Oil markets news & analysis

Feature: OPEC Guide

December 07, 2017
OPEC oil output in November dived to 32.35 million b/d, its lowest in six months led by declines in eight of the 14 member countries, an S&P Global Platts survey of OPEC and oil industry officials and analysts showed December 7.
Angola, Saudi, Iraq drag OPEC Nov oil output to six-month low: Platts survey
Also in this feature
OPEC crude oil output and production vs. cut allocations
OPEC crude oil output and production vs. cut allocations
Since 1988, S&P Global Platts has published a monthly survey tracking OPEC crude oil production by country. The estimates are obtained through a review of proprietary shipping data, news reportage and surveys of knowledgeable sources.

News Headlines

London (Platts)--12 Dec 2017 809 am EST/1309 GMT
Brent crude futures hit a two-year high of over $65/b Tuesday as oil markets continued to react to news that the UK's 600,000 b/d Forties oil pipeline will likely remain shut in for a "number of weeks" in order to repair a crack.
Singapore (Platts)--11 Dec 2017 1056 pm EST/356 GMT
Stellar gains posted by several Asian currencies have come to the rescue of various crude oil buyers in the Far East, with South Korean and Thai end-users especially enjoying the benefits of their domestic currency strength as the won and baht appreciation helps to offset the global oil price rise.
More Headlines


December 11, 2017
Capitol Crude gets a crash course in geology to understand the potential for Permian Basin operators to use recycled water when drilling wells.
December 04, 2017
Capitol Crude talks with Sheikh Mohammed bin Khalifa al-Khalifa, Bahrain’s oil minister, who sees a major crude supply crunch looming in the global market as investments dry up and US shale is likely to decline soon.
November 27, 2017
Is peak oil demand a myth? Capitol Crude goes to Georgetown University to debate how electric vehicles, technology, policy and petrochemicals (and more) will influence whether demand for crude oil will peak around 2030.
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The Barrel Blog

December 07, 2017
2020: a term that implies clarity of vision. A recent Platts conference certainly featured numerous speakers seeming to claim 20/20 vision on 2020. Yet by the end of the event Andreas Hilides found my own vision to be distinctly blurry.
December 06, 2017
For the first time since Donald Trump was inaugurated president, more of the benchmark commodity prices tracked by S&P Global Platts since he took office are now slightly higher than when President Obama left.
December 05, 2017
US oil pipeline companies were calling their lawyers in Washington last week after regulators said a practice that has apparently become commonplace in the industry violates federal law.
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Asia Pacific and Middle East Refined Oil Products methodology

Published March 2016

The Asia Pacific and Middle East Refined Oil Products Guide contains the primary specifications and methodologies for Platts Asia Products assessments.

Asia Pacific and Middle East Refined Oil Products methodology

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