In this list
Natural Gas | Oil

Market Movers Europe, Oct. 31-Nov. 4: Oil market faces looming shortfalls; Ukraine grain export deal at risk

Commodities | Agriculture | Electric Power | Electricity | Energy | Coal | Nuclear | Energy Transition | Emissions | Carbon | Hydrogen | Renewables | Natural Gas | Oil | Crude Oil | Refined Products | Metals | Petrochemicals | Shipping

COP27: Advancing Climate Objectives Amidst Conflict

Energy | LNG | Natural Gas | NGL

Platts LP Gaswire

Oil | Natural Gas | LNG | Carbon | Emissions | Energy Transition | Electric Power | Coal | Energy | Electricity | Biofuels | Commodities


Petrochemicals | Metals | Energy | Energy Transition | Oil | Steel Raw Materials | Emissions | Polymers | Hydrogen | Renewables | Steel | Aromatics | Crude Oil | Carbon | Non-Ferrous

Oil demand from petchems to stay robust in any energy-transition scenario: Aramco

Energy | Energy Transition | Emissions | Carbon | Oil | Crude Oil | Refined Products | Metals | Steel

Slow economic growth pressures China to rebalance carbon reduction ambitions

For full access to real-time updates, breaking news, analysis, pricing and data visualization subscribe today.

Subscribe Now

Watch: Market Movers Europe, Oct. 31-Nov. 4: Oil market faces looming shortfalls; Ukraine grain export deal at risk

  • Featuring
  • Emma Slawinski
  • Commodity
  • Natural Gas Oil
  • Length
  • 2:02
  • Topic
  • COP27 Europe Energy Price Crisis OPEC+ Oil Output Cuts War in Ukraine
In this week's Market Movers Europe with Emma Slawinski:
  • Oil market faces looming supply shortfall
  • Russia withdraws from Black Sea Grain deal
  • EU weighs gas price control proposals
  • Voluntary Carbon Markets await COP27 signals
View Full Transcript

The oil market is grappling with looming supply shortfalls, with more Russian oil curbs and OPEC+ output cuts kicking in soon and issues hitting production elsewhere.

Offsetting these are the gloomy economic outlook and ongoing US strategic stocks releases, with recent data suggesting a US export surge is helping ease some of the tightness.

We'll get fresh perspectives at the ADIPEC conference starting Monday in Abu Dhabi. OPEC ministers and CEOs of global energy and trading companies will top the speaker lineup.

In shipping and agriculture, grain exports from Ukrainian ports face uncertainty after Russia suspended its participation in a deal to enable shipments on Oct. 29.

Ukrainian grain exports rose sharply after the UN-backed deal was reached in July, but were recently hit by congestion and delays.

A halt in exports would likely tighten global grain supply given Ukraine and Russia's role as major suppliers, together representing over 25% of the world's wheat exports.

EU energy member states will be digesting the latest proposals for gas price controls. The EC has floated various ideas including a TTF "corridor", a new benchmark, and an Iberian-style cap on the price of gas in power generation. The gas sector is opposed to all three, and will be lobbying hard against what it sees as damaging intervention.

Activity in voluntary carbon markets has been low ahead of the 27th United Nations Climate Change Conference, which starts Nov. 6.

Both buyers and intermediaries are on the sidelines, waiting for clarity on topics like Articles 6.2 and 6.4 of the Paris Agreement, which relate to international trading of certificates and the creation of a global carbon market.

In addition, the energy crisis in Europe has driven corporates to delay their purchases of carbon credits, leading to a sharp fall in demand.