Posts tagged ‘markets’

Herman Wang
Senior writer, oil news

London’s last chance to win $2 trillion Aramco prize

March 9, 2018 13:00 UTC

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Crown Prince Mohammed’s visit gives UK Prime Minister Theresa May a final opportunity to have London Stock Exchange chosen as venue for huge sale.

London is running out of time to win a share of the greatest prize in oil.

Saudi Arabia must decide soon where to list its crown jewel state oil company Aramco, if it’s to meet the schedule for an initial public offering (IPO) in 2018. The London Stock Exchange (LSE) is a front-runner to play host to the world’s largest single producer of crude but faces stiff competition from New York and Hong Kong.

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crude, markets, Middle East, non-OPEC, OPEC, Russia, Saudi Arabia, Saudi Aramco, US

Joseph Innace
Platts metals content director, Americas

Energy commodity prices start to pick up late in Trump’s first year: Of Presidents and Prices

December 6, 2017 05:01 UTC

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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. Until November, most prices had struggled to see their averages match — or surpass — the levels on the last day Obama held the office.

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agriculture, aluminum, coal, crude, crude oil, dated Brent, ethanol, fuel oil, gas, gasoline, gold, iron ore, jet fuel, markets, metals, natural gas, Obama, Of Presidents and Prices, oil, prices, steel, Trump, US

John-Laurent Tronche
Managing editor, Americas crude oil

High days and holidays for US crude flows

November 30, 2017 05:01 UTC

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The floodgates have opened. The game has changed. The possibilities are endless. This is the worst — absolutely.

Choose any of those expressions or phrases to explain some aspect of the global oil market — a market featuring US exports, OPEC cuts, an improving world economy, yet declining oil demand long-term.

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crude, crude oil, exports, imports, LOOP, LOOP Sour, markets, oil, oil markets, prices, US, US Gulf Coast, USGC

Joseph Innace
Platts metals content director, Americas

With Trump’s commodity gestation period done, most prices still soft: Of Presidents and Prices

November 8, 2017 05:01 UTC

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It has been a little more than nine months since President Donald Trump took office, and although most hard commodity prices are lower than the day he was sworn in, there are signs of life.

For the first time since July 2, 2015, the price of Dated Brent — driven by strong demand — topped $60/b in late October, pushing its running average during the Trump presidency to $52.28/b. That’s still below the price of Dated Brent the day before Trump took the oath of office — $53.31/b on January 19 — and almost 38% below the $83.63/b average during Barack Obama’s two terms.

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Charles Noh
Senior pricing specialist

Making the case for carbon pricing in New York

November 3, 2017 05:01 UTC

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New York’s State Energy Plan, self-proclaimed to include some of the nation’s most ambitious 2030 clean energy targets, has perhaps by necessity intensified the discussion of carbon prices in the wholesale power markets, possibly redefining their traditional role.

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carbon, carbon emissions, carbon tax, electric power, electricity, electricity grid, market, markets, NYISO, power, power generation, Regional Greenhouse Gas Initiative, RGGI, US

Joseph Innace
Platts metals content director, Americas

Most commodity prices in Trump era weaker — so far — than during Obama’s: Of Presidents and Prices

October 4, 2017 05:01 UTC

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Ten of the 11 average commodity prices tracked by S&P Global Platts since President Donald Trump took office remain weaker than their averages during President Obama’s two terms.

Although fundamentals and a range of other factors influence commodity prices, the group of 11 is being monitored by Platts and compared for Trump’s term versus Obama’s. And since Trump took the oath of office on January 20, the monthly price performance of 11 commodities remains well below the average prices during Obama’s tenure — down by an average of 20.6%.

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Herman Wang
Senior writer, oil news

Middle East oil producers shrug off the threat from US exports in Asian market

October 3, 2017 10:00 UTC

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With Asia the demand battleground in the oil market, last week’s S&P Global Platts APPEC conference in Singapore provided an opportunity for producers to put their best foot forward before an audience of refiners and traders increasingly spoilt for supply choice.

Representatives from the region’s traditional major suppliers in the Middle East, to a man, emphasized how key the Asian market is to their long-term strategies.

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Asia, crude, crude oil, exports, imports, markets, Middle East, oil, OPEC, production, trade, trade flow, US

Wes Swift
Associate editor for Americas agriculture

Tariffs could come back to haunt US biodiesel industry

October 2, 2017 17:34 UTC

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The US biodiesel industry just can’t seem to catch a break. Already plagued by poor blending economics – despite recent improvements brought on by rising ULSD costs – that have stymied the market, the industry now faces a possible drop in demand thanks to the feds.

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Argentina, biodiesel, biofuel, biofuels, blending, economics, EPA, imports, Indonesia, markets, Policy, prices, regulation, regulations, RINs, tax, US

Joseph Innace
Platts metals content director, Americas

Some commodity prices gained slightly in August but still weaker than January: Of Presidents and Prices

September 8, 2017 05:01 UTC

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Hard commodities saw some slight price gains in August over July, but the average prices for eight of the 11 S&P Global Platts benchmarks tracked since US President Donald Trump took office in January remain weaker than President Barack Obama’s last full day in office.

The monthly prices for oil, jet fuel, natural gas, coal, iron ore, steel and aluminum are down an average of about 5% since Trump became president (January 20) through August 31, 2017.

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Eleni Pittalis
Commodities associate

Amazon vs Maersk: The clash of titans shaking the container industry

August 18, 2017 05:01 UTC

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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. While online trading platforms are under development, the traditionalism of the industry prevails with various parties involved in each voyage, typically communicating via trade managers.

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Amazon, container market, container shipping, costs, freight, Maersk, markets, prices, shippers, shipping, Transportation

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