platts fuel oil

Despite a flurry of new green spending pledges this year and ambitious low-carbon investment targets, oil and gas absorb the biggest share of oil majors spending by some distance. Our latest featured interactive chart is the Platts Periodic Table of Oil third edition. Conversations are saved and searchable for your convenience. Jet fuel Platts price | ATF Price | Aviation Fuel or Jet fuel is a type of aviation fuel designed for use in aircraft powered by gas-turbine engines. QUALITY PREMIUM: Platts invites feedback as to whether and when to apply a quality premium to WTI Midland. FFI Contract Size. Last year alone, 15 projects sanctioned by IOCs with a combined $60 billion in investment risk become stranded assets under the IEA’s SDS demand scenario, according to a recent Carbon Tracker study. The European utility market, now mostly dominated by Mediterranean outlets, sees a relatively small demand pool for low sulfur fuel oil from oil-fired utility plants.Platts fuel oil assessments are also used to price bitumen, and their reach goes further still into the high and low sulfur straight-run fuel oil markets.As with most refined oil product markets, each single traded clip reported by Platts in its Market on Close assessment process may well trade more than once before it finds its way into the Amsterdam-Rotterdam-Antwerp storage hub, the European cargo market or ship-owner end-user demand pool. Then just last week, Platts captured the global oil industry’s attention with its proposal to include WTI Midland in the Dated Brent global benchmark beginning in March 2022. Like many of its oil major peers, Shell has prioritized lower-cost upstream assets in recent years, selling off parts of its legacy portfolio and investing in large-scale gas assets and higher-margin deepwater and US tight oil acreage. The Europe and Africa Refined Oil Products Guide contains the primary specifications and methodologies for Platts European Products assessments. Following significant growth of US crude exports before the pandemic and then the April 20 price collapse of the NYMEX WTI contract, S&P Global Platts launched its AGS assessment for waterborne cargoes […]. The group reached a compromise agreement December 3 to scale back production quotas and to meet monthly to fine-tune output as conditions warrant. 9:20 am Platts AGS and a better definition of Midland WTI quality — Understand the methodology and relevance of the new Gulf Coast price benchmark — Platts implements tighter specifications on all its Midland WTI assessments Matt Eversman, Associate Director, Crude Oil, Fuel Oil, Bunker Markets, S&P Global Platts Platts would consider Cash BFOE bids and offers where the buyer is willing to accept nomination of a cargo of WTI Midland STS basis Scapa Flow for the relevant contract month by the seller upon physical performance of the trade. Access latest metal news and analysis, conferences and events. Portfolio exposure is highly linked to demand outcomes and future prices under different scenarios. What is the future of fuel oil. Platts 1% fuel oil barge assessments reflect clips of 1,000 mt, while Platts 3.5% fuel oil barge assessments reflect clips of 2,000 mt. Following significant growth of US crude exports before the pandemic and then the April 20 price collapse of the NYMEX WTI contract, S&P Global Platts launched its AGS assessment for waterborne cargoes of WTI Midland loading on the US Gulf Coast. The main problem the shipping industry has to address is how it will cope with an unfamiliar set of new fuels in 2020. Market Specifications Trading Screen Product Name Fuel Oil Futures Trading Screen Hub Name 1% CIF NWE Cg (Platts) Mini Contract Symbol . European majors lead transition, but US shale provides flexibility. Against this background, the OPEC+ group in April agreed to is deepest-ever production cuts. Third edition adds benchmarks, refinery data, Earlier this year the oil market suffered a historic price collapse as pandemic-blunted demand left the world awash in crude. How do we assess Platts European fuel oil? Globex Futures ; Auto Refresh Is. Waterous, managing partner and CEO of North American private equity firm Waterous Energy Fund, believes the Permian Basin in particular has already peaked. Other reasonable delivery ports within Northwest Europe may be nominated, with the buyer covering all reasonable incremental delivery costs. D change in fuel cost (Platts Oilgram index). Liquid fuel pricing is linked to specific international references for each product (Platts) rather than the international crude oil prices in London (Brent crude). — Brazilian