2, 2018
Is blending biofuel in the bunker fuel pool a viable alternative to installing scrubbers?
As the bunkering industry gears up for the International Maritime Organization's tighter sulfur emission standards from 2020 onward, is the blending of biofuels a viable way to reduce emissions? S&P Global Platts senior biofuel specialist George Griffiths and fuel oil associate editor Emma...
Sep 27, 2018
Trump's steel tariffs and their impact on the US energy sector
When US President Donald Trump imposed tariffs on steel imports earlier this year, the impacts went far beyond that industry, with ripple effects for crude oil, natural gas, LNG export projects and petrochemicals. S&P Global Platts editors Michael Fitzgerald, Kristen Hays, Starr Spencer and...
Sep 25, 2018
North-Northeast Brazil's 2018-19 sugarcane season begins with expected emphasis on ethanol
A unique season for the 2018-19 sugarcane crop in North-Northeast Brazil is starting to shape up, with producers expected to maximize ethanol production. And for the first time since 2010-11 producers are expected to focus on hydrous production, which is already is triggering higher anhydrous...
Sep 21, 2018
Market shrugs as natural gas storage lags in US Midwest
S&P Global Platts senior pricing specialists John DeLapp and Veda Chowdhury discuss the changing natural gas storage picture in the Midwest. Although stocks are running well behind the five-year average build, market participants do not seem to be concerned. John and Veda explain why. Related...
Sep 19, 2018
US-China tariffs: Uncertainty and chaos in petrochemicals
Join us for a discussion of how US-China trade tensions and tariffs are rocking the US petrochemical industry and markets for chemicals and plastics. Participating are Kristen Hays, senior petrochemicals editor; Chris Ferrell, managing editor of olefins and polymers; and Phillipe Craig, associate...
Sep 18, 2018
Hurricane Florence and the hidden hand in gasoline pump pricing
Up in the summer, down in the winter. What is going on with your gasoline? Jeff Bair and Seth Clare of Platts' light ends team discuss the influence of RVP on US gasoline assessments and how they provide a wrinkle into how fuel was priced during Hurricane Florence. Download: S&P Global Platts...
Sep 13, 2018
Global LNG market in focus as annual Gastech conference nears
S&P Global Platts senior natural gas writer Harry Weber, LNG Editorial Lead for Asia Pacific and the Middle East Abache Abreu and Managing Editor Gas & Power Joe Fisher preview next week’s Gastech conference in Barcelona. They analyze the key themes and what the global gas and LNG...
Sep 7, 2018
Center-South Brazil's 2018-19 sugarcane season and the highest ethanol mix in 10 years
A unique season for the 2018-19 sugarcane crop in Center-South Brazil is resulting in the highest ethanol mix in 10 years. What have been the impacts in the supply-and-demand dynamics in the world’s largest sugarcane producer and second-biggest ethanol market? Can demand catch up with the...
Sep 7, 2018
Russian officials prepare for flagship meeting with Asian investors at Eastern Economic Forum
Russian President Vladimir Putin will host Asian leaders at the Eastern Economic Forum in Vladivostok, September 11-13, 2018, where discussions are likely to be dominated by trade tensions and North Korea peace talks, as well as the most promising areas for future cooperation. S&P Global Platts...
Aug 31, 2018
Digging into ACE: How will Trump’s Clean Power Plan replacement impact US power markets?
S&P Global Platts Editor Kate Winston and Senior Manager Matthew Eversman discuss the Affordable Clean Energy rule and whether this new legislation will have an impact on the US generation mix.
Aug 29, 2018
US power sector coal, gas storage down but prices unmoved
Coal stockpiles at US utilities and natural gas storage are both down this year rather significantly, but prices have yet to react. Andrew Moore, managing editor of Platts Coal Trader, says increasing gas production is one reason prices have stayed low, which is also limiting coal demand. But with...
Aug 23, 2018
Brazilian soybean port premiums jump as US and China engage in trade war
Brazil, the world’s largest soybean exporter, is bound to be nearly alone in providing the oilseed to China with competitive prices, after the Asian country imposed a 25% tariff on US exports. However, uncertainties around Brazilian domestic freight costs make the scenario for the South...
Aug 22, 2018
How a ‘perfect storm’ pushed Southern California natural gas to a record high
Senior Pricing Specialists Samer Mosis, Arsalan Syed and John DeLapp of the S&P Global Platts North American Natural Gas team discuss the behavior of the often-volatile Southern California gas market this summer. They dissect and analyze the market fundamentals behind a recent price surge and...
Aug 17, 2018
How the US-China trade war could reshape the LNG market
S&P Global Platts reporter Harry Weber and Senior Managing Editor Matt Eversman discuss the outlook for further US LNG export growth amid the escalation of international trade disputes. They analyze the impact on projects currently being developed on the Atlantic, Gulf and Pacific coasts and...
Aug 15, 2018
Ocean arbs expand for gasoline on the high seas
S&P Global Platts editors Seth Clare and Jeffrey Bair talk about gasoline trade flow from the US to Australia and China to Mexico and the short-term supply situations that are driving markets on both sides of the Pacific Ocean. Also, there's a review of some of the bullish indications for US...
Jul 24, 2018
Corpus Christi positioning itself to be prime port for US energy exports
The Texas Port of Corpus Christi is positioning itself to be the prime energy export port in the US, despite trade wars and sanctions. In a conversation with S&P Global Platts senior editor Ashok Dutta and managing editor Gary Gentile, the port's CEO Sean Strawbridge outlines his plans to...
