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Oil

Houston (Platts)--23 Aug 2016 541 pm EDT/2141 GMT
The spread between RBOB and CBOB on the US Atlantic Coast fell to its narrowest point in almost five months Tuesday as blenders begin to their shift their attention to winter-grade blendstocks and restrict supplies of summer-grade CBOB, a market source said.
Baghdad (Platts)--23 Aug 2016 856 am EDT/1256 GMT
Iraq is asking foreign oil companies to push forward on oil field development despite low oil prices, according to a letter sent Monday by oil minister Jabbar al-Luaibi to the oil companies.
Singapore (Platts)--23 Aug 2016 313 am EDT/713 GMT
More than 15 years after ExxonMobil discovered the Banyu Urip oil field, Indonesia is finally reaping the benefits from it as crude production from the field moves closer to peak levels, prompting the OPEC member to launch exports of the low sulfur grade to key Asian markets.
Houston (Platts)--22 Aug 2016 411 pm EDT/2011 GMT
Wednesday's US Western Gulf of Mexico Lease Sale will likely be a modest event in light of the industry downturn, even though it will feature more than twice the number as last year of long off-the-market blocks.
London (Platts)--22 Aug 2016 910 am EDT/1310 GMT
Kazakhstan's naphtha-rich CPC crude saw its differentials reach a two-month low on Friday, as sweet crude differentials in the Mediterranean have dipped on weak refinery margins and as condensates offers from the US into Europe have added to the perception of a well-supplied market.
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Natural Gas

Mexico City (Platts)--23 Aug 2016 538 pm EDT/2138 GMT
A total of 12 onshore oil and natural gas blocks will be on offer in the second auction of Round Two of Mexico's energy reform, the energy ministry announced Tuesday.
Kiev (Platts)--23 Aug 2016 920 am EDT/1320 GMT
Naftogaz Ukrayiny, Ukraine's national energy company, said Russian company Gazprom has reduced the pressure in pipelines carrying its natural gas to markets in Europe for the second time in a month.
Buenos Aires (Platts)--22 Aug 2016 407 pm EDT/2007 GMT
Argentina's government may consider raising natural gas bills on households by less than a previously proposed 400% as it seeks to rebuild gas production to reduce imports, Cabinet Chief Marcos Pena said.
London (Platts)--22 Aug 2016 912 am EDT/1312 GMT
Dutch TTF and German gas prices soared Monday recovering losses from Friday as UK NBP gains and strong crude prices fueled a reversal of last week's bearish sentiment, traders said.
London (Platts)--22 Aug 2016 644 am EDT/1044 GMT
The first cargo of US LNG to target the world's biggest LNG demand center in northeast Asia arrived Monday at the Chinese port of Yantian, according to cFlow, Platts trade flow software.
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Electric Power

Houston (Platts)--23 Aug 2016 540 pm EDT/2140 GMT
Higher natural gas prices boosted Midcontinent Independent System Operator power prices from June to July, and heavier loads pushed this July's prices above those of July 2015, stakeholders learned Tuesday.
London (Platts)--23 Aug 2016 924 am EDT/1324 GMT
UK day-ahead power contracts moved higher Tuesday as supply was expected to tighten amid easing day-ahead wind and nuclear availability.
Portland, Maine (Platts)--23 Aug 2016 858 am EDT/1258 GMT
The California Independent System Operator is asking federal regulators to make permanent several bidding rules and commitment cost enhancements that were approved on an interim basis to address the effective shutdown of the Aliso Canyon natural gas storage facility.
London (Platts)--22 Aug 2016 911 am EDT/1311 GMT
The UK's National Grid has decided not to procure additional power reserves from the Demand Side Balancing Reserve (DSBR) market for winter 2016/17 due to a lack of interest, the network operator said Monday.
London (Platts)--19 Aug 2016 813 am EDT/1213 GMT
The UK Institute of Directors, a body representing business chiefs, on Friday slammed successive governments for failing to deliver secure, affordable and competitively priced energy.
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Coal

Louisville, Kentucky (Platts)--23 Aug 2016 537 pm EDT/2137 GMT
Citing "ongoing weakness" in Appalachian thermal coal markets, Rhino Resource Partners agreed Tuesday to sell its underperforming Elk Horn coal-leasing company in eastern Kentucky for $12.5 million cash to an unidentified third party.
Houston (Platts)--22 Aug 2016 405 pm EDT/2005 GMT
Peabody Energy and Alpha Natural Resources each lost about $56 million in July as the companies continued to reorganize from Chapter 11 bankruptcy, court documents filed late last week show.
Tel Aviv (Platts)--22 Aug 2016 913 am EDT/1313 GMT
State-owned utility Israel Electric Corp's consumption of coal in the first half was 19% lower year on year at 4.3 million mt, the company said.
Hunan, China (Platts)--22 Aug 2016 324 am EDT/724 GMT
Combined coal stocks at China's key Bohai Sea ports -- Qinhuangdao, Caofeidian, Jingtang and Tianjin -- totaled 10.921 million mt as of August 21, up 11.5% from 9.795 million mt a week ago, according to figures released by port operator Qinhuangdao Port Monday.
Houston (Platts)--19 Aug 2016 508 pm EDT/2108 GMT
US weekly coal train loadings from the Powder River Basin remained elevated, but slid from a nine-month-high mark.
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Shipping

