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Oil

Houston (Platts)--21 Apr 2015 806 pm EDT/006 GMT
The US' Permian Basin of West Texas and New Mexico is probably only in the "second or third inning" of its full development potential, the CEO of one of the largest Permian operators said Tuesday.
Houston (Platts)--21 Apr 2015 747 pm EDT/2347 GMT
Development of mid- and downstream infrastructure is still ongoing in response to the massive increase in domestic crude and condensate supply in the US.
Washington (Platts)--21 Apr 2015 704 pm EDT/2304 GMT
Declining US crude production, already being seen in three of the country's four major shale basins, could cause a major shift in global supply and demand fundamentals, causing a significant increase in prices at some point this year, the head of the US Energy Information Administration said Tuesday at an IHS CERAWeek panel.
Houston (Platts)--21 Apr 2015 518 pm EDT/2118 GMT
Pemex's sale of a 45% stake in a natural gas pipeline to US investment funds BlackRock and First Reserve earlier this month symbolizes what the newly reformed Mexican company hopes to do on a wider scale in the future, Pemex's CEO said Tuesday at IHS CERAWeek.
Houston (Platts)--21 Apr 2015 411 pm EDT/2011 GMT
Mexico's Pemex has procured cost cuts from its service providers that "may be" in line with the 10%-20% that US operators have so far secured, Gustavo Hernandez Garcia, general director of Pemex E&P, said Tuesday.
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Natural Gas

Singapore (Platts)--21 Apr 2015 839 am EDT/1239 GMT
China's private energy company ENN Energy Holdings Ltd is in negotiations with an Asian LNG supplier for a long-term contract that will commence around 2018, a source with knowledge of the deal said Tuesday.
London (Platts)--21 Apr 2015 840 am EDT/1240 GMT
European gas trading platform PEGAS will launch physical natural gas futures contracts for Italian hub Punto di Scambio Virtuale (PSV) on June 17, the company said Tuesday.
Houston (Platts)--20 Apr 2015 555 pm EDT/2155 GMT
A bill being debated in the Texas Legislature that would severely limit local municipalities' power to regulate oil and natural gas drilling moved one step closer to becoming law Monday.
Kiev (Platts)--20 Apr 2015 753 am EDT/1153 GMT
Ukraine wired $20 million as an upfront payment to Gazprom to secure imports of Russian gas in April, national energy company Naftogaz Ukrayiny said Monday.
Vancouver, British Columbia (Platts)--17 Apr 2015 941 pm EDT/141 GMT
Drilling for feedstock gas will need to be ramped up significantly to support LNG projects planned in British Columbia, industry officials said Thursday at the 3rd annual Canadian LNG Exports Conference in Vancouver.
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Electric Power

Washington (Platts)--21 Apr 2015 358 pm EDT/1958 GMT
An Environmental Protection Agency rule to reduce greenhouse gas emissions from the existing power fleet could bring almost 100 GW of new natural gas-fired generation to the US fleet by 2030, the North American Electric Reliability Corp.
London (Platts)--21 Apr 2015 841 am EDT/1241 GMT
French power prompt prices dropped Tuesday on lower demand and generally better plant availability, despite temporary nuclear and gas outages, sources said.
Houston (Platts)--20 Apr 2015 415 pm EDT/2015 GMT
The PJM Interconnection hit a new winter peak demand this winter, but the system performed much better than it did in the winter of 2013-2014, interconnection officials and staff said Monday.
London (Platts)--20 Apr 2015 844 am EDT/1244 GMT
Day-ahead power prices in the UK fell to a one-week low on Monday as bearish supply and demand reasserted downward pressure on the market.
Birmingham, Alabama (Platts)--17 Apr 2015 943 pm EDT/143 GMT
Maryland on Friday proposed emergency regulations to reduce nitrogen oxide emissions from the state's coal-fired plants during the coming summer.
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Coal

Houston (Platts)--21 Apr 2015 451 pm EDT/2051 GMT
Arch Coal will further cut production of thermal and metallurgical coal this year after posting a net loss of $113.2 million in the first quarter as coal inventories rose, especially in the Appalachian region, officials said Tuesday.
Brisbane (Platts)--21 Apr 2015 643 am EDT/1043 GMT
Eastern Australia's New South Wales supply chain for coal exports from the Hunter Valley coal field to Newcastle port has been halted by severe storms and flooding, rail operator Australian Rail Track Corp said Tuesday.
London (Platts)--20 Apr 2015 417 pm EDT/2017 GMT
US coal miner Alpha Natural Resources has been notified by the New York Stock Exchange its common stock has fallen below the bourse's listing price threshold and that it has six months to remedy this.
London (Platts)--20 Apr 2015 1158 am EDT/1558 GMT
Combined coal stocks at three delivery terminals in western Europe's Amsterdam-Rotterdam-Antwerp trading hub were about 4.658 million mt Monday, up 122,000 mt or 2.7% from a week earlier, according to data gathered from port sources.
Hunan, China (Platts)--20 Apr 2015 921 am EDT/1321 GMT
Combined coal stocks at China's four major Bohai Sea ports dropped by 1.61 mt or 6.5% week on week to 23.20 million mt on April 19, Qinhuangdao Port said Monday.
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Shipping

