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

Oil

Tokyo (Platts)--27 Feb 2017 1104 pm EST/404 GMT
At a meeting studying oil policy, Japan's Ministry of Economy, Trade and Industry on Monday said that it would consider a third round of refining regulations focusing on utilizing refiners' residual cracking capacities.
New York (Platts)--27 Feb 2017 426 pm EST/2126 GMT
Crude futures were little changed Monday with front-month contracts unable to hold onto intraday highs that were near the top end of recent ranges where prices have been hovering.
Abuja (Platts)--27 Feb 2017 625 am EST/1125 GMT
Gabon's oil sector is likely to see more deals this year after French oil group Total agreed to sell its stake in some oil fields and infrastructure to Perenco, while Shell has been looking to dispose of onshore assets.
Singapore (Platts)--27 Feb 2017 316 am EST/816 GMT
FOB Singapore 95/92 RON gasoline spread rebounded Friday to $2.05/b at the close of Asian trade Friday, after having narrowed to a 29-month low of $1.60/b on Thursday, S&P Global Platts data showed.
Washington (Platts)--24 Feb 2017 439 pm EST/2139 GMT
US President Donald Trump Friday said his administration was preparing efforts to expand US oil, natural gas and coal production.
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Natural Gas

Houston (Platts)--27 Feb 2017 423 pm EST/2123 GMT
Canada's Enbridge on Monday completed its acquisition of Houston-based Spectra Energy in a stock-for-stock merger transaction, which is expected to create one of the largest energy infrastructure companies in North America.
Santiago, Chile (Platts)--27 Feb 2017 619 am EST/1119 GMT
Chilean imports of LNG jumped to 263,000 mt in December, a threefold increase from the same month of 2015, government figures showed Friday.
Algiers (Platts)--27 Feb 2017 621 am EST/1121 GMT
Algeria's state-owned Sonatrach is to revise down the duration of its long-term natural gas contracts at the request of "many customers," Sonatrach CEO Amine Mazouzi said on Saturday, underlining the company's commitment to safeguarding market share through customer-focused flexibility.
London (Platts)--24 Feb 2017 903 am EST/1403 GMT
The Dutch Council of State, the country's top administrative court, will hear in May the full slate of appeals against the government's Groningen gas extraction policy, it said Friday.
Singapore (Platts)--23 Feb 2017 1003 pm EST/303 GMT
With domestic production faltering and pipeline import projects still uncertain, Pakistan's dependency on LNG imports is unlikely to fade away, especially since global oversupply and low LNG prices are set to continue helping the country resolve its decade-long energy crisis.
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Electric Power

Washington (Platts)--27 Feb 2017 414 pm EST/2114 GMT
Exelon Generation's 1,268-MW Byron-1 nuclear unit in Byron, Illinois, shut at 12:01 am CST (0601 GMT) Monday for a scheduled refueling and maintenance outage, a company spokeswoman said.
London (Platts)--27 Feb 2017 935 am EST/1435 GMT
Epex Spot's baseload contract for Tuesday delivery fell Eur4.60/MWh on the day as wind started to pick up in Germany, rising to 26 GW during base hours.
Houston (Platts)--24 Feb 2017 436 pm EST/2136 GMT
US coal-fired generation surged in December, replacing natural gas as the nation's leading fuel for power generation for only the second time in 2016, the Energy Information Administration's Electric Power Monthly report showed Friday.
London (Platts)--24 Feb 2017 905 am EST/1405 GMT
UK day-ahead power contracts held steady on Friday as strong wind generation continued to keep the market well supplied.
Louisville, Kentucky (Platts)--22 Feb 2017 626 pm EST/2326 GMT
The Midcontinent Independent System Operator has approved Northern Indiana Public Service's plans to retire two units at its 480-MW Bailly baseload coal-fired plant by mid-2018, part of the planned evolution of the NiSource subsidiary's generation fleet, officials said Wednesday.
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Coal

Barcelona (Platts)--27 Feb 2017 633 am EST/1133 GMT
Spanish thermal coal consumption dropped 23% year on year in 2016 with declines for both domestic and imported coal, data published Friday by the industry body Carbunion showed.
Houston (Platts)--24 Feb 2017 437 pm EST/2137 GMT
Weekly US coal train loading volumes strengthened week on week across all major basins, Surface Transportation Board filings show.
Sydney (Platts)--24 Feb 2017 906 am EST/1406 GMT
Anglo American's Australian Drayton South coal project in the Upper Hunter Valley of New South Wales has once again been rejected by the state's planning commission, the Planning Assessment Commission said Thursday.
New Orleans (Platts)--23 Feb 2017 543 pm EST/2243 GMT
Subsidies for renewable and even nuclear generation are an increasing concern for the US thermal coal industry, Rob Hardman, vice president of fuel supply at Dynegy, said Thursday at the World Trade & Transport Conference in New Orleans, Louisiana.
Singapore (Platts)--23 Feb 2017 237 am EST/737 GMT
Demand for seaborne thermal coal is expected to exceed supply by about 400 million mt by 2030, with new coal-fired electricity capacities coming onstream, according to Noble Group.
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Shipping

