News Headlines

S Korean GS Caltex's 2011 bunker sales rise 5% to 273,000 mt/month

Tokyo, February 7, 2012, 630 am EST/1130 GMT

South Korean refiner GS Caltex sold 273,000 mt/month of bunker fuel in 2011, up 5% from 260,000 mt/month in 2010, following an expansion in refining capacity, a company source said Tuesday.

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Blogs

The Barrel: The Eagle Ford is pumping out oil and gas on Cadillac finances

If there is one thing this season of earnings conference calls is proving, it's how much the upstream industry likes a good rate of return on a productive play.

The Barrel: Obama's energy plans in the SOTU sound awful familiar

In his much-hyped State of the Union address, President Obama gave a rhetorical bearhug to US energy development, even stealing a line from Republicans and pronouncing the need for an "all-out, all-of-the-above strategy" on increasing energy production.

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News Features

Iranian Oil Sanctions: Iran moves to speed up bill banning oil exports to EU

February 7, 2012

Members of the Iranian parliament are moving to accelerate a bill that would halt oil exports to the European Union ahead of an EU ban on oil imports from Iran that comes into force on July 1, and which would also ban imports of goods from the EU, Iranian news agencies reported February 7.

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Podcasts

European naphtha marks unusually strong entry into 2012
February 3, 2012 - Discussing the European naphtha market, focusing on its rising strength on supply shortages going into 2012.

US gasoline, heating oil prices prone to rally as refining capacity shrinks
February 1, 2012 - As refinery capacity has shrunk recently in the US and in Europe, NYMEX RBOB and heating oil futures prices have risen, outpacing crude prices.

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Commodity Pulse Videos

2011: a momentous year for oil

December 7, 2011 (13:01 mins)

With Dated Brent crude oil at an historic average high, Platts editors analyze the key geopolitical and structural factors that have sustained such a high price.

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Industry Solution Papers Library

Dated Brent: The Pricing Benchmark for Asia-Pacific Sweet Crude Oil

The Dated Brent benchmark has taken on an increasingly significant role in the determination of oil prices in the entire Asia-Pacific region. This paper examines and explains the reasons for this ongoing and accelerating trend. (published May 2011).

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The Platts Top 250 recognizes outstanding financial performance for the previous year. Each company listed in the Platts Top 250 has distinguished itself through its remarkable performance and the outstanding efforts and dedication of its team.

Market Issues

Platts Market Issues are a series of occasional discussion papers examining price-discovery issues.

Energy Bulletin

A daily email compiling a regional round-up of the top, most recent Platts news, in-depth features, information on Platts events, products and a summary of what's new on platts.com.