The OPEC+ production cuts continue to impact both crude oil and refined products. Dated Brent has reached a 10-month high. Prices in the diesel market are also rising amid supply constraints. Meanwhile, the latest report from the IEA has warned investors of strong demand in Q4.
In this episode of the Platts Oil Markets podcast, London-based oil news reporter Robert Perkins and oil price reporters Sam Angell and Sasha Foss join Francesco Di Salvo to discuss the current bullish sentiment supporting prices as market participants react to the latest developments in the oil markets.
Price assessments discussed:
PCAAS00 - Dated Brent
AJSVB00 - Johan Sverdrup FOB North Sea vs North Sea Dtd Strip
AAVBG00 - ULSD 10ppmS CIF NWE Cargo
More listening options:
Join Saugata Saha, President, S & P Global Commodity Insights as he shares the opening remarks at APPEC 2023 as part of our The Inside Track series.
The Inside Track series was recently at Asia’s largest oil and energy conference in Singapore from September 4-6. If you would like to see more episodes like this one, please do click here to view the whole event coverage including in-depth conversations with prominent expert speakers, summaries live from the stage and meet our partners!
Against the backdrop of Europe’s Carbon Border Adjustment Mechanism and a self-imposed deadline for a US Global Arrangement on Sustainable Steel and Aluminum, American steelmakers are stepping up investments in clean energy and working to ensure efforts to produce lower-emissions steel are recognized on the global stage. So how will policymakers view their initiatives, and will end-users be willing to pay more for material with a reduced-CO2 profile?
S&P Global Commodity Insights' Christopher Davis, regional pricing director for metals in the Americas, talks with head of Americas metals news Justine Coyne and low-carbon electricity analyst Danylo Babkov about these topics and more.
Related prices:
Platts European HR Carbon-Accounted Steel Premium Eur/mt (EHRSA00)
Platts Northwest Europe HRC Carbon-Accounted Steel Price Eur/mt (EHRSC00)
Platts Ni-Co black mass DDP US $/mt (NBNED00)
Related podcasts:
How is Europe’s steel industry rising to the challenge of energy transition
Decarbonization efforts in India: how ready is the steel industry?
How will the EU's Carbon Border Adjustment Mechanism affect global trade and carbon pricing?