Oil Markets

Benchmark jet fuel assessments by Platts have reached all-time highs on the back of war in the Middle East. With vital middle distillate supplies locked in the Persian Gulf owing to the effective closure of the Strait of Hormuz, the knock-on impact for both physical and financial refined products markets in Europe has been unprecedented.

In this episode of the Platts Oil Markets podcast, Gary Clark, Associate Director for EMEA Clean Refined Products, is joined by frontline reporters Aruni Sunil and Patrick McAllister to discuss the latest dynamics in the European jet fuel market.

After US and Israeli strikes on Iran and the closure of the Strait of Hormuz, oil markets have been on a rollercoaster. While crude has rallied above $100/b, refined fuels have surged even more sharply.
In this episode of the Oil Markets Podcast, host Jeff Mower, Director of Americas Oil News, is joined by Senior Refining Editor Janet McGurty and Senior Refined Products Price Reporters Ben Peyton and Laura Huchzermeyer to break down what's driving the spike in diesel,  jet fuel, and gasoline prices.
Is California heading toward a fuel shortage as refinery closures and global disruptions collide? How vulnerable is the West Coast fuel market, and why is it often described as an "energy island"? Could high diesel, jet, and gasoline prices start hitting the broader economy?

US and Israeli strikes on Iran since Feb. 28 have led to a major regional conflict, which has rocked geopolitics and resonated across the global oil supply chain. Vessel transits across the vital Strait of Hormuz have been stunted, while physical and financial oil markets have seen a major uptick in volatility. In this episode of the Platts Oil Markets podcast, Herman Wang is joined by Lauren Holtmeier, Ada Taib, and Gary Clark to discuss the latest developments on the ground from the Middle East, in addition to the wider knock-on impacts for crude oil markets in Asia and refined products dynamics in Europe.
Related content:
FACTBOX: Oil prices surge as energy facilities hit in Middle East war
Hormuz oil traffic still at standstill despite US insurance pledge (Subscriber content)
 
Oil derivatives price action climbs amid ongoing Middle East conflict (Subscriber content)
US Navy to begin escorting oil tankers through Strait of Hormuz: Trump (Subscriber content)
PCAAS00 – Dated Brent (Subscriber content)
PCAAT00 – Dubai Mo01 (Subscriber content)
PJAAU00 - Jet CIF NWE Cargo (Subscriber content)
AAEBS00 - Brent-Dubai at London MOC EFS Mo01 (Subscriber content)
DEFSM02 - Brent Dubai at Singapore MOC Mo01 (Subscriber content)
AAVBG00 - ULSD 10ppmS CIF NWE Cargo (Subscriber content)

The outlook for Russian and Venezuelan crude flows, as well as geopolitical developments in Iran, are keeping Asian refiners on edge. Indian refineries have valued heavy Venezuelan crudes in their mix in the past, but will be looking out for signals of stable oil flows from the country. Meanwhile, the country's imports of Russian crude have decreased as sanctions have intensified.
In this episode of Platts Oil Markets Podcast, Sambit Mohanty, Asia Energy Editor, Benjamin Tang, head of liquid bulk at S&P Global Commodities at Sea, and Pulkit Agarwal, Head of Content for India, discuss these market developments and more.

Geopolitics and its impact on pricing and trade flows were the talk of the town as oil market participants convened in the cobbled streets of London across Feb. 9-13 for International Energy Week, one of the most important events in the industry's calendar.
Following a blockbuster 2026 edition, S&P Global Energy's John Morley, global director of crude and fuel oil markets, sits down with Associate Directors Emma Kettley and Gary Clark to discuss the key takeaways from the week covering the full breadth of the oil complex with crude, fuel oil and refined product dynamics in view.