Jun 19, 2018
Containers: Headwinds in the liner market
The liner carriers, which haul all consumer goods and many bulk commodities around the world, have faced serious challenges over the past few years. Jason Silber of S&P Global Platts Ocean Intelligence talks with Andrew Scorer, Platts senior editor for containers about the headwinds in the...
May 31, 2018
How global market fundamentals are impacting North American LNG export developers’ drive toward FID
S&P Global Platts reporter Harry Weber, Managing Editor Scott Ickes and independent LNG analyst Ted Michael discuss the outlook for further LNG export growth from the US and Canada, which country will launch the second wave of liquefaction terminals with a positive final investment decision, what...
May 30, 2018
Severe PET supply constraints cast cloud over nearing peak summer demand
The European polyethylene terephthalate market is set to face a supply drought in the foreseeable future amid lingering scarcity of feedstock purified terephthalic acid in the region. With the peak summer demand season nearing, S&P Global Platts managing editor for EMEA petrochemicals, Ng...
May 23, 2018
Wholesale power markets prep for summer heat, demand and possible emergencies
The North American power pricing team takes a coast-to-coast look at summer power prices, as well as forecast demand and generating capacity for ERCOT, Cal-ISO and the PJM Interconnection.Kassia Micek, Jeff Zhou and Meaghan Coleman evaluate how the power markets are shaping up as hot weather and...
May 18, 2018
St. Petersburg to host OPEC+ deal, sanctions discussions in late May
Key oil players will gather in the Russian city of St. Petersburg on May 24-26 to discuss key issues including the fate of the OPEC+ crude production cut deal and the impact of US sanctions on international energy markets. High-profile political guests including French President Emmanuel Macron and...
May 4, 2018
Interview: Abdulrahman S. Al-Fageeh, SABIC
Abdulrahman S. Al-Fageeh, SABIC Executive Vice President - Petrochemicals, joins S&P Global Platts Editor Frank Zeng in this episode of the Platts Commodities Spotlight podcast, recorded at the ChinaPlas Conference 2018, to talk about company updates, the implications of the trade tension between...
May 4, 2018
2020: The outlook on LNG Bunkering
The International Maritime Organization has reduced the maximum amount of sulfur in bunker fuels from 3.5% to 0.5%, effective in 2020. Shipping companies will be paying more for fuel as they switch from high sulfur fuels to blends and distillates, but LNG is also emerging as an option.Jason Silber...
May 3, 2018
Advanced technology, robotics vital to recovering offshore production
The recent industry downturn was painful for the oil patch, and especially subdued global offshore exploration. But the sector is emerging more efficient and with sophisticated technologies that will prepare it for the next few decades where more automation, more predictive analysis and more...
May 1, 2018
Canada's fight over the Trans Mountain pipeline expansion
Getting new oil pipelines built in Canada has become a problem. Producers are keen on expanding their customer base outside the US, eyeing refiners in Asia and Europe. To reach those markets,producers need pipeline access from Alberta to coastal terminals, but they have faced a lot of pushback. Now...
Apr 27, 2018
What trends will shape US gas prices this summer?
S&P Global Platts editors Seth Clare and Jeff Bair discuss summer gasoline trends: what's going on with Mexico-bound exports, what you might pay at the pump and the competition to get fuel up the pipeline to New York. The US government has revised its forecast for pump prices upward.We welcome...
Apr 25, 2018
Chinese tariffs: What’s it mean for the US biofuels and agriculture markets?
China’s proposed 25% tariff on various US goods, including products such as soybeans and corn, and an additional 15% tariff on US ethanol, have left the agriculture and biofuels markets in a state of uncertainty. News of the tariffs has already begun to pressure prices and change trade flows...
Apr 25, 2018
CIF Japan aluminum premium slips as US eases sanctions on Rusal
Spot aluminum premiums have slipped from last week's near three-year high of $180/mt-$195/mt CIF Japan, after the US eased sanctions against leading Russian producer Rusal.In this podcast, S&P Global Platts editors Mayumi Watanabe and YuenCheng Mok examine the market's reaction to the US...
Apr 19, 2018
Australia alumina price hits all-time high as US sanctions, Brazil problems hit
S&P Global Platts alumina price assessment jumped $160/mt overnight to $710/mt FOB Australia on April 18. It also increased $235 in the last week, on supply worries.In this podcast, metals editors Joanna Lim and YuenCheng Mok examine what's driving alumina prices, and talk about market outlook...
Apr 13, 2018
UK coal plant shut down could exacerbate power price spikes on tight supply
Coal is on its way out of the UK power generation mix, yet has remained as a fall-back option on days of peak demand such as when the National Grid warned of a natural gas deficit on March 1. Capacity market auctions are at a record low, which could speed up the closure of exiting UK coal plants...
Apr 12, 2018
A new hope for an E15 waiver?
US President Donald Trump spoke in favor Thursday of an RVP waiver for E15, or gasoline blended with 15% ethanol. The implications and motivations for such a waiver are a hot topic right now as refiners fight mounting biofuels compliance costs.S&P Global Platts editors Josh Pedrick and Wes...
Apr 10, 2018
Widening crude differentials and the Permian Basin
The Permian Basin has attracted more than its fair share of attention due to its high pace of growth even in a low oil price environment.But since late March differentials have widened between the two grades: WTI Midland and MEH. This is a clear sign that the 300,000 b/d cushionin takeaway capacity...
