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Oil | Natural Gas | Electric Power | Coal | Shipping | Petrochemicals | Metals | Agriculture

Oil

New York (Platts)--22 Jul 2016 548 pm EDT/2148 GMT
Crude futures fell Friday as the strengthening dollar, ample gasoline inventories and rising US oil rig count pushed prices to lows not seen since May.
Singapore (Platts)--22 Jul 2016 907 am EDT/1307 GMT
Indonesia has decided to switch to Platts Dated Brent to calculate the Indonesian Crude Price effective July, a move that did not come as a surprise to the industry but one that did throw them off-guard due to the speed at which Jakarta intends to apply the new formula.
Tokyo (Platts)--22 Jul 2016 1244 am EDT/444 GMT
Japan's largest refiner JX Nippon Oil & Energy said Friday it has revised lower its planned crude throughput volume for the domestic market in July by 3.8% to 4.06 million kiloliters (823,761 b/d) from its earlier plan as a result of unspecified refinery troubles.
Singapore (Platts)--22 Jul 2016 354 am EDT/754 GMT
A landmark ruling by an international arbitration court against China's claims over a major part of South China Sea is likely to escalate diplomatic tensions between Beijing and other regional claimants such as the Philippines and Vietnam over the waterway.
Calgary (Platts)--21 Jul 2016 539 pm EDT/2139 GMT
The number of oil and natural gas wells drilled in the second quarter of 2016 in Canada fell 58% year on year to 313, but the industry is now showing signs of a "modest recovery" as crude prices improve, a leading drilling contractor said Thursday.
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Natural Gas

Houston (Platts)--22 Jul 2016 539 pm EDT/2139 GMT
The NYMEX August natural gas futures contract settled at $2.777/MMBtu Friday, up 8.5 cents as bullish storage and weather data provided price support.
London (Platts)--22 Jul 2016 934 am EDT/1334 GMT
A cargo of US LNG on Friday landed at Spain's Murgados LNG import terminal, making it only the second cargo to reach the European market since US LNG exports began at the end of February.
Singapore (Platts)--22 Jul 2016 909 am EDT/1309 GMT
Platts JKM for LNG for September delivery ended the trading week at $6/MMBtu Friday, up 35 cents/MMBtu since rolling to become the new front month on Monday, as recent tender results, firmer end-user demand and expectations of even greater future demand pushed prices higher.
Austin, Texas (Platts)--21 Jul 2016 531 pm EDT/2131 GMT
FortisBC is in talks with other possible customers for LNG from its Tilbury LNG facility in British Columbia and may have to put a further expansion of the site on hold, after a key contract with Hawaiian Electric was scuppered by the collapse of a proposed merger between that company and Florida-based NextEra Energy, a Fortis representative said Thursday.
London (Platts)--21 Jul 2016 603 am EDT/1003 GMT
Italy's Eni and Dutch gas supplier GasTerra have become embroiled in a bitter multi-billion euro row over gas prices, with a ruling against Eni last month in an arbitration case triggering a new round of counterclaims and even the seizure of assets.
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Electric Power

Houston (Platts)--22 Jul 2016 545 pm EDT/2145 GMT
Southwest Power Pool set a new peakload record on Thursday, reaching 50,622 MW at 4:47 pm CDT (2147 GMT), surpassing the previous record of 50,083 MW at 4:35 pm on July 20.
London (Platts)--22 Jul 2016 935 am EDT/1335 GMT
UK prompt power prices edged higher Friday morning as a slight uptick in demand and weakened wind power generation was likely to add pressure on supply margins.
Houston (Platts)--21 Jul 2016 537 pm EDT/2137 GMT
Midcontinent Independent System Operator issued a maximum generation warning for Thursday because of forced generation outages, above normal temperatures and higher than forecasted load.
London (Platts)--21 Jul 2016 856 am EDT/1256 GMT
Gas and oil-fired power stations dominated SSE's generation mix in April- June, with unfavorable weather patterns and a weak economic climate reducing the amount of electricity produced from renewables and coal plants, the UK utility said Thursday.
Houston (Platts)--20 Jul 2016 613 pm EDT/2213 GMT
The Midcontinent Independent System Operator issued a hot weather alert and conservative operations notice through Friday as demand forecasts and day-ahead prices rose Wednesday.
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Coal

Houston (Platts)--22 Jul 2016 537 pm EDT/2137 GMT
Illinois Basin coal production totaled 23.4 million st in the second quarter, down nearly 5% from the prior quarter and down 22.4% from the year-ago quarter, according to Mine Safety and Health Administration data.
London (Platts)--22 Jul 2016 935 am EDT/1335 GMT
China imported 7.54 million mt of thermal coal in June, rising 21.4% year on year, but down 1% from May's 13-month high, according to data released by the General Administration of Customs Friday.
Houston (Platts)--20 Jul 2016 610 pm EDT/2210 GMT
US coal carload volumes rebounded from a slow July 4 holiday week to set a new high mark for 2016, the Association of American Railroads reported Wednesday.
London (Platts)--20 Jul 2016 632 am EDT/1032 GMT
Canceling the UK's carbon capture and storage competition may hinder meeting long-term climate change targets, increase costs to consumers and delay deployment of the technology until 2030, National Audit Office (NAO), the UK's public spending watchdog, warned on Wednesday.
Sydney (Platts)--20 Jul 2016 444 am EDT/844 GMT
Mining giant BHP Billiton expects further declines in its thermal coal production in fiscal 2016-2017 after periods of drought and heavy rain took a toll on output in the current fiscal year that ended June 30.
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Shipping

