Oil Markets

Following the swathe of protectionist tariff measures announced by US President Donald Trump April 2nd, the crude oil complex was sent into a frenzy, with market outlook rapidly souring. But interesting patterns in both the paper and physical markets have been materializing.

In this episode of the Oil Markets podcast,Joey Dalyleads an in-depth discussion with market expertsDavid NeefandJoseph Jaffeto discuss the reaction of both the paper and physical markets in the middle distillates and fuel oil segments. While the crude oil market's negative reaction has captured immediate attention, what can these other segments reveal about the deeper impact of tariff conflicts?

“O Petróleo é Nosso,” or “The Oil is Ours,” was a popular slogan central to the founding of Brazil’s state-owned oil company, Petrobras, in 1953. The slogan can also be interpreted more broadly, as Brazil’s refined products markets have opened to more participants, leading to a surge in spot market activity and price transparency. As a result, Platts has launched new price assessments for Brazilian gasoline and diesel. How did those spot markets evolve? Why is the Northeast so reliant on imports? How are renewable fuels playing out in gasoline and diesel?

Jeff Mower discusses these topics and more with Renato Rostas, manager of the Platts Brazil refined products team, and Brazil gasoline and diesel price reporters Isabela Rocha and Kauanna Navarro.

Links:
Gasoline FCA Suape BRL/CBM GASCA00
Gasoline FCA Itaqui BRL/CBM GASCC00
ULSD S10 FCA Paulinia BRL/CBM ULFCI00
ULSD S10 FCA Araucaria BRL/CBM ULFCK00

With the May 1st deadline for Mediterranean Emissions Control Area fast approaching, marine fuel suppliers and shipowners are bracing for impact. In this episode of the Oil Markets podcast, Rowan Staden-Coats is joined by Jan Kedzior and Tommy Petrou to discuss the different fuel options vessels have to comply with the upcoming sulfur emission regulations. What opportunity does this pose for compliant fuels like DMA marine gasoil and 0.1% ULSFO, and how will the demand for conventional fuel oil grades be impacted?

Related stories:

VLSFO cracks tumble to multi-month lows amid Med ECA zone shakeup

Mediterranean Hi-5 spreads narrow to near four-month lows on thin VLSFO demand

Tight supply pushes high-sulfur gasoil above ULSD in NWE

European 0.1%S gasoil tightens on Med demand, limited prompt NWE supply

Assessments:

0.1% CIF Med gasoil - AAVJJ00

CIF Mediterranean Marine Fuel 0.5% Cargo - MFCMM00

FO 3.5%S CIF Med Cargo - PUAAY00

Russia's temporary halt on attacks on Ukraine's energy infrastructure has raised hopes of the two countries eventually moving towards a peace deal, followed by the potential lifting of sanctions. This has also prompted a debate on whether any normalization of Russian oil flows could lead to an immediate reduction in flows from Russia to Asia—mainly India and China. O oil diplomacy will be at play and Russia will do all it can to ensure that it keeps its two top buyers on its side to ensure rock-steady outlets for its oil in the future?

In this episode of Platts Oil Markets Podcast, Asia energy editor Sambit Mohanty discusses with Shrikant Madhav Vaidya, former chairman of Indian Oil Corp., and Kang Wu, head of global macro and oil demand research at S&P Global Commodity Insights some of the key market developments that could influence oil trade flows to Asia.

The Mediterranean gasoil market is undergoing significant changes as new Emission Control Zones come into effect, drastically altering sulfur limits for marine fuels. In this episode of the Oil Markets podcast, our experts explore the evolving role of gasoil, an important middle distillate that is often overshadowed by diesel and jet fuel.

Host Joel Hanley is joined by Virginie Malicier, manager of middle distillate pricing, and Jan Kedzior, gasoil price reporter, to discuss the impact of reduced Russian supply, the growing importance of North African countries in the market, and the competitive dynamics between gasoil and diesel.

Links:
0.1% CIF Med gasoil - AAVJJ00
FOB West Africa 50ppm diesel/gasoil - AWFRA00
ULSD 10ppm CIF Med - AAWYZ00
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