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New York (Platts)--1 Oct 2014 431 pm EDT/2031 GMT
Saudi Aramco on Wednesday slashed the official selling prices for its Asia-bound crude lifting in November for the fourth month in row, as Asian refiners have found greater supply options.
New York (Platts)--1 Oct 2014 428 pm EDT/2028 GMT
US crude, gasoline and distillate inventories fell across the board last week, with US Energy Information Administration oil data Wednesday showing an unexpected draw in crude stocks despite a sharp cut in crude runs and a slight bounce in imports.
London (Platts)--1 Oct 2014 847 am EDT/1247 GMT
European fuel oil cracks hit 17-month highs Tuesday on weaker Brent prices.
Singapore (Platts)--1 Oct 2014 322 am EDT/722 GMT
Saudi Aramco is expected to cut the official selling price differentials for November-loading crude cargoes for export to Asia for the fourth consecutive month amid persistently weak demand for Middle Eastern sour crudes, trading sources said this week.
New York (Platts)--30 Sep 2014 507 pm EDT/2107 GMT
Should world crude prices continue to weaken into 2015, any forward price support will likely have to come from supply cuts, rather than increased demand, Credit Suisse analysts said Tuesday.
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Natural Gas

Knoxville, Tennessee (Platts)--1 Oct 2014 424 pm EDT/2024 GMT
The NYMEX November natural gas futures contract fell 9.8 cents to a $4.023/MMBtu settlement on Wednesday as the market weighed the expectation of a large, triple-digit storage build and forecasts for mild weather for much of October.
Moscow (Platts)--1 Oct 2014 837 am EDT/1237 GMT
Russia's Gazprom is to boost pipeline gas deliveries to Turkey to a record 30 billion cubic meters in 2014, up 12.8% from 26.6 Bcm last year, the gas giant said Wednesday following talks in Moscow between Gazprom CEO Alexei Miller and Turkish energy minister Taner Yildiz.
Washington (Platts)--30 Sep 2014 429 pm EDT/2029 GMT
Tougher federal emission standards will force more coal plants to retire between now and 2020, increasing natural gas use for power by between 2.7 Bcf/d and 5 Bcf/d, Standard & Poor's Ratings Direct said in a report Tuesday.
Dubai (Platts)--30 Sep 2014 1257 pm EDT/1657 GMT
The UAE's Dana Gas has struck a deal with Egypt's government that will allow it to export gas condensate while increasing natural gas output from Egyptian fields for domestic consumption, the company said Tuesday.
Berlin (Platts)--30 Sep 2014 907 am EDT/1307 GMT
Selling gas in the EU remains a risky commercial activity, as demand cannot be counted on in the medium term, and producers may lose interest in a region where some major countries have de facto turned their back on gas as a fuel for power generation.
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Electric Power

Portland, Maine (Platts)--1 Oct 2014 444 pm EDT/2044 GMT
The Maine Public Utilities Commission on Wednesday agreed to expand the the state's efficiency programs that target large commercial and industrial customers.
London (Platts)--1 Oct 2014 834 am EDT/1234 GMT
UK prompt baseload and peakload power prices advanced Wednesday, despite forecasts predicting wind generation to increase to more than 3 GW Thursday, strengthened by a rising NBP spot gas market, sources said.
Washington (Platts)--30 Sep 2014 1213 pm EDT/1613 GMT
The US Department of Energy plans to make available federal loan guarantees totaling $12.6 billion for uranium enrichment facilities, new nuclear reactors, small modular reactors and capacity upgrades at existing nuclear plants.
London (Platts)--30 Sep 2014 823 am EDT/1223 GMT
French peakload spot power prices settled Tuesday above Eur60/MWh for the first time since January as demand remained firm amid warmer than normal weather across Southern Europe.
Boston (Platts)--29 Sep 2014 402 pm EDT/2002 GMT
Public Service Co of Oklahoma said Monday that it needs additional power to keep pace with rising demand from the oil and natural gas sector in the state and has issued a solicitation for increasing amounts of peaking capacity and energy deliverable starting in June 2016.
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London (Platts)--1 Oct 2014 840 am EDT/1240 GMT
A draft law that will introduce quality control checks on coal and may reduce Russian imports to Poland will have its first reading in Parliament on Wednesday, deputy Economy Minister Tomasz Tomczykiewicz said late Tuesday.
Manila (Platts)--1 Oct 2014 839 am EDT/1239 GMT
The benchmark annual contract price for Australian thermal coal for October 1, 2014 to September 30, 2015 delivery to Japan has been settled at $73.45/mt FOB, basis 6,322 kcal/kg GAR, and not at $73.85/mt as Platts previously reported, at least five sources said this week.
Louisville, Kentucky (Platts)--30 Sep 2014 430 pm EDT/2030 GMT
Raven Power has test-burned small amounts of Indonesian coal in its 399-MW Crane and 977-MW Wagner power plants, but its 1,273-MW Brandon Shores plant is not burning any coal from the Far East, a company official said Tuesday.
London (Platts)--30 Sep 2014 900 am EDT/1300 GMT
Poland will start publishing two domestic steam coal price indices next month, the two partners in the project, the Industrial Development Agency and the Polish Power Exchange (POLPX), announced Tuesday.
Louisville, Kentucky (Platts)--29 Sep 2014 403 pm EDT/2003 GMT
Sunflower Electric Power's 360-MW Holcomb coal-fired power plant in western Kansas is among the latest in a growing list of US generating stations to experience backlogs in rail deliveries of low-sulfur Powder River Basin coal, shortages that have led to generation cuts, the co-op said Monday.
