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Oil

Moscow (Platts)--21 Nov 2014 841 am EST/1341 GMT
Russia is discussing possible measures to cut oil production to support falling oil prices and believes the situation may require "coordinated action" by major oil producers, energy minister Alexander Novak said Friday.
Singapore (Platts)--21 Nov 2014 141 am EST/641 GMT
State-owned Bahrain Petroleum Co has fixed its 2015 gasoil term contract with buyers at a $1.45/barrel premium to Mean of Platts Arab Gulf Gasoil assessments, which is $1.05/b or 42% lower than this year's premium.
New York (Platts)--20 Nov 2014 338 pm EST/2038 GMT
Total US petroleum deliveries, a measure of demand, fell 0.2% in October year on year to average 19.3 million b/d, the American Petroleum Institute said Thursday.
Washington (Platts)--20 Nov 2014 127 pm EST/1827 GMT
North Dakota oil and gas operators claim that pending state rules to condition Bakken crude oil before it is shipped by rail could cost them tens of millions of dollars, imperil pipeline and gas gathering infrastructure and create a jurisdictional clash with federal regulators.
Tehran (Platts)--20 Nov 2014 847 am EST/1347 GMT
Iran's oil exports will double within two months if sanctions are lifted as a result of crucial nuclear talks between Tehran and six world powers reaching a comprehensive agreement, oil minister Bijan Zanganeh said Wednesday.
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Natural Gas

Kiev (Platts)--21 Nov 2014 845 am EST/1345 GMT
Ukraine's transit of natural gas from Russia to Europe fell by 3.5 billion cubic meters in October to 3.87 billion cu m, down 47.5% from 7.37 Bcm in October 2013, an energy and coal industry ministry official said Friday.
Singapore (Platts)--21 Nov 2014 741 am EST/1241 GMT
Buyers in Northeast Asia could be leaving more room in their LNG procurement for spot and short term purchases in the first quarter of 2015 as they take advantage of a weak winter spot market and await the effect of declines in crude oil markets to filter into long term oil-linked LNG contracts, numerous sources said Thursday.
Knoxville, Tennessee (Platts)--20 Nov 2014 415 pm EST/2115 GMT
The NYMEX December natural gas futures contract rose 11.8 cents to a $4.489/MMBtu settlement Thursday as the market reacted to continued cold weather and the first storage withdrawal of the season, which also came in slightly above expectations.
London (Platts)--20 Nov 2014 806 am EST/1306 GMT
Dutch and German gas prices were higher Thursday, in line with strong NBP contracts as markets react to an unplanned outage at Norway's giant Troll field.
Seoul (Platts)--20 Nov 2014 443 am EST/943 GMT
South Korea's state-owned Korea Gas Corporation will buy fewer spot LNG cargoes for the foreseeable future in response to shrinking domestic demand, a senior executive told Platts Wednesday, November 19.
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Electric Power

London (Platts)--21 Nov 2014 851 am EST/1351 GMT
Prompt power contracts for Monday delivery rose sharply on Friday, regaining the previous day's losses, on forecasts for falling wind and nuclear generation, and below-average temperatures next week.
Washington (Platts)--20 Nov 2014 346 pm EST/2046 GMT
The US Federal Energy Regulatory Commission on Thursday issued its first order finding that a power plant should have additional time to comply with a major environmental rule limiting air emissions in order to ensure reliability in a particular region.
London (Platts)--20 Nov 2014 834 am EST/1334 GMT
French day-ahead power prices decreased slightly as lower Friday demand is counterbalanced by reduced nuclear availability, due to an outage Thursday morning, and lower hydro output, according to sources.
Houston (Platts)--19 Nov 2014 436 pm EST/2136 GMT
This week's cold snap has caused peak demand in November in the PJM Interconnection to blow by its previous record, set last November, the independent system organization announced Wednesday.
London (Platts)--19 Nov 2014 851 am EST/1351 GMT
German prompt power prices eased Wednesday from some of their highest levels since January as solar power output was forecast to rebound amid still very low wind power levels, sources said.
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Coal

London (Platts)--21 Nov 2014 905 am EST/1405 GMT
Italian imports of thermal coal are expected to drop by 11% year on year to 16 million mt in 2014, mainly due to the closure of coal-fired capacity in Vado Ligure, according to Assocarboni, the Italian coal industry association, Friday.
Singapore (Platts)--21 Nov 2014 742 am EST/1242 GMT
Major Chinese miners might look to boost thermal coal prices ahead of the annual contract negotiations for 2015 with utilities next week, but utilities are expected to bargain hard as demand remains muted amid high stockpiles, industry sources said this week.
Washington (Platts)--20 Nov 2014 356 pm EST/2056 GMT
US coal production totaled about 18.9 million st in the week that ended November 15, the Energy Information Administration said Thursday.
Hunan, China (Platts)--20 Nov 2014 800 am EST/1300 GMT
Combined coal stocks held by six major power generation companies in eastern and southern China averaged 14.19 million mt in the week ended November 18, up 0.8% week on week, Qinhuangdao Port said Thursday. Based on the current rate of coal burn, the stocks held by Zhejiang Power, Shanghai Power, Guangdong Power (Yudean), Guodian, Datang and Huaneng will be able to meet an average 23.46 days of consumption, down 1.47 days week on week, the report said.
Houston (Platts)--19 Nov 2014 437 pm EST/2137 GMT
October Great Lakes coal shipments were up 9% compared with the same month last year but were still down 5.1% year to date as shippers try to catch up after last year's brutal winter, Lake Carriers' Association data showed Wednesday.
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Shipping

