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New York (Platts)--21 Jul 2014 326 pm EDT/1926 GMT
Oil futures settled higher Monday, boosted by a rising geopolitical risk premium amid violence in Ukraine and Libya, where oil production has once again fallen.
Cape Town (Platts)--21 Jul 2014 1231 pm EDT/1631 GMT
Italy's Eni has signed a deal to explore for oil and gas in the Republic of Congo's coastal basin, boosting the company's portfolio in sub-Saharan Africa, it said in a statement Sunday.
London (Platts)--21 Jul 2014 844 am EDT/1244 GMT
The Northwest European 50 ppm sulfur gasoil barge market has risen over the last several days following buying interest by several companies and noticeably absent sellers.
Nairobi (Platts)--21 Jul 2014 745 am EDT/1145 GMT
Kenya is looking for investors to construct LPG storage facilities and cylinder filling plants inland to supply the local market, a senior ministry of energy official said late Thursday.
Singapore (Platts)--21 Jul 2014 716 am EDT/1116 GMT
China's National Development and Reform Commission has reduced domestic retail prices of gasoline and diesel by Yuan 245/mt ($39.47/mt) and Yuan 235/mt, respectively, effective midnight Tuesday.
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Natural Gas

Washington (Platts)--21 Jul 2014 612 pm EDT/2212 GMT
US Commodity Futures Trading Commission member Scott O'Malia abruptly resigned Monday in a letter to President Barack Obama after serving at the commission as a Republican appointee for over four years.
Anchorage (Platts)--21 Jul 2014 359 pm EDT/1959 GMT
The partners behind a proposed Alaska gas pipeline and LNG export project have submitted an application to the US Department of Energy for permission to export up to 20 million mt/year of LNG from the state.
London (Platts)--21 Jul 2014 804 am EDT/1204 GMT
NBP spot gas prices extended Friday's losses due to gas demand continuing to be below average for the time of year and expectations of further LNG supply in coming weeks.
Sydney (Platts)--21 Jul 2014 801 am EDT/1201 GMT
Australia's APA Group is to spend A$140 million ($131 million) building a new 292 km (181 mile) gas pipeline to supply mining operations in the eastern Goldfields region of Western Australia, the company said Monday.
Houston (Platts)--18 Jul 2014 420 pm EDT/2020 GMT
California regulators Friday authorized the reopening of two injection wells, out of 11 ordered temporarily shut two weeks ago on fears of potential pollution to underground water sources.
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Electric Power

Houston (Platts)--21 Jul 2014 243 pm EDT/1843 GMT
More generator availability and less congestion caused Midcontinent Independent System Operator day-ahead and real-time power prices to fall in June, but they stayed above June 2013 levels, a report to be reviewed with stakeholders Tuesday shows.
London (Platts)--21 Jul 2014 813 am EDT/1213 GMT
French nuclear power output Monday morning was almost 4 GW below availability forecasts published late last week after EDF notified the grid of new reactor limitations and delayed restarts, the latest data from grid operator RTE showed.
Washington (Platts)--18 Jul 2014 516 pm EDT/2116 GMT
The Electric Reliability Council of Texas cleared about 87,092 GWh of congestion revenue rights for the first half of 2016 for about $46 million absolute dollars, according to data the grid operator released Thursday.
Houston (Platts)--18 Jul 2014 258 pm EDT/1858 GMT
A new natural gas-fired power plant at the Port of Suape in Brazil's northeastern state of Pernambuco could increase LNG demand in Brazil by nearly 10,000 cu m/day (215,000 Mcf/d of gas) -- the equivalent of two standard-size LNG cargoes per month.
London (Platts)--18 Jul 2014 832 am EDT/1232 GMT
French prompt power for Monday delivery eased Friday as temperatures were set to fall back in line with seasonal norms, easing pressure on demand, while thundery showers will also decrease the need to curb nuclear output due to cooling water issues on river-based reactors, sources said.
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Louisville, Kentucky (Platts)--21 Jul 2014 500 pm EDT/2100 GMT
Kentucky's Owensboro Municipal Utilities planned to restart Unit 1 at its 425-MW Elmer Smith coal-fired power plant Monday afternoon after the unit was idled on Friday to remove a "clinker" that had formed in the boiler, a utility official said.
Singapore (Platts)--21 Jul 2014 728 am EDT/1128 GMT
Indonesian thermal coal suppliers were seeing some room for low-CV coal to be imported into the Chinese market, due to low domestic prices that had priced out seaborne cargoes of mid- to high-cv coal, sources said on Monday.
Washington (Platts)--18 Jul 2014 529 pm EDT/2129 GMT
Kansas City Southern executives said Friday that the short-term outlook for the utility coal business lacks visibility, as ongoing congestion over the rail network poses yet another hurdle for the domestic coal industry, already diminished by low and less volatile natural gas prices and related coal plant retirements.
Houston (Platts)--18 Jul 2014 555 am EDT/955 GMT
Eastern US over-the-counter thermal coal prices fell for a fourth straight session Thursday on the back of a weaker natural gas futures market and an absence of demand, sources said.
Houston (Platts)--17 Jul 2014 316 pm EDT/1916 GMT
A fire forced the shutdown Tuesday evening of Foresight Energy's Deer Run Mine in Montgomery County, Illinois, the company reported Thursday on its website.
