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$90/b oil makes producers and refiners sanguine in Q3

$90/b oil makes producers and refiners sanguine in Q3

FromOil Markets


$90/b oil makes producers and refiners sanguine in Q3

FromOil Markets

ratings:
Length:
17 minutes
Released:
Sep 28, 2023
Format:
Podcast episode

Description

As crude prices have recently inched up past the $90/b level, they are on pace to end the third quarter nearly 35% higher than they started, fundamentally altering the landscape for both upstream and downstream players. Drillers and producers are ramping up output as they look to capitalize on high prices, while refiners are more cautious as they expect tight supply, low inventory and rising demand through year-end. S&P Global Commodity Insights' oil futures editor Chris van Moessner chats with upstream editor Starr Spencer and senior refinery writer Janet McGurty about the industry is adapting to the new price environment and how that could impact Q3 results.    Join us on our new comprehensive platform, Platts Connect
Released:
Sep 28, 2023
Format:
Podcast episode

Titles in the series (100)

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