The shipping sector faces a massive challenge in decarbonizing to meet global climate goals. To accelerate those efforts, leaders at the COP26 climate change conference in Glasgow last year agreed to develop at least six green shipping corridors by 2...
May 02 2022
The shipping sector faces a massive challenge in decarbonizing to meet global climate goals. To accelerate those efforts, leaders at the COP26 climate change conference in Glasgow last year agreed to develop at least six green shipping corridors by 2025 and many more by 2030. The Biden administration has fully supported the plan and is urging private industry to also get on board. One of the more significant corridors to emerge is between the Port of Los Angeles, the busiest container port in the Western Hemisphere, and the Port of Shanghai, the world's largest port. Christopher Cannon, chief sustainability officer at the Port of Los Angeles , spoke with senior editor Meghan Gordon about how plans for the Los Angeles-Shanghai green shipping corridor are shaping up. They discussed the role fuel producers will play and which alternative fuels look most promising. Cannon also gives an update on efforts to ease West Coast port congestion and predicts another possible port backup when Chinese cities emerge from pandemic lockdowns. Stick around after the interview for Jordan Blum with the Market Minute looking at how workforce issues in the rail sector could affect shipments of oil feedstocks, ethanol, coal, grain and other commodities. This podcast was produced by Meghan Gordon in Washington and Jennifer Pedrick in Houston. Related content: Maritime sector eyes carbon price on bunker fuels as possible decarbonization solution CONTAINER QUARTERLY: Shippers look to USEC gateways amid USWC congestion, uncertainty Saudi Aramco still in engineering phase for ministry-ordered crude capacity expansion Enduring waves of climate change: Maritime decarbonization, a tempest before the calm More listening options: No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor's Financial Services LLC or its affiliates (collectively, S&P).
The global fuel oil supply chain has in the recent past been impacted by tight product availability due to the war in Ukraine and the subsequent restrictions on Russian oil purchases. The Asian fuel oil market, which accounts for roughly half of the ...
Apr 28 2022
The global fuel oil supply chain has in the recent past been impacted by tight product availability due to the war in Ukraine and the subsequent restrictions on Russian oil purchases. The Asian fuel oil market, which accounts for roughly half of the global marine fuel demand, has been severely stretched too. One of the most significant incidents of fuel contamination in recent history at the world's largest bunkering hub Singapore has only exacerbated the tight supply situation. Not surprisingly then, Asian fuel oil market participants have been closely monitoring the evolving demand-supply dynamic in China, a major producer-supplier of marine fuel. They are tracking not only the impact from oil demand loss, but also, how it may potentially sway the government's decision on the timing and quantum of the second round of fuel oil export quotas. In this podcast, S&P Global Commodity Insights' Rajesh Nair , Atsuko Kawasaki and Zhuwei Wang discuss the various scenarios that are likely to play out and its impact on the Asian fuel oil market. Related Infographic: Markets brace for oil, gas demand destruction as China pursues zero-COVID policy More listening options: No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor's Financial Services LLC or its affiliates (collectively, S&P).
With 2022's volatile gas prices causing uncertainty across the energy markets, the case for LNG as a marine fuel has been shaken. LNG has previously been called the frontrunner in the race for alternative marine fuels – is that still the case? Editor...
Apr 26 2022
With 2022's volatile gas prices causing uncertainty across the energy markets, the case for LNG as a marine fuel has been shaken. LNG has previously been called the frontrunner in the race for alternative marine fuels – is that still the case? Editors Sam Eckett and Piers de Wilde are joined by analyst Anastasia Zania to look at the current state of the market, and the future outlook for LNG bunkers. Tell us more about your podcast preferences so we can keep improving our shows. Take our two-minute survey here: https://bit.ly/plattspod22 More listening options: No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor's Financial Services LLC or its affiliates (collectively, S&P).
The energy sector has found itself in the crosshairs of what’s been called a rare and dangerous state-sponsored malware threat capable of disruption, sabotage, and potentially physical destruction of energy assets, with LNG and electric facilities be...
