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New York (Platts)--26 Nov 2014 411 pm EST/2111 GMT
Crude futures settled lower Wednesday after remarks by Saudi Arabian oil minister Ali Naimi in Vienna were interpreted as a sign the world's top exporter would not seek a production cut at Thursday's OPEC summit.
Washington (Platts)--26 Nov 2014 100 pm EST/1800 GMT
The National Ocean Industries Association, a key offshore drilling group, calls it overkill.
Singapore (Platts)--26 Nov 2014 912 am EST/1412 GMT
Japan's LPG stocks inched 0.05% lower month on month to 2.17 million mt in October, down for the the first time after rising for five straight months, as demand increased along with higher imports, data released by the Japan LPGas Association Wednesday showed.
Vienna (Platts)--26 Nov 2014 545 am EST/1045 GMT
Angola's oil minister Jose Maria de Vasconcelos said Wednesday that OPEC would reach a decision at its meeting Thursday that would "change the situation," but declined to be drawn on whether the group should cut production.
Vienna (Platts)--26 Nov 2014 544 am EST/1044 GMT
Iranian oil minister Bijan Zanganeh said Wednesday, November 26, that Iran would not cut its oil production regardless of what OPEC ministers decide at a meeting on Thursday because output from the Islamic Republic is already significantly reduced.
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Natural Gas

Sydney (Platts)--27 Nov 2014 1217 am EST/517 GMT
Australian junior Drillsearch Energy has made a new wet gas discovery at the Varanus South-1 well on the western flank of the onshore Cooper Basin, the company said Thursday, November 27.
Jerusalem (Platts)--26 Nov 2014 914 am EST/1414 GMT
Israel's finance ministry has approved a proposed model for gas export tax, Finance Minister Yair Lapid said on Tuesday.
Sydney (Platts)--26 Nov 2014 433 am EST/933 GMT
The Gladstone LNG project in the eastern Australian state of Queensland will start producing in the second half of 2015, executives at operator Santos said at an investor briefing Wednesday, November 26.
Denver (Platts)--25 Nov 2014 221 pm EST/1921 GMT
NYMEX December natural gas futures were trading 3.5 cents higher to $4.186/MMBtu at 12:06 pm EST (1706 GMT) Tuesday with the contract expiring at the end of the session and as the market considered the season's first significant snow on the way for coastal areas of the Northeast.
London (Platts)--25 Nov 2014 807 am EST/1307 GMT
Dutch and German gas prices are building on the previous session's gains Tuesday, with bullish NBP markets again the driving force as cold UK weather continues.
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Electric Power

Washington (Platts)--26 Nov 2014 102 pm EST/1802 GMT
The US Environmental Protection Agency on Wednesday proposed to strengthen standards for smog pollution, a move that could have wide-ranging ramifications for the power, gas and fuel sectors.
London (Platts)--26 Nov 2014 913 am EST/1413 GMT
UK prompt power prices edged higher on Wednesday taking a cue from a bullish spot gas market, while wind power output is forecast to increase, which would widen surplus margins.
Boston (Platts)--25 Nov 2014 224 pm EST/1924 GMT
The amount of solar generating capacity in Texas will continue to grow quickly, particularly if energy storage becomes commonplace, but a recent study's suggestion that 20% of the state's power could come from solar by 2025 is "pretty ambitious," the head of the state's power generation group said Tuesday.
Washington (Platts)--25 Nov 2014 222 pm EST/1922 GMT
The daily spot price of uranium was $38.75 per pound U3O8 Monday, down $5 from November 18, following a week when the market -- which had changed in mainly 25-cent increments earlier this year -- moved as much as $3.50/lb in a day, according to price reporter TradeTech.
London (Platts)--25 Nov 2014 928 am EST/1428 GMT
German prompt power prices dropped Tuesday as wind power was forecast to rebound, while the year-ahead contract continued its upward trend on the back of rising costs for carbon and coal, according to sources.
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Singapore (Platts)--26 Nov 2014 916 am EST/1416 GMT
Coal output in China's Shanxi province rose 12.96% month on month and edged up 0.15% year on year to 81.43 million mt in October, reversing a three-month decline, latest Shanxi Coal Industry Administration data showed Wednesday.
London (Platts)--25 Nov 2014 705 am EST/1205 GMT
Combined coal stocks at three delivery terminals in western Europe's Amsterdam-Rotterdam-Antwerp trading hub dropped to their lowest level in six weeks to 6 million mt, according to data collected from port sources Tuesday.
London (Platts)--25 Nov 2014 702 am EST/1202 GMT
Germany's utility lobby group BDEW sees no space currently for power plant operators to cut emissions unilaterally without fundamental reform of the power market, it said in a statement Monday evening after talks with Germany's energy minister in Berlin.
Perth (Platts)--25 Nov 2014 254 am EST/754 GMT
Mining majors Peabody Energy and Glencore have agreed to form a 50:50 joint venture to develop a new coal project between their Wambo and United coal mines in eastern Australia, the companies said in separate statements Tuesday, November 25.
London (Platts)--24 Nov 2014 144 pm EST/1844 GMT
The relationship between the thermal coal and the crude oil markets becomes stronger during periods when pricing is driven to extreme highs or lows, according to research by French investment bank Societe Generale Monday.