Mar 16, 2018
European biodiesel: Is there space for imports from both Asia and South America?
European biodiesel trade flows have been rocked significantly by the latest policy changes, with uncertainty rife in the marketplace surrounding the future of antidumping duties. S&P Global Platts' George Griffiths, EMEA senior biofuels specialist, and Samar Niazi, APAC biodiesel editor take a...
Mar 14, 2018
The PES-EPA proposal: What’s it mean for US biofuels?
S&P Global Platts editors Sophie Byron and Wes Swift and Director of Global Biofuels Analysis Corey Lavinsky discuss the impact from the proposed settlement agreement between the US Environmental Protection Agency and Philadelphia Energy Solutions on the biofuels market.The trio review what...
Mar 7, 2018
China surprises with weak return to thermal coal market after Lunar New Year holiday
After strong trading in the lead up to Chinese New Year in mid-February, market participants were expecting China to return to the seaborne spot market with gusto. But sellers have been left feeling disappointed as rising domestic coal production, falling Qinhuangdao prices and warmer weather in...
Mar 5, 2018
Could Trump's US steel tariff end a two-year bull run in seaborne prices?
Details of US President Donald Trump's plan to impose a 25% tariff on steel imports and 10% on aluminum imports are expected to emerge this week.In this podcast, S&P Global Platts Regional Content Director for Metals Julien Hall and Senior Managing Editor for Steel and Steel Raw Materials Keith...
Feb 23, 2018
IP Week: Shipping industry outlook
As London's annual International Petroleum week draws to a close, Jason Silber, Global head of Ocean Intelligence -- part of S&P Global Platts -– chatted with Peter Norfolk, S&P Global Platts editorial director, shipping and freight, for a quick yet incisive survey of the shipping...
Feb 15, 2018
Interview: Wim Roels, Borouge, on megatrends, strategies, and 2018 outlook
Borouge chief executive Wim Roels joins S&P Global Platts Senior Editor Heng Hui in this podcast to discuss the competitiveness of Middle East producers, the company's outlook for 2018, as well as megatrends that could disrupt the polymer sector in the long run.We welcome any feedback or...
Feb 13, 2018
Ukrainian corn: Can prices reach $190/mt with the US arb open?
Ukrainian corn prices have risen to a 6-month high, rising sharply since the turn of the year, making it the most expensive origination globally. Driving the surge is demand from China, which has bolstered fundamentals. In contrast, traditional homes for Ukrainian corn are opting for US corn, the...
Feb 9, 2018
Aluminum swaps contango on strong US Midwest
Aluminum premium swaps on the Chicago Mercantile Exchange have been in contango. Spot market premiums have been surging this year.In this podcast, S&P Global Platts Regional Manager for Metals Derivatives Petter Kolderup and Senior Editor for Physical Metals Market Mayumi Watanabe discuss the...
Feb 8, 2018
IMO 2020 countdown: Will refineries meet low sulfur bunker fuel demand?
With 23 months to go, it is still uncertain whether refineries will be able to meet demand for low sulfur bunker fuel. Jason Silber, global head of Ocean Intelligence -- part of S&P Global Platts -- sought out Janet McGurty, S&P Global Platts senior oil writer and resident refinery guru,...
Feb 1, 2018
EU Commission anti-subsidy investigation: a glimmer of hope for EU biodiesel producers?
With a lack of clarity over when biodiesel antidumping duties against Indonesia and Argentina will be removed, and the EU Commission launching an Argentinian biodiesel anti-subsidy investigation, George Griffiths, S&P Global Platts senior biofuels specialist, and Emma Kettley, S&P Global...
Jan 26, 2018
European polyethylene market: torn between the Asian bull and American bear
The surging prices of polyethylene in Asia are keeping Europe's prices flat despite abundant supplies being available in the market. With US exports widely expected to further increase supply availability in Europe in the coming months, the continents polyethylene prices look set to come under...
Jan 26, 2018
Aluminum Analysis: US sees a bullish start to 2018
The start of 2018 has seen multiple bullish factors hit. In this podcast, S&P Global Platts metals editors Sarah Baltic Hilliard and Tina Allagh discuss causes behind the rise in US aluminum premium levels and outlook for the coming months.We welcome any feedback or suggestions for topics....
Jan 23, 2018
As Indonesian and Argentinian biodiesel antidumping duties end, is there a respite for palm oil biofuel in Europe?
With biodiesel antidumping duties against Indonesia and Argentina to be removed, and palm oil banned as a biodiesel feedstock in Europe post-2020 following the RED II vote, Stephanie Wilson, S&P Global Platts agriculture managing editor, and George Griffiths, senior biofuels specialist look at...
Jan 16, 2018
All eyes on Indonesia in 2018 as thermal coal supply tightness persists
Indonesian thermal coal prices have been on an uptrend since the latter half of 2016 and production may likely see a boost in 2018. What are the demand-supply factors to look out for this year?Platts Asia thermal coal managing editor Deepak Kannan and associate editor Arusha Das examine the key...
Jan 10, 2018
Iranian tanker accident: Impact on shipping and oil markets
An Iranian tanker carrying condensate bound for South Korea was involved in a fiery accident in the East China Sea. In this podcast, Shipping associate editor Wanda Wang and Oil analyst Alexander Yap examine the incident's impact on tanker, condensate and naphtha markets.Related content:Iran NITC...