London (Platts)--21 Apr 2015 836 am EDT/1236 GMT
Delivered high sulfur bunker fuel prices are soaring in the Mediterranean port of Piraeus as the cruise season begins and amid a tight barge schedule, traders said Tuesday.
Singapore (Platts)--21 Apr 2015 515 am EDT/915 GMT
Thai dry bulk shipowner-cum-operator Precious Shipping plans to rebalance its fleet portfolio by adding more fuel efficient Ultramax class vessels and disposing off its older Handysize ships, the company's managing director said Tuesday.
London (Platts)--17 Apr 2015 727 am EDT/1127 GMT
Bunker fuel oil loadings and deliveries have been disrupted due to stormy weather in Novorossiisk, traders said Friday.
London (Platts)--16 Apr 2015 835 am EDT/1235 GMT
The cost of sending 30,000 mt dirty product and fuel oil cargoes from the Baltic Sea to the UK Continent has fallen to the lowest level in almost six months because of a lack of charterer inquiries in the Baltic and UKC regions.
Houston (Platts)--16 Apr 2015 528 am EDT/928 GMT
The price of high sulfur bunker fuel in the port of Montevideo, Uruguay, rose Wednesday to its highest premium over the same product in the competing port of Buenos Aires, Argentina, since February, based on Platts assessments. In Montevideo, IFO 380 was assessed at $434.50/mt delivered, $4.50 higher than Tuesday, due to stronger fuel oil prices, a lack of product and firm demand.
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Petrochemicals

Houston (Platts)--21 Apr 2015 355 pm EDT/1955 GMT
US May methanol contract prices will likely rise 5 cents/gal when announced later in April, sources said Tuesday.
London (Platts)--21 Apr 2015 639 am EDT/1039 GMT
The European spot price of octane booster MTBE was assessed at a four month-high of $800/mt FOB ARA on Monday due to tightening global supply and stronger gasoline prices.
Houston (Platts)--20 Apr 2015 557 pm EDT/2157 GMT
US polyethylene export prices were talked higher Monday as market sources said suppliers were already attempting to implement the 5 cents/lb increase that had been announced for the domestic market in May.
London (Platts)--20 Apr 2015 1123 am EDT/1523 GMT
European petrochemical producers are absorbing high volumes of spot LPG into the steam cracking pool, driven by seasonal weakness in butane and propane and strength in the market for traditional naphtha feedstock.
Houston (Platts)--17 Apr 2015 937 pm EDT/137 GMT
A series of constraints throughout the logistical chain have slowed US polyethylene exports and made it increasingly difficult for traders to secure resin from producers, market sources said this week.
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Metals

Pittsburgh (Platts)--21 Apr 2015 449 pm EDT/2049 GMT
Hot-rolled coil prices in the US fell slightly Tuesday, but mills were heard to be seeing increased activity and downward pressure on current pricing seems to be easing.
Lima, Peru (Platts)--21 Apr 2015 356 pm EDT/1956 GMT
Southern Copper plans to sell up to $2 billion in bonds to finance new mines and expansions, the company said Tuesday in a corporate filing.
London (Platts)--21 Apr 2015 645 am EDT/1045 GMT
The London Metal Exchange has seen a number of significant changes since Hong Kong Exchanges and Clearing completed its acquisition of the exchange in 2012, Garry Jones, CEO, LME said in a briefing late Monday.
Singapore (Platts)--21 Apr 2015 644 am EDT/1044 GMT
China exported 30,000 mt of ferroalloys in March, down 25% year on year, according to latest statistics published by the General Administration of Customs Tuesday.
Mumbai (Platts)--21 Apr 2015 642 am EDT/1042 GMT
Gold demand in India, which has been steady to subdued so far in 2015, failed to get a boost Tuesday from the Akshaya Tritiya festival, which marks the start of the harvest season, local sources said.
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Agriculture

Houston (Platts)--21 Apr 2015 422 pm EDT/2022 GMT
The Chicago Argo ethanol assessment hit its highest level of 2015 Tuesday as prices continued to recover from nine-year lows hit in January.
London (Platts)--20 Apr 2015 922 am EDT/1322 GMT
High pressure from China seen over Thailand in the past month triggered a consistent period of hot and dry weather, leaving some participants in the country's sugar market considering the longer-term impact on farmland ahead of the next planting season, which could result in a reduction in sugar cane quality and the crop's sugar content.
Singapore (Platts)--20 Apr 2015 845 am EDT/1245 GMT
Malaysia's exports of crude palm oil and refined palm products in the first 20 days of April were up 8.3% and 9.6%, according to respective data from two cargo surveyors Monday.
London (Platts)--20 Apr 2015 754 am EDT/1154 GMT
The T2 ethanol price broke through Eur600/cu m Friday to hit Eur609/cu m, up Eur19.75/cu m from the previous day and the highest since October 29, 2013.
Houston (Platts)--17 Apr 2015 939 pm EDT/139 GMT
The estimated production margin for a typical US Midwest dry-mill ethanol plant for the week ended Friday moved up 1.34 cents, or 2.26%, to a four-month high of 60.69 cents/gal, a review of US Department of Agriculture and Platts data showed.
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