LIVE Feed

@PlattsOil: In this week's #PlattsMM Americas, presented by Nicole Baquerizo: • Cold weather, high demand pressure #gas #storage • Raging #power #demand set to decline late in week • #Container premiums fall ahead of LNY, Olympics • Bullish #coal, political tensions boost US #petcoke

/ COMMODITIES

Interactive: Seaborne trade in Russian oil under G7 price cap

Russia, one of the world’s largest oil suppliers, has increasingly turned to non-Western firms

/ COMMODITIES

Hero Image

 

Hero Image

 

Hero Image

 

Poll

What do you believe will be the biggest challenge for the shipping industry in complying with stricter emissions regulations?

Unfortunately we encounter an issue. Please try again

Shipping

Insights
Red Sea crisis forces carriers and shippers to rethink strategies as cost of operation rises

Red sea crisis has forced carriers and shippers alike to adjust strategies. Container freight rates not only reached yearly high after receding throughout 2023 but carriers also seized a profit making opportunity they were looking for after the post pandemic lull. The change in this dynamic has forced shippers to again look for alternatives in the hopes of making their supply chain more agile.SP Global Commodity Insights containers editor Tanya Kalra speaks with Chris Rogers, Head of Supply Chain and Research, SP Global Market Intelligence, Greg Knowler, Senior Editor, Journal of Commerce and Mohammed Al Ansare, Associate Editor, EMEA Containers, SP Global Commodity Insights about the changing dynamics in the containers market and how carriers and shippers are navigating through them. Related: Platts Container Rate 1 North Asia-North ContinentFeature: Hapag Lloyd, Maersk's Gemini Corp. to shake up maritime alliances in 2025Delivery of new vessels offsets container market disruption from longer transitsSupply Chain Edge: Beyond AI, refrigerator reflation, limited Red Sea scopeRotterdam volume decline a buffer against any Red Sea container surge: CEOMore listening options:

Taking the long way around: Ships divert from the Panama Canal

Freight costs are rising globally due to tightened logistics at key chokepoints like the Panama Canal and Red Sea. Recent transit restrictions at the Panama Canal sparked by drought have pushed shipowners to opt for longer voyages, resulting in tighter supply, increased costs and delayed deliveries. Follow along in the report to see the impacts of these shifts and the decisions ship operators must make when facing weeks-long delays or war-torn regions. LAUNCH REPORT

LIVE Trending

Your gateway to LIVE experiences, expert insights, and interactive engagement, revolutionizing your newsletter experience.

A North Sea tale: Diving into UK oil and the Dated Brent benchmark

Once a global powerhouse of crude production, the UK’s North Sea region saw its oil output decline accelerate to 12% in 2023, according to official data from the UK’s Department of Energy Security and Net Zero. The new figures come as the UAE’s Taqa revealed to SP Global Commodity Insights that it plans to cease production at the Cormorant oil fields in 2024, a key component of Brent grade.In this episode of the Platts Oil Markets podcast: Joel Hanley is joined by Nick Coleman, Senior Editor for Oil News, and Sam Angell, Senior Editor covering the North Sea crude market, to discuss the outlook for North Sea oil production and the latest developments surrounding the global oil benchmark Platts Dated Brent.Mentioned in the podcast: Infographic: Dated Brent February update  Continue viewing the infographics by subscribing to the SP Global Platts Connect. Email ci.support@spglobal.com to learn more and subscribe.More listening options:

Red Sea turmoil has so far spared oil supplies, but buyers have reasons to worry

New crude on the block: OPEC+ reckons with non-OPEC growth

Led by the Americas, supply growth from non-OPEC countries fully met the growth in global oil demand in 2023. This balance, along with wars in the Middle East and Ukraine, U.S. elections in November, and changing shipping patterns weigh on the minds of oil strategists in 2024. Aaron Brady and Ha Nguyen join EnergyCents with hosts Hill Vaden and Sam Humphreys to share their thoughts on the biggest events that will shape oil markets in 2024.Learn more about SP Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/enMore listening options:

Interactive: Global oil flow tracker

Will US confront Iran? Analyst says it must to stop Houthi attacks on major oil shipping route

Threats to the flow of crude supplies have worsened in recent weeks with oil and petroleum products tankers among targets struck by Yemen's Iran-backed Houthi rebels.Foreign policy and international energy specialist Brenda Shaffer, a professor at the US Naval Postgraduate School, joined the podcast to discuss not only the latest developments in the Red Sea but how we got here. She spoke about the Houthi rebels’ origins, their impact on global oil supplies and prices, and the US posture towards their sponsor – Iran.Stick around for Starr Spencer with the Market Minute, a look at near-term oil market drivers.This podcast was produced by Jasmin Melvin and Kate Winston in Washington.Learn more about our guest speaker: Brenda Shaffer (@ProfBShaffer)Related coverage: US, UK sanction four top Houthi military officials involved in attacks on Red Sea shipping Conflict with Houthis likely to get worse before it gets better, experts say DOE eyes SPR purchases into summer driving season but door also appears open for drawdowns

Interactive: Middle East diesel exports to Europe

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: March 14, 2024)

Load all
Get the Most from LIVE

Discover

Insights

When the competition is fast, you need to be faster. We're giving you access to the latest cross-commodity insight, ET intelligence and market-leading views, so you can stay on the pulse.

Discover

Assemble

Impact starts with inspiration. We're opening the door to live and on-demand virtual events and webinars so you can be part of the energy and commodities conversation, wherever you are in the world.

Discover

Community

Industry-respected experts delivering fundamental training on topics ranging from market fundamentals to the impacts of the energy transition on NGL's

Discover

Markets

For members only, stay updated with exclusive price assessments daily commentary, heards and price charts for a curated selection of commodities. Plus, we're the home for S&P Global Commodity Insights Indices.