Apr 25 2022
The energy sector has found itself in the crosshairs of what’s been called a rare and dangerous state-sponsored malware threat capable of disruption, sabotage, and potentially physical destruction of energy assets, with LNG and electric facilities believed to be the initial target. Meanwhile, a collaboration between oil and gas companies and the R&D arm of the Department of Homeland Security, called The Linking the Oil and Gas Industry to Improve Cybersecurity program, is working to bolster the level of cybersecurity in critical systems of interest to the oil and natural gas sector. The program is behind a recent study that takes a look at how a software bill of materials, or SBOM, can be used to manage cybersecurity risks to industrial control systems software from third-party components introduced as part of vendor solutions. Schneider Electric Vice President and Deputy Product Security Officer Cassie Crossley joined the podcast to discuss the risks vendors introduce to oil and gas operators, the cyber defenses available to the sector and how SBOM development and use could aid the oil and gas industry. Senior editor Jasmin Melvin also asked her about the new malware threat to the energy sector and Schneider Electric’s efforts to thwart it. Stick around after the interview for Starr Spencer with the Market Minute, a look at near-term oil market drivers. This podcast was produced by Jasmin Melvin in Washington and Jennifer Pedrick in Houston. Related content: Energy sector in crosshairs of 'rare, dangerous' state-sponsored malware threat Attorney flags potential security risk in SEC cyber incident disclosure proposal Feature: US energy companies on high alert, ready to defend grid, pipelines from Russian cyberthreats More listening options: No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor's Financial Services LLC or its affiliates (collectively, S&P).
What exactly defines the origin of an oil product? How is self-sanctioning affecting Russian diesel and gasoil exports? And how is Russian-origin diesel being treated in the spot market? In this episode of the Oil Markets Podcast, Richard Swann, S&P ...
Apr 21 2022
What exactly defines the origin of an oil product? How is self-sanctioning affecting Russian diesel and gasoil exports? And how is Russian-origin diesel being treated in the spot market? In this episode of the Oil Markets Podcast, Richard Swann, S&P Global Commodity Insights’ Director for clean refined products, discusses with Francesco Di Salvo, Associate Editorial Director for European refined products, the question of origin of diesel imported into Europe and the different approaches taken by oil majors and trading companies to handle Russian-origin oil products. Tell us more about your podcast preferences so we can keep improving our shows. Take our two-minute survey here: https://bit.ly/plattspod22 More listening options: No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor's Financial Services LLC or its affiliates (collectively, S&P).
US states are ramping up their decarbonization goals in legislation, and corporations are committing to powering their operations with renewables. Enter Renewable Energy Certificates. What role do RECs play in the energy transition , and do they brin...
Apr 20 2022
US states are ramping up their decarbonization goals in legislation, and corporations are committing to powering their operations with renewables. Enter Renewable Energy Certificates. What role do RECs play in the energy transition , and do they bring more clarity or challenges to the race to decarbonize? Global power manager Amy Gasca leads the discussion with power pricing analyst Nicole Baquerizo and senior manager of North American power analytics Morris Greenberg. This Commodities Focus podcast was produced by Jennifer Pedrick in Houston. More listening options: No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor's Financial Services LLC or its affiliates (collectively, S&P).
Asia’s LNG market has been disrupted by the war in Ukraine at a time when supply was already tight because of outages, low inventories and a rebound in economic activity as COVID-19 receded. Global gas prices continue to flirt with record high levels...
Apr 19 2022
Asia’s LNG market has been disrupted by the war in Ukraine at a time when supply was already tight because of outages, low inventories and a rebound in economic activity as COVID-19 receded. Global gas prices continue to flirt with record high levels with every escalation in the Russia-Ukraine conflict. The unwinding from Russian gas supply threatens to further disrupt spot trade and long-term gas dependence for Asian gas importers in 2022. In this podcast, S&P Global Commodity Insights’ Eric Yep , Kenneth Foo and Jeffrey Moore talk about the way ahead for Asia’s LNG market. More listening options: No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor's Financial Services LLC or its affiliates (collectively, S&P).
