Eric Yep
Senior Editor, ASEAN Content 
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September 19, 2019 11:57 UTC 
(0)
Asia has been the last bastion of large oil refinery projects for years, but overcapacity in the near term and the decarbonization of transport fuels further out have raised questions over the need for more large-scale refining projects. China and the Middle East are still adding new capacity that will come online in the next three to four years. But most of these projects were approved when the global economic outlook was still robust, and the roster of new project approvals looks bleak. |
Zane Mcdonald
S&P Global Platts Analytics
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September 18, 2019 14:45 UTC
(1)
Semi trucks are the workhorse of modern road freight. These large, two or three axel on-road trucks are used to haul freight trailers and, on average, each one travels over five times the distance of a typical US driver annually – at one-fifth the miles per gallon efficiency. In 2018, US semi trucks demanded over 2 million b/d in petroleum products – primarily diesel. S&P Global Platts Analytics anticipates this energy need will grow through 2040 on the back of growing population and per capita GDP. Diesel semis have the potential for large efficiency improvements via integration of already mature technologies in aerodynamics, combustion control, and road load control. |
Chinmayee Atre and Eric Yep
S&P Global Platts 
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September 17, 2019 07:08 UTC
(0)
Global LNG procurement trends are undoubtedly shifting toward shorter contracts with smaller volumes and increasingly flexible commercial terms. With many long-term supply contracts set to roll off in the coming years, renewals are likely to be for shorter timeframes. |
S&P Global Platts
News editors
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September 16, 2019 14:27 UTC
(1)
Geopolitical risk and oil markets top this week’s pick of energy and commodities themes from S&P Global Platts editors. Plus, Ukraine’s role in European gas supply, steel scrap prices as a bellwether for economies, and a milestone approaches for US LNG exports. |
Samuel Chin and Pascal Dick
Editors, Metals 
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September 13, 2019 11:09 UTC
(14)
Ferrous scrap prices have crashed over the past five weeks, finally coming more in line with weakened steel prices, which have fallen by a larger magnitude since the middle of 2018. Using CFR Turkey scrap as a gauge, spot prices of HMS I/II 80:20 have fallen $136.5/mt from their peak in March 2018 as of September 12. Over the same period, rebar prices on an FOB Turkey basis have fallen by a larger $172.5/mt, S&P Global Platts data show. |
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Jing Zhang and Oceana Zhou
S&P Global Platts
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September 12, 2019 08:41 UTC
(0)
China’s supply-side reform agenda was launched by President Xi Jinping in late 2015 with a view to stripping out excess capacity that had built up in key industries during China’s emergence as an economic power. Industries targeted in a five-year plan presented in 2016 by the country’s top economic planner, the National Development and Reform Commission, included steel, coal, cement and aluminum. These sectors were deemed to have become too big, too polluting, and in some cases too dependent on export markets. |
Andrew Critchlow
Head of news, EMEA
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September 10, 2019 14:42 UTC
(0)
Saudi Arabia is getting deadly serious about the stock market flotation of state oil giant Aramco, just not in London. Once tipped as a potential host for what could be the world’s largest initial public offering, Brexit chaos and the prospect of Jeremy Corbyn seizing power have significantly diminished the City’s chances of becoming the international home for Aramco’s shares. Missing out would be a blow to prestige, but it could also be a blessing in disguise. |
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Bruno Brunetti and Andre Lambine
S&P Global Platts Analytics 
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September 9, 2019 15:44 UTC
(3)
Dynamics in the Japanese power market have been a major bearish force acting on the global LNG market this year. Weak power demand, increasing renewable generation, notably solar, and higher nuclear output have depressed fossil fuel needs, and LNG in particular, as S&P Global Platts Analytics highlighted in a recent report. Ahead of the Platts Analytics Client Seminar in Singapore, Bruno Brunetti and Andre Lambine explore key aspects of the Japanese power market. |
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S&P Global Platts
News editors
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September 9, 2019 09:21 UTC
(0)
Globalization of natural gas markets, OPEC’s struggle to balance oil supply and price, and platinum coming to the fore as an investment vehicle are all covered in this week’s selection of essential charts from S&P Global Platts editors. |
Jonty Rushforth
Senior director, price group
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September 9, 2019 03:30 UTC
(0)
The International Maritime Organization’s decision to cap the sulfur level of global marine fuels on January 1, 2020 has been the dominant story in the oil markets for the last two years. Among the many questions raised by the imminent 0.5% cap on sulfur in marine fuels, some crude oil market participants are now asking what the implications could be for the Forties de-escalator, the key sulfur value adjustment mechanism that lies at the heart of the North Sea’s Brent crude complex. |
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