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Oil

London (Platts)--21May2013/629 am EDT/1029 GMT
In 2003, Yukos was preparing for a game-changing merger with another private Russian oil company, Roman Abramovich's Sibneft, to create a 2.3 million b/d Russian oil producing giant.
Jakarta (Platts)--21May2013/513 am EDT/913 GMT
Indonesia and Papua New Guinea will develop oil and gas resources jointly, especially in the border areas, energy and mines minister Jero Wacik said Tuesday after a meeting with PNG's Minister for Public and State Investment Ben Micah in Jakarta.
Singapore (Platts)--21May2013/132 am EDT/532 GMT
The second phase of China's strategic petroleum reserves will likely be delayed to 2015 from the end of this year because of slow progress, analysts at investment bank China International Capital Corp.
Houston (Platts)--20May2013/548 pm EDT/2148 GMT
The US Atlantic Coast wholesale gasoline-pump price spread narrowed 8 cents/gal Monday to the lowest level since early April, according to US Energy Information Administration data and Platts assessments.
Anchorage (Platts)--20May2013/220 pm EDT/1820 GMT
Alaska would put up $50 million to share the costs of a seismic program and exploration planning that would be part of a new oil and gas resource assessment in the coastal plain of the Arctic National Wildlife Refuge, Governor Sean Parnell said Monday.
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Natural Gas

London (Platts)--21May2013/721 am EDT/1121 GMT
The planned Nabucco natural gas pipeline could be extended to supply countries across eastern and southeastern Europe, the governments of the consortium countries agreed on Tuesday.
Sydney (Platts)--21May2013/436 am EDT/836 GMT
Eastern Australia-based utility AGL Energy conceded Tuesday the industry had failed to fill an "information vacuum" to address community concerns about coalseam gas development in the state of New South Wales, where it is the sole CSG producer at its Camden project.
Washington (Platts)--20May2013/606 pm EDT/2206 GMT
Total 2012 marketed natural gas volumes in the US are roughly flat with 2011 levels, according to a Platts analysis of the Federal Energy Regulatory Commission's Form 552 data.
Washington (Platts)--20May2013/1244 pm EDT/1644 GMT
Proposed US liquefied natural gas exports have spurred fears that exports will boost domestic gas prices, but a new study by the Bipartisan Policy Center says it is the other way around.
Jerusalem (Platts)--20May2013/907 am EDT/1307 GMT
The Israeli government can encourage the entry of more foreign and local exploration firms into the sector by approving gas exports, said Yitzhak Tshuva, controlling shareholder in Israel?s Delek Group.
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Electric Power

Washington (Platts)--20May2013/602 pm EDT/2202 GMT
New England generators want the US Federal Energy Regulatory Commission to overturn an ISO New England policy they say illegally requires power plants to have firm fuel supplies at all times.
Washington (Platts)--20May2013/248 pm EDT/1848 GMT
Coal-fired generation of electric power will increase this year in the US as the price of natural gas rises, but that trend will not continue as many electric utilities find it less expensive in the near future to rely more on gas, Bernstein Research said in a report issued Monday.
Washington (Platts)--20May2013/246 pm EDT/1846 GMT
Real-time prices in the New York Independent System Operator skyrocketed to over $1,000/MWh Monday afternoon with warm weather and strong demand.
Moscow (Platts)--20May2013/1245 pm EDT/1645 GMT
More than two years since the Fukushima I meltdown in Japan, the global nuclear power industry is "beginning to put the accident behind us and is looking forward to the future," International Atomic Energy Agency Director General Yukiya Amano said Monday.
London (Platts)--20May2013/832 am EDT/1232 GMT
Prompt power prices fell Monday morning despite rallying NBP gas prices as wind generation is set to triple from Friday's depressed output, reducing the dependence on more expensive gas-fired power, market sources said.
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Coal

Perth (Platts)--21May2013/608 am EDT/1008 GMT
China could be ready to deploy its proposed embargo on imports of thermal coal with a calorific value of less than 4,540 kcal/kg on a net-as-received basis, and on thermal coal with a sulfur and ash content of more than 1% and 25% respectively, by as early as next week, some well-informed market sources told Platts Tuesday.
Perth (Platts)--21May2013/146 am EDT/546 GMT
Five unions representing Australian coal terminal employees have called for an eight-hour strike Friday at the Port Waratah Coal Services export facility, a company spokesman said Tuesday.
Manila (Platts)--20May2013/511 am EDT/911 GMT
Participants in the biggest Asian coal conference in Bali, Indonesia, in the first week of June will be eying whether China will continue to remain relatively passive in importing thermal coal, industry sources said Monday.
Singapore (Platts)--17May2013/625 am EDT/1025 GMT
Panamax coal freight rates on established routes from South Africa's Richards Bay and Indonesia to India ended the week stable to lower on Friday as an oversupply of vessels outstripped demand, sources said.
Galax, Virginia (Platts)--16May2013/516 pm EDT/2116 GMT
Consol Energy's idled Blacksville No 2 steam coal mine in the eastern US will resume production on May 20, the Pittsburgh-based coal producer said Thursday.
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Shipping

