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Oil

Washington (Platts)--18 Apr 2014 550 pm EDT/2150 GMT
The Obama administration plans to further delay a decision on the Keystone XL pipeline as it awaits the outcome of a lawsuit before the Nebraska Supreme Court and reviews millions of public comments on the controversial project, the State Department said Friday.
Singapore (Platts)--18 Apr 2014 1103 am EDT/1503 GMT
The Bharatiya Janata Party, India's main opposition party which early polls suggest could win a majority of seats in the national elections, plans to charge up domestic oil and gas exploration with special focus on the country's deepwater and ultra deepwater potential.
Houston (Platts)--17 Apr 2014 117 pm EDT/1717 GMT
The record-low US residual fuel oil demand reached last week was a result decades in the making and perhaps illustrative of more to come as pressure continues to build from increased attention on the environment.
London (Platts)--17 Apr 2014 806 am EDT/1206 GMT
The Dated to Frontline Swap, which measures the relative strength of paper and physical North Sea crude, is increasing on a slightly stronger physical North Sea crude market and a stronger ICE Brent complex, trading sources said Thursday.
Sydney (Platts)--17 Apr 2014 549 am EDT/949 GMT
Australian exploration and production company Santos produced 12.2 million barrels of oil equivalent in the first quarter of 2014, up 1% year on year, the company said Thursday.
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Natural Gas

Dhaka (Platts)--18 Apr 2014 551 pm EDT/2151 GMT
Russia's Gazprom has begun natural gas output from its fifth producing onshore well in Bangladesh, Semutang-6, at around 7,000 Mcf/d, Bapex Managing Director Md Abdul Baqi told Platts Friday.
Karachi (Platts)--18 Apr 2014 1104 am EDT/1504 GMT
Pakistan's federal cabinet has approved the construction of an LNG import terminal to be built in Karachi that would initially handle around 200,000 Mcf/d, an official of the ministry of petroleum said Friday.
Rio de Janeiro (Platts)--17 Apr 2014 119 pm EDT/1719 GMT
Brazil's Petrobras has signed a short-term contract with Bolivian counterpart YPFB to increase natural gas imports from the Andean nation, Petrobras said.
Brussels (Platts)--17 Apr 2014 725 am EDT/1125 GMT
Reforming Ukraine's gas market and gas transit arrangements are key to resolving EU energy security issues for Russian gas, European Commission President Jose Manuel Barroso told Russian President Vladimir Putin Thursday.
London (Platts)--17 Apr 2014 646 am EDT/1046 GMT
UK spot gas prices were sliding again Thursday morning, compared with Wednesday's close, as the system remained well supplied and demand low, and with regular deliveries of Qatari LNG recently.
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Electric Power

Washington (Platts)--18 Apr 2014 555 pm EDT/2155 GMT
Republicans in the US House of Representatives are asking the Federal Energy Regulatory Commission to provide documents relating to grid security in response to a Department of Energy Inspector General report finding that FERC failed to properly protect key information about grid vulnerabilities.
Washington (Platts)--18 Apr 2014 553 pm EDT/2153 GMT
The Midcontinent Independent System Operator and the PJM Interconnection are developing plans to adopt coordinated transaction scheduling to improve the economic efficiency of flows between the two markets, representatives from the grid operators said at a Friday meeting.
Seoul (Platts)--18 Apr 2014 1110 am EDT/1510 GMT
SK Gas, South Korea's largest LPG importer, said Friday it has decided to pay Won 171.6 billion ($165.5 million) for a 19% stake in a joint venture building a coal-fired power plant on the country's southeastern coast.
Washington (Platts)--17 Apr 2014 411 pm EDT/2011 GMT
The US Federal Energy Regulatory Commission moved efforts to provide better access to the wholesale electric grid for wind power and other variable energy resources forward Thursday.
London (Platts)--17 Apr 2014 719 am EDT/1119 GMT
A reliable power system based on new wind and solar PV with gas as backup generates cheaper low-carbon electricity than a system of new nuclear power plants, Berlin-based think-tank Agora Energiewende said Thursday in a study based on current-feed-in-tariffs for renewables in Germany and the agreed strike price for new nuclear in the UK.
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Coal

Washington (Platts)--17 Apr 2014 555 pm EDT/2155 GMT
The rail-delivered (CSX) Central Appalachian thermal coal spot price followed the European market lower Friday, while the Cal 2015 swap was seen trading in large volume after the 2:30 pm EDT Market-on-Close.
Washington (Platts)--17 Apr 2014 310 pm EDT/1910 GMT
Top US energy regulators are raising concerns about how supply disruptions of coal shipments in the Upper Midwest and elsewhere could create challenges for the electricity sector, particularly as a number of plants are set to retire in coming years.
Louisville, Kentucky (Platts)--16 Apr 2014 513 pm EDT/2113 GMT
An unusually cold winter in the Midwest Independent System Operator drove power costs sharply higher for Wisconsin Public Service, the utility said in a new report to regulators.
Madrid (Platts)--16 Apr 2014 728 am EDT/1128 GMT
Spain's Industry Ministry published Tuesday its 2014 subsidy scheme for domestic coal miners for a total of Eur106.8 million ($147.8 million), which follows the recent award of 2013 subsidies for Eur74.5 million.
London (Platts)--16 Apr 2014 727 am EDT/1127 GMT
Two more Indian companies have joined globalCOAL as market members, the online coal trading company said Wednesday.
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Shipping