In the ever-evolving crude market, the dearth of crude from Iran, Venezuela and, most recently, Russia, has led Asian refiners to buy up tight supplies of heavy Latin grades as a replacement. Buying interest for these grades from Mexico, Colombia and...
Apr 14 2022
In the ever-evolving crude market, the dearth of crude from Iran, Venezuela and, most recently, Russia, has led Asian refiners to buy up tight supplies of heavy Latin grades as a replacement. Buying interest for these grades from Mexico, Colombia and Ecuador has been reported in recent months, but availability is limited and a surge in supply from the US could send the market spinning yet again. Americas crude manager Laura Huchzermeyer leads the discussion with Maria Eugenia Garcia, senior editor for Latin American crude, Pankaj Rao, editor for Asian and Middle East crude markets, and Dania el Saadi, senior editor of Middle East News. This Oil Markets podcast was produced by Jennifer Pedrick in Houston. More listening options: No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor's Financial Services LLC or its affiliates (collectively, S&P).
The global fuel oil market is in turmoil on account of a lower amount of Russian oil flowing into the marine fuel oil pool and a fair share of blending components being used to produce higher-margin transportation fuels. Tightening sanctions on Russi...
Apr 14 2022
The global fuel oil market is in turmoil on account of a lower amount of Russian oil flowing into the marine fuel oil pool and a fair share of blending components being used to produce higher-margin transportation fuels. Tightening sanctions on Russian oil has seen newer trade flows emerge. As Asian markets gear up for peak summer demand, trade flows are poised to undergo further changes. The recent fuel contamination issue at Singapore has further exacerbated product availability concerns. In this podcast, S&P Global Commodity Insights' Rajesh Nair , Atsuko Kawasaki and Zhuwei Wang talk about the outlook for the Asian fuel oil market. More listening options: No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor's Financial Services LLC or its affiliates (collectively, S&P).
Center-South Brazil's crop officially started on April 1, and although more than 70% of the expected sugar exports are already hedged, there is still flexibility for the allocation of the sugarcane mix to switch between sugar and ethanol. The final m...
Apr 13 2022
Center-South Brazil's crop officially started on April 1, and although more than 70% of the expected sugar exports are already hedged, there is still flexibility for the allocation of the sugarcane mix to switch between sugar and ethanol. The final mix will largely depend on the relative prices of sugar and ethanol, which are exposed to several factors such as international oil prices, the Brazilian real, weather, fuel demand, and fuel pricing policy. Nicolle Monteiro de Castro, senior price specialist for agriculture, and Luciana Torrezan Soncin, global manager of sugar analytics, discuss the key variables impacting the 2022-23 Center-South Brazil sugarcane crop, and how the local and global geopolitical factors can potentially impact the ultimate sugar and ethanol production figures. This Commodities Focus podcast was produced by Jennifer Pedrick in Houston. More listening options: View Full Transcript Center-South Brazil's crop officially started on April 1, and although more than 70% of the expected sugar exports are already hedged, there is still flexibility for the allocation of the sugarcane mix to switch between sugar and ethanol. The final mix will largely depend on the relative prices of sugar and ethanol, which are exposed to several factors such as international oil prices, the Brazilian real, weather, fuel demand, and fuel pricing policy. Nicolle Monteiro de Castro, senior price specialist for agriculture, and Luciana Torrezan Soncin, global manager of sugar analytics, discuss the key variables impacting the 2022-23 Center-South Brazil sugarcane crop, and how the local and global geopolitical factors can potentially impact the ultimate sugar and ethanol production figures. This Commodities Focus podcast was produced by Jennifer Pedrick in Houston. More listening options: No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor's Financial Services LLC or its affiliates (collectively, S&P).
Global demand for lithium and other materials used in electric vehicle batteries, consumer electronics and myriad other applications is rapidly increasing. And as demand for those commodities grows, so do prices. An orderly energy transition from fos...