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Washington (Platts)--1 Oct 2014 426 pm EDT/2026 GMT
Having already shipped four cargoes of US processed condensate from its Texas City facility, Enterprise Products Partners on Wednesday positioned itself to be an even bigger player in crude and condensate exports with its $6 billion acquisition of Houston-based Oiltanking Partners.
Houston (Platts)--1 Oct 2014 420 pm EDT/2020 GMT
Maersk Line in January will introduce shipping surcharges of $30-160/container to offset assumed higher fuel costs stemming from stricter emissions regulations on ships traveling within 200 miles of North American and European shores.
London (Platts)--1 Oct 2014 800 am EDT/1200 GMT
A combination of a heavy flow of West African cargoes and a position list that has dwindled by the day has sent WAF Suezmax rates surging in the past week, shipping sources said.
Houston (Platts)--1 Oct 2014 527 am EDT/927 GMT
A sharp fall in the Brent crude futures contract Tuesday pressured already weakened bunker fuel markets on the Atlantic Coast to 27-month lows, Platts data shows.
London (Platts)--30 Sep 2014 238 pm EDT/1838 GMT
Freight rates for Medium Range tankers going from UK Continent to the US spiked to Worldscale 132.5 on Tuesday, their highest level in six months due to a surge of gasoline inquiry to the US and a thin tonnage list.
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Houston (Platts)--1 Oct 2014 433 pm EDT/2033 GMT
ExxonMobil Chemical will begin a sales allocation for some grades of polypropylene because of operational difficulties at its Baton Rouge, Louisiana, facility, according to a letter to customers obtained Wednesday by Platts.
Singapore (Platts)--1 Oct 2014 623 am EDT/1023 GMT
The premium of acrylonitrile-butadiene-styrene to competing co-polymer high-impact polystyrene has widened by more than fourfold so far in 2014 compared with a year earlier on falling styrene monomer prices, Platts data shows.
Houston (Platts)--30 Sep 2014 339 pm EDT/1939 GMT
Dow Chemical plans to raise its US polyethylene prices by 3 cents/lb ($66/mt) effective November 1, the company said in a letter to customers obtained by Platts on Tuesday.
London (Platts)--30 Sep 2014 100 pm EDT/1700 GMT
European hydrodealkylation (HDA) operators returned to the toluene spot market, as consistently favorable HDA economics -- driven by strong benzene prices -- lead to increased appetite for spot product.
Singapore (Platts)--29 Sep 2014 1109 pm EDT/309 GMT
The startup of two more propane dehydrogenation plants in China by mid-2015, coming on the heels of the four facilities that have begun operations over the past year, will exacerbate Asia's propylene glut and likely force the newcomers to curb output to defend their margins, according to industry sources.
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Sao Paulo (Platts)--1 Oct 2014 436 pm EDT/2036 GMT
Brazilian iron ore exports averaged $68/mt FOB in the nine-day period ended Tuesday, down 4% from $70.9/mt FOB in the previous week, the most recent data from the Ministry of Development and Trade showed Wednesday.
Sao Paulo, Brazil (Platts)--1 Oct 2014 434 pm EDT/2034 GMT
Venezuela's largest steelmaker Sidor has received 30,000 mt of raw material from Canada to help maintain productive lines and prevent stoppages, Minister of Industries Jose David Cabello said Tuesday.
Tokyo (Platts)--1 Oct 2014 536 am EDT/936 GMT
Japan Bank for International Cooperation said Wednesday that it has signed a memorandum of understanding with Mozambique's mineral resources ministry to exchange information on natural resources projects in the African country that Japanese companies are involved in.
Singapore (Platts)--1 Oct 2014 533 am EDT/933 GMT
Steel mills in Japan, South Korea and Taiwan are enjoying much improved market circumstances as resilient steel demand justifies strong steel output, while iron ore and coking coal prices recede due to cyclical oversupply, procurement managers at a range of Asian mills said Wednesday, October 1.
Gold Coast, Queensland (Platts)--1 Oct 2014 147 am EDT/547 GMT
Australian nickel producer Mincor Resources expects the nickel market to perform strongly in 2015 and move back above the $20,000/mt level as demand is boosted by a booming US economy and a stock drawdown in China, company CEO David Moore told a conference in Queensland Wednesday, October 1.
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London (Platts)--1 Oct 2014 844 am EDT/1244 GMT
The premium of RED RME to RED FAME 0 in the Amsterdam-Rotterdam-Antwerp region hit a nine-month high of $42/mt Tuesday due to renewed selling interest for the summer grade.
Singapore (Platts)--1 Oct 2014 500 am EDT/900 GMT
Biodiesel exports from Malaysia and Indonesia totaled 85,900 mt in September, down 26.4% from exports of 116,735 mt in August, data released Wednesday, October 1, by cargo surveyor Intertek showed.
Buenos Aires (Platts)--30 Sep 2014 341 pm EDT/1941 GMT
Argentina's ethanol producers face tighter profit margins after the government capped price fluctuations at 5%, an industry spokesman said Tuesday.
London (Platts)--30 Sep 2014 858 am EDT/1258 GMT
German fuel ethanol consumption in July was 90,026 metric tonnes (114,115 cubic meters), up 7,343 mt from June but down 6,734 mt from July 2013, according to a German governmental report released Monday.
Singapore (Platts)--30 Sep 2014 429 am EDT/829 GMT
Malaysia's crude and refined palm oil exports rose 16.3% month on month to 1,497,828 mt in September, data from cargo surveyor Intertek released Tuesday showed.
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