Gasoline imports into the US Atlantic Coast have surged to record highs in recent months. Andrea Salazar and Anna Trier of S&P Global Platts look…
Jun 10, 2021
Gasoline imports into the US Atlantic Coast have surged to record highs in recent months.
Andrea Salazar and Anna Trier of S&P Global Platts look at what has been driving the flurry of imports — from the recent Colonial Pipeline cyberattack to a winter storm that impacted the Gulf Coast — and how long that is expected to last.
Venezuelan sanctions and the Maduro regime have been a backburner issue so far for US President Joe Biden. When he was elected, many energy analysts…
Jun 14, 2021
Venezuelan sanctions and the Maduro regime have been a backburner issue so far for US President Joe Biden. When he was elected, many energy analysts predicted he would grant some sanctions relief on humanitarian grounds.
Fernando Ferreira, director of Rapidan Energy Group’s Geopolitical Risk Service, predicts we’ll start to see the White House’s direction on Venezuela later this year. We asked him about the ban on diesel-for-crude swaps, Chevron’s waiver extension, the status of opposition leader Juan Guaido and the future of Venezuela’s oil production.
S&P Global Platts Analytics expects Venezuela to produce around 500,000 b/d from May to September, although a new Chinese consumption tax could put some of those volumes at risk. It sees
Venezuelan output rising to 800,000 b/d by the end of 2022 if the Biden administration eases some sanctions, such as allowing a restart of crude-for-diesel swaps.
“But absent sanctions relief, the Chinese tax change could make a fall to mid-2020 volumes of 300,000 b/d more likely,” said Paul Sheldon, Platts Analytics’ chief geopolitical adviser.
The latest Platts OPEC survey and the Energy Information Administration both estimate Venezuela’s May output at 540,000 b/d
Stick around after the interview for the Market Minute, a look at near-term oil market drivers.
Investors are proving they have climate change and the energy transition on the their minds. Last week, activist investors got at least two seats on…
Jun 01, 2021
Investors are proving they have climate change and the energy transition on the their minds.
Last week, activist investors got at least two seats on the ExxonMobil board of directors, and Chevron’s shareholders approved Scope 3 emission targets, both which could lead to lower oil and gas production ahead.
The popularity of ESG (environmental, social and governance) investments is soaring. But what does it even mean for a company to adopt that label, and how do we weigh one ESG pledge against another?
Jonathan Chanis, managing member of New Tide Asset Management, believes ESG priorities are here to stay. He thinks regulators have a role to play to make sure these ESG labels mean something but he sees potential risks from regulators getting these reforms wrong.
Watch an exclusive interview with Harold Hamm, Executive Chairman, Continental Resources who joined Dave Ernsberger, Global Head of Pricing and Market Insights, S&P Global Platts to discuss benchmarks, the Bakken, and a backlog of wells.WATCH NOW