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S&P Global Platts Analytics: India’s oil demand expected to slow in Q1 due to omicron, but recovery still likely in H2 * India’s oil demand down 0.8% on year in December, expected to further slow in Q1 * Recovery still likely in H2, driven by a more broad-based pickup in economic activity * India’s oil demand expected to rise 270,000 b/d in 2022, though with downside risks India's December oil product demand was down 39,000 b/d or 0.8% year on year, dragg...
S&P Global Platts Analytics: India’s oil demand expected to slow in Q1 due to omicron, but recovery still likely in H2
India’s oil demand down by 3.8% on the year in November, but expected to pick up in December * India's oil demand is expected to rise by 320,000 b/d in 2022, though with downside risks because of omicron and other potential variants * S&P Global Platts Analytics expects India’s net exports of key products to ease in 2022 India's November oil product demand eased month on month, as fuel consumption tapered after the festival season, with lower trucking activity...
S&P Global Platts Analytics - Omicron variant adds risks but unlikely to derail India's 2022 oil demand recovery
* The new COVID-19 variant omicron has unleashed greater uncertainty for air travel as many Asian countries unfurl new rules and movement checks to stem the spread of the virus, dashing hopes of any sustained near-term recovery in jet fuel demand. * India has likely deferred plans to resume regular international flights from Dec. 15, thwarting hopes of a return to normalcy after a long hiatus. The country suspended flights around March 2020 as the pandemic hit many countries worldwide...
S&P Global Platts Analytics: COVID-19 omicron leaves Asian jet fuel recovery dangling
The US will release 50 million barrels of crude from its Strategic Petroleum Reserve as part of a unified effort with several other major oil-consuming countries to lower high fuel prices. While the White House said China, India, Japan, South Korea and the UK will join the US in releasing strategic oil stocks, so far only India has confirmed it would release 5 million barrels of crude, while the UK said it would allow companies to voluntarily release up to 1.5 million barrels. Crude prices...
S&P Global Platts Analytics: US, India, UK agree to release crude from strategic reserves to battle high prices
NEW YORK/ LONDON — S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, and Xpansiv, the global marketplace for ESG commodities, today announced an agreement to collaborate on the development and distribution of assessed daily closing prices for voluntary carbon market instruments. The agreement on international carbon accounting rules reached at COP26 provides a strong foundation to develop the collaboration...
S&P Global Platts and Xpansiv Partner to Advance Price Transparency in Global Carbon Markets
SINGAPORE/ LONDON/ NEW YORK (Sep 27, 2021) – S&P Global Platts (Platts), the leading independent provider of information, analytics and benchmark prices for the commodities and energy markets, today announced that commencing October 1st , it will launch the first ever daily carbon offset premiums alongside monthly carbon intensity calculations for 14 major crude fields around the world. The marginal carbon intensity (CI) calculations for different oil fields will help producers, inv...
S&P Global Platts Launches Crude Carbon Intensity Calculations And Daily Carbon Offset Premiums
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