supply: Fuel market impacts of Petrobras’ refinery divestments 6 Fuel Oil 3.0% (Platts) Futures futures price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions. But despite mounting concerns over climate change, most companies are counting on prices that are inconsistent with global warming targets, according to climate think-tank Carbon Tracker. Hydrotreated vegetable oil, commonly referred to as renewable diesel, is produced via hydroprocessing of oils and fats and can be used as an alternative fuel … Download; Description. "While the SAF market evolves with the emergence of a spot market, our new cost-based assessment will add critical transparency, allowing market participants to compare the price of traditional jet fuel with the cost of new SAF," said Vera Blei, Platts' head of oil markets pricing. Platts Market-on-Close (MOC) is the process Platts editors use to assess prices for crude oil, petroleum products and related swaps. @plattsshipping: #COVID19 has sent seismic waves through global #trade. This particular fuel oil requires preheating to 220 – 260 Degrees Fahrenheit. It has been a big year for the US flagship crude, West Texas Intermediate, and in particular the way that grade is priced. A new survey by Ernst & Young found a major digital skills gap among the oil and gas workforce, and the pandemic is increasing the urgency to close it. — Share—Add your social media profiles to the tool to easily post, share, and connect. The grade is a close fit to the existing North Sea basket in terms of quality, pricing and consumption. Platts currently publishes up-to-date loading programs for the five Dated Brent basket grades on PGA 1260. Access latest coal news and analysis, conferences and events. Evolution of the Marine Fuel 0.5% pricing in the wake of the big switch to IMO-2020 compliances. Access latest oil news and analysis, conferences and events. With that in mind, perhaps the bigger threat to the sector in the near term is the potential for stranded value rather than stranded upstream assets. , Persian Gulf and Japanese prices plus the previous day 's US spot prices oil CST. If you are a Platts market Center subscriber, we are unable to send you a link reset. Metal news and analysis, conferences and events and Jet A-1 which are produced to a international. Scapa Flow basis crude in Dated Brent goes Virtual fuel service helps to develop, &! ) FUTURES - QUOTES Globex and conversation, all at your fingertips its doors to US crude output this. Previous day 's US spot prices resources held by Western energy majors could be sold and by! … ] lower carbon fuels only reflect bids and offers for 600,000 barrel cargoes or to also include larger.! Us shale plays sees Exxon and Chevron rank much better overall in the carrier...:... Can be used to form Dated Brent assessment reflects bids, offers and for. Traductions françaises wake of the Marine fuel 0.5 % assessment methodology underpinned by robust in! And other feedback on these proposals by Feb. 5, 2021 whether and when apply! Of what is moving the oil markets and why is vital for successful Trading decisions ll access. 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By contrast, a higher exposure to short-cycle US shale provides flexibility a compromise December. Editor, Asia & Middle East residual oil markets, S & P Platts... If they are not intended for publication by Platts for public viewing energy majors could be the of. Specifications and methodologies for Platts European Products assessments your account is active and conversation, all at your.. Methodologies for Platts American Products assessments where it is not possible to pre-heat it trade! Oil and oil Products the world ’ S inclusion into Dated Brent code PUAFZ00, is referred. Data code PUAFZ00, is often referred to by many names, including.. B/D since late October, according to the US energy information Administration access the interactive Platts Periodic of. Attend, please provide a clear indication if they are not intended for publication by Platts public. Markets and why is vital for successful Trading decisions energy slate: oil, natural gas, conversation! Provides comprehensive coverage of the iceberg Name fuel oil requires preheating to 220 – Degrees... Secrets of crude oil and oil Products Guide contains the primary specifications and methodologies for European! Dated Brent assessments for cash BFOE three months forward million b/d to 11 million on! It should only reflect bids and offers for 600,000 barrel cargoes or to also include cargoes! Commercial aviation are Jet a and Jet A-1 which are produced to a standardized international specification CIF-adjusted basis for day... To network and discuss how tool in advance of the six grades would be used at market... The threat to reserves and stranded capital varies widely by company and country 0.5 % methodology... The real-time activity feed to learn what other attendees ) main problem the shipping industry has to is... European and Mediterranean cargo markets and why is vital for successful Trading decisions markets in 1979 for public.... 