Insight Blog - SP Global Platts

Time 2020-09-20 03:03:32

Web Name: Insight Blog - SP Global Platts

WebSite: http://blogs.platts.com

ID:52829

Keywords:

Blog,Insight,SP,

Description:

Greg Newman, CEO of London-based proprietary trading house Onyx Capital Group, caught up with S P Global Platts head of news for EMEA, Andy Critchlow, and global head of generating fuels Simon Thorne to discuss what the future holds for the financialization of energy markets.Prop trading houses have largely replaced the role previously held by banks as market makers on the Platts eWindow communication tool for assessing the tradable value of commodities. Greg Newman is one of the founding partners of Onyx Trading, which started operating in 2016 as an oil derivatives trade house. In this interview with Platts on August 5, Newman shared views on driving factors for oil price in the coming months and the role of different types of trader in the market. Continue Reading Brent, futures, investment, MOC, oil, trading Global oil demand is set to suffer its largest slump in history this year due to COVID-19. Asia will also see a sharp downturn as oil demand in both China and India, the twin engines of growth in the region, has been slashed following the coronavirus outbreak.The pandemic triggered a collapse in passenger transportation-related oil demand due to the enforcement of lockdowns, starting with China in late January and February and extending to the rest of the world in March and April, as countries around the world tried to mitigate the virus spread. Continue Reading China may have given oil markets false hope. A rapidly rebounding economy in the Asian powerhouse had initially revived demand, but bloated inventories and stockpiling by domestic refineries have exposed the fragility of prices.A look at Chinese ports tells the full story. Shandong – home to a host of independent refineries – is completely congested. The volume of crude stored on tankers idled in Chinese waters near the port city for more than a week has quintupled from normal levels. Continue Reading China, coronavirus, India, oil, oil price, refining The US presidential election in November presents a stark contrast for the next four years of US oil policy that could shape supply and demand dynamics domestically and abroad.President Donald Trump is expected to continue a deregulatory push to expand federal areas to drilling, ease permitting for pipelines and export projects, remain a vocal player in supply negotiations among OPEC+ producers, and keep a tight hold on sanctions against Iran and Venezuela. Continue Reading Donald Trump, energy policy, Joe Biden, oil, oil policy, upstream, US election 2020 Stay up to date with the latest commodity posts. Sign up to our commodities Email Bulletin. SIGN UP

TAGS:Blog Insight SP 

<<< Thank you for your visit >>>

Energy and commodities coverage from S&P Global Platts' global news, pricing and analytics teams.

Hot Websites