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Oil

Mexico City (Platts)--22 Aug 2014 631 pm EDT/2231 GMT
Mexican state Pemex has revised its annual production target for the year to 2.35 million b/d from 2.44 million b/d, its lowest level for three decades, the oil and natural gas monopoly said Friday.
Bogota (Platts)--22 Aug 2014 508 pm EDT/2108 GMT
Colombian crude oil production in July slipped to 968,000 b/d, a 5.1% drop from the 1.02 million b/d pumped in July last year and down 4% from June's 1.008 million b/d, according to a statement issued Friday by the mining and energy ministry.
New York (Platts)--22 Aug 2014 353 pm EDT/1953 GMT
ICE October Brent fell 34 cents to close at $102.29/barrel Friday as the market comes to grip with a growing surplus of supply.
Lagos (Platts)--22 Aug 2014 1014 am EDT/1414 GMT
Nigeria lost Naira 38.88 billion ($243 million) worth of oil products last year from sabotage to the country's pipeline network, state-owned oil company NNPC said.
London (Platts)--22 Aug 2014 944 am EDT/1344 GMT
European refinery margins have found support from recent weak crude values, sources said Friday.
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Natural Gas

Washington (Platts)--22 Aug 2014 432 pm EDT/2032 GMT
El Paso Natural Gas completed repairs on a leak at its Havasu lateral (Line 1140) and lifted a force majeure early Friday morning, according to a notice on the pipeline's bulletin board.
Sydney (Platts)--21 Aug 2014 1059 pm EDT/259 GMT
Australian exploration and production company Santos has made what it dubbed a "significant" gas-condensate discovery at the Lasseter-1 exploration well off Western Australia.
Houston (Platts)--21 Aug 2014 338 pm EDT/1938 GMT
A force majeure on El Paso Natural Gas' Line 1104, the Havasu Lateral in western Arizona, caused 650,000 Mcf/d of gas capacity to be shut in Thursday.
London (Platts)--21 Aug 2014 959 am EDT/1359 GMT
Lithuanian gas company Litgas Thursday signed a five-year deal with Norway's Statoil to import 540 million cubic meters/year of gas as LNG through the country's planned Klaipeda LNG facility, the Lithuanian government said.
Tokyo (Platts)--21 Aug 2014 1224 am EDT/424 GMT
Japan's Idemitsu Kosan said Thursday it has discovered natural gas and condensate at its operated 05-1b and 05-1c blocks offshore southern Vietnam.
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Electric Power

Philadelphia (Platts)--22 Aug 2014 250 pm EDT/1850 GMT
US merchant generator Dynegy will nearly double the amount of capacity it owns under two separate deals that will see it acquire power plants from Illinois to Massachusetts.
London (Platts)--22 Aug 2014 858 am EDT/1258 GMT
Short-term power prices on the German market edged higher Friday as wind power generation was set to ease significantly at the start of week 35 after strengthening over the weekend, according to sources.
Louisville, Kentucky (Platts)--21 Aug 2014 606 pm EDT/2206 GMT
In two separate inquiries, Illinois regulators are investigating allegations of misrepresentation and deceptive marketing practices in the state's competitive retail electricity market.
London (Platts)--21 Aug 2014 905 am EDT/1305 GMT
French day-ahead baseload power prices shed some value Thursday after significant gains of around Eur16 since Friday, but one trader told Platts it seems as though fundamentals have done little to drive sentiment, with speculation among participants the main market driver this week.
Philadelphia (Platts)--20 Aug 2014 516 pm EDT/2116 GMT
A US Environmental Protection Agency proposal to increase the capacity factor of natural gas-fired combined-cycle power plants to 70% by 2030 is "doable," but only if the country's gas transportation system is strengthened, officials with a large Georgia generation and transmission cooperative said Wednesday.
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Coal

Houston (Platts)--22 Aug 2014 431 pm EDT/2031 GMT
US electric utility coal stocks stood at roughly 113 million st in the week ended Thursday, nearly 27%, or 42 million st, below the same time last year, Platts unit Bentek Energy said Friday.
Manila (Platts)--22 Aug 2014 602 am EDT/1002 GMT
Indonesia's Ministry of Trade has decided to delay the implementation of its coal export license regulation to October 1 from September 1, to provide additional time for more license applications to be processed, a ministry official said Friday, August 22.
Houston (Platts)--21 Aug 2014 456 pm EDT/2056 GMT
US railroads delivered 118,954 coal carloads for the week that ended Saturday, the highest total so far this year, and the most carloads since the last week of August 2013, the Association of American Railroads said Thursday.
Singapore (Platts)--21 Aug 2014 716 am EDT/1116 GMT
Some Indonesian thermal coal suppliers with high stockpiles were reportedly offering cargoes at fire-sale prices as confusion prevailed regarding the implementation of the export regulation September 1, sources said Thursday.
London (Platts)--20 Aug 2014 849 am EDT/1249 GMT
Total volumes of OTC and exchange-cleared financially settled coal derivatives traded in London and Singapore in July increased 4% on the month to 204.2 million mt, according to data published Wednesday by the London Energy Brokers' Association.
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Shipping

