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Houston (Platts)--12 Feb 2016 500 pm EST/2200 GMT
Values for offline ULSD jumped Friday morning as Colonial Pipeline said in a notice to shippers it will be reducing capacity by about 30% on its distillate-only Line 2 in early March to perform pipeline integrity tool runs on the line.
London (Platts)--12 Feb 2016 913 am EST/1413 GMT
The front-month naphtha east/west spread -- the premium of CFR Japan naphtha cargo swaps over the CIF NWE naphtha cargo swap -- narrowed to a four-month low of $21/mt Thursday, down from $22.50/mt Wednesday, thus keeping closed the naphtha arbitrage from Europe to Asia.
Seoul (Platts)--12 Feb 2016 858 am EST/1358 GMT
South Korea's reliance on Middle Eastern crudes fell in 2015 as refiners turned to Russian and Mexican cargoes that were plentiful, but an anticipated rise in purchases from Iran may halt the downslide this year. The country's four refiners imported 741.78 million barrels from the Middle East in 2015, up 3.1% from 719.3 million barrels in 2014, according to data from state-owned Korea National Oil Corp.
Washington (Platts)--11 Feb 2016 500 pm EST/2200 GMT
The US on Thursday imposed sanctions on a top Islamic State oil official, Faysal al-Zahrani, who allegedly controlled at least five oil fields in Al Barakah, Syria, and generated tens of millions of dollars in revenue for the jihadist group.
London (Platts)--11 Feb 2016 944 am EST/1444 GMT
The physical Northwest European fuel oil crack -- the discount of FOB Rotterdam fuel oil barges to Dated Brent, surged to a discount of only $9.29/b late Wednesday, its highest since March, according to Platts data.
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Natural Gas

London (Platts)--12 Feb 2016 859 am EST/1359 GMT
LDZ (local distribution zone) gas demand across Western Europe is forecast to rise for the third week running in week 7, while week 6 is likely to exceed expectations, provisional data from Eclipse Energy, an analytics unit of Platts, showed Friday morning.
Sydney (Platts)--12 Feb 2016 737 am EST/1237 GMT
Australia's growing exports of LNG following the startup of three new plants in the eastern state of Queensland are helping to offset a rapid deterioration in the country's balance of payments, according to a report released this week by local consultancy EnergyQuest.
Houston (Platts)--11 Feb 2016 450 pm EST/2150 GMT
Spot natural gas prices were mostly trading lower around the Northeast Thursday as temperatures Friday were expected to come off of Thursday's lows.
London (Platts)--11 Feb 2016 955 am EST/1455 GMT
Maximum withdrawal capacity at the UK's largest natural gas storage facility, Rough, has been revised lower by Centrica Storage Ltd.
London (Platts)--10 Feb 2016 522 pm EST/2222 GMT
The startup of US LNG exports, some of which will be headed for Europe, will shift market dynamics, creating a much more competitive European gas market, a senior official from US LNG pioneer Cheniere Energy said Wednesday.
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Electric Power

London (Platts)--12 Feb 2016 902 am EST/1402 GMT
German wind power output reached a new record this week, peaking above 33 GW overnight Tuesday, but dropped to just 1 GW by Friday, with coal and to a lesser extend also gas-fired power plants providing the flexibility needed to keep the system balanced, a Platts analysis of hourly generation profiles shows.
Houston (Platts)--11 Feb 2016 452 pm EST/2152 GMT
ISO New England has issued a cold weather watch for Saturday with high temperatures forecast below freezing, according to the grid operator.
London (Platts)--11 Feb 2016 959 am EST/1459 GMT
German day-ahead power prices rose Thursday to their highest since the short-lived cold snap at the end of January with slight gains for solar not enough to offset a sharp drop in wind power output, according to sources.
Houston (Platts)--10 Feb 2016 518 pm EST/2218 GMT
Coal-fired and nuclear power supplied a larger share of electricity in January in the Electric Reliability Council of Texas compared with December, while natural gas-fired and wind power supplied a smaller share, according to an ERCOT report released Wednesday.
London (Platts)--10 Feb 2016 834 am EST/1334 GMT
Analysts from Societe Generale have cut their forecasts for European power prices by 20% from their outlook in late November as weakness in underlying fuels and demand is expected to persists, while the continued expansion of renewables is changing power pricing levels more structurally.
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Houston (Platts)--12 Feb 2016 531 pm EST/2231 GMT
The small volumes of Central Appalachian coal seen moving the last few weeks in spot deals have come at the lowest prices of the year, sources said Friday.
London (Platts)--12 Feb 2016 903 am EST/1403 GMT
South Africa's Competition Commission has recommended the Competition Tribunal approve Tegeta Exploration & Resources' acquisition of Glencore's Optimum Holdings, including the Optimum coal mine, the Optimum coal terminal and the Koornfontein mines, for Rand 2.15 billion ($136 million) provided no employees are retrenched as a result.
Louisville, Kentucky (Platts)--10 Feb 2016 523 pm EST/2223 GMT
Rosebud Mining has resumed production at several of its 20 small Pennsylvania thermal coal mines idled in early January and expects about half to be up and running again by the end of February, a company official said Wednesday, adding that the rest could be back online a month later.
Perth (Platts)--10 Feb 2016 649 am EST/1149 GMT
Australian Pacific Coal said Wednesday the resignation of its chief executive and managing director Nathan Tinkler will not affect its planned acquisition of Anglo American's shuttered Dartbrook thermal coal mine in New South Wales.
