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Houston (Platts)--24 Oct 2014 540 pm EDT/2140 GMT
New orders for land rig building continue even amid the recent drop in oil prices, and analysts and drillers insist that industry's appetite for new state-of-the-art drilling units has not been slaked.
Anchorage (Platts)--24 Oct 2014 311 pm EDT/1911 GMT
ConocoPhillips and its Alaska North Slope Kuparuk River Field partners have approved a new drill site there that will add 8,000 b/d of new production, the company said Friday.
London (Platts)--24 Oct 2014 806 am EDT/1206 GMT
Northwest European HSFO barge cracks sank to their lowest levels in over 11 weeks Thursday on improved supply in Rotterdam and a rally in dated Brent, sources said.
Juba (Platts)--24 Oct 2014 727 am EDT/1127 GMT
South Sudan, China and Malaysia have discussed the need to increase oil production in South Sudan, oil minister Stephen Dhieu Dau said in Juba on Friday.
Singapore (Platts)--24 Oct 2014 606 am EDT/1006 GMT
Both imported and domestically produced LPG prices drifted lower in South and East China this week, mainly weighed down by the bearish market outlook, trade sources said Friday.
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Natural Gas

Houston (Platts)--24 Oct 2014 611 pm EDT/2211 GMT
Argentina will not tender for another strip of LNG cargoes before March 2015 and possibly later, as weak consumer demand continues to saturate the domestic market with excess natural gas supply, a source close to the matter has said.
London (Platts)--24 Oct 2014 731 am EDT/1131 GMT
Dutch and German gas prices remained bearish Friday, falling on both the prompt and the curve in line with the UK NBP market.
Singapore (Platts)--24 Oct 2014 603 am EDT/1003 GMT
The Platts JKM for December delivery plunged 82.5 cents over the Asian trading week, closing at $13.50/MMBtu Friday as offers came under further pressure due to weak demand.
Knoxville, Tennessee (Platts)--23 Oct 2014 429 pm EDT/2029 GMT
US natural gas storage inventories rose by 94 Bcf to a total of 3.393 Tcf for the week that ended Friday, the US Energy Information Administration reported Thursday.
London (Platts)--23 Oct 2014 1024 am EDT/1424 GMT
Dutch and German prices were lower Thursday as selling interest emerged following gains in the previous session.
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Electric Power

Houston (Platts)--24 Oct 2014 613 pm EDT/2213 GMT
Opinions were mixed Friday on the possible impact of a reimplementation of the Cross State Air Pollution Rule, with some market watchers saying it could accelerate power plant shutdowns, while others said it's too soon to tell.
London (Platts)--24 Oct 2014 722 am EDT/1122 GMT
French prompt power prices fell Friday as the continued mild weather outlook eased demand pressure, while the end of unplanned strike action also lifted the nuclear power availability outlook, according to market sources.
Louisville, Kentucky (Platts)--23 Oct 2014 549 pm EDT/2149 GMT
Illinois regulators have approved Commonwealth Edison's plan to build a 345-kV transmission line, which could open access to about 1,000 MW of additional generation starting in mid-2017, a ComEd spokesman said Thursday.
London (Platts)--23 Oct 2014 955 am EDT/1355 GMT
EDF's French nuclear power capacity was cut by 6.5 GW early Thursday due to a strike by workers at the plants, a company spokesman said.
Louisville, Kentucky (Platts)--22 Oct 2014 538 pm EDT/2138 GMT
The Midcontinent Independent System Operator has increased its forecast for a capacity shortfall in lower Michigan in 2016 by one-third to 3,000 MW, the Carmel, Indiana-based independent system operator said Wednesday.
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Houston (Platts)--24 Oct 2014 355 pm EDT/1955 GMT
Westshore Terminals, in Vancouver, British Columbia, shipped 8.6 million mt of coal during the third quarter, its best quarter ever in terms of volume, the company said Friday.
London (Platts)--24 Oct 2014 723 am EDT/1123 GMT
Monthly Chinese imports of bituminous and sub-bituminous thermal coal fell to 9.35 million mt in September, a two-and-a-half-year low, according to China customs statistics Friday.
Houston (Platts)--23 Oct 2014 425 pm EDT/2025 GMT
Coal shipments originated on the Great Lakes totaled nearly 3 million st in September, up 13.4% from August and up 12.2% from the year-ago month, the Lake Carriers Association said Thursday.
Perth (Platts)--23 Oct 2014 340 am EDT/740 GMT
Coal exports from Australia's Dalrymple Bay coal terminal touched 6.05 million mt in September, the highest level since 6.68 million mt in June, and a month on month increase of 5.6%, a source close to the coal export facility in Queensland said Thursday, October 23.
Houston (Platts)--22 Oct 2014 539 pm EDT/2139 GMT
Weak seaborne coal pricing and a competitive Australian dollar largely drove a 16% decline in Norfolk Southern's third-quarter coal exports, the railroad reported Thursday.
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Houston (Platts)--24 Oct 2014 456 pm EDT/2056 GMT
Aframax freight rates in the Caribbean rocketed to a 10-week high Friday after a tropical depression further depleted an already thin position list, sources said.