London (Platts)--20May2013/636 am EDT/1036 GMT
The cross-Mediterranean dirty freight rate for 30,000 mt cargoes fell to its lowest in over seven months Friday, as weak demand for handysize vessels in the region left more than enough tonnage available, shipping sources said.
Washington (Platts)--17May2013/146 pm EDT/1746 GMT
The US Department of Energy on Friday announced conditional approval of the shipping of US liquefied natural gas to countries that do not have free trade agreements with the US from the Freeport LNG Expansion and FLNG Liquefaction facility in Texas.
London (Platts)--17May2013/716 am EDT/1116 GMT
Low sulfur bunker fuel oil prices have increased on a shortage of fuel spec availabilities after the closure of Shell's Harburg refinery, sources said.
London (Platts)--16May2013/724 am EDT/1124 GMT
Cross-Northwest Europe clean freight rates have dropped significantly amid seasonal ice premiums dissipating and cargo activity relaxing, sources said Thursday.
Tokyo (Platts)--16May2013/454 am EDT/854 GMT
South Korean refiner GS Caltex is likely to import bunker-grade high sulfur fuel oil cargoes every month after its 53,000 b/d vacuum gasoil fluid catalytic cracker reduced fuel oil production, a source close to the matter said Thursday.
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Petrochemicals

Houston (Platts)--20May2013/310 pm EDT/1910 GMT
Methanol exports for March were up 47% from February while methanol production was down 5.2% from March to February, according to data the Ministry of Energy Affairs of Trinidad and Tobago released Monday.
London (Platts)--20May2013/737 am EDT/1137 GMT
Spanish acrylonitrile-butadiene-styrene producer Elix Polymers has signed a distribution agreement with Germany's Velox in Germany, Austria, Switzerland, Italy and France, the company said late Friday. The agreement, which took effect from March 1, 2013, covers Elix Polymer's ABS and styrene acrylonitrile product and does not affect any of the existing partnerships of Elix in the polymer modifiers market, the company said in a statement.
Tokyo (Platts)--20May2013/219 am EDT/619 GMT
Asian prices for monoethylene glycol are expected to remain under pressure this week because of record-high inventories, in spite of China's rebounding downstream polyester market, industry sources said Monday.
Houston (Platts)--17May2013/336 pm EDT/1936 GMT
MEGlobal set its June North American Benchmark price for monoethylene glycol at 63 cents/lb, a rollover from May, a company source said Friday.
London (Platts)--17May2013/627 am EDT/1027 GMT
Plastics and rubber producer Styron Europe said Friday that it plans to roll over its monthly price for styrene butadiene latex in Europe, the Middle East, Africa and India in June, in a bid to widen profit margins amid falling feedstock costs.
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Metals

Tokyo (Platts)--21May2013/431 am EDT/831 GMT
Japan's domestic shipments of diecast aluminum alloy are expected to rise to about 43,000 mt in May as the weak yen shrinks imports from China, market sources said Tuesday.
Pittsburgh (Platts)--20May2013/606 pm EDT/2206 GMT
US steel mill capacity utilization reached 79.5% in the week that ended Saturday, its highest level in percentage terms since May 2012, according to a report released by the American Iron and Steel Institute on Monday.
London (Platts)--20May2013/954 am EDT/1354 GMT
The lead times for delivering newly ordered coil products at most north European integrated suppliers are particularly short at the moment because trading remains slow and prices continue to be under downward pressure, sources said Friday.
London (Platts)--20May2013/822 am EDT/1222 GMT
South Africa-focused metallurgical coal explorer ZYL said Monday that it has been granted a mining right for its 70%-owned Kangwane South project, which has a Joint Ore Reserves Committee-compliant resource of 99.7 million mt.
Singapore (Platts)--20May2013/757 am EDT/1157 GMT
Metallurgical coal prices fell Monday to a historical low on continued bearish sentiment and a lack of buying interest.
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