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Market Spotlight

Latest Platts News


  • US jet fuel inventory falls as USAC stocks reach 19-year low: EIA

    Total US jet fuel stocks fell 1.23 million barrels in the week ended March 27 on the back of a massive draw on Atlantic Coast inventories not seen since 1996, according to data released Wednesday by the Energy Information Administration.

  • Yukos spokeswoman confirms settlement with Rosneft, all litigation to cease

    Russia's state-controlled oil giant Rosneft has settled all legal disputes with subsidiary companies of the now defunct Russian oil producer Yukos, with all parties agreeing not to enter such disputes in the future, Rosneft said Wednesday.

  • Nigerian election result lifts veil of uncertainty: oil officials

    * Idled oil projects could be revived * Militant groups welcome Buhari election * Reduced fear of violence in oil-rich Delta The reaction Wednesday from the Nigerian oil industry to the election of former military ruler Muhammadu Buhari has been overwhelmingly positive, with some officials predicting that some suspended oil projects could be revived and even the once-feared militant group MEND, or the Movement for the Emancipation of the Niger Delta, welcoming the result.

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