Houston (Platts)--9 Feb 2016 629 pm EST/2329 GMT
Alpha Natural Resources' existing lenders have reached an agreement with the coal producer to become the stalking-horse bidder to acquire the company's core assets in a $500 million deal, company officials said Tuesday.
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London (Platts)--12 Feb 2016 907 am EST/1407 GMT
A tax on marine gasoil, which includes MGO used for blending bunkers, has seen the premium on low-viscosity bunker fuel in St Petersburg shrink over the main 380 CST fuel grade since the start of the year.
London (Platts)--12 Feb 2016 905 am EST/1405 GMT
The first month of 2016 saw 53 dry bulk vessels recycled, 20% more than in December 2015, while marking a 43% increase from January 2015, Greek sales-and-purchase shipbroker Golden Destiny said Friday.
London (Platts)--11 Feb 2016 923 am EST/1423 GMT
There has been no significant increase in demand for bunker fuel oil in Istanbul despite the price premium to the Black Sea port of Novorossiisk falling to a three-year low, sources said.
Singapore (Platts)--11 Feb 2016 644 am EST/1144 GMT
Japan's NYK Line will consider putting more Capesize ships into cold lay-up if freight rates remain low, its Manager of Capesize Chartering Izuru Ehara told Platts Wednesday.
Moscow (Platts)--11 Feb 2016 528 am EST/1028 GMT
Crude producer Rosneft and Italian shipping company Pietro Barbaro have signed a memorandum of understanding on forming a joint venture that would expand Rosneft's shipping reach internationally, the Russian company said Thursday.
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New Orleans (Platts)--12 Feb 2016 534 pm EST/2234 GMT
US methanol consumers have started to show an increasing level of comfort with the security of supply and appear likely to increase their involvement in spot activity longer term, sources said Friday.
London (Platts)--12 Feb 2016 1059 am EST/1559 GMT
A potential purchase by AkzoNobel of BASF's industrial coatings business could put other chemical companies under pressure to re-structure their businesses if economic growth remains low, chemical-sector analysts said.
London (Platts)--12 Feb 2016 908 am EST/1408 GMT
Kuwaiti petrochemical company Equate sold its petrochemicals at an average price of 9% less than it had planned in 2015, the company said Friday.
Houston (Platts)--11 Feb 2016 456 pm EST/2156 GMT
US petrochemical producer ExxonMobil Chemical has completed the startup process of its 820,000 mt/year ethylene complex in Beaumont, Texas, the company said Thursday.
Houston (Platts)--10 Feb 2016 517 pm EST/2217 GMT
The US benzene-crude ratio has support at its current mark of 2.65, despite declining crude, because of strong benzene derivative styrene demand, market sources said Wednesday.
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Pittsburgh (Platts)--12 Feb 2016 500 pm EST/2200 GMT
US mills petitioned the government to impose antidumping and countervailing duties on Chinese stainless steel sheet and strip, according to documents filed Friday.
Sao Paulo (Platts)--12 Feb 2016 947 am EST/1447 GMT
Brazil's ferrous scrap exports totaled 43,083 mt in January, down 29.2% from 60,901 mt in the year-ago month and down 11.7% from 48,820 mt in December, the Ministry of Development and Foreign Trade said Friday.
Sydney (Platts)--12 Feb 2016 910 am EST/1410 GMT
Platts Australian alumina daily assessment closed the week at $209/mt FOB, up 50 cents on the day as the global market gravitated toward a more balanced or tighter position than a few months ago due to margins-led global refining cuts.
London (Platts)--12 Feb 2016 910 am EST/1410 GMT
The European Commission announced Friday it will start antidumping investigations into imports of Chinese steel heavy plates, hot-rolled flats and seamless pipes.
Pittsburgh (Platts)--11 Feb 2016 500 pm EST/2200 GMT
The US Senate passed a trade bill on Thursday containing language from the long-awaited, steel industry-championed ENFORCE Act, and the bill awaits President Barack Obama's signature.
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Washington (Platts)--12 Feb 2016 610 pm EST/2310 GMT
Independent refiners are taking their campaign to change the way the Renewable Fuel Standard is administered to court, asking federal judges to shift the responsibility for complying with the US biofuel mandate to blenders.
London (Platts)--12 Feb 2016 911 am EST/1411 GMT
The Platts T2 ethanol assessment Thursday saw its largest day-on-day decline since January 1, dropping Eur16/cu m on the day to Eur513/cu m, the lowest level since May 15 as low demand and proactive offers had participants looking for a price floor.
Santos, Brazil (Platts)--11 Feb 2016 455 pm EST/2155 GMT
Sugarcane crushed in Brazil's Center-South region in the last 16 days of January totaled 3.93 million mt, up from 821,126 mt during same period last year, data from industry association UNICA showed Thursday.
London (Platts)--11 Feb 2016 923 am EST/1423 GMT
Outright prices for biodiesel RME in Northwest Europe dropped to their lowest level in almost 10 months Wednesday, with buying interest lackluster as a number of blenders were already covered for their requirements in Q1 ahead of a specification switch in Q2.
Houston (Platts)--10 Feb 2016 516 pm EST/2216 GMT
The price of Chicago Argo ethanol fell 2.5 cents/gal Wednesday following Energy Information Administration data that showed stocks building to an all-time high.
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