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

Oil

London (Platts)--23 Mar 2017 1019 am EDT/1419 GMT
ExxonMobil's French downstream subsidiary Esso SAF said Thursday its two French refineries operated at 85% of their utilization rate for most of last year, with operations having improved in the second half.
Singapore (Platts)--23 Mar 2017 238 am EDT/638 GMT
Thailand's PTT Exploration and Production and Japan Oil, Gas and Metals National Corporation, or Jogmec, are teaming up in research and technology development to improve production efficiency at PTTEP's oil and gas exploration and production projects, PTTEP said in a statement Thursday.
Houston (Platts)--22 Mar 2017 538 pm EDT/2138 GMT
Citgo imported nearly 500,000 barrels of Ghanaian crude into the US Gulf Coast earlier this month, only the second time crude from that West African country has made it to the region, according to US government data and market sources Wednesday.
London (Platts)--22 Mar 2017 938 am EDT/1338 GMT
Geopolitical rivals Saudi Arabia and Iran may be headed for another OPEC showdown, as the producer group enters negotiations over extending oil production cuts in force since January.
London (Platts)--22 Mar 2017 742 am EDT/1142 GMT
Nigerian crude from South Africa's Saldanha Bay storage site has come into the market, adding to the glut of Nigerian crude available in the April program, according to trading sources.
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Natural Gas

London (Platts)--23 Mar 2017 1020 am EDT/1420 GMT
Dutch and German day-ahead gas prices were weaker Thursday morning with lower demand expectations and forecast temperatures at or above seasonal norms.
Singapore (Platts)--23 Mar 2017 530 am EDT/930 GMT
Japan's JERA Co, South Korea's Korea Gas Corp, and China National Offshore Oil Corp have signed a memorandum of understanding to discuss opportunities of collaboration in the LNG business, according to a statement by JERA on Thursday.
London (Platts)--22 Mar 2017 534 pm EDT/2134 GMT
The Intercontinental Exchange is to launch the first ever US LNG futures contract in May this year, it said Wednesday.
London (Platts)--22 Mar 2017 744 am EDT/1144 GMT
The EU Council on Tuesday approved the establishment of a mechanism that will allow Brussels to assess intergovernmental energy contracts with non-EU member states before they are signed.
Sydney (Platts)--22 Mar 2017 542 am EDT/942 GMT
Western Australia is unlikely to see another large greenfield LNG development given the unstable fiscal landscape and Chevron plans to focus its attention on the completion of its Gorgon and Wheatstone projects, the company's managing director of its Australian arm Nigel Hearne said Tuesday.
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Electric Power

London (Platts)--23 Mar 2017 1022 am EDT/1422 GMT
Day-ahead power prices in the UK were little changed to mixed Thursday as weakening wind output and power demand coupled with forecasts for increasing solar output pushed the prompt market in different directions.
Louisville, Kentucky (Platts)--23 Mar 2017 811 am EDT/1211 GMT
Duke Energy Ohio's latest wholesale power auction, which cleared at $50.71/MWh and whose results were unanimously accepted Wednesday by the Ohio Public Utilities Commission, continued a year-long trend of a gradual increase in prices in the Duke Energy subsidiary's competitive bidding process to serve non-shopping customers.
London (Platts)--22 Mar 2017 749 am EDT/1149 GMT
Europe's traditional power utility business model is undergoing a revolution across Western Europe as the continued drop in the costs of renewables, batteries and new technology drive decentralization of the power system, a key Vattenfall official said Wednesday.
Houston (Platts)--21 Mar 2017 545 pm EDT/2145 GMT
The Midcontinent Independent System Operator's latest projected reserve margin for this summer is bigger than previous estimates, mainly as load growth has slowed and demand response resources have grown, stakeholders learned Tuesday.
Berlin (Platts)--21 Mar 2017 906 am EDT/1306 GMT
German federal and local governments need to ensure that costs for revamping the country's energy system are kept as low as possible to ensure public acceptance of the process, the CEO of 50 Hertz said Tuesday.
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Coal

Hunan, China (Platts)--23 Mar 2017 1022 am EDT/1422 GMT
Combined coal stocks held by China's six leading power generators in southern and eastern China, namely Zhejiang Power, Shanghai Power, Guangdong Power (Yudean), Guodian, Datang, and Huaneng, averaged 9.57 million mt over the week ended March 23, down 3.5% on the week, according to a weekly report by port operator Qinhuangdao Port Thursday.
Houston (Platts)--23 Mar 2017 819 am EDT/1219 GMT
Total US coal carload volumes continued to decline through mid-March as utilities entered the spring shoulder season, railroad and Association of American Railroads data showed Wednesday.
London (Platts)--22 Mar 2017 747 am EDT/1147 GMT
Combined coal stocks at three delivery terminals in Northwest Europe's Amsterdam-Rotterdam-Antwerp trading hub slipped slightly this week largely due to low arrivals, data collected from port sources showed Wednesday.
Perth (Platts)--22 Mar 2017 746 am EDT/1146 GMT
South Korean power generators are putting into action their stated plan to book more US thermal coal with approximately 1.5 million mt destined to arrive at Korean ports between July and September, said a market source Wednesday.
Hunan, China (Platts)--22 Mar 2017 634 am EDT/1034 GMT
Freight rates for shipping coal from northern China's Qinhuangdao port to the other Chinese ports of Zhangjiagang, Shanghai and Guangzhou in eastern and southern China drifted in the week to Tuesday, ending the continuous rise of the past few weeks, port operator Qinhuangdao Port said.
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Shipping