Sydney (Platts)--27 Feb 2017 624 am EST/1124 GMT
The vessel queue at the Port Waratah Coal Services terminals at the Port of Newcastle, Australia, was the longest reported in the Hunter Valley Coal Chain Coordinator's weekly report Sunday for six weeks, but it remained short in comparison to last year's queues.
London (Platts's)--24 Feb 2017 521 pm EST/2221 GMT
Freight rates on the grains route from Santos, Brazil to the Far East have increased by $1.50/mt from the beginning of the week to $25.25/mt ahead of the imminent start of the main South American grains export season in March.
Singapore (Platts)--24 Feb 2017 912 am EST/1412 GMT
After posting two consecutive years of record bunker sales, Singapore, the world's top bunkering port, might see a moderation in growth rate in 2017 amid expectations that sales from Russia could rebound following the near-completion of its refinery modernization spree.
Singapore (Platts)--24 Feb 2017 907 am EST/1407 GMT
The Maritime and Port Authority of Singapore has moved to address the concerns of bunker barge operators in Singapore whose tankers were fitted with mass flow meters three years ago and were scheduled for a re-calibration by granting shorter validation extensions through a quicker process.
London (Platts's)--24 Feb 2017 906 am EST/1406 GMT
Freight rates on the grains route from Santos, Brazil to the Far East have increased by $1.50/mt from the beginning of the week to $25.25/mt ahead of the imminent start of the main South American grains export season in March.
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Petrochemicals

Houston (Platts)--27 Feb 2017 411 pm EST/2111 GMT
Braskem Idesa will implement a $125/mt increase on all polyethylene grades sold in Mexico effective March 1, a source with knowledge of business operations said on Monday.
Singapore (Platts)--27 Feb 2017 626 am EST/1126 GMT
Japanese producer Idemitsu Kosan became the first producer to renominate its March paraxylene Asia Contract Price, dropping its second nomination $40/mt below its initial nomination to $940/mt CFR, a company source said Monday.
London (Platts)--27 Feb 2017 626 am EST/1126 GMT
Butyl acetate prices in most of Europe are being offered at a steep premium to Northwest European rates, according to market sources.
Calgary (Platts)--24 Feb 2017 508 pm EST/2208 GMT
Canadian midstream operator Pembina Pipeline Corp will take a decision by the end of first quarter whether to carry out front-end engineering and design work for a petrochemical complex it plans to build in Alberta, a company official said Friday.
London (Platts)--24 Feb 2017 913 am EST/1413 GMT
European benzene and styrene prices were rebounding strongly Friday from a mid-week lull tracking bullishness in the Asia market, S&P Global Platts data showed.
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Metals

Santiago (Platts)--27 Feb 2017 420 pm EST/2120 GMT
Heavy rains and flooding across Chile have slowed mining activity in the copper-rich north of the country, the government said Monday, with the northern region of Antofagasta the worst affected.
London (Platts)--27 Feb 2017 616 am EST/1116 GMT
Molybdenum prices were lower Friday as sources said there were very few inquiries in a dull market.
London (Platts)--27 Feb 2017 617 am EST/1117 GMT
Turkish ferrous scrap coasted sideways on Friday, as a barrage of trading showed a comfortable range for Baltic and European sellers through the week.
Sydney (Platts)--27 Feb 2017 615 am EST/1115 GMT
The Platts Australian alumina daily assessment ticked up 50 cents/mt on Monday to $349/mt FOB.
Singapore (Platts)--27 Feb 2017 614 am EST/1114 GMT
China imported 398,568 mt of copper concentrate from Peru in January, up 27% year on year, latest data released over the weekend by the General Administration of Customs showed.
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Agriculture

Houston (Platts)--27 Feb 2017 412 pm EST/2112 GMT
The amount of US corn inspected for export in the week ended Thursday rose 25% week on week to 1.461 million mt, US Department of Agriculture data showed Monday.
Singapore (Platts)--27 Feb 2017 321 am EST/821 GMT
China's ethanol imports in January plunged 98% month on month to a three-month low of 2,415 cu m, according to data released by the General Administration of Customs on February 25.
San Diego (Platts)--24 Feb 2017 655 pm EST/2355 GMT
The US ethanol market is ready to stand without support from government regulations and the Renewable Fuel Standard shoud be repealed, Chet Thompson, president of the American Fuel and Petrochemicals Manufacturers organization, said this week in an interview with S&P Global Platts.
London (Platts)--24 Feb 2017 918 am EST/1418 GMT
The European biodiesel premiums to ICE gasoil futures reached a more than seven-month low on Thursday as global vegoils continued their downtrend and gasoil rose on the day, leaving the BO-GO spread down $19.98/mt to $213.64/mt, a drop of 8.6% on the day and almost 14% on the week.
Houston (Platts)--23 Feb 2017 532 pm EST/2232 GMT
Chicago Board of Trade front-month soybean oil futures Thursday reached their lowest level since September 16, 2016, due in part to expectations of a large crop in South America.
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