Moscow (Platts)--18 Apr 2014 1200 pm EDT/1600 GMT
Russian gas giant Gazprom has sent the first cargo with crude produced at the Prirazlomnoye offshore field -- the country's only Arctic offshore hydrocarbon project -- to the international market, the company said Friday.
Moscow (Platts)--18 Apr 2014 1106 am EDT/1506 GMT
Russia has agreed to ship 23 million mt of crude to Belarus this year, a spokeswoman for the Russian Energy Ministry said Friday.
London (Platts)--17 Apr 2014 804 am EDT/1204 GMT
Cross-Mediterranean clean tanker freight rates on a 30,000 mt basis were assessed by Platts at a five-month low of $7.28/mt Wednesday, or Worldscale 115, and were pegged at the same level in early Thursday trade, market sources said.
Singapore (Platts)--17 Apr 2014 602 am EDT/1002 GMT
Iron ore Capesize freight rates continued to edge down this week, with expectations that rates could see further contraction in the next week, market sources said Thursday.
New York (Platts)--16 Apr 2014 334 pm EDT/1934 GMT
Talk of barging crude from the US Gulf of Mexico up to the East Coast is gaining traction as oil inventories along the nation's refinery row continue to swell, traders said on Wednesday.
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Petrochemicals

Mumbai (Platts)--18 Apr 2014 204 pm EDT/1804 GMT
Indian refining and petrochemical giant Reliance Industries Ltd.
Houston (Platts)--17 Apr 2014 650 pm EDT/2250 GMT
US-based PVC and caustic soda producer Shintech wants to site its new 500,000 mt/year ethylene plant at Plaquemine, Louisiana, according to a state Department of Environmental Quality air permit application made available to Platts on Thursday.
London (Platts)--16 Apr 2014 559 pm EDT/2159 GMT
MEGlobal has rolled over its May North American benchmark price for monoethylene glycol at 51 cents/lb, a company source said Wednesday.
London (Platts)--16 Apr 2014 722 am EDT/1122 GMT
The Northwest European styrene monomer/benzene spread rallied to a month-high Tuesday of $203/mt on stronger styrene, rebounding from a one-year low of $148/mt established April 4 but still representing deeply negative production margins, Platts data showed.
Houston (Platts)--15 Apr 2014 1205 pm EDT/1605 GMT
US April propylene contract prices settled 1 cent/lb ($22/mt) lower than March's contract prices, sources said Tuesday.
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Metals

Pittsburgh (Platts)--18 Apr 2014 556 pm EDT/2156 GMT
The US steel sheet market was relatively quiet on Friday because many were out of the office before the Easter holiday, though one top-tier mill indicated it would be pushing higher prices after the weekend.
Caracas (Platts)--18 Apr 2014 209 pm EDT/1809 GMT
Venezuela's CVG-Bauxilum alumina sales totaled 64,126 mt in March, up 57% from 40,822 mt in March 2013, Bauxilum said Friday.
Pittsburgh (Platts)--17 Apr 2014 518 pm EDT/2118 GMT
Iron ore shipments originating from US ports along the Great Lakes plummeted almost 55% in March compared to the five-year average for the month as "massive" ice formations stymied vessel movements, the Lake Carriers' Association said Thursday.
Pittsburgh (Platts)--17 Apr 2014 505 pm EDT/2105 GMT
Anticipated fragmented scrap pricing next month could bring US regional scrap prices closer together, according to market sources who generally agree on downward pricing pressure for May settlements.
London (Platts)--17 Apr 2014 720 am EDT/1120 GMT
Ukraine-focused iron ore miner Ferrexpo said Thursday it saw a 10.8% gain in pellet sales to 2.84 million mt over the first quarter compared with a year ago due to strong demand indicated by higher premiums charged to customers.
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Agriculture

Houston (Platts)--17 Apr 2014 554 pm EDT/2154 GMT
US rail transportation of grain products for the week ended April 12 totaled 20,760 cars, up 20.76% from the corresponding week a year ago, the Association of American Railroads said Thursday.
Houston (Platts)--17 Apr 2014 517 pm EDT/2117 GMT
Chicago Board of Trade May soybean oil futures were down 24 points to 43.47 cents/lb Thursday as weekly data from the US Department of Agriculture showed a rise in net export sales.
Houston (Platts)--16 Apr 2014 617 pm EDT/2217 GMT
US ethanol stocks fell 455,000 barrels to 15.952 million barrels for the week ended April 11, while production rebounded 43,000 b/d to a four-month high of 939,000 b/d, data from the Energy Information Administration showed Wednesday.
Houston (Platts)--15 Apr 2014 418 pm EDT/2018 GMT
Most US ethanol prices slid Tuesday to their lowest levels in more than four weeks as stalling buying interest combined with firming supplies, sources said.
Rio de Janeiro (Platts)--15 Apr 2014 1208 pm EDT/1608 GMT
Ethanol output in Brazil's key center-south region was 167.854 million liters (44.342 million gallons) in the second half of March, up 665% from the first half of the month, according to data released Tuesday by trade group Unica.
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