Platts proposes to update Sunflower Oil Black Sea basis location from Nov. 16
Published . Updated .
This report is about oil and tanker shipping.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+8.2% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+7.4% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF+64.8% 18d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story.
- FRO Frontline+4.7% 30d
Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “oil” (tanker shipping) in this story.
- DHT DHT Holdings
DHT Holdings (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “oil” (tanker shipping) in this story.
- XOM ExxonMobil Holdings+11.0% 11d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+9.9% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- INSW International Seaways+0.8% 6d
International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “oil” (tanker shipping) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | -1.53% | +0.69% | base | +1.72% | +6.10% | +3.22% | after close |
| XLE | -2.35% | -0.51% | base | -0.84% | +1.70% | +1.45% | after close |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| FRONo price data for this ticker | — | — | — | — | — | — | — |
| DHTNo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -1.88% | +0.08% | base | +0.06% | +2.88% | +2.59% | after close |
| CVX | -3.26% | -1.00% | base | -0.08% | +2.91% | +2.22% | after close |
| INSWNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Platts proposes to update Sunflower Oil Black Sea basis location from Nov. 16 S&P Global
Source: S&P Global
Black Sea
| Company | When | Move | Status |
|---|---|---|---|
| CVX | that day | -0.08% | final price |
| CVX | the next day | +2.91% | final price |
| CVX | two days later | +2.22% | still updating |
| CVX | three days earlier | -1.00% | final price |
| CVX | five days earlier | -3.26% | final price |
| USO | that day | +1.72% | final price |
| USO | the next day | +6.10% | final price |
| USO | two days later | +3.22% | still updating |
| USO | three days earlier | +0.69% | final price |
| USO | five days earlier | -1.53% | final price |
| XLE | that day | -0.84% | final price |
| XLE | the next day | +1.70% | final price |
| XLE | two days later | +1.45% | still updating |
| XLE | three days earlier | -0.51% | final price |
| XLE | five days earlier | -2.35% | final price |
| XOM | that day | +0.06% | final price |
| XOM | the next day | +2.88% | final price |
| XOM | two days later | +2.59% | still updating |
| XOM | three days earlier | +0.08% | final price |
| XOM | five days earlier | -1.88% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 52 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought ExxonMobil Holdings (XOM), worth $250,001 - $500,000 on 31 Jul 2026. That is 83 days before publication. Filed 22 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 24 Jul 2026. That is 90 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 29 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 50 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Chevron (CVX), worth $15,001 - $50,000 on 26 Aug 2026. That is 57 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
How busy Black Sea has been lately
Geopolitics Alpha has 10 stories about Black Sea from the past 7 days and 40 stories from the past 30. That is about its usual pace over the past month. “Platts proposes to update Sunflower Oil Black Sea basis location from Nov. 16” is tagged to Black Sea.
How solid the energy case looks
12 out of 100Price not final
“Platts proposes to update Sunflower Oil Black Sea basis location from Nov. 16” scores 12 out of 100. The score uses 1 sources. The price is not final yet.