Houston (Platts)--23 Aug 2016 541 pm EDT/2141 GMT
Bunker fuel prices in Valparaiso, Chile, climbed Tuesday to its highest level in almost a year on firm buying interest coupled with a hike in fuel oil prices by Chilean refiner ENAP.
London (Platts)--23 Aug 2016 925 am EDT/1325 GMT
Danish bunker fuel company Monjasa said a new $80 million loan from French bank Societe General will underpin its recent growth and help it expand.
Singapore (Platts)--23 Aug 2016 857 am EDT/1257 GMT
The Singapore bunker industry has a new group, the Association of Bunker Industry (Singapore) to address the needs of the industry, ABIS said Tuesday.
Sydney (Platts)--22 Aug 2016 333 am EDT/733 GMT
The number of vessels queuing at the Port Waratah Coal Services terminals has surged in recent weeks following stronger demand for the commodity, a spokesman for PWCS said Monday.
London (Platts)--19 Aug 2016 832 am EDT/1232 GMT
An increase in eastbound long-haul grain and petcoke cargoes from the US Gulf Coast has triggered a rebound in Handysize and Supramax freight rates in this key loading area this week.
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Petrochemicals

London (Platts)--23 Aug 2016 927 am EDT/1327 GMT
Spot European ethylene spot prices have been fairly stable in August, bucking the general trend of a fall over the summer-vacation period, tracking feedstock naphtha higher and in anticipation of upcoming cracker outages, sources said.
Houston (Platts)--22 Aug 2016 408 pm EDT/2008 GMT
The September US butadiene contract price is expected to see a rollover or increase slightly from August's 34-41 cents/lb ($750-$904/mt) split settlement, sources said Monday.
Houston (Platts)--19 Aug 2016 513 pm EDT/2113 GMT
Colombia's state-owned Ecopetrol will shut its low-density polyethylene line at Barrancabermeja for maintenance in late August, a company spokesman said Friday.
London (Platts)--19 Aug 2016 818 am EDT/1218 GMT
A lengthening styrene market in Europe has supported exports in August, market sources said this week.
Houston (Platts)--19 Aug 2016 817 am EDT/1217 GMT
US spot ethylene Thursday reached its highest level since late July 2015 following talks of extended outage, two ongoing planned turnarounds, two restarts and two upcoming turnarounds at steam crackers, as well as murmurs of short-covering, sources said.
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Metals

Sao Paulo (Platts)--23 Aug 2016 545 pm EDT/2145 GMT
Steel rebar deliveries in Chile totaled 44,059 mt in June, up 31.9% from 33,411 mt in the same month in 2015, Chilean Construction Chamber data showed Tuesday.
London (Platts)--23 Aug 2016 930 am EDT/1330 GMT
The London Metal Exchange has temporarily reduced its ring trading fees for the month of August as a "goodwill gesture" to the membership after building issues forced the open-outcry ring to relocate to a back-up site, the LME said Monday.
London (Platts)--23 Aug 2016 929 am EDT/1329 GMT
The direct impact of the G-20 meeting on China's iron ore market is "tiny," but combined with lower construction activity it could cause a sell-off in futures, Morgan Stanley said in a research note Tuesday.
Singapore (Platts)--23 Aug 2016 928 am EDT/1328 GMT
Chinese spot alumina prices firmed further Tuesday as market sentiment remained strong and offer levels continued to rise, sources said.
Louisville, Kentucky (Platts)--22 Aug 2016 437 pm EDT/2037 GMT
US aluminum producer Noranda Aluminum, continuing to unwind its business in federal bankruptcy court, has agreed to sell an unspecified amount of magnesium alloys to Portland, Oregon-based Leeds Northwest LLC, a new court filing says.
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Agriculture

Houston (Platts)--23 Aug 2016 544 pm EDT/2144 GMT
Chicago Argo ethanol has maintained a single-digit discount to Chicago CBOB gasoline for most of August, S&P Global Platts data showed Tuesday, but the discount is having little effect on refiners and blenders, sources said.
Washington (Platts)--23 Aug 2016 1025 am EDT/1425 GMT
Growing pressure for a federal probe of the opaque market underpinning the Renewable Fuel Standard could bolster efforts to dramatically reform the landmark biofuels policy.
Santos, Brazil (Platts)--23 Aug 2016 918 am EDT/1318 GMT
The atypical import of ethanol by fuel distributors into Brazil's Northeast when sugarcane season is already underway -- and, along with it, domestic ethanol production -- has producers frustrated and seeking solutions, the head of a key trade group said.
London (Platts)--22 Aug 2016 404 pm EDT/2004 GMT
The strength of Brazil's industrial ethanol complex compared with Pakistan's is seeing Korean end-users seek out supply from Pakistan, trading sources said Monday.
London (Platts)--22 Aug 2016 657 am EDT/1057 GMT
European demand for UCOME has seen producers enjoying a seller's market for the first time this year, sources said Friday.
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