As the European ultra-low sulfur diesel complex rallies on concerns around Eastern resupply unable to pass through the Red Sea, gasoil – its high-sulfur counterpart – is under unusual pressure. In this episode of the Platts Oil Markets podcast, editors Natasha Tan and Nadia Bliznikova discuss recent trends with Francesco Di Salvo.Further reading: Med ULSD-gasoil spread at 14-month high on tight diesel, weak gasoil (subscribers)Related price assessments: AAVJJ00 - Gasoil .1%S (1000ppm) CIF Med Cargo (NextGen MOC) AAUQC00 - Gasoil .005%S (50ppm) FOB ARA Barge (NextGen MOC) AAWYZ00 - ULSD 10ppmS CIF Med CargoMore listening options:
At completion, Nigeria’s Dangote Petroleum Refinery will process 650,000 barrels per day and be the largest single-train facility in the world. The much-delayed refinery began accepting test deliveries recently as it moves closer to commercialization. Dan Evans joins EnergyCents with hosts Hill Vaden and Sam Humphreys to discuss the uniqueness of the massive Dangote project, and consider the post-commercialization implications for the Atlantic Basin and downstream markets more broadly.Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/enMore listening options:
Listen now as Felipe PerezHead of Latin America Fuels and Refining Research &StrategyS&P Global Commodity Insights sheds light on the key topics of alternative energy sources, energy security, integration towards energy transition and more from the Caribbean Energy Conference 2024.
The EU has led the global movement towards decarbonization of the aviation sector by introducing SAF mandates to the region. The US has followed suit with the introduction of the Inflation Reduction Act in late 2022, which comprised policies to empower SAF production. Where does Asia stand in the shift towards SAF and will it take flight in the region? Join Ethan Ng, Executive Director of Oil, Midstream and Downstream Advisory APAC, as he discusses the key challenges and factors driving Asia’s SAF demand. To do a detailed market study, reach out to us at firstname.lastname@example.org.
There's just over a year to go until the EU introduces its sustainable aviation fuel mandate. S&P Global Commodity Insights' Seb Lewis, associate director for biofeedstocks and biofuels consulting, speaks with Stephen Li, associate director for biofuels research and analysis, and Simone Burgin, associate editor for biofuels pricing. The team discusses the current state of the SAF market and HEFA fuels, developments in advanced biofuels and PtL pathways, feedstocks, and the current state and future paths of SAF pricing. Related prices:Sustainable Aviation Fuel CIF ARA Premium $/mt (AJNWF00UCO (RED) FOB ARA $/mt (AUCOA00
Asia so far, has not witnessed any dramatic changes to near-term oil supplies amid the ongoing Red Sea crisis, but refiners are chalking out alternative plans to ensure steady feedstock flows in the event of an escalation — a move that could inflate insurance costs and crimp refining margins.There has been a strategic push among Asia's top importers to massively diversify their import baskets over the years, as well as expand strategic storage capacities. The market is trying to find answers on whether these developments can come in handy to ensure smooth and uninterrupted supplies of feedstocks. Or are there enough reasons for Asian oil buyers to worry about supplies?In a wide-ranging discussion with Asia Energy Editor Sambit Mohanty, S&P Global Commodity Insights’ Rahul Kapoor, Vice President for Shipping Research and Analytics, and Sameer Mohindru, Senior Editor for Asian Freight Markets, share their views on how some of the recent geopolitical developments could potentially affect Asian oil flows, tanker freight and shipping costs.More listening options:
Changes in Middle East diesel flows to Europe as Russian products off-limitsThe Middle East is considered ripe to supply Europe with needed refined products such as diesel to replace Russian products placed under embargo by the EU on Feb. 5 in the wake of Russia’s invasion of Ukraine. The region has several new refineries able to help meet the demand, including Kuwait’s 615,000 b/d Al-Zour refinery and Oman’s 230,000 b/d Duqm plant. Related story: Middle East diesel exports to Europe slump on refinery disruptions, US supplies(Latest update: November 21, 2023)