London (Platts)--22 Jul 2016 937 am EDT/1337 GMT
After weeks of waiting, the Black Sea grain trade has finally taken center stage in the Atlantic Supramax dry bulk market, pushing freight rates higher in this key loading area.
Singapore (Platts)--22 Jul 2016 936 am EDT/1336 GMT
The International Bunker Industry Association will be forming a sub-committee of bunker surveyors, said industry sources who attended a closed door meeting at the association's Singapore branch Friday.
Houston (Platts's)--21 Jul 2016 538 pm EDT/2138 GMT
French oil major Total's US Gulf Coast marine fuel supply division said it will cease regional operations at the end of July, which multiple bunker fuel sources attributed to stiff competition among suppliers and weak margins.
London (Platts)--21 Jul 2016 851 am EDT/1251 GMT
A second August-loading VLCC of North Sea crude was said to on subjects for a South Korea-bound voyage, shipbrokers said Thursday.
Houston (Platts)--20 Jul 2016 640 pm EDT/2240 GMT
Los Angeles heavy bunker fuel fell to its lowest price level in more than one month as competition between two of the three main suppliers in that port drove prices lower, while the third supplier took advantage of the weak market.
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Petrochemicals

Houston (Platts)--22 Jul 2016 543 pm EDT/2143 GMT
US olefins producer LyondellBasell started a 45-day planned turnaround at its 300,000 mt/year monoethylene glycol facility in Bayport, Texas, market sources said Friday.
London (Platts)--22 Jul 2016 938 am EDT/1338 GMT
European acrylonitrile-butadiene-styrene July prices have been falling in recent weeks, under pressure from imports from Asia, sources said.
Singapore (Platts)--22 Jul 2016 448 am EDT/848 GMT
The backwardation on the Asian styrene monomer forward curve has steepened further, on the back of firm buying sentiment for prompt cargoes, which was largely triggered by seasonal demand for SM in China.
Houston (Platts)--21 Jul 2016 536 pm EDT/2136 GMT
Ineos Styrolution had a unit upset at its Pasadena, Texas, styrene plant Thursday, according to a message left on a community hotline.
London (Platts)--21 Jul 2016 857 am EDT/1257 GMT
Platts ethylene and propylene indicators for August were assessed at clear declines from July following lower upstream naphtha prices.
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Metals

Louisville, Kentucky (Platts)--22 Jul 2016 551 pm EDT/2151 GMT
US zinc recycler Horsehead Holding Corp lost a further $10.1 million in June, extending its total net losses to nearly $64 million since it filed for Chapter 11 federal bankruptcy reorganization February 2, a new court filing shows.
Pittsburgh (Platts)--22 Jul 2016 549 pm EDT/2149 GMT
The US wire rod market is beginning to show softness as prices fall in line with lower-priced scrap, market sources said Friday.
London (Platts)--22 Jul 2016 944 am EDT/1344 GMT
Monthly alloy surcharges on austenitic grades of stainless steel flat-rolled products in Europe are up significantly for August, spurred by a spike in nickel prices to hit their highest levels in almost a year, first mill announcements indicated Thursday.
Singapore (Platts)--22 Jul 2016 941 am EDT/1341 GMT
China imported 51.4 million mt of iron ore from Australia in June, up 3.78% year on year but down 6.12% month on month, according to data released Friday by the General Administration of Customs.
Singapore (Platts)--22 Jul 2016 942 am EDT/1342 GMT
Spot export offers of Chinese magnesium ingot, basis FOB, rose further this week, supported by a firm domestic market seeing steady demand but tight supply as plants shut for scheduled maintenance, industry sources said Friday.
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Agriculture

Houston (Platts)--22 Jul 2016 541 pm EDT/2141 GMT
Chinese imports of dried distillers grains rose 19.6% or 38.58 million kg month on month in June to 235.6 million kg, according to data released by the Chinese Customs Information Center in Hong Kong.
Singapore (Platts)--22 Jul 2016 945 am EDT/1345 GMT
China's ethanol imports more than halved to 111,651 cu m in June from a record high 263,388 cu m in May, data released Friday by the country's General Administration of Customs showed.
Houston (Platts)--21 Jul 2016 535 pm EDT/2135 GMT
Front-month New York Harbor ethanol was assessed by S&P Global Platts at $1.50/gal Thursday, a 2 cents/gal decrease and the product's lowest level since March 23, when it was assessed at the same level.
Singapore (Platts)--21 Jul 2016 903 am EDT/1303 GMT
Australian wheat production estimate for the 2016-17 (October-September) crop year has been revised up another 500,000 mt to 26 million mt, amid significant improvements in weather conditions across cropping areas, said the US Department of Agriculture based in Canberra, in a report published Wednesday.
Houston (Platts)--20 Jul 2016 637 pm EDT/2237 GMT
The amount of US corn used for domestic ethanol production in the week ended July 15 was 108.045 million bushels, up 2.625 million bushels or 2.5% week on week, according to S&P Global Platts estimates based on Energy Information Administration data released Wednesday.
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