Skip Navigation LinksHome|News & Analysis|Latest News Headlines

Latest News Headlines

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


Houston (Platts)--25 Jul 2014 125 pm EDT/1725 GMT
Fluctuating demand for US Gulf Coast crude caused Light Houston Sweet to fall $2.23 week on week to be assessed at $104.46/b Thursday, despite reaching a high of $108.80/b on Monday.
London (Platts)--25 Jul 2014 915 am EDT/1315 GMT
The front-month/second-month CIF NWE spread narrowed to a nine-month low of $4.75/mt Thursday, down from $6.50/mt Wednesday, market participants said.
Lagos (Platts)--25 Jul 2014 725 am EDT/1125 GMT
Nigeria's President Goodluck Jonathan has canvassed the country's fellow OPEC members in a bid to promote political and economic ties within the oil group, according to a statement from his spokesman Reuben Abati.
Singapore (Platts)--25 Jul 2014 623 am EDT/1023 GMT
South Korean refiners S-Oil and SK Innovation, both of which reported their second-quarter results this week, saw their refining business suffer operating losses due to poor refining margins and an appreciation in the South Korean won against the US dollar.
Buenos Aires (Platts)--24 Jul 2014 435 pm EDT/2035 GMT
A strike by oil workers Thursday is hitting production in southwestern Argentina, state-run energy company YPF said.
Previous News

Natural Gas

Knoxville, Tennessee (Platts)--25 Jul 2014 313 pm EDT/1913 GMT
The NYMEX August natural gas futures contract fell 6.6 cents to a $3.781/MMBtu close on Friday as the market gave back nearly all of the previous day's gains on a continued lack of seasonal demand.
Brussels (Platts)--25 Jul 2014 914 am EDT/1314 GMT
EU diplomats have asked the European Commission to prepare the formal legislative proposals needed to expand sanctions over Ukraine to new areas, possibly including sensitive energy technologies, and plan to discuss these on Tuesday, an EC official said Friday.
Tokyo (Platts)--25 Jul 2014 630 am EDT/1030 GMT
The Platts LNG Japan Korea Marker for September fell 5 cents on the week to close the Asian trading session at $10.675/MMBtu Friday amid thin buying interest.
Washington (Platts)--24 Jul 2014 539 pm EDT/2139 GMT
The NYMEX August natural gas futures contract closed 8.5 cents higher at $3.847/MMBtu Thursday, a slight reversal from its recent decline after a mildly bullish weekly gas storage report showed injections below expectations.
Jerusalem (Platts)--24 Jul 2014 953 am EDT/1353 GMT
Israel's energy and water ministry said Wednesday it has approved doubling the transmission rates for gas to medium and large industrial customers in the southern Negev region.
Previous News

Electric Power

London (Platts)--25 Jul 2014 912 am EDT/1312 GMT
UK day-ahead power prices bounced back Friday on the back of bullish NBP spot prices and easing wind output, while supply margins are set to tighten next week to below 10 GW which also supported the market.
Washington (Platts)--24 Jul 2014 431 pm EDT/2031 GMT
US nuclear regulators and industry officials must do more to protect reactors from extreme, but unlikely, events like the earthquake and tsunami that caused the accident at Japan's Fukushima nuclear plant, the National Academy of Sciences recommended in report issued Thursday.
London (Platts)--24 Jul 2014 525 am EDT/925 GMT
UK renewable energy projects will compete for a budget of over GBP200 million ($341 million) a year, as the government reforms the electricity market, Energy and Climate Change Secretary Ed Davey announced Thursday.
Washington (Platts)--23 Jul 2014 255 pm EDT/1855 GMT
Southern Company, which is building two nuclear reactors in Georgia, is hoping to announce plans by year-end for additional nuclear units of the same design, CEO Tom Fanning told reporters Wednesday.
London (Platts)--23 Jul 2014 835 am EDT/1235 GMT
A number of substation and power station failures in Sweden have disrupted power flows with Norway, according to operator notes posted on the Nordpool website late Tuesday and early Wednesday morning, following temperatures above 30 degrees Celsius.
Previous News


Singapore (Platts)--25 Jul 2014 743 am EDT/1143 GMT
China's local governments in coal-rich provinces should try to reduce coal production by at least 10% during the second half of this year as an oversupplied market has led prices to tumble to multi-year lows, the head of China National Coal Association said Thursday.
Washington (Platts)--24 Jul 2014 459 pm EDT/2059 GMT
US coal and iron ore miner Cliffs Natural Resources said Thursday it may still go through with the temporary idling of its 4 million st/year low-volatile coking coal Pinnacle mine if market conditions do not improve.
Houston (Platts)--23 Jul 2014 434 pm EDT/2034 GMT
The Public Service of New Hampshire's shipment of Russian coal earlier this month at its Schiller station is part of a larger trend of increased coal imports into the US, government data shows.
Manila (Platts)--23 Jul 2014 829 am EDT/1229 GMT
Indonesia's trade ministry has issued a regulation compelling all Indonesia-based exporters of steam and metallurgical coal to register on or before September 1, according to a copy of the regulation obtained by Platts Wednesday.
Washington (Platts)--22 Jul 2014 551 pm EDT/2151 GMT
Peabody Energy's Western US operations sold 40.1 million st of coal in second-quarter 2014, up 6.65% from 37.6 million st in the same quarter last year, driven by utility demand for Powder River Basin coal, but rail performance is weighing on over-the-counter coal prices and utility demand, the company said in its earnings statement published Tuesday.
Previous News


