Oil Markets

Mild weather keeps European heating fuel markets weak


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Natural gas supply disruptions into Europe saw both LPG and gasoil heating fuels used as substitutes in 2022 with concern over preparations for winter amid a low stocks environment. However, a mild winter thus far has kept heating fuel markets weak, limiting switching between different fuels.

In this episode of the Platts Oil Markets Podcast, S&P Global Commodity Insights editors Aly Blakeway, Patrick McAllister and Maxim Kotenev discuss with Gary Clark supply, demand and prices for European gasoil, LPG and kerosene for heating markets amid a mild winter, and ahead of sanctions on Russian oil product exports into the European Union from February 5.

Price assessments on Platts Dimensions Pro:

  • Platts Propane CIF NWE Large Cargo: #PMABA00
  • Platts Gasoil 0.1%S CIF NWE Cargo: #AAYWS00
  • Platts Jet CIF NWE Cargo: #PJAAU00
...more
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Oil MarketsBy S&P Global Commodity Insights

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