London (Platts)--21 Nov 2014 907 am EST/1407 GMT
Worldscale rates for loading and discharging in Belem, Brazil have been raised, the Worldscale Association said Friday.
London (Platts)--21 Nov 2014 739 am EST/1239 GMT
Surging freight costs in the West African Suezmax market, which have climbed to their highest levels in over six years this week, could add to the bearish pressure on crude differentials in the region, traders said.
Singapore (Platts)--21 Nov 2014 420 am EST/920 GMT
The cost of operating ships last year marginally declined for bulkers and containers and rose slightly for tankers as owners have worked to cap costs amid eroding earnings since 2008, a shipping industry study said.
London (Platts)--20 Nov 2014 418 pm EST/2118 GMT
Fresh inquiry was heard across key trading regions in the Atlantic Thursday, but with some markets still oversupplied with ships and others more balanced, sentiment was mixed, shipping sources said.
London (Platts)--20 Nov 2014 751 am EST/1251 GMT
The cost of sending 130,000 mt crude oil cargoes from West Africa to the UK Continent and Mediterranean has surged to a six-year high as a dwindling tonnage list struggles to accommodate high levels of inquiry from charterers, shipping sources told Platts.
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Petrochemicals

London (Platts)--20 Nov 2014 340 pm EST/2040 GMT
Growing pressure for cheaper US and Middle East feedstocks slashed net EU chemical exports for the first seven months of this year to approximately Eur25 billion, down Eur2.7 billion compared with the same period last year, according to a Cefic-commissioned report produced by Oxford Economics published Thursday.
London (Platts)--20 Nov 2014 1121 am EST/1621 GMT
Switzerland-based petrochemical company Ineos is to invest an initial $1 billion in exploring for shale gas in the UK, the company said Thursday at a press conference in London.
Tokyo (Platts)--20 Nov 2014 243 am EST/743 GMT
Japan's styrene-butadiene-rubber production in October fell 19% from a month earlier to 32,100 mt, the Japan Petrochemical Industry Association said Thursday, November 20.
Houston (Platts)--19 Nov 2014 149 pm EST/1849 GMT
US Gulf Coast propane and propylene stocks rose 416,000 barrels to reach a new record high at 44.51 million barrels for the week ending November 14, Energy Information Administration data showed Wednesday.
London (Platts)--19 Nov 2014 720 am EST/1220 GMT
Petkim's 150,000 mt crude C4 sell tender for 2015 has closed without being awarded as bids landed below the asking price, sources told Platts.
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Metals

Singapore (Platts)--21 Nov 2014 550 am EST/1050 GMT
Seaborne iron ore prices tumbled below the $70/dry mt CFR North China mark for the first time since June 2009, with the benchmark Platts 62% Fe Iron Ore Index being assessed at $69.75/dmt CFR North China Friday, November 21.
Tokyo (Platts)--21 Nov 2014 224 am EST/724 GMT
Japan's production of stainless steel is expected to fall in November on a major plant turnaround and output cut following a fall in demand, market sources said Friday, November 21.
Caracas (Platts)--20 Nov 2014 343 pm EST/2043 GMT
Venezuelan group CVG-Bauxilum's October alumina production rose 1% year on year to 53,328 mt, which was 16% lower month on month, it said Tuesday.
Sao Paulo (Platts)--20 Nov 2014 131 pm EST/1831 GMT
Brazil's long steel imports totaled 63,691 mt in October, down 14% from October 2013's 74,061 mt, according to data released Thursday by the Ministry of Development and Trade, but up 223.6% from 19,680 mt imported in September.
London (Platts)--20 Nov 2014 1154 am EST/1654 GMT
The Turkish market for imported scrap remained bearish Thursday, taking its lead from tanking iron ore, billet and rebar prices, sources said.
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Agriculture

Houston (Platts)--20 Nov 2014 128 pm EST/1828 GMT
Weekly net export sales of US corn for the reporting week ended November 13 rose to a four-week high, US Department of Agriculture data showed Thursday.
London (Platts)--20 Nov 2014 1122 am EST/1622 GMT
Average crush spreads for European ethanol producers in 2014 are well below those for the same period of 2013.
Houston (Platts)--19 Nov 2014 608 pm EST/2308 GMT
US ethanol production for the week ended November 14 soared 24,000 b/d to a five-month high of 970,000 b/d, while stocks tumbled 370,000 barrels to 17.335 million barrels, Energy Information Administration data showed Wednesday.
London (Platts)--19 Nov 2014 825 am EST/1325 GMT
European physical ethanol fell Eur2/cu m Tuesday to Eur453/cu m FOB Rotterdam as buying interest around the most prompt delivery dates retreated, moving the structure out of backwardation for the first time in 15 weeks.
Houston (Platts)--18 Nov 2014 507 pm EST/2207 GMT
A flurry of trading activity sent RIN prices soaring Tuesday morning, as traders looked to grab biofuel credits ahead of the anticipated release of the new federal blending mandates, before prices receded somewhat in the early afternoon.
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