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Oil

London (Platts)--16 Apr 2014 722 am EDT/1122 GMT
The CIF Northwest Europe naphtha cargo physical premium over the balance-month and the front-month swaps fell Tuesday to respectively $2.25/mt and $13.75/mt, their lowest level in April, according to Platts data.
Tokyo (Platts)--16 Apr 2014 548 am EDT/948 GMT
Astomos Energy, Japan's top LPG supplier, said Wednesday it has concluded additional contracts with US' Enterprise Product Partners, including a deal to buy 500,000 mt/year of US LPG over 2019-21.
Washington (Platts)--15 Apr 2014 128 pm EDT/1728 GMT
The Obama administration said on Tuesday it will put more than 21 million acres in the western Gulf of Mexico up for auction in a lease sale planned for August.
London (Platts)--15 Apr 2014 748 am EDT/1148 GMT
The European fuel oil complex saw crack spreads soften Monday amid a wider strengthening in crude prices, as well as a lack of high sulfur fuel oil arbitrage to Asia and a cooling of low sulfur fuel oil buying interest in Northwest Europe, sources said.
Singapore (Platts)--15 Apr 2014 613 am EDT/1013 GMT
The timespread for 500 ppm gasoil swaps in Singapore widened to a four-month high of 83 cents/barrel for May/June Monday, reflecting a tighter market during the regional refinery maintenance season, a narrowing East/West spread and expectations for higher demand during Ramadan and summer, sources said Tuesday.
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Natural Gas

London (Platts)--16 Apr 2014 758 am EDT/1158 GMT
Natural gas demand in Italy in March fell by almost 24% year on year to 6.026 billion cubic meters, gas and power exchange manager GME said Tuesday.
Atlanta (Platts)--15 Apr 2014 127 pm EDT/1727 GMT
Natural gas price volatility seen in the US this past winter resulted from more reliance on gas than ever before because of prolific supply, while not taking into account a lack of infrastructure to get that supply to markets, an industry panel said at the LDC Gas Forum-Southeast in Atlanta.
London (Platts)--15 Apr 2014 926 am EDT/1326 GMT
RWE is the first European supplier to start gas deliveries to Ukraine in 2014, the German energy company said Tuesday.
Tokyo (Platts)--15 Apr 2014 717 am EDT/1117 GMT
Osaka Gas, Japan's second-largest city gas utility, intends to make the best "strategic" use of LNG from the US Freeport LNG export project, including possibly trading put or call options internationally, with a goal of maximizing supply flexibility, a senior company official said Tuesday.
Washington (Platts)--14 Apr 2014 543 pm EDT/2143 GMT
Natural gas production from the Marcellus Shale in May is expected to rise 253,000 Mcf/d above April levels and move closer to the 15 Bcf/d mark, the US Energy Information Administration said Monday in its monthly report on drilling productivity.
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Electric Power

London (Platts)--16 Apr 2014 800 am EDT/1200 GMT
German power plant operators have filed applications for the closure of 46 power generation units with a combined capacity of 7,740 MW, German grid regulator BNetzA said.
Washington (Platts)--15 Apr 2014 109 pm EDT/1709 GMT
In a big defeat for US coal-fired electricity generators, a federal appeals court on Tuesday upheld a major Obama administration air-quality regulation that -- along with cheap natural gas prices -- has prompted power companies to retire thousands of megawatts of coal-fired generating capacity in the last few years.
London (Platts)--15 Apr 2014 929 am EDT/1329 GMT
German day-ahead baseload power prices rose 28% Tuesday as wind power output was forecast to plunge further from Monday's near-record levels, while a strong solar power forecast saw peakload spot prices settle below baseload on the exchange.
Washington (Platts)--14 Apr 2014 533 pm EDT/2133 GMT
The US Nuclear Regulatory Commission has begun a special inspection at Global Nuclear Fuel-America's fuel fabrication facility in Wilmington, North Carolina, "to review the circumstances surrounding the discovery in late March that some safety equipment was unavailable or unreliable," NRC said Monday in a statement.
London (Platts)--14 Apr 2014 745 am EDT/1145 GMT
Prompt power prices traded up around 4% from Friday's lows Monday morning as strong wind power generation is set to plummet amid stronger nuclear output, while NBP gas prices rise to add further support, market sources said.
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Coal

Madrid (Platts)--16 Apr 2014 728 am EDT/1128 GMT
Spain's Industry Ministry published Tuesday its 2014 subsidy scheme for domestic coal miners for a total of Eur106.8 million ($147.8 million), which follows the recent award of 2013 subsidies for Eur74.5 million.
London (Platts)--16 Apr 2014 727 am EDT/1127 GMT
Two more Indian companies have joined globalCOAL as market members, the online coal trading company said Wednesday.
Louisville, Kentucky (Platts)--15 Apr 2014 632 pm EDT/2232 GMT
With record ice levels on the Great Lakes still affecting barge shipping, We Energies last week was forced to haul coal by truck from Marquette, Michigan, to the utility's 431-MW Presque Isle coal-fired power plant in the state's Upper Peninsula, a utility spokesman said Tuesday.
Singapore (Platts)--15 Apr 2014 718 am EDT/1118 GMT
Chinese inquiries for imported thermal coal have picked up amid stabilizing domestic prices and lower freight rates, but a wide bid-offer spread continues to deter spot deals, sources said Tuesday.
London (Platts)--15 Apr 2014 646 am EDT/1046 GMT
The long-term outlook for European thermal coal market pricing remains constrained due to both structural and cyclical factors, analysts at Standard Bank said in a quarterly research note published late Monday.
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Shipping