Dec 15, 2017
Aluminum analysis: LME stocks, spreads and 2018 outlook
London Metal Exchange aluminum stocks have plunged steeply this year. In this podcast, S&P Global Platts editors Vicky Bakourou and Mayumi Watanabe discuss causes behind the fall, analysis of the market fundamentals and outlook for 2018.We welcome any feedback or suggestions for topics. Contact...
Nov 27, 2017
Will Australian alumina continue to outperform aluminum prices despite delayed Chinese cuts?
Prices of Australian alumina have ebbed after recently climbing to multi-year highs. In this podcast, S&P Global Platts editors Yuen Cheng Mok and Joanna Lim examine the factors driving alumina prices and the impact of the anticipated smelter output cuts in China. They also talk about the...
Nov 24, 2017
Does Zimbabwe's political turmoil mean boom or bust for its ethanol and sugar industry?
S&P Global Platts senior sugar analyst, Erin Burns, and biofuels editor, George Griffiths, take a look at the delicate political issues in Zimbabwe following Robert Mugabe's resignation, and investigate the potential impacts on sugar and ethanol production within the breadbasket of Africa.How...
Nov 1, 2017
War of words at the IMO over shipping's carbon problem
A working group of the IMO met at the organisation's headquarters in London recently to discuss cutting greenhouse gas emissions, setting off a public dispute about whether the shipping industry has too much influence over the UN body. S&P Global Platts fuel oil managing editor Ned Molloy and...
Oct 24, 2017
Gasoline, ethanol markets wait for clarifications on Mexico's biofuels blending
Mexico's Energy Regulatory Commission has been working for the past couple of years on NOM-016 to update the country’s gasoline regulations, including standards around blending ethanol to the fuel supply. But an injunction stopped an increased blend of 10% and moved it back to 5.8%. Editors...
Oct 18, 2017
Interview: From proof-of-concept to market reality for blockchain technology
Ahead of Platts first ever Digital Commodities Summit in London on November 14, 2017, James Rilett, Global Director of Innovation at S&P Global Platts spoke to our premier event sponsor, James Robert ("Bo") Collins, Founder of Matrix Global, on the key conference theme of how blockchain...
Oct 11, 2017
Digitization, supply chain and shale dominate EPCA 2017
Close to 3,000 petrochemical industry representatives attended the recently concluded EPCA annual meeting in Berlin, where digitization dominated discussions.A Platts seminar organized on the sidelines discussed key aspects like the impact of crude on petrochemicals and the polymers and aromatics...
Oct 11, 2017
Russia-OPEC crown new relationship with Moscow meetings
Russian and OPEC officials last week discussed the progress of their landmark crude oil production deal, and plans to increase bilateral cooperation, during multiple meetings and events held in Moscow.Russia's relationship with Saudi Arabia took center-stage, with the Saudi King’s historic...
Oct 10, 2017
China buyers return to Asia seaborne market amid uncertainty on Beijing’s import policy, port restrictions
The Asian thermal coal market is at an interesting crossroads this week, as Chinese buyers make a cautious return to the Asia seaborne market after their week-long holiday. Meanwhile, buyers in Japan continue to wrestle with Australian coal suppliers over prices for term contracts starting October...
Sep 19, 2017
Annual billet upcharges are still unclear, but demand is strong for 2018
Recent Platts spot billet upcharges are being driven higher by strong extrusion demand and a handful of supply issues, which may continue into next year. Karen McBeth, director of metals pricing and market engagement, speaks with Sarah Baltic Hilliard, Americas aluminum products pricing specialist,...
Sep 14, 2017
Alumina market braces for stormy Q4 as price hits multi-year high
Over the past two weeks, the alumina market has seen high prices, fewer spot cargoes and talks of refinery cuts, sending prices to multi-year highs. In this podcast, S&P Global Platts editors Yuen Cheng Mok and Joanna Lim examine the surge in alumina prices and look at market expectations in...
Sep 13, 2017
Russia, Asia cooperation set to strengthen amid geopolitical risks
Russia's recent focus on diversifying its export markets in Asia dovetails with plans by many countries in the region to expand refining capacities, which is reflected in a growing number of joint projects agreed recently.S&P Global Platts managing editor in Moscow Nadia Rodova discusses how...
Sep 8, 2017
Reduction in antidumping duties for Argentinian biodiesel paves way for increased imports into Europe
The future of antidumping duties against Argentinian biodiesel were finally confirmed this week, stipulating duties to be reduced by September 28. S&P Global Platts European biofuels editor, George Griffiths and global editorial director for agriculture, Tim Worledge discuss the potential...
Sep 6, 2017
PET supply tightness expected to remain in September following recent price hike
The polyethylene terephthalate market saw prices spike at the beginning of August when Lotte declared FM at one of its two plants in Wilton, UK. S&P Global Platts editor Sarah-Jane Flaws details the current situation and the expectation over the coming months.We welcome any feedback or...
Sep 4, 2017
EU T2 ethanol bearish on sugar, antidumping uncertainty: is the hype overdone?
The advent of the new sugar crop and overhaul of the European sugar regime in October are causing a stir in the European ethanol industry, as market participants expect to see some sugar-beet-based ethanol capacity return to the market.Further down the line, concerns around the potential removal of...
