— Diving down the barrel: Where are traders finding value? D6 is mostly used for generators. 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. Platts also assesses cargoes of WTI Midland on an FOB Scapa Flow basis. Production has held at around 10.5 million b/d to 11 million b/d since late October, according to the US Energy Information Administration. Platts European fuel oil cargo assessments reflect the repeatable, transactable price of fuel oil for 10-25 days ahead, also assessed at 16:30 London time. SINGAPORE FUEL OIL 180 CST (PLATTS) FUTURES - QUOTES Globex. An email confirming your password has been sent. This video was produced in collaboration with the 22nd annual S&P Global Platts Global Energy Awards which will be broadcast on Thursday, December 10th. Platts Market-on-Close (MOC) is the process Platts editors use to assess prices for crude oil, petroleum products and related swaps. Press release: S&P Global Platts Opens Consultation on Inclusion of WTI Midland Crude in Dated Brent, Related story: S&P Global Platts proposes inclusion of WTI crude in Dated Brent benchmark. In today’s podcast we’ll review how Platts AGS has performed since its launch in June amid challenging fundamentals for global oil markets. 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. Fate of weakest upstream assets still unclear. Against this background, the OPEC+ group in April agreed to is deepest-ever production cuts. From the impact of coronavirus in China, to sanctions imposed on major producers like Venezuela and Iran, understanding the importance of crude quality has … These include ExxonMobil’s $10 billion Golden Pass US LNG project, Chevron’s $6.3 billion deepwater Anchor US oil project, and Shell’s $3.9 billion deepwater Mero Sepetiba project in Brazil. 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 […]. Refined products benchmark assessments for Northwest European and Mediterranean cargo markets and ARA barge markets. Dated Brent, Dubai/Oman, Diesel 10 ppm, Fuel oil 3.5%, Naphtha • News and commentaries used to make informed business decisions. Market Specifications Trading Screen Product Name Fuel Oil Futures Trading Screen Hub Name 1% CIF NWE Cg (Platts) Mini Contract Symbol . This assessment is published as both an outright price and as a differential to Dated Brent for 600,000 barrel cargoes loading FOB from the ship-to-ship [STS] area at Scapa Flow 10 days forward from date of publication to one month ahead. The Fuel Oil 1% FOB NWE Cargoes (Platts) Average Price Options are premium-paid-upfront options. Access latest power news and analysis, conferences and events. Resources held by Western energy majors could be the tip of the iceberg. Europe’s three biggest oil majors, for example, plan to spend on average about 8% of their total capex on renewables and low-carbon investments this year. Platts. The fuel requires to be preheated before it can be used. We’ll bring together an established community of petroleum players to network and discuss how the energy sector will reignite operations, reboot business models, and eventually reemerge post-pandemic. The Europe and Africa Refined Oil Products Guide contains the primary specifications and methodologies for Platts European Products assessments. “In an efficient market there has to be sufficient return to bring on new supply and probably the divergence between European and American majors is the fact that American majors think that demand might be a bit stronger in the near term at least,” Klein said. 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. While the higher sulfur barge market typically reflected a bunker specification grade, Platts low sulfur fuel oil barges reflected a variety of utility and bunker fuel specifications. Platts Market-on-Close (MOC) is the process Platts editors use to assess prices for crude oil, petroleum products and related swaps. 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