Houston (Platts)--23 Mar 2017 821 am EDT/1221 GMT
Many shipowners will go into 2020 unprepared for the International Maritime Organization's 0.5% global sulfur cap for marine bunker fuels, panelists said at the Connecticut Maritime Association conference as questions remain about potential alternatives.
Houston (Platts)--23 Mar 2017 820 am EDT/1220 GMT
The global outlook for crude oil is strong in 2017, but refined oil product stocks need to be drawn down to increase product tanker demand, Braemar ACM Shipbroking's Global Head of Research Henry Curra said Tuesday.
Singapore (Platts)--23 Mar 2017 543 am EDT/943 GMT
DHT Holdings has acquired BW Group's Very Large Crude Carrier Fleet, which consists of 11 VLCCS, including two new builds due for delivery in 2018, valued at approximately $538 million at prevailing broker valuations, BW Group and DHT Holdings said Thursday in a joint statement.
Singapore (Platts)--22 Mar 2017 414 am EDT/814 GMT
VLCC earnings are likely to come under downward pressure in the medium-term on a combination of a rise in oil stocks, cuts in crude output, a larger fleet and more efficiency in ports, according to tanker market players.
San Antonio (Platts)--21 Mar 2017 538 pm EDT/2138 GMT
US Gulf Coast refiners look well positioned to cash in on the earlier than expected 2020 deadline for ship operators to start using lower sulfur bunker fuel.
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Petrochemicals

London (Platts)--23 Mar 2017 823 am EDT/1223 GMT
Turkish polypropylene prices continued to fall back from the highs of a couple of weeks ago as bearish sentiment permeates the market on improving availability, sources said this week.
London (Platts)--23 Mar 2017 822 am EDT/1222 GMT
The arbitrage to send acrylonitrile butadiene styrene to Europe from Asia is opening amid falling prices in the latter region, according to S&P Global Platts data.
Houston (Platts)--22 Mar 2017 536 pm EDT/2136 GMT
There was a process upset Tuesday at Total Petrochemicals and Refining USA's 1,224,700 mt/year polypropylene plant in La Porte, Texas, the company said in a regulatory filing Wednesday.
Singapore (Platts)--22 Mar 2017 626 am EDT/1026 GMT
The focus in Asian aromatics markets towards the end of the month will be on the negotiations of monthly contract prices.
Singapore (Platts)--22 Mar 2017 207 am EDT/607 GMT
The China to Southeast Asia and India polypropylene export windows look set to close by end March as the recent flurry of Chinese cargoes deflates prices in those regions and freight costs start to rise, traders said Wednesday.
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Metals

Liverpool (Platts)--23 Mar 2017 1024 am EDT/1424 GMT
Eager US sellers found little demand for imported scrap in Turkey Wednesday, with some turning to other higher-paying markets, sources told S&P Global Platts.
Singapore (Platts)--23 Mar 2017 835 am EDT/1235 GMT
Spot offers for 75% Si ferrosilicon in Asia rose further this week as some Chinese producers have suspended offering, thus tightening supplies, industry sources said Thursday.
Hong Kong (Platts)--23 Mar 2017 235 am EDT/635 GMT
China is expected to add 6.65 million mt/year of new alumina capacity in 2017, chiefly in North China, Central China and Northwest China, in addition to the 79.25 million mt/year built national alumina capacity as of end-2016, state-run metals consultancy firm Beijing Antaike has forecast in its aluminum sector report on Thursday.
Sao Paulo (Platts)--22 Mar 2017 540 pm EDT/2140 GMT
Argentina exported 43,777 mt of long steel products in 2016, down 10.4% from 48,874 mt imported in 2015, customs agency data showed Wednesday.
London (Platts)--22 Mar 2017 539 pm EDT/2139 GMT
US silver jewelry sales increased for the eighth straight year in 2016, with average jewelry store growth at 16%, the Silver Institute reported Wednesday.
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Agriculture

Singapore (Platts)--23 Mar 2017 354 am EDT/754 GMT
Rabobank has lowered its price forecast of palm oil for the second quarter of 2017 to an average of MR2,750/mt, or $621.40/mt, from the previous forecast of MR2,800/mt made in February, in view of the recovery in regional production, the bank said in its monthly market outlook note released Thursday.
Houston (Platts)--22 Mar 2017 535 pm EDT/2135 GMT
California's Low Carbon Fuel Standard carbon credit transfer values slid in the week ended March 19, according to Air Resources Board data.
Houston (Platts)--22 Mar 2017 645 am EDT/1045 GMT
Ukrainian sugar producers union Ukrtsukor said it forecasts the country's sugar beet area to increase to 330,000-350,000 hectares in 2017, a 12% increase year on year.
London (Platts)--21 Mar 2017 949 am EDT/1349 GMT
on the year at 30 million liters, its lowest since March 2015, according to National Statistics data published by the UK government Tuesday.
Singapore (Platts)--21 Mar 2017 712 am EDT/1112 GMT
The Indonesian government is preparing to file a suit against the EU's imposition of antidumping duties on Indonesian biodiesel at a World Trade Organization meeting scheduled for March 29-30, Southeast Asian media sources reported quoting Indonesian trade defence director Pradnyawati Pambagyo on Sunday.
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