Aug 23, 2017
Eclipse prompted a balancing act by US markets as it curtailed solar power
Monday's eclipse cut a path across the US, causing concern for power grid operators — especially those with significant amounts of solar power generation. How did prices react, and what else is ahead in 2017? The North American power pricing team of Kassia Micek, Charles Noh and Jeff Zhou...
Aug 18, 2017
Container shipping -- Amazon vs Maersk: The clash of titans shaking the container industry
Approximately 90% of the world’s trade travels by sea and one would expect the industry's supply chain to be the height of modernity by adopting disruptive technology and strategies. However, this could not be further from the truth, as S&P Global Platts commodities associate Eleni...
Aug 2, 2017
Who, what, when, where and how? US biofuels industry grapples with RINs after waiver decision
A US appeals court rejected the Environmental Protection Agency's use of waiver authority to lower the federal biofuel mandate's blending volumes based on downstream constraints, but the decision leaves a lot of questions about how to find RINs to make up compliance shortfalls. Josh Pedrick and Wes...
Jul 20, 2017
Removal of anti-dumping duties in Europe could see Malaysian biodiesel producers priced out of market
With the future of anti-dumping duties against Argentinian and Indonesian biodiesel uncertain, S&P Global Platts editors Tim Worledge, Samar Niazi and George Griffiths take a look at how this could change the global biodiesel market and the emergence of new trade flows stemming from this,...
Jul 14, 2017
Asian alumina H2 outlook: Will markets be rocked by demand-supply imbalances?
Alumina prices started the year on a high note, and corrected in the second quarter. What's instore for the Asian alumina market for the rest of the year? Editors Yuen Cheng Mok and Joanna Lim examine the factors that could affect the market in the second half, including China's drive to tackle...
Jul 6, 2017
2018 RVOs don't hold surprises for US biofuels markets, but concerns linger
The US Environmental Protection Agency's proposed 2018 renewable volume obligations were released July 5, and responses from biofuels and oil industry players were mixed. Biofuels reporters Josh Pedrick and Wes Swift, as well as policy reporter Brian Scheid, crunch the numbers and consider how...
Jun 23, 2017
Asia thermal coal prices take off on step-change in China's demand as buyers chase spot cargoes
Asia's seaborne thermal coal market unexpectedly took off in June on a sudden surge in demand from Chinese buyers including large power utilities after a relatively subdued May. In this podcast, senior editor Michael Cooper joins editor Michelle Zhao in examining what's driving coal buyers in China...
Jun 14, 2017
PDH, cracker expansions to address olefin shorts in Europe: Ineos
Tom Crotty, director of European petrochemical company Ineos talks about its recent expansion plans underpinned by the need for more ethylene and propylene in Europe. The plans include a new propane dehydrogenation unit in Europe and expansion of ethylene capacity in Rafnes, Norway and Grangemouth,...
Jun 6, 2017
Russia, Saudi Arabia energy ties heading to new level
Russian and Saudi relations are emerging in the wider energy sphere and how these deepening ties feed into the whole OPEC/non-OPEC cooperation is begging the question as to whether one is a precursor to the other, according to associate editorial director Paul Hickin and managing editor Nadia...
Jun 1, 2017
US secondary aluminum market expects greater slowdown in summer 2017
The US aluminum industry is keeping a close eye on automotive sales forecasts and competition among smelters with the approach of summer — a typical time for maintenance shutdowns. Pricing specialists Sarah Baltic Hilliard and Alex Ifkovits delve into secondary aluminum trends and the current...
May 23, 2017
Rising lira, high Asian stocks and weak domestic demand hit Turkey's polyethylene markets
The Turkish polyethylene market faces tough times ahead due to the combination of a resurgent lira, high Asian polyethylene stocks, weak domestic demand and rising supplies from both east and western markets. S&P Global Platts North Africa and Turkey petrochemicals editor Daved Chohan and...
May 23, 2017
Some US power prices higher than last year as summer approaches
The North American power pricing team takes a coast-to-coast look at the US electric power landscape, including forecast demand, generating capacity and prices for ERCOT, Cal-ISO and the PJM Interconnection. Kassia Micek, Charles Noh and Jeff Zhou evaluate how the power markets are shaping up as...
May 22, 2017
Palm oil biodiesel volumes surge as Europe’s blenders soak up product
Volumes of palm oil methyl ester from Southeast Asia is heading towards the European biofuels complex, as Europe's blending and production hubs of Spain and Amsterdam-Rotterdam-Antwerp soak up imports to fire FAME 0 production. S&P Global Platts editors Tim Worledge and George Griffiths...
May 11, 2017
Interview: IEA sees oil prices firming if OPEC cuts rollover
Neil Atkinson, Head of the IEA Oil Industry & Markets Division, talks to S&P Global Platts senior oil news editor, Robert Perkins, on the outlook for global oil market balances, the recent oil price slip, the implications of potential rollover of output cuts by OPEC and other key oil...
May 10, 2017
Newly optimistic US coal industry focuses on flexibility, federal regulations
The Eastern Fuel Buyers Conference draws coal players from all basins and different market segments, and the mood had lifted this year as the industry welcomes an uptick in demand and new administration in the White House. Coal Trader editors Jeff McDonald and Jim Levesque both attended the...
May 5, 2017
Could China tax on mixed aromatics imports alter EU gasoline blending economics?
Expectations are rife of an introduction of consumption taxes on mixed aromatics into China. But will this change the face of the European blending components market? Yuriko Kato, petrochemicals EMEA editor, explores this subject with the aromatics senior specialist, Sam Hashmi, and the gasoline...
