Oil is going through a period of uneasy calm. The higher-than-expected rise in OPEC+ production quotas for August, combined with a ceasefire between Israel and Iran, has provided oil markets some breathing space and introduced a bearish sentiment to prices, but new EU sanctions on Russia and the possibility of additional secondary sanctions by Washington could alter the price and trade flow scenarios.

In this episode of Platts Oil Markets Podcast, Asia Energy Editor Sambit Mohanty discusses with Rahul Kapoor, vice president and head of oil shipping analytics at S&P Global Commodity Insights, and Dan Colover, head of oil and chemicals market engagement, on the implications of some of these developments on Asia.

With the UK at risk of losing its second oil refinery in less than six months, Europe's refining sector is showing growing signs of strain. In this episode of the Platts Oil Markets podcast, Gary Clark is joined by reporters Elza Turner and Kelly Norways to unpack why healthy margins are failing to prevent closures in a year that has already seen the most shutdowns since the coronavirus pandemic.

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UK faces surge in imports amid new refinery closure risk (Subscriber content)

UK's Lindsey refinery resumes fuel deliveries as government battles local shortages (Subscriber content)

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With European middle-distillate markets remaining well-supplied amid turbulence in the Middle East, the prospect of new legislation regarding the origin of European product imports provides fuel for thought for market participants. To discuss the latest developments in the middle-distillate markets, Gary Clark is joined by Virginie Malicier and Nadia Bliznikova with a sharp focus on diesel and jet fuel dynamics in the EMEA region.

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Oil prices rallied following Israeli attacks on Iranian nuclear and military targets, but just as quickly reversed after the US bombed three of Iran's nuclear enrichment facilities. War premiums were mostly erased after US President Donald Trump said Israel and Iran agreed to a ceasefire.

Jeff Mower, director of Americas oil news, speaks about the price swings, US crude production growth, global shipping rates, and nuclear deal hopes with oil futures editor Chris van Moessner, policy editor Kate Winston and head of Americas freight markets Kristen Hays.

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US strikes may have dimmed the chance for an Iran nuclear deal, oil sanctions relief: experts (subscriber content)

A sudden ramp-up in tensions as Israel and Iran exchange blows has proved impactful for oil markets in the EMEA region. In this episode of the Platts Oil Markets podcast, Gary Clark is joined by front-line reporters Joey Daly, Jan Kedzior and Dias Kazym to discuss how the volatility in the Middle East is shaping the European markets in crude oil, middle-distillates and light ends.

Energy Asia will be held from June 16-18, 2025, in Kuala Lumpur, Malaysia. The role of national oil companies in securing a net-zero future, the challenges in navigating energy security, the scope for fossil fuels growth, as well as the pressure Asian companies are facing to pursue sustainable growth will be some of the key themes that will be in focus.

In this episode of Platts Oil Markets Podcast, Asia Energy Editor Sambit Mohanty discusses with Vartika Shukla, chairman and managing director at Engineers India Ltd, Atul Arya, chief energy strategist at S&P Global Commodity Insights, and Nick Sharma, executive director for upstream solutions, the challenges and opportunities ahead as new governments and policymakers bring about sweeping changes to energy, climate and trade policies at a time when geopolitical competition is creating a more difficult global environment and complicating energy markets.

The Memorial Day weekend in the US is often considered the kickoff to the summer driving season, a period of heightened gasoline demand where families take vacations and refiners profit on healthier margins. But how is the European supply and demand balance coping with changes in the global refining picture, as some European refineries shut down while production ramps up in Africa and further afield?

Senior crude specialist Joey Daly speaks with European gasoline and WAF products specialist Matthew Tracey-Cook to discuss the current market dynamics in the Atlantic Basin and how they are affecting the European gasoline market.

The Refining Scenario Manager (RSM) allows for scenario modeling of any refinery globally, to optimize trading and operational decision-making.

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Gasoline exports to West Africa fall to 2-month low amid well supplied market (subscriber content)