London (Platts)--25 Jul 2014 324 pm EDT/1924 GMT
Freight rates ticked up for trans-Atlantic Panamax runs as prompt tonnage was met with a fair volume of inquiry, but the long-term outlook remained uncertain, shipping sources said Friday.
Houston (Platts)--25 Jul 2014 742 am EDT/1142 GMT
Bunker fuel prices dipped in Ecuador on Thursday, but market participants expect them to move higher in the coming days as a result of tight supplies due to maintenance at the 45,000 b/d La Libertad refinery, market sources said Thursday.
Singapore (Platts)--25 Jul 2014 739 am EDT/1139 GMT
The Maritime and Port Authority of Singapore has signed a memorandum of understanding with the American Bureau of Shipping to promote maritime research and development, including the area of LNG, the MPA said late Thursday.
Singapore (Platts)--24 Jul 2014 515 am EDT/915 GMT
International Maritime Bureau Thursday expressed serious concern over the rise in hijackings of tankers in Southeast Asia and warned that this could be a new trend in piracy attacks in the region.
Houston (Platts)--23 Jul 2014 428 pm EDT/2028 GMT
Outbound shipments of Eagle Ford Shale crude and condensate through the Port of Corpus Christi rose to 551,934 b/d in June from 341,824 b/d in June 2013, the most recent data released by the port showed.
Previous News


London (Platts)--25 Jul 2014 917 am EDT/1317 GMT
The discount of a delivered cargo of mixed butane in Northwest Europe compared with the equivalent CIF NWE naphtha value hit its narrowest in over three months on Thursday, to be assessed at $125.25/mt.
Singapore (Platts)--25 Jul 2014 733 am EDT/1133 GMT
Japan's JX Nippon Oil and Energy nominated its paraxylene Asian Contract Price for August at $1,510/mt CFR, sources close to the negotiations said Friday.
Mexico City (Platts)--24 Jul 2014 433 pm EDT/2033 GMT
Mexico City-based Mexichem's second-quarter 2014 earnings were hit by a "significant reduction" in its sales of fluoride and lower prices for refrigerant gases.
London (Platts)--24 Jul 2014 959 am EDT/1359 GMT
Sales in the petrochemical division of German chemical company BASF in the second quarter of the year grew 9% to Eur2.019 billion, driven by the expansion of its cracker in Port Arthur, Texas, the company said Thursday.
Houston (Platts)--23 Jul 2014 219 pm EDT/1819 GMT
China-based Fund Connell USA Energy and Chemical Investment Corporation is considering Texas City, Texas, as the site for a $4.5 billion methanol facility, the Galveston County Economic Alliance said.
Previous News


New York (Platts)--25 Jul 2014 332 pm EDT/1932 GMT
Russian ferrosilicon producer RFA International has escaped the imposition of US antidumping duties on ferrosilicon after the Department of Commerce awarded the company a zero percent dumping margin in its final determination of alleged dumping of the ferroalloy in the US.
Pittsburgh (Platts)--25 Jul 2014 316 pm EDT/1916 GMT
US and Canadian aluminum demand, measured by domestic producer shipments and imports, totaled an estimated 10.482 billion lb in the first five months of 2014, 1.6% above that of the same period last year, according to preliminary estimates Friday from the Aluminum Association.
Washington (Platts)--25 Jul 2014 749 am EDT/1149 GMT
Continued strong demand from industrial consumers in Asia and buying by European banks and speculative funds helped propel rhodium prices further this week above $1,200/oz.
London (Platts)--25 Jul 2014 744 am EDT/1144 GMT
Miner Anglo American has made further progress at its $8.8 billion Minas Rio iron ore project in Brazil, expecting to ship its first iron ore by the end of the year and operate over 2015 at an 11-14 million mt rate, the company said Friday.
Tokyo (Platts)--25 Jul 2014 735 am EDT/1135 GMT
Some Japanese steelmakers have started asking suppliers of ferroalloys, especially ferrosilicon, to provide chemical analysis certificates upon delivering material, Japanese traders said Friday.
Previous News


Houston (Platts)--25 Jul 2014 122 pm EDT/1722 GMT
US production of biomass-based diesel in June surged 4.42 million gallons from May to a 2014-high of 149.079 million gallons, US Environmental Protection Agency data showed Friday.
Washington (Platts)--24 Jul 2014 413 pm EDT/2013 GMT
Following a meeting with President Barack Obama's top energy adviser, Minnesota Senator Al Franken on Thursday said he believes the Environmental Protection Agency will raise its biofuels blending targets when it finalizes the 2014 Renewable Fuel Standard.
Montreal (Platts)--23 Jul 2014 336 pm EDT/1936 GMT
The Cavatina vessel has just finished loading 40,000 cubic meters (10.56 million gallons) of US ethanol in Houston, market sources said Wednesday.
Houston (Platts)--22 Jul 2014 346 pm EDT/1946 GMT
Chicago Board of Trade September corn futures settled down 3.75 cents to $3.6025/bushel Tuesday, the lowest front-month settle in more than four years.
London (Platts)--22 Jul 2014 1200 pm EDT/1600 GMT
The total volume of fuel-grade ethanol exported so far in July from the UK to Rotterdam has increased 1,725 mt (2,187/cu m) against the entire volume shipped in June to a total of 6,975 mt, according to fixtures reported by tanker agency Graypen.
Previous News

Stay connected with Platts