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Oil

London (Platts)--27 May 2016 904 am EDT/1304 GMT
Kazakhstan's CPC Blend differentials to Dated Brent fell sharply this week to levels last seen mid-July 2014, due to tepid demand, lackluster light-end cracks and a long June program.
London (Platts)--27 May 2016 905 am EDT/1305 GMT
Nigeria's crude oil and condensate production has fallen almost 50% from the start of the year to around 1.1 million b/d, an official from state oil firm Nigerian National Petroleum Corp.
New Delhi (Platts)--27 May 2016 453 am EDT/853 GMT
Indian state-owned upstream company Oil & Natural Gas Corp said Thursday it would bid for marginal oil fields that it had previously discovered, in the latest round of offerings.
Houston (Platts)--26 May 2016 624 pm EDT/2224 GMT
The WTS Midland differential reached its highest level since mid-January on Wednesday, boosted up by a decline in competing heavy sour Canadian crude due to the Alberta wildfires, according to market sources.
Lagos (Platts)--26 May 2016 830 am EDT/1230 GMT
Nigeria's bid to get private investors including foreign oil companies, to manage its four oil refineries may have run into a hitch after lawmakers in the lower legislative chamber House of Representatives called for a halt to the process, state oil firm Nigerian National Petroleum Corporation said Thursday.
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Natural Gas

Tokyo (Platts)--27 May 2016 910 am EDT/1310 GMT
Platts JKM for July-delivery LNG cargoes ended the Asian trading session at $4.70/MMBtu Friday, up 7.5 cents/MMBtu on the week as market sentiment firmed up on the back of gains in oil price as well as the UK NBP hub price.
London (Platts)--27 May 2016 908 am EDT/1308 GMT
US LNG exports will be a loss-making enterprise at some point in the next 20 years "with 100% probability", a leading official at Russian gas giant Gazprom said this week, as the monopoly continues to hit out at the prospect of US LNG competing with Russian gas in Europe.
London (Platts)--27 May 2016 912 am EDT/1312 GMT
Monthly French natural gas exports to Spain look set to fall to their lowest levels in over five-and-a-half years in May as a combination of unfavorable price spreads, lower demand and strikes in France led to flows between the two countries falling, an analysis by S&P Global Platts shows.
Singapore (Platts)--27 May 2016 514 am EDT/914 GMT
Liquidity in the LNG derivatives markets is expected to increase as the Japanese power and gas markets undergo deregulation, a panel of experts said at the LNG and Natural Gas Markets Conference 2016, held in Singapore May 26-27.
Houston (Platts)--26 May 2016 620 pm EDT/2220 GMT
The NYMEX June natural gas futures contract rolled off the board Thursday at $1.963/MMBtu, down 2.9 cents.
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Electric Power

Kiev (Platts)--27 May 2016 915 am EDT/1315 GMT
Ukraine plans to build and upgrade power transmission lines to Poland and Hungary in order to increase power exports there, EnergoAtom president Yuriy Nedashkovskiy said Thursday.
Houston (Platts)--27 May 2016 914 am EDT/1314 GMT
As access to energy resources has become more decentralized, price volatility is likely to grow, attendees of KPMG's 2016 Global Energy Conference in Houston learned Thursday.
London (Platts)--26 May 2016 803 am EDT/1203 GMT
The German Federal Environment Agency has extended the contract with European Energy Exchange (EEX) to remain as the auction platform for the country's CO2 emission allowances, EEX said on Thursday.
Louisville, Kentucky (Platts)--26 May 2016 802 am EDT/1202 GMT
American Electric Power, perhaps the quintessential coal-burning utility in the US, could look far different in 2034, as the it plans to add more than 8,000 MW of renewables and another 3,400 MW of natural gas-fired generation over the next two decades, the Columbus, Ohio-based company said in its newly released corporate accountability report.
London (Platts)--25 May 2016 906 am EDT/1306 GMT
Day-ahead power prices were bearish Wednesday as temperatures were forecast to rise by some 3 C on the day Thursday, with declines limited, however, by concerns that the EDF strike Thursday could result in capacity cuts, sources said.
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Coal

Brussels (Platts)--27 May 2016 916 am EDT/1316 GMT
Spain's plans to use Eur2.13 billion ($2.4 billion) to mitigate the economic and social impact of closing 26 uncompetitive coal mines early are in line with EU state aid rules, the European Commission said Friday.
Hanoi (Platts)--27 May 2016 216 am EDT/616 GMT
Thailand imported 1.93 million mt of coal in April, rising 13.8% from the same month last year, Customs Department data released Thursday showed.
Houston (Platts)--26 May 2016 618 pm EDT/2218 GMT
Pricing for both Seasonal NOx and Annual NOx allowances slipped for the second straight week in an inactive US Cross-State Air Pollution Rule emissions market.
New Delhi (Platts)--26 May 2016 533 am EDT/933 GMT
State-owned Coal India Limited will be auctioning coal linkages for the sponge iron sector initially as part of a government directive to hold an auction for unregulated sectors such as cement, steel, aluminum and power, CIL said Wednesday.
Barcelona (Platts)--25 May 2016 924 am EDT/1324 GMT
Italian renewable energy association assoRinnovabili has called for an overhaul of the country's energy policy including the adoption of a carbon floor price, a tax on carbon emitting imports and the labeling of the carbon footprint on EU-made products.
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Shipping