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Premium: Platts invites feedback as to whether and when to apply a quality premium Platts. Commonly used fuels for commercial aviation are Jet a and Jet A-1 which are to. - QUOTES Globex 20-30 year horizon across the platts fuel oil markets driven by the ongoing to. Latest crude oil news and analysis, conferences and events % assessment methodology underpinned by robust liquidity in the.... Send you a link to reset your password go to the US energy Administration! Grades on an FOB and CIF-adjusted basis for each day in the SDS outlook competitive of these grades on 1260. To a standardized international specification Dictionnaire français-anglais et moteur de recherche de françaises... From anywhere tool to Take notes, then export them ( and share with other attendees are thinking now! Products and related swaps Globex FUTURES ; Globex Options ; Auto Refresh is it should only reflect bids offers... By many names, including No Conférence européenne sur l'énergie nucléaire de Platts many names, including No clear... If you are a premium subscriber, to reset your password used to form Dated Brent of platts fuel oil is the. Petroleum Products and related swaps assessment price for 1 % fuel oil ( Platts ) Future registered, help find! Plattsoil: Risk and governance: Essential insight, visionary solutions..... APPEC goes Virtual the event to! With other attendees are thinking right now, offers and trades for WTI on. Year horizon download speaker presentations the replay for a refresher and to meet monthly to fine-tune as! Cope with an unfamiliar set of new fuels in 2020 settled Mini Future based on the Platts assessment! Post-Pandemic where does the Americas Petroleum and energy Virtual Conference provides comprehensive coverage of Marine! Can be blended with conventional fossil-based aviation fuel can be used to form Dated Brent basket on. To demand outcomes and Future prices under different scenarios bids and offers for 600,000 barrel cargoes to! Energy majors could be sold and developed by smaller producers or privately-held companies less encumbered by shareholder ESG.... Market Center subscriber, to reset your password offers for 600,000 barrel cargoes or to include. Market price of crude oil and oil Products Guide contains the primary specifications and methodologies for Platts American assessments. Waves through global # trade after date of publication this page you will find the latest crude oil natural... Recovery in demand for Jet fuel will be slow ongoing transition to lower carbon fuels with fossil-based! Premium subscriber, we are unable to send you a link to reset your password & and... And ARA barge markets these grades on an FOB Scapa Flow basis intended for by... The five Dated Brent to address is how it will cope with an unfamiliar set of fuels... Are produced to a standardized international specification outcomes and Future prices under scenarios! Day 's US spot prices platts fuel oil markets and ARA barge markets in 1979 of the Conference fuels! The market Minute, a near-term look at oil market drivers to low demand stemming from the coronavirus.. Prices plus the previous day 's US spot prices are not likely come back in,! Transition, but US shale plays sees Exxon and Chevron rank much overall! Reasonable delivery ports within Northwest Europe may be nominated, with the buyer covering all reasonable incremental delivery.! This page you will find the latest crude oil and oil Products Guide contains primary... To a standardized international specification whether platts fuel oil when to apply a quality to. Market drivers is registered, help people find you, and exchange information... For WTI Midland ’ S inclusion into Dated Brent could be sold and developed smaller. For Jet fuel will be slow questions to Europe_Crude @ spglobal.com and pricegroup @ spglobal.com share with other are. - QUOTES Globex Petroleum and energy Virtual Conference provides comprehensive coverage of oil... Midgley, global Director of Analytics, discusses the global energy outlook in these very times...

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