Apr 28, 2017
Met coal market volatility, Q2 benchmark delay in focus among coal, coke traders
Extremely volatile metallurgical coal and coke prices, and delays in industry reference pricing is pushing uncertainty into the market. There is speculation around the rate of return for shipments from Queensland, and how much further restocking is expected.At the recent Eurocoke conference in...
Apr 18, 2017
Petrochemical M&A strategies in a world of political unknowns
Paul Harnick, head of chemicals and the global chemicals chief operating officer at KPMG, joins Yuriko Kato, reporter in the European petrochemicals team, to discuss the latest trends in M&As in the petrochemicals industry.Despite significant political unknowns, from Brexit negotiations to the...
Apr 18, 2017
Shipping industry faces seismic shift in 2020 as sulfur cap looms
In 2020 the shipping industry is facing its biggest change since the shift away from burning coal a century ago as the IMO is set to impose a new 0.5% sulfur cap on marine fuel emissions. S&P Global Platts associate director Paul Hickin and editorial lead for bunker news Jack Jordan assess the...
Apr 12, 2017
Turkish grains imports paradigm shift
Turkey stopped Russian grain imports following a government decision in mid-March. What impact did the lack of Russian grains imported into Turkey have on the milling and processing industry, how is the decision likely to affect the trading landscape, and will Turkish consumers continue buying...
Apr 11, 2017
Ethanol tariff sought by Unica may not slow Brazil's imports: market
Unica, Brazil's sugar industry group, is seeking the reinstatement of an ethanol import tariff, citing greenhouse gas emissions from other producers and surging ethanol imports — especially from the US. Biofuels analyst Beatriz Pupo talks to US ethanol editor Josh Pedrick about how Brazil's...
Mar 31, 2017
Commodities pricing now mostly on path to recovery, execs say
S&P Global Platts content director for EMEA metals Christopher Davis, and senior writer Robert Perkins -– just back to London from the shores of Lake Geneva -- discuss the outlook from the recent FT Commodities Global Summit in Lausanne, Switzerland. From oil to metals and mining to...
Mar 30, 2017
Petrochemical expansions, exports dominate conversations at AFPM IPC
It was another busy International Petrochemical Conference from the American Fuel & Petrochemical Manufacturers in San Antonio, and our editors and analysts share what they learned from various conversations about olefins, polymers, aromatics and intermediates. John Calton, managing editor for...
Mar 22, 2017
Northeast US coal burn increased in March even as retirements will impact power gen mix
It seems Mother Nature decided to skip most of winter in the Northeast US this year, but a recent cold snap bumped up power and gas prices in March and the region's generation mix is still changing. Charles Noh and Eric Wieser, with the power pricing team, examine how day-ahead power prices were...
Mar 20, 2017
Asian thermal coal market: Japan April price talks, S Korean consumption tax in focus
Senior editor Michael Cooper and associate editor Mia Corazon Aureus give an overview of Asian thermal coal markets, including the latest in Japan's benchmark contract negotiations, South Korean imports and coal consumption tax updates, Indonesian prices, and our newly-launched Northeast Asian...
Mar 10, 2017
UK, US sugar: If you cane beet them, join them
On both sides of the Atlantic, recent political developments are starting to have an impact on what will end up on your plate. Fresh back from the International Sweetener Colloquium, Tim Worledge, editorial director of pricing, sits down with Thomas Houghton, senior pricing specialist, to take a...
Feb 22, 2017
Polymer volumes poised to pick up on US railroads as resin producers target exports
Last year, CSX's chemical segment surpassed coal as the railroad's largest revenue generator as it and other railroads are moving more resin and years of polymer production growth is coming. Kristen Hays, petrochemical analyst, examines how railroads are looking to fill space where coal revenues...
Feb 21, 2017
Brexit’s impact on the UK natural gas market
Ahead of the launch of formal Brexit divorce negotiations expected in March, Thierry Bros, senior research fellow at the Oxford Institute for Energy Studies joins Lucie Roux, senior European gas specialist at S&P Global Platts, to discuss the challenges ahead for an import-dependent UK gas...
Feb 17, 2017
How will European producers cope without anti-dumping duties on Chinese PET?
On February 8, the European Commission dropped its anti-dumping duty on imports of PET from China, which were as high as 22.9%. But will the European PET producers now find themselves with an elephant in the room? Shashank Shekhar, petrochemicals EMEA news editor, explores this subject with the PET...
Feb 13, 2017
Russian agriculture flourishes against the odds
It would hardly be an understatement to say Russia has fallen on hard economic times in recent years, although this does not tell the whole story. Tim Worledge, editorial director of pricing, joins Erin Burns, senior analyst, and Thomas Houghton, senior pricing specialist, to discuss some of the...
Feb 3, 2017
Russia weighs up January crude output cut, impact of new US administration on oil sector
Preliminary data for January indicates that Russian oil producers are complying with an OPEC/non-OPEC deal to cut crude output, which alongside Russia's relationship with the new US administration looks set to have a significant impact on Russian oil in 2017. Nadia Rodova, managing editor at...
Jan 31, 2017
US coal producers disciplined in the face of higher prices, lower stockpiles
US thermal coal prices have risen over the past few months, largely lifted by higher gas prices for power generation, and forecasts for a tighter gas market in 2017 is good news for coal producers. Jim Levesque and Jeff McDonald, associate editors for Coal Trader, detail price movements for Central...