London (Platts)--24 Oct 2014 729 am EDT/1129 GMT
Clean Handysize freight rates on cross-Mediterranean voyages spiked to just over a 20-month high Thursday as a wave of cargoes in the last two weeks drastically reduced available vessels.
London (Platts)--24 Oct 2014 729 am EDT/1129 GMT
Lack of available VLCC's has hampered arbitrage opportunities to send fuel oil to Singapore for physical fuel oil buyers, traders said Thursday.
London (Platts)--23 Oct 2014 513 pm EDT/2113 GMT
Panamax rates climbed higher due to tightening tonnage and a lack of ballasters from the Pacific, sources said Thursday.
London (Platts)--23 Oct 2014 1017 am EDT/1417 GMT
Turkey's Directorate General of Health for Border and Coastal Areas has applied restrictions to vessels entering Turkish waters from some West African countries due to the risk of Ebola, shipping and marine services company GAC said in a statement late Wednesday.
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Houston (Platts)--24 Oct 2014 547 pm EDT/2147 GMT
LyondellBasell will be carrying out planned maintenance at its 780,000 mt/year methanol plant in Channelview, Texas, in the first quarter of 2015, the company said during its third-quarter earnings conference call on Friday. Furnace issues at the plant prompted LyondellBasell to schedule the maintenance, the company said.
London (Platts)--24 Oct 2014 640 am EDT/1040 GMT
German chemical producer BASF said Friday expectations of a weaker global economy meant global chemical production would grow by just 4% this year and next, down from its previous estimate of 4.4% and 4.9% respectively.
Houston (Platts)--23 Oct 2014 618 pm EDT/2218 GMT
Westlake Chemical plans to add nearly 115,000 mt/year of ethylene capacity at its 560,000 mt/year plant in Lake Charles, Louisiana, the company said Thursday, making it the latest olefins producer to unveil ethylene capacity expansion plans.
London (Platts)--23 Oct 2014 1010 am EDT/1410 GMT
Total's NC3 naphtha cracker in Antwerp, Belgium, is currently offline due to an unplanned shutdown, according to market sources.
Singapore (Platts)--23 Oct 2014 948 am EDT/1348 GMT
Japan's LPG stocks rose 3.92% month on month to 2.173 million mt in September, up for the fifth month in a row due to slow demand during a mild summer and winter, while imports also increased, data from the Japan LPGas Association showed Thursday.
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Pittsburgh (Platts)--24 Oct 2014 612 pm EDT/2212 GMT
The US steel sheet market is anticipating a price increase, sources said this week, with chatter beginning on Wednesday but becoming more widespread on Friday, as talk of producers suspending outstanding offers spread.
Santiago (Platts)--24 Oct 2014 611 pm EDT/2211 GMT
Chile's Codelco, the world's largest copper producer, is revising its $23 billion portfolio of investment and will announce any changes to the plan within a number of months, CEO Nelson Pizarro said Friday.
London (Platts)--24 Oct 2014 320 pm EDT/1920 GMT
The annual gathering of traders, producers, brokers -- and anyone else worth their salt in the metals world -- LME Week has final closed and the overall outlook appears somewhat mixed for the base metals complex.
Sydney (Platts)--24 Oct 2014 812 am EDT/1212 GMT
The Platts Australian alumina daily assessment closed the week at $356/mt FOB, unchanged from Thursday but slipping $1/mt on the week, pressured by sluggish demand in China.
Singapore (Platts)--24 Oct 2014 616 am EDT/1016 GMT
The Chinese domestic iron ore concentrate price remained flat over the week for the second week in a row, but is expected to be under downward pressure from steel output cuts in north China's Hebei province because of smog and the upcoming Asia-Pacific Economic Cooperation Summit in Beijing, market sources said Friday.
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Houston (Platts)--24 Oct 2014 530 pm EDT/2130 GMT
The estimated production margin for a typical US Midwest dry-mill ethanol plant rose 7.01 cents, or 12.3%, to 64.04 cents/gal, rebounding from a 14-month low for a second straight week, a review of US Department of Agriculture and Platts data showed.
Brussels (Platts)--24 Oct 2014 321 pm EDT/1921 GMT
EU leaders have agreed to more flexibility in meeting 2030 greenhouse gas emissions reduction targets in sectors outside the EU Emissions Trading System, EU President Herman van Rompuy said Friday.
Singapore (Platts)--24 Oct 2014 642 am EDT/1042 GMT
China imported 123,587 mt of biodiesel in September, up 49.6% from August, data released Friday by the General Administration of Customs showed.
Sao Paulo (Platts)--23 Oct 2014 344 pm EDT/1944 GMT
Venezuelan hot-briquetted iron producers are increasingly concerned that they cannot maintain production through the end of the year, as current pellet stocks suggest an imminent shortage, market sources said Thursday.
Montreal (Platts)--23 Oct 2014 249 pm EDT/1849 GMT
Even prior to its release, the UNICA report from Brazil released Thursday for the October 1-15 period had a bearish effect on the sugar market, with sugar prices tumbling by as much as 20 points from Wednesday's close of 16.50 cents/lb in anticipation to the figures.
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