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Latest Platts Stories

2014-05-19 08:22:35

On a Year-Over-Year Basis, June LNG Prices Declined 1.7% SINGAPORE, May 19, 2014 /PRNewswire/ -- Prices of liquefied natural gas (LNG) for June delivery to Asia fell 8.0% to an average $14.316 per million British thermal units (/MMBtu), according to the just-released Platts Japan/Korea Marker (JKM) for month-ahead delivery. The decline followed unseasonably warm temperatures across much of northeast Asia which weighed on demand. The data reflects the daily Platts JKM for June...

2014-05-16 08:22:27

PATTAYA, Thailand, May 16, 2014 /PRNewswire/ -- Prices in the $3-trillion-plus global petrochemicals market fell another 1% in April to $1,363 per metric ton (/mt), down just $8/mt from March, according to the monthly Platts Global Petrochemical Index (PGPI), released today on the sidelines of the Asia Petrochemical Industry Conference in Pattaya, Thailand. The PGPI is a benchmark basket of seven widely used petrochemicals and is published by Platts, a leading global energy,...

2014-05-12 16:23:47

NEW YORK, May 12, 2014 /PRNewswire/ -- Platts' physical market price assessments for global crude oil and petroleum products have been selected as the basis for clearing 12 new futures contracts launched today by the IntercontinentalExchange (ICE), a global operator of derivatives markets and clearing houses. Platts is a leading global energy, petrochemicals and metals information provider and a top publisher of global benchmark price references. "We're pleased that the futures...

2014-05-12 12:23:57

Up 160,000 Barrels Per Day from March, Led by Iraq, Angola and Saudi Arabia LONDON, May 12, 2014 /PRNewswire/ -- Platts - Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totaled 29.72 million barrels per day (b/ds) in April, up 160,000 b/d from March, led by increases in Iraq, Angola and Saudi Arabia, according to the latest Platts survey of OPEC and oil industry officials and analysts. "There are a few striking numbers when you look at the...

2014-05-09 16:21:46

April 2014 Continues Record-Breaking Production Trend Seen in March DENVER, May 9, 2014 /PRNewswire/ -- The month of April 2014 is now the most prolific natural gas producing month in U.S. history, according to the latest estimates from Bentek Energy, an oil and natural gas analytics and forecasting unit of Platts. Production for the lower 48 U.S. states last month averaged 67.3 billion cubic feet per day (Bcf/d), about 0.5 Bcf/d higher than March 2014 production levels of 66.8...

2014-05-06 08:24:05

U.K., European Natural Gas Price Drop Accelerated on Early Storage Fills LONDON, May 6, 2014 /PRNewswire/ -- Day-ahead electricity prices in continental Europe fell for the fourth consecutive month in April to the lowest monthly average since June, 2013, according to data just released by Platts, a leading global energy, petrochemicals and metals information provider. Meanwhile the decline in European and U.K. natural gas prices accelerated in April, down 11% and 12% respectively...

2014-05-02 12:23:14

May 1 Magic-Themed Event Raises More Than 124,000 pounds Sterling in Support of Sick Children LONDON, May 2, 2014 /PRNewswire/ -- London's energy, financial and trading communities turned on the magic when they convened May 1 for the annual Platts-sponsored Energy Dinner, which raises funds for WellChild, the U.K. national organization for sick children and one of patron Prince Harry's six favorite charities. Patrons donated approximately £124,000* in support of WellChild at the 11(th)...

2014-05-01 08:24:37

Monthly Index Totaled 50.34, down 21.80 Points From April's Reading of 72.14 BEIJING, May 1, 2014 /PRNewswire/ -- The health of China's steel sector appears to be leveling off and likely to see less support from demand growth in May, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which showed a reading of 50.34 out of a possible 100. This is down 21.80 points from the April level of 72.14, but is above 50, which is the pivot point for indications of...

2014-04-25 12:22:59

Demand Contracts in First Quarter of 2014 SINGAPORE, April 25, 2014 /PRNewswire/ -- China's apparent oil demand* in March rose 0.5% year over year to 41.55 million metric tons (mt) or an average 9.83 million barrels per day (b/d), a just-released Platts analysis of Chinese government data showed. The growth in apparent oil demand last month is significantly less than in previous years, when it averaged 1.9% in March 2013 and 4.2% in March 2012. China's refinery crude throughput...

2014-04-23 20:21:01

New price marker to reflect expanding crude-by-rail market for Bakken HOUSTON, April 23, 2014 /PRNewswire/ -- Platts today announced it has expanded its North American shale crude oil offering to include an assessment of value nearest the Bakken crude wellhead in the Williston Basin. The new price assessment captures the value of Bakken crude oil from the Bakken shale formation at the point where there is transportation flexibility- either by rail or pipeline. On April 23, 2014,...


Word of the Day
tessitura
  • The prevailing range of a vocal or instrumental part, within which most of the tones lie.
This word is Italian in origin and comes from the Latin 'textura,' web, structure.