Jan 30, 2017
Sugar's fortunes delicately poised as supply expectations edge towards surplus
Tim Worledge and Claudiu Covrig look at the intricate interplay between supply and demand in the global sugar markets, and mull the impact of recovering sugar production in India and Thailand, the return of the EU to the international markets and the effect of prolonged poor monsoons in India which...
Jan 27, 2017
BPF outlines UK's plastic industry's Brexit concerns
Mike Boswell, chair of the Brexit Committee at the British Plastic Federation assesses the challenges for an import dependent UK plastics industry post Brexit. UK converters face legislation changes, currency volatility and uncertainty in demand as the UK moves towards leaving the European Union.We...
Jan 24, 2017
2017 Outlook: European power perks up
After years of steady price declines, European power markets are dancing to a lively tune of nuclear outages, low wind and spiky Winter demand. Will prices rebalance once the current capacity squeeze is over? S&P Global Platts power reporters Henry Edwardes-Evans and Andreas Franke compare...
Jan 23, 2017
Container shipping: What next for the smaller TEU fleet?
Can the abandoned smaller TEU vessels become the workhorse for the customer focused container market? S&P Global Platts senior editor Andrew Scorer explores some potential options for these vessels to become a key player and provide a competitive advantage.RELATED CONTENTBlog post -- Container...
Jan 18, 2017
Gas generation squeezed by coal in US winter power markets
Wholesale electric power prices in the US are starting 2017 by ticking upward, lifted by firmer natural gas prices, which overall has caused coal generation to take some of gas generation’s share in the overall fuel mix. Kassia Micek and Eric Wieser of the North American power pricing team...
Dec 14, 2016
Headwinds for US aluminum alloy market likely to continue into 2017
It's been tough going for the secondary aluminum market over the last few months, and an ample alloy supply is weighing on the US market as the year ends. Sarah Baltic Hilliard, metals market editor in Pittsburgh, assesses the current market level for the A380 aluminum benchmark and what is...
Nov 25, 2016
Coal prices wait on China production and winter severity
S&P Global Platts editors Jacqueline Holman and Cameron Carswell discuss recent moves in European and Asian thermal coal markets, from the rapid increase in prices which saw the Australian market hit $115.50/mt FOB for 6,000 NAR kcal/kg cargoes, to the more recent price retreat and where the...
Nov 14, 2016
One month after the implementation of gas balancing schemes in Italy and Spain
In October 2016, new gas balancing schemes were rolled out in Italy and Spain to align the two countries gas hubs with European standards.Market reporters Dalila Ouerghi and Mario Perez discuss the implementation of these new gas balancing regimes, their effect on liquidity and the feedback from...
Nov 10, 2016
The changing gas and power landscape under Trump
It's a much different picture for American natural gas, coal and power than just a few days ago as the US energy industry eyes a future under President-elect Donald Trump. Not only will key Washington appointees shift the tone of agencies like the Federal Energy Regulatory Commission and the...
Aug 10, 2016
Turkey surprises market with $15/mt thermal coal import duty
S&P Global Platts editors Jacqueline Holman and Cameron Carswell discuss the surprise announcement from the Turkish government to levy a $15/mt tax on imported thermal coal for power generation, the short term impact of the tax, the potential beneficiaries and the ways in which market players...
Aug 5, 2016
Thermal coal prices surge as Chinese buyers scramble for cargoes in supply-driven market
The seaborne thermal coal market has seen a huge turnaround with an unexpected surge in prices since June. In this podcast, senior editor Michael Cooper joins managing editor Deepak Kannan in examining what's driving coal buyers in China to bid higher for cargoes from Australia and Indonesia, the...
Jul 13, 2016
Mozambican thermal coal heads to Europe
S&P Global Platts editors Jacqueline Holman and Cameron Carswell discuss European utilities importing high ash thermal coal from Mozambique, the requirement for blending with lower ash coal grades, the range of prices for Mozambican coal and whether demand is likely to rise in the coming...
May 20, 2015
Higher gas demand taking some pressure off well-supplied North American markets
Pipeline maintenance and an uptick in gas-fired power generation are supporting price movements in North American spot and forwards natural gas markets. Curt Mrowiec and Chris Pedersen, senior pricing specialists at Platts, and Thad Walker, energy analyst with Bentek Energy, detail the current...
May 15, 2015
Belarus' gasoline supply relationship with Russia; ambitions to boost oil exports to EU
Platts Stuart Elliott, associate editorial director, Europe and Africa oil news, and Nastassia Astrasheuskaya, Platts editor in Moscow, discuss the current status of Belarus' gasoline supplies to Russia, its refinery modernization program and Minsk's ambitions to boost oil product exports to...
May 14, 2015
US coal producers try to keep utilities' attention despite cheap gas
The tension between US coal producers and fuel buyers was evident at the recent Eastern Fuel Buyers Conference, where coal sellers expressed the desire for utilities to work with them to help keep the coal industry afloat. But continued low natural gas prices means the US EIA expects gas generation...
May 11, 2015
What next for the UK oil sector after Conservatives secure surprise victory?
Platts Stuart Elliott, associate editorial director, Europe and Africa oil news, and Nick Coleman, Platts senior editor in London, discuss the implications for the UK's oil sector of the Conservative Party victory in the May 7 UK general election, the rise of the Scottish Nationalist Party and what...