Barcelona (Platts)--27 May 2016 920 am EDT/1320 GMT
Spanish LNG terminals will receive 15 LNG cargoes in July and none for a total net intake of 1.92 million cu m, according to initial nominations published by gas grid operator Enagas Friday.
Houston (Platts)--26 May 2016 622 pm EDT/2222 GMT
The Panama Canal Authority has suspended a third draft restriction for vessels transiting the canal indefinitely, due to the "arrival of the rainy season," it said in a shipping advisory.
London (Platts)--26 May 2016 806 am EDT/1206 GMT
Rotterdam delivered bunker fuel premiums to ex-wharf material moved to their widest in over eight weeks Wednesday due to short supply in Rotterdam.
Singapore (Platts)--26 May 2016 805 am EDT/1205 GMT
Flagging asset prices and limited financing in the dry bulk shipping market have resulted in a spike in the secondhand sale of Supramax and Handysize vessels, a shipbroking and research house said Thursday.
London (Platts)--26 May 2016 757 am EDT/1157 GMT
The dry bulk freight market is suffering its worst period in decades. However, even this bearish environment can bring some interesting opportunities for the right shipping players.
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Petrochemicals

London (Platts)--27 May 2016 921 am EDT/1321 GMT
MTBE, an octane booster which is banned in US finished-grade gasoline, has fallen in value in Northwest Europe this week amid demand on the US Atlantic Coast for gasoline imports, sources said.
Houston (Platts)--26 May 2016 621 pm EDT/2221 GMT
Mexico's Braskem-Idesa has delayed the start up of its third polyethylene line at the Etileno XXI petrochemical complex due to a lack of ethane supplies, a company source said Thursday.
London (Platts)--26 May 2016 810 am EDT/1210 GMT
Buyers of styrene in Europe have called for a rollover or a cut of up to Eur40/mt (around $44.75/mt) in the styrene June contract price citing a fall in styrene production costs.
Singapore (Platts)--26 May 2016 145 am EDT/545 GMT
Overall annualized operation rate across China's coal-based polyethylene plants is likely to remain relatively low this year, at 63%-70% capacity, as plant operators grapple with competition against the more cost-effective naphtha-based plants amid overall weak demand, S&P Global Platts calculations and industry sources said this week.
Houston (Platts)--25 May 2016 539 pm EDT/2139 GMT
The second June US butadiene contract price nomination was 3 cents/lb ($66/mt) higher than May, sources said Wednesday.
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Metals

Pittsburgh (Platts)--27 May 2016 923 am EDT/1323 GMT
The US International Trade Commission will institute a Section 337 of the Tariff Act of 1930 investigation of all carbon and alloy steel products from China, the ITC said Thursday.
London (Platts)--27 May 2016 924 am EDT/1324 GMT
The lack of physical uptake for gold bullion could leave the price vulnerable to corrections was the view of UBS Friday, as investors lack any gauge on fundamentals.
London (Platts)--27 May 2016 927 am EDT/1327 GMT
Steel operating metrics globally are swinging wildly, with low iron ore prices and relatively supported scrap prices indicating potential changes in trade flows of steel products and utilization rates.
Singapore (Platts)--27 May 2016 553 am EDT/953 GMT
China's domestic price for iron ore concentrates fell Yuan 40/dry metric ton ($6.10/dmt) or 7.3% this week as miners opted to give in and follow the softening in seaborne iron ore prices, market sources said Friday.
Tokyo (Platts)--27 May 2016 223 am EDT/623 GMT
India's Tata Steel plans to bring its 50,000 mt/year Gopalpur high-carbon ferrochrome plant in Odisha state on stream in late June, after a delay of six months, a company source said Friday.
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Agriculture

Houston (Platts)--26 May 2016 620 pm EDT/2220 GMT
Ethanol truck prices in Minnesota and Wisconsin are climbing ahead of the US Memorial Day holiday weekend, sources said Thursday, with one noting that prices have been trending up for about 10 days.
Houston (Platts)--25 May 2016 555 pm EDT/2155 GMT
The amount of US corn used for domestic ethanol production in the week ended May 20 was 99.330 million bushels, down just 0.21% week on week, according to S&P Global Platts estimates based on US Energy Information Administration data released Wednesday.
London (Platts)--25 May 2016 926 am EDT/1326 GMT
Estimated crush margins for ethanol producers in Europe narrowed Tuesday to multi-day lows as rising feedstock prices cut into healthy spreads.
London (Platts)--25 May 2016 927 am EDT/1327 GMT
The bean oil-gasoil (BOGO) margin fell to a 176-day low Tuesday evening of $238.89/mt, down from $242.29/mt Monday alongside a softening vegoil complex both in Europe and the US.
Singapore (Platts)--24 May 2016 1149 pm EDT/349 GMT
China's ethanol imports declined by 46.68% to 53,142 cu m in April, from 99,661 cu m in March, according to data released Tuesday by the General Administration of Customs.
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