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Singapore (Platts)--21 Jul 2014 954 am EDT/1354 GMT
The Panamax market in Asia Pacific started the week with low activity levels being reported ahead of forthcoming Ramadan holidays in Indonesia, shipping sources said Monday. "The owners are trying to be bullish but a fair amount of tonnage is opening [in Southeast Asia].
London (Platts)--21 Jul 2014 740 am EDT/1140 GMT
BP ended its bunker activity in the Mediterranean cargo port of Algeciras in the second half of June, after it ended the lease of a chartered bunker barge, traders said Monday.
London (Platts)--18 Jul 2014 302 pm EDT/1902 GMT
No new cargoes were heard of in the Atlantic Panamax market Friday and trans-Atlantic rates were unchanged as a growing tonnage list suppressed any increases, sources said.
London (Platts)--18 Jul 2014 717 am EDT/1117 GMT
The physical HSFO Med/North differential -- the premium of 3.5% sulfur FOB Mediterranean fuel oil cargoes to 3.5% FOB Rotterdam barges -- hit a two-month high Thursday of $3.50/mt, according to Platts data.
Singapore (Platts)--18 Jul 2014 521 am EDT/921 GMT
The premium for 380 CST bunker fuel delivered in Shanghai versus South Korea widened to a three-week high of $3.50/mt Thursday, as South Korean prices fell on strong selling pressure.
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Houston (Platts)--21 Jul 2014 501 pm EDT/2101 GMT
OCI Beaumont's methanol and ammonia unit in Beaumont, Texas, was shut Friday, the company said in a weekend filing with the Texas Commission on Environmental Quality.
London (Platts)--18 Jul 2014 233 pm EDT/1833 GMT
European propylene prices fell to a 2014 low this week as a downturn in downstream demand played on market sentiment.
Houston (Platts)--17 Jul 2014 710 pm EDT/2310 GMT
US chlor-alkali facilities operated at 87% capacity in June, data released Thursday by the Chlorine Institute showed, the highest effective operating rate since the 87% seen in May 2013.
London (Platts)--17 Jul 2014 834 am EDT/1234 GMT
The UK government is to provide a GBP230 million ($394 million) infrastructure loan guarantee to Ineos paving the way for construction of a new ethane import and storage terminal at its Grangemouth site in the UK, the company said in a statement Thursday.
Singapore (Platts)--17 Jul 2014 612 am EDT/1012 GMT
The spread between benzene and upstream toluene narrowed to $164/mt on Wednesday, the narrowest since January, due to benzene weakening even as toluene turned firmer.
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Louisville, Kentucky (Platts)--21 Jul 2014 616 pm EDT/2216 GMT
Lordstown, Ohio, will be the site of Canadian aluminum billet manufacturer Matalco's new $92 million greenfield remelt plant in the US, company officials said Monday.
Pittsburgh (Platts)--21 Jul 2014 421 pm EDT/2021 GMT
The US sheet market stayed relatively quiet Monday as chatter centered on the potential impact of Severstal North America's exit from the US market.
Maputo (Platts)--21 Jul 2014 749 am EDT/1149 GMT
Jindal Steel and Power's Mozambique coking coal is suffering from poor market conditions and shipping at $80/mt FOB Beira port, Jindal Africa's head of human resources, Anoop Kumar, said Monday. The product is a high-ash semi-hard coking coal with about 27-30% volatile matter, which is currently only being sold internally to parent company JSPL in India.
Hong Kong (Platts)--21 Jul 2014 738 am EDT/1138 GMT
China will shut 725,600 mt/year of outdated copper smelting capacity, including recycled copper capacity, before the end of September, the country's Ministry of Industry and Information Technology said on its website Friday.
London (Platts)--21 Jul 2014 738 am EDT/1138 GMT
The "worst may be behind" the gold market, as the price going forward will be increasingly supported by emerging market buying, BoA/Merrill Lynch said Monday in a research note.
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London (Platts)--21 Jul 2014 324 pm EDT/1924 GMT
Members of Argentinian biofuels association Carbio exported 118,100 mt of biodiesel in May, a year-on-year increase of 14.5 times, and a 141% rise compared with the previous month, according to data from the industry body Monday.
Houston (Platts)--18 Jul 2014 557 pm EDT/2157 GMT
The estimated production margin for a typical US Midwest dry-mill ethanol plant for the week that ended Friday rose 0.85 cent/gal, or 0.95%, to a six-week high of 91.51 cents/gal, a review of US Department of Agriculture and Platts data showed.
London (Platts)--18 Jul 2014 709 am EDT/1109 GMT
Ethanol demand in Brazil could increase by 8 billion liters (2.11 billion gallons) to over 30 billion liters a year if the government were to allow state-owned oil major Petrobras to sell gasoline at market prices, Luiz Roberto Pogetti, president of the board of sugar and ethanol cooperative Copersucar said Friday.
Lausanne, Switzerland (Platts)--17 Jul 2014 233 pm EDT/1833 GMT
Russia has harvested 22.2 million mt grains so far in the 2014 harvest from an area equal to 6.3 million hectares, or 13.6% of the total harvesting area, with an average yield of 3.53 mt/hectare, according to data published by the country's ministry of agriculture Wednesday.
Houston (Platts)--17 Jul 2014 235 pm EDT/1835 GMT
US rail transportation of grain products for the week ended July 12 totaled 17,124 cars, up 5.7% from the corresponding week in 2013, the Association of American Railroads said Thursday.
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