Washington (Platts)--22 Aug 2014 417 pm EDT/2017 GMT
Petroleum marketers and refiners are planning a substantial effort to get Congress to change the Jones Act, a nearly century-old law they claim is driving up motor fuel and heating oil prices and severely inhibiting the flow of crude oil between US ports amid the ongoing domestic oil boom.
Houston (Platts)--22 Aug 2014 249 pm EDT/1849 GMT
A 4-million mt coal export terminal could begin operations by the fall of 2015 after the Vancouver, British Columbia, port authority on Thursday approved a project permit for Fraser Surrey Docks.
Houston (Platts)--21 Aug 2014 337 pm EDT/1937 GMT
Venezuela's PDVSA sold three cargoes of intermediate fuel oil with 380 CST and one 3% sulfur fuel oil cargo to PetroChina for August loading, a source familiar with PDVSA's operations said Thursday.
Houston (Platts)--20 Aug 2014 358 pm EDT/1958 GMT
Cargo volumes at the Port of Tacoma, Washington, totaled 1.17 million TEUs, up more than 8% from the same period of last year, the port said Tuesday.
London (Platts)--20 Aug 2014 913 am EDT/1313 GMT
The Novorossiisk bunker market has expanded significantly this year as demand for bunker fuel has soared amid limited availabilities to cover prompt volumes, sources said.
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Petrochemicals

Houston (Platts)--22 Aug 2014 435 pm EDT/2035 GMT
US methanol contracts for September are likely to be unchanged or up slightly from August levels, sources said Friday.
Singapore (Platts)--22 Aug 2014 558 am EDT/958 GMT
China's paraxylene imports from South Korea in July jumped 20% from June, amid new PX plant startups in South Korea, data released Friday, August 22, by China's General Administration of Customs showed.
Houston (Platts)--21 Aug 2014 612 pm EDT/2212 GMT
The premium for propane at the US Midcontinent trading hub of Conway over the Mont Belvieu Non-LST price dropped 2.9 cents/gal this week, with sources saying the storage capacity of natural gas liquids producers in the Midcontinent may be reaching its upper limits.
Singapore (Platts)--21 Aug 2014 718 am EDT/1118 GMT
The Asian purified terephthalic acid production margin flipped to positive territory for the first time in almost a year Wednesday, amid a weak feedstock paraxylene market and limited production of PTA, trade sources said Thursday.
Denver (Platts)--20 Aug 2014 447 pm EDT/2047 GMT
India's largest private company, Reliance Industries plans to ship 1.5 million tons/year of ethane from its US shale joint ventures to a chemical complex in the Indian state of Gujarat, it said Wednesday.
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Metals

Pittsburgh (Platts)--22 Aug 2014 457 pm EDT/2057 GMT
ArcelorMittal and SSAB on Friday joined the Nucor-led push for higher steel plate prices.
Singapore (Platts)--22 Aug 2014 556 am EDT/956 GMT
China imported 55.37 million mt of iron ore from Australia in July, up 33.5% year on year and 10% from June, data released Friday by the General Administration of Customs showed.
Singapore (Platts)--22 Aug 2014 553 am EDT/953 GMT
China's bauxite imports plunged 52.3% to 3.1 million mt in July from 6.5 million mt in July 2013, latest General Administration of Customs data showed Friday, August 22.
Pittsburgh (Platts)--21 Aug 2014 614 pm EDT/2214 GMT
While sources in the US sheet steel market reported continued stability Thursday, at least some buy-side sources said they are having trouble guessing what direction the market might turn after the September 1 US Labor Day holiday.
Louisville, Kentucky (Platts)--21 Aug 2014 613 pm EDT/2213 GMT
Former US aluminum producer Ormet posted a modest $53,000 gain in July as the company winds down its 18-month-old Chapter 11 bankruptcy reorganization case in Delaware, according to a Thursday court filing.
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Agriculture

Washington (Platts)--22 Aug 2014 1202 pm EDT/1602 GMT
The US Environmental Protection Agency said Friday it has submitted its final 2014 Renewable Fuel Standard to the White House Office of Management and Budget for review, the final step before the highly anticipated rule goes into force.
Singapore (Platts)--22 Aug 2014 717 am EDT/1117 GMT
Thai consumption of gasoline blends with 20% and 85% ethanol has increased with wider distribution and more E85 cars on the road, a spokeswoman from the Department of Alternative Energy Development and Efficiency (DEDE), said Friday, August 22.
Montreal (Platts)--21 Aug 2014 428 pm EDT/2028 GMT
Anhydrous ethanol from Peru is head to Brazil for the second time this year, sources said Thursday.
Singapore (Platts)--21 Aug 2014 717 am EDT/1117 GMT
Malaysian crude and refined palm oil products exported to India have surged in August as cargoes are increasingly re-routed from China due to a credit squeeze, market sources said Thursday.
Houston (Platts)--20 Aug 2014 536 pm EDT/2136 GMT
US ethanol production for the week ended August 15 moved up 6,000 b/d to 937,000 b/d, helping US ethanol stocks build 491,000 barrels to 8.251 million barrels, US Energy Information Administration data showed Wednesday.
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