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Singapore (Platts)--26 Nov 2014 918 am EST/1418 GMT
PwC and ING Bank NV have reached an agreement on the handling of Danish fuel supplier OW Bunker's Danish assets, following the company's collapse, PwC said in an email statement late Wednesday.
London (Platts)--26 Nov 2014 919 am EST/1419 GMT
Northwest European marine gasoil demand is increasing ahead of new sulfur rules within Emission Control Areas from next year, bunker traders said.
Houston (Platts)--25 Nov 2014 305 pm EST/2005 GMT
Global bunker supplier Aegean Marine will take advantage of the recent collapse of competitor OW Bunker by entering two new markets in the next several months, the company's president said Tuesday.
Houston (Platts)--24 Nov 2014 142 pm EST/1842 GMT
Bunker fuel deliveries at the Los Angeles-Long Beach port complex surpassed 1 million barrels for the sixth consecutive month in September, data provided by the ports showed.
London (Platts)--24 Nov 2014 907 am EST/1407 GMT
Italian refiner Eni has provisionally booked an Aframax vessel to load an 80,000 mt cargo of Iraqi crude from the Turkish port of Ceyhan, shipping sources said Monday, the first such cargo from the port since Baghdad and Erbil agreed to sell 150,000 b/d worth of Kurdish-produced crude through Iraq's state-owned marketing agent SOMO earlier this month.
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Singapore (Platts)--27 Nov 2014 1215 am EST/515 GMT
Asian styrene monomer prices tumbled to more than four-year lows as the market struggled with tight credit policies in China, plunging crude, non-performance among traders, and weakening downstream demand, trade sources said Thursday, November 27.
Houston (Platts)--26 Nov 2014 105 pm EST/1805 GMT
Formosa Plastics Corp USA will raise its liquid caustic soda prices by $45/dry st effective immediately or as contract terms allow, the company said in a notice to its customers obtained by Platts Wednesday.
London (Platts)--26 Nov 2014 921 am EST/1421 GMT
The discount of the CIF NWE propane cargo swap to the equivalent naphtha cargo swap will remain over $100/mt through to next year, according to trading sources Wednesday, as both markets grapple with tepid regional demand and difficult export economics.
Singapore (Platts)--26 Nov 2014 345 am EST/845 GMT
The Asian MTBE factor, which measures the ratio between octane-raiser MTBE and 92 RON gasoline, was hovering at a five-year high Wednesday, November 26, amid keen buying interest and tight supply.
Houston (Platts)--25 Nov 2014 417 pm EST/2117 GMT
The push to lower North American polyethylene contract prices in November continued to build steam Tuesday, with market sources saying multiple producers had agreed to a 3-cent/lb ($66/mt) decrease.
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Sao Paulo (Platts)--26 Nov 2014 103 pm EST/1803 GMT
Brazilian ferrous scrap sales in 2014 are expected to shrink from 5% to 10% compared with 2013, the National Institute of Ferrous Scrap, or Inesfa, said Wednesday.
London (Platts)--26 Nov 2014 923 am EST/1423 GMT
Global unwrought aluminum inventories at the end of October were up 31,000 mt from September and up 297,000 mt from October 2013, according to figures released Wednesday by the International Aluminium Institute.
London (Platts)--26 Nov 2014 922 am EST/1422 GMT
Manganese ore prices to China fell Wednesday as demand remained thin and buyers said there was little interest in seaborne ore without discounts.
Singapore (Platts)--26 Nov 2014 426 am EST/926 GMT
Domestic spot prices of 50% Cr Chinese high-carbon ferrochrome rose to Yuan 6,300-6,450/mt (equivalent to 78-79.5 cents/lb) on Wednesday, November 26, up from Yuan 6,200-6,400/mt a week ago, after suppliers raised selling prices in line with higher December purchase values set by major steelmakers.
Sao Paulo (Platts)--25 Nov 2014 219 pm EST/1919 GMT
Brazilian steelmaker and mining company Gerdau is considering putting iron ore exports on hold in 2015, the company's CFO said in a meeting with analysts Tuesday.
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Lausanne, Switzerland (Platts)--26 Nov 2014 924 am EST/1424 GMT
The Argentine government has issued corn export licenses for 15.444 million mt since the beginning of the 2014-2015 marketing year on March 1 through November 20, up 123% year on year, the Argentine Exchange Bolsa de Buenos Aires said Wednesday.
Singapore (Platts)--26 Nov 2014 542 am EST/1042 GMT
Biodiesel exports from Indonesia and Malaysia fell 19.9% month on month to 57,902 mt in the first 25 days of November, data by cargo surveyor Intertek released Wednesday, November 26, showed.
Houston (Platts)--25 Nov 2014 427 pm EST/2127 GMT
Most US ethanol assessments hit their highest levels in at least seven months Tuesday ahead of possibly more bullish weekly data from the US Energy Information Administration.
Singapore (Platts)--25 Nov 2014 430 am EST/930 GMT
China imported 51,507 mt of biodiesel in October, down 58.32% from September, data released over the weekend by the General Administration of Customs showed.
Houston (Platts)--20 Nov 2014 128 pm EST/1828 GMT
Weekly net export sales of US corn for the reporting week ended November 13 rose to a four-week high, US Department of Agriculture data showed Thursday.
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