May 7, 2015
Energy supply, financing high on Russia-China agenda
Platts Stuart Elliott, associate editorial director, Europe and Africa oil news, and Rosemary Griffin, Platts editor in Moscow, discuss the possible outcome of talks May 8-10 between Russia and China in the areas of oil and gas supply and financing, as well as the continued rise in Russian oil...
May 6, 2015
Lackluster Turkish demand for petcoke, scrap maintains soft Supramax freight rates
Konstantinos Tsolakis, freight editor for the Atlantic Supramax market, discusses the impact low Turkish demand for petroleum coke and scrap metal has had this year so far on the freight cost of shipping both commodities to Turkey, with Aleksandrs Juhnevics, managing editor for West of Suez freight...
Apr 29, 2015
Interview: Yamal LNG and Fluxys’ 20-year contract for Zeebrugge LNG transshipment
Lucie Roux, pricing specialist for Platts European gas team, spoke to Laurent Remy, Spokesman and Social Media Manager at Fluxys Belgium, on Belgian Zeebrugge's main assets to support year-round LNG deliveries from the Yamal Peninsula to Asian-Pacific markets. We welcome any feedback or...
Apr 29, 2015
EU charges Russia's Gazprom with alleged market abuse
Platts EU energy policy specialist Siobhan Hall and International Gas Report senior managing editor William Powell discuss the European Commission's latest charges against Russian gas giant Gazprom for alleged market abuse in central and eastern Europe, looking at the legal precedents and the...
Apr 24, 2015
PRB coal users find flexibility key as power generators pressured
Powder River Basin coal buyers met recently outside Chicago and expressed long-term optimism that the using PRB coal would offer some stability -- including with prices -- despite changes to the US power generation landscape. Jeff McDonald, associate coal editor, talks with Andrew Moore, managing...
Apr 23, 2015
Outlook for Russian oil against sanctions backdrop
Platts Stuart Elliott, associate editorial director, Europe and Africa oil news, and Nadia Rodova, Platts Moscow bureau chief, discuss the outlook for Russia's oil sector against the backdrop of international sanctions against Moscow, including the opening up of Russia's offshore, expected crude...
Apr 15, 2015
Shell-BG Group deal: What does it mean for the LNG market?
The $70-billion takeover deal between Shell and BG Group will make Shell the second largest global oil producer in the world. But both companies are also active on the LNG front. In this podcast, Platts pricing analyst Max Gostelow and editor Abache Abreu look at the implications of the deal on the...
Apr 14, 2015
Can N. American gas be saved by coal retirements, power burn?
North American natural gas production is outstripping demand, and increasing power demand due to the forced retirement of coal plants may not be enough to stabilize gas prices going forward. Senior pricing specialists Curt Mrowiec and Chris Pedersen and Bentek Energy senior analyst Bob Yu analyze...
Mar 27, 2015
Taiwan sees increase in LNG consumption
Taiwan is starting to prepare for its peak summer season and LNG demand fundamentals are about to change. Platts editor for LNG Abache Abreu explains the seasonal increase in the country's downstream consumption and state-owned buyer CPC's demand for spot cargoes to offset an expected shortfall in...
Mar 26, 2015
As winter demand wanes, US gas markets wait for next driver
The US natural gas markets are transitioning to spring, and now the industry is wondering where the big demand drivers will be as the weather warms. Will power burn come in and "save the market" this year? Senior pricing specialist Curt Mrowiec, associate editor Patrick Badgley, and Bentek Energy...
Mar 25, 2015
Oil companies vie for prime acreage in US Gulf of Mexico
While winning bids at the 2015 US Central Lease Sale 235 were down from 2014, prices per acre for the ability to potentially produce oil offshore were among the highest of the last 20 years. Starr Spencer, senior editor for oil news, evaluates how the US Bureau of Ocean Energy Management's annual...
Mar 20, 2015
US coal producer acquisition could boost confidence in industry
Questions abound after the US' largest privately-held coal producer, Murray Energy, acquired prominent Illinois Basin producer Foresight Energy. Platts Coal Trader managing editor Andrew Moore and associate editor Jim Levesque contemplate whether Foresight's longwall mining production will continue...
Mar 19, 2015
Outlook for ExxonMobil's operations in Russia against backdrop of sanctions
Platts Stuart Elliott, associate editorial director, Europe and Africa oil news, and Rosemary Griffin, Platts Moscow editor, assess the outlook for ExxonMobil's continuing operations in Russia against the backdrop of international sanctions against the country. We welcome any feedback or...
Mar 16, 2015
Import restrictions drag down coal trade in China
China has been mostly inactive in the spot market after the Lunar New Year holiday. Platts associate editors for thermal coal Arusha Das and Mia Corazon Aureus analyze the impact of China's weak demand on the Asian coal trade, Indonesia's plan to ramp up production this year, and the buying pattern...
Mar 5, 2015
Winter prompts new US electric power demand records
It's the winter that won't stop in the US, where wholesale electric power markets have been battered by record-setting demand and many prices hit peaks in February. Platts power market reporters Eric Wieser and Kassia Micek walk through the demand peaks of the winter and the impacts on prices. Hear...
Feb 18, 2015
Production and power burn pull on US natural gas markets
More winter storms battering the Northeast US and New England means more natural gas market volatility, but the price movements are more muted than in years past. Senior pricing specialist Curt Mrowiec, associate editor Patrick Badgley, and Bentek Energy senior energy analyst Bob Yu detail spot and...