Oil Markets

Hosted by S&P Global Commodity Insights

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541

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Oct 2026

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About the show

S&P Global Energy analysis of key oil price movements across the globe.

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October 15, 202611 min

Russian diesel returns: Relief for tight European market?

The resumption of Russian diesel exports could bring some relief to a constrained European market, but uncertainty remains high. This episode unpacks how the lifting of Russia's diesel export ban and the return of supply could reshape market balances. Join S&P Global Energy's Gary Clark, associate director, price reporting, and reporters Sophia Aung and Elza Turner as they dissect what is keeping European diesel tight and why prices remain particularly sensitive to geopolitical and other market-moving headlines.

October 13, 202627 min

Bonus episode: India's upstream reforms aim to unlock the next phase of deepwater exploration

India is entering a pivotal phase in the development of its upstream oil and gas sector, with the government seeking to unlock the potential of deepwater and ultra-deepwater resources amid rising energy demand. Recent reforms have focused on improving access to acreage, strengthening fiscal and contractual terms, streamlining regulations, and reducing the risks associated with frontier exploration, while the Samudra Manthan initiative aims to expand subsurface data and introduce new cost-sharing measures for exploratory drilling. In this bonus episode of the Platts Oil Markets podcast, Asia Energy Editor Sambit Mohanty examines India's evolving upstream landscape with India's Secretary of the Ministry of Petroleum and Natural Gas, Neeraj Mittal and Atul Arya , chief energy strategist at S&P Global Energy. The discussion throws light on what the reforms mean for international investors and operators, and the practical steps needed to accelerate the path from exploration and discovery to production.

October 8, 202617 min

Atlantic Basin Rising: Venezuela, Brazil and the New Oil Growth Story

Latin America is becoming a critical engine of global oil supply growth. In this episode of the Platts Oil Markets Podcast, Jeff Mower is joined by Washington-based policy editor Kate Winston and Mexico editor Sheky Espejo to examine Venezuela's reopening to international energy companies, Brazil's record production and exploration push, and why the region is attracting renewed investment. As concerns persist over Middle East crude supplies and key shipping routes, the team explores how new barrels from the Atlantic Basin could reshape global oil markets.

October 1, 202618 min

Middle East supply concerns strengthen market for Russian oil

Prices for Russian crude strengthened in September, amid lower domestic production and Middle East supply concerns while Russia's refining sector continues to face major challenges as a result of Ukrainian attacks. Russia has extended its diesel export ban and the US is considering introducing similar restrictions, driving prices higher and raising the risk of diesel deficits in the coming months. Recent comments from Russian and US officials have underlined the importance of diesel in negotiations between Russia, the US and Ukraine aimed at securing an energy ceasefire ahead of the winter season. In this episode of the Platts Oil Markets podcast by S&P Global Energy, OPEC+ lead reporter Rosemary Griffin discusses the impact of refinery attacks, sanctions and a possible energy ceasefire on the Russian and global oil markets with senior price reporter Jan Kedzior, associate director, near-term oil markets Rebeka Foley, and senior reporter Elza Turner.

September 24, 202624 min

Asia eyes energy supply flexibility, shipping alternatives

Asia's energy markets are navigating a period defined by heightened geopolitical risk, vulnerable maritime chokepoints, shifting trade flows, and growing uncertainty over supply security. With APPEC 2026 concluding earlier in September, discussions at the event highlighted how refiners, traders, shipowners, and policymakers are reassessing sourcing strategies, inventories, freight exposure, compliance requirements, and the role of trusted price benchmarks. In this episode of Platts Oil Markets Podcast, Asia Energy Editor Sambit Mohanty discusses some of the key takeaways from APPEC with Bao Ying Ng , global director for strategic engagements at S&P Global Energy, Benjamin Tang , head of liquid bulk at S&P Global Commodities at Sea, and Jonathan Nonis , associate editorial director for Asian oil products.

September 17, 202613 min

Geopolitics rattle European distillate markets, send prices soaring

Distillate prices are rising as escalating tensions in the Middle East and Russia inject fresh uncertainty into global energy markets. Join S&P Global Energy's Gary Clark, associate director, price reporting, alongside reporters Sophia Aung and Aruni Sunil, as they examine how geopolitical risks, supply disruptions, and a tightening physical market are underpinning a bullish outlook for distillates. They also explore the impact of constrained supply, low inventories, and shifting trade flows on consumers, and assess whether relief is on the horizon.

September 14, 202623 min

Global diesel shortages squeeze the Americas

Diesel markets are entering their most stressful stretch of the year as record prices, thin inventories and disrupted supply flows collide across the Americas. In this episode of the Oil Markets Podcast, Jeff Mower speaks with Janet McGurty , Kauanna Navarro and Carlos Castillo about how constraints in Russia and the Middle East have pushed US Gulf Coast refiners into the role of global swing supplier, why Brazil is relying more heavily on US and Indian cargoes, and how limited refinery spare capacity leaves markets with little room for error.

September 3, 202613 min

Naphtha's post-Hormuz reality: tight supply, wide arbs and a bullish gasoline pull

Middle East export disruptions, soaring gasoline demand and shifting trade flows have reshaped global naphtha markets over the past six months. Join Gary Clark , associate director, price reporting, and Barbara Fernandez-Pita , senior price reporter, as they break down what prompted the multiyear highs in gasoline blending demand for naphtha, the widening East-West arbitrage, propane's growing advantage over naphtha at the steam crackers and the Rhine logistics issues disrupting Europe's petrochemical sector.

August 27, 202626 min

APPEC to focus on Asia's energy resilience, vulnerability in a fragmented market

Energy markets are once again being tested by geopolitics. With fragile shipping routes and shifting trade patterns, energy security has returned to the top of the agenda. As the industry prepares for APPEC 2026, hosted by S&P Global Energy, the focus is no longer just on market access but on securing reliable, long-term energy supplies. Asia remains the center of gravity for global energy demand, yet the region's priorities are evolving. The industry's biggest questions are: Where will reliable energy come from? How will trade flows shift? And how can the region balance growth with decarbonization? In this episode of the Platts Oil Markets Podcast, Asia energy editor Sambit Mohanty is joined by Vera Blei , head of Platts; Debangsu Ray , cluster president and head of Reliance's Jamnagar refinery; and Calvin Lee , head of Asia content. They discuss the key themes that will be in focus at the conference, scheduled to take place in Singapore from Sept. 7–10.

August 20, 202614 min

Regional bottlenecks and strong product margins boost European gasoline prices

As summer driving reaches its seasonal peak, European gasoline production faces challenging chokepoints amid broader macro trends reshaping supply and demand fundamentals. In this episode, S&P Global Energy's Emma Kettley is joined by Friedrich Gutsche and Rebeka Foley to discuss how restrictive domestic flows have weighed on gasoline blending economics, adding pressure on the regional supply balance, amid historically low Rhine water levels. Tune in to find out how these trends will play out ahead of the market's transition from summer to winter, and uncover how global dynamics are shaping regional consumer demand.