Singapore (Platts)--16 Apr 2014 723 am EDT/1123 GMT
Japan's bonded bunker fuel sales edged up 0.2% year on year to 1.91 million barrels (304,341 kl) in February, data released Wednesday by the Ministry of Economy, Trade and Industry showed.
Houston (Platts)--15 Apr 2014 630 pm EDT/2230 GMT
The US fuel oil up-down flipped to negative territory Tuesday for the first time in three months, which could see more cargoes of high sulfur fuel oil coming to the Gulf Coast, sources said.
London (Platts)--15 Apr 2014 930 am EDT/1330 GMT
Gibraltar high sulfur 380 CST bunker fuel prices fell to a $6/mt premium to the same fuel in the bunkering hub of Rotterdam on Monday, the lowest differential in four months.
Anchorage (Platts)--14 Apr 2014 248 pm EDT/1848 GMT
ConocoPhillips will restart its mothballed liquefied natural gas plant near Kenai, Alaska, and will resume LNG shipment in May, a company spokeswoman said Monday.
Singapore (Platts)--14 Apr 2014 546 am EDT/946 GMT
A rise in bunker fuel supply in South Korea narrowed the 380 CST bunker fuel premium over Mean of Platts Singapore 380 CST high sulfur fuel oil assessment to a seven-month low of $20.79/mt last Friday.
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Petrochemicals

London (Platts)--16 Apr 2014 722 am EDT/1122 GMT
The Northwest European styrene monomer/benzene spread rallied to a month-high Tuesday of $203/mt on stronger styrene, rebounding from a one-year low of $148/mt established April 4 but still representing deeply negative production margins, Platts data showed.
Houston (Platts)--15 Apr 2014 1205 pm EDT/1605 GMT
US April propylene contract prices settled 1 cent/lb ($22/mt) lower than March's contract prices, sources said Tuesday.
London (Platts)--15 Apr 2014 720 am EDT/1120 GMT
An initial Northwest European paraxylene contract price for April has settled at Eur925/mt FD NWE ($1,277.62/mt), market sources said Tuesday.
Houston (Platts)--14 Apr 2014 535 pm EDT/2135 GMT
The FOB US Gulf methanol spot assessment fell to a seven-month low of $1.42/gal ($472.86/mt) Monday as imports reached US shores and spot buyers were difficult to find in the US market, sources said.
Singapore (Platts)--14 Apr 2014 1106 am EDT/1506 GMT
Seepage of residual oil previously leaked from PetroChina Lanzhou Petrochemical Co.'s 10.5 million mt/year (210,000 b/d) integrated refinery and petrochemical complex into the water source for water works was behind the unusually high benzene level in tap water in China's Lanzhou city, local media reported Monday.
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Metals

London (Platts)--16 Apr 2014 725 am EDT/1125 GMT
US investment bank Goldman Sachs said Wednesday it has upgraded its three-month and six-month nickel price forecasts on the back of the Indonesian ban on nickel ore exports.
Melbourne (Platts)--16 Apr 2014 726 am EDT/1126 GMT
BHP Billiton has lifted its production guidance for Western Australian iron ore to 217 million mt for the 12 months to June 30, up by 5 million mt from its earlier estimate, the Melbourne-based miner said Wednesday.
Pittsburgh (Platts)--15 Apr 2014 504 pm EDT/2104 GMT
US service center inventories of steel products contracted in March, while Canadian steel inventories rose to their highest level since June 2013, according to Metals Service Center Institute data published Tuesday.
Sao Paulo (Platts)--15 Apr 2014 421 pm EDT/2021 GMT
Vale has secured a Real 6.2 billion ($2.7 billion) financing contract from Brazil's development bank BNDES to implement its massive Carajas iron ore project, the company said Tuesday.
London (Platts)--15 Apr 2014 620 am EDT/1020 GMT
Russian aluminium producer Rusal said Tuesday it will start trial production of red mud-based flux additives at its Urals aluminium smelter (UAZ) from its new red mud recycling process.
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Agriculture

Houston (Platts)--15 Apr 2014 418 pm EDT/2018 GMT
Most US ethanol prices slid Tuesday to their lowest levels in more than four weeks as stalling buying interest combined with firming supplies, sources said.
Rio de Janeiro (Platts)--15 Apr 2014 1208 pm EDT/1608 GMT
Ethanol output in Brazil's key center-south region was 167.854 million liters (44.342 million gallons) in the second half of March, up 665% from the first half of the month, according to data released Tuesday by trade group Unica.
Singapore (Platts)--15 Apr 2014 624 am EDT/1024 GMT
Malaysia's export tax on crude palm oil will remain at 5.5% for May, unchanged from April, the Malaysia Palm Oil Board's website showed Tuesday.
Houston (Platts)--14 Apr 2014 535 pm EDT/2135 GMT
Ethanol RINs generated by the US Environmental Protection Agency in March rose 111.2 million RINs, or 10.6%, to 1.16 billion RINs, EPA data showed Monday.
London (Platts)--14 Apr 2014 905 am EDT/1305 GMT
Biofuels are "a low hanging fruit in the fight against climate change and must be supported through long-term and ambitious decarbonization policies for transport," ePure, a lobby group of European fuel-ethanol producers said Monday.
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