Apr 12 2022
Global demand for lithium and other materials used in electric vehicle batteries, consumer electronics and myriad other applications is rapidly increasing. And as demand for those commodities grows, so do prices. An orderly energy transition from fossil fuels to cleaner energy resources will require a steadily rising supply of critical metals to keep pace with demand and keep prices at affordable levels. S&P Global Commodity Insights writers Jared Anderson and Nick Lazzaro speak with EnergyX CEO Teague Egan about the tech company’s plans to increase lithium supplies with an innovative extraction technology that could also be used to increase lithium-ion battery performance. They also sit down with S&P Global low carbon transportation analyst David Capati to discuss supply, demand and pricing dynamics unfolding within these metals markets. This Future Energy podcast was produced by Jennifer Pedrick in Houston. More listening options: No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor's Financial Services LLC or its affiliates (collectively, S&P).
In this episode of the Oil Markets Podcast, S&P Global Commodity Insights editors Paul Hickin, Emma Kettley, and Sam Angell discuss with Joel Hanley the possible return of balance in the oil markets. The fear factor of the Ukrainian war has created h...
Apr 07 2022
In this episode of the Oil Markets Podcast, S&P Global Commodity Insights editors Paul Hickin, Emma Kettley, and Sam Angell discuss with Joel Hanley the possible return of balance in the oil markets. The fear factor of the Ukrainian war has created high prices and volatility, but are they waning now that renewed supply is entering the market? Tell us more about your podcast preferences so we can keep improving our shows. Take our two-minute survey here: https://bit.ly/plattspod22 More listening options: No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor's Financial Services LLC or its affiliates (collectively, S&P).
Asia’s carbon markets are on a trajectory of rapid growth as demand for carbon offsets rises and regional governments work towards net-zero commitments. While turmoil in global energy markets has temporarily shifted attention to energy security, comm...
Apr 06 2022
Asia’s carbon markets are on a trajectory of rapid growth as demand for carbon offsets rises and regional governments work towards net-zero commitments. While turmoil in global energy markets has temporarily shifted attention to energy security, commodity trading hubs like Singapore are pushing ahead with plans to become a carbon trading powerhouse. Eric Yep and Roman Kramarchuk of S&P Global Commodity Insights discuss with Mikkel Larsen , CEO of Climate Impact X, a Singapore-based carbon exchange, on what lies ahead for Asia's carbon markets. More listening options: No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor's Financial Services LLC or its affiliates (collectively, S&P).
The global natural gas market is exhibiting record volatility, with prices at unprecedented levels as Russia’s invasion of Ukraine casts a cloud of uncertainty over the future of Europe’s supply mix. LNG has however emerged as a key source of flexibi...
Apr 05 2022
The global natural gas market is exhibiting record volatility, with prices at unprecedented levels as Russia’s invasion of Ukraine casts a cloud of uncertainty over the future of Europe’s supply mix. LNG has however emerged as a key source of flexibility for the European market, with active competition with Asia for volumes leading to record deliveries in the first quarter of 2022. In the latest Commodities Focus podcast, pricing manager Allen Reed and analyst Luke Cottell discuss Europe's new role in the global LNG markets, emerging regasification capacity constraints on the continent, as well as the challenges of relying on LNG to diversify away from Russian pipeline gas in the years ahead. Tell us more about your podcast preferences so we can keep improving our shows. Take our two-minute survey here: https://bit.ly/plattspod22 More listening options: No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor's Financial Services LLC or its affiliates (collectively, S&P).
As global oil markets continue to react in real time to the ongoing conflict in Europe, downstream sectors and interconnected industries are also beginning to see marked impacts on trade flows, fundamentals and most notably spot pricing. Long a key r...
Mar 24 2022
As global oil markets continue to react in real time to the ongoing conflict in Europe, downstream sectors and interconnected industries are also beginning to see marked impacts on trade flows, fundamentals and most notably spot pricing. Long a key refining and import/export hub for the Western Hemisphere, the US Gulf Coast has seen swift reactions from logistics operations and energy majors as the region deals with a lack of Russian imports amid sanctions. Americas shipping manager Barbara Troner and dirty products manager Patrick Burns speak with clean tanker editor Eugenia Romero and US bunkers editor Phillipe Craig to break down how spot pricing for freight rates and marine fuels has reacted, and what those key segments can expect going forward. More listening options: No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor's Financial Services LLC or its affiliates (collectively, S&P).