Collectively, oil majors are poised to spend just over $18 billion on wind and solar projects until 2025, according to Norway’s Rystad Energy. New and Discontinued Price Symbol Alerts are issued when we launch new assessments and announce discontinued assessments. Platts invites comments, questions and other feedback on the below proposals by Feb. 5, 2021. Platts assessments reflect a standard Aframax cargo size of around 600,000 barrels, though cargoes of between 500,000 barrels and 700,000 barrels may be bid or offered in the Platts Market on Close assessment process and are normalized back to a 600,000 barrel standard. Globex Futures ; Auto Refresh Is. if the 5th attempt fails, the account will be locked for 30 minutes, Please use only English characters (A-Z, a-z), You already have an account, Please log in or reset password. With so much US crude now coming to Europe, Platts has announced a proposal to include US WTI Midland into the North Sea benchmark of Dated Brent. WTI Midland is a light, sweet crude oil with a typical average monthly export volume of 1.078 million barrels per day during 2020, of which around 443,000 b/d arrived in Europe. Platts currently publishes up-to-date loading programs for the five Dated Brent basket grades on PGA 1260. D change in fuel cost (Platts Oilgram index). Over the past three months, the Platts Northwest European HVO assessments were approximately 4.2 times the price of ultra-low sulphur diesel, having averaged $1,388.5 /mt, while the Platts ultra-low sulphur diesel assessments in the same region averaged $332.6. — U.S. upstream: Driving cost efficiencies, finding access to capital Platts Marine Fuel 0.5% assessment methodology underpinned by robust liquidity in the Market on Close assessment process; Platts Marine Fuel 0.5% assessment steadily gaining traction as the regional low sulfur benchmark ; Rajesh Nair, Managing Editor, Asia & Middle East Residual oil markets, S&P Global Platts. Following an extended period of research, market outreach and review, S&P Global Platts is opening a formal consultation regarding the inclusion of WTI Midland crude in its Dated Brent benchmark, and all related assessments. “The majors are focusing on the advantaged resources – high margin, low cost, low carbon risk,” said Luke Parker, the vice president of energy consultants Wood Mackenzie, noting this also means “getting rid of the barrels and molecules that don’t work — the resource that will be stranded in a 2-degree future.”. A monthly cash settled mini future based on the Platts daily assessment price for 1% CIF NWE Cargoes Fuel Oil. A monthly cash settled future based on the difference between the Platts daily assessment price for New York 1% Fuel Oil and the Platts daily assessment price for US Gulf Coast High Sulphur Fuel Oil. Settlement prices on instruments without open interest or volume are provided for web users only and … Tim Haskell, EY’s US oil and gas people advisory services leader, tells us some other findings from the survey and how the industry’s response to this challenge will determine future growth. Platts has observed growing interest in renewable fuels across the transportation markets driven by the ongoing transition to lower carbon fuels. For written comments, please provide a clear indication if they are not intended for publication by Platts for public viewing. The rate shot up to $66.67/mt on March 17, according to Platts data, when Saudi Arabia actively chartered VLCCs. 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. Liquid fuel pricing is linked to specific international references for each product (Platts) rather than the international crude oil prices in London (Brent crude). It remains unclear, however, whether the energy transition will force Big Oil to leave billions of barrels that were previously assumed to be recoverable left in the ground. In today’s podcast we’ll review how Platts AGS has performed since its launch in June amid challenging fundamentals for global oil markets. Reigniting Operations and Reemerging Post-Pandemic Where does the Americas energy sector stand amid a global pandemic? With average production decline rates from existing fields of about 8% per year, the risk to them of large-scale stranded assets could be relatively small given that oil and gas is expected to remain a key part of the global energy mix for decades. We’ll bring together an established community of petroleum players to network and discuss how. Platts assesses cargoes of WTI Midland for delivery DAP basis Rotterdam 20-60 days after date of publication. Evolution of the Marine Fuel 0.5% pricing in the wake of the big switch to IMO-2020 compliances. 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. Evolution of Platts European fuel oil price assessments, Congress passes ITC and PTC 'extender bill' for renewables, but confusion injected by Trump, Commodity Prices and Essential Market Data, Americas Petroleum & Energy Virtual Conference. — India demand: Is India the long-term growth market for oil demand? Fuel oil … Platts Marine Fuel 0.5% assessment methodology underpinned by robust liquidity in the Market on Close assessment process Against this background, the OPEC+ group in April agreed to is deepest-ever production cuts. De très nombreux exemples de phrases traduites contenant "Platts oil" – Dictionnaire français-anglais et moteur de recherche de traductions françaises. Gain a global view with Singapore, Persian Gulf and Japanese prices plus the previous day's US spot prices. Use it to: — Build your network—See who else is registered, help people find you, and exchange contact information digitally. Waterous, managing partner and CEO of North American private equity firm Waterous Energy Fund, believes the Permian Basin in particular has already peaked. Platts. Platts invites feedback on whether it should only reflect bids and offers for 600,000 barrel cargoes or to also include larger cargoes. Unwanted reserves held by oil majors could be sold and developed by smaller producers or privately-held companies less encumbered by shareholder ESG concerns. Recent investments at odds with energy transition scenarios. In the case of Shell, upstream capex will shrink to around 35%-40% of the total by 2025, down from 50% currently, with about a quarter of spending going on a “growth portfolio” of marketing, power, biofuels and hydrogen. Eni and BP are amongst the best-prepared companies under the B2DS scenario, although up 60% of their respective portfolios are still uncompetitive, the report finds. Consolidation in the carrier... PlattsOil: Risk and governance: Essential insight, visionary solutions..... APPEC goes virtual. S&P Global Platts European fuel oil price assessments cover both the high and low sulfur spheres, divided between 3.5% and 1% maximum sulfur, cargo and barge marketplaces.Fuel oil has a number of uses globally, though the largest market for the heavy, residual refined product is bunker fuel, where the material fuels large, sea-going vessels. Typically majors produce reserves on their books over a 20-30 year horizon. 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