Skip Navigation LinksHome|News & Analysis|Latest News Headlines

Latest News Headlines

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

Oil

New York (Platts)--29 Aug 2014 445 pm EDT/2045 GMT
NYMEX October crude settled $1.41 higher at $95.96/barrel Friday amid still-strong fundamentals and a repricing-in of geopolitical risk.
Washington (Platts)--29 Aug 2014 149 pm EDT/1749 GMT
The Obama administration on Friday imposed sanctions on Faylaca Petroleum and several individuals for collaborating to "obscure the origin of Iranian gas condensate," the sale of which is restricted under current US sanctions against Iran.
Singapore (Platts)--29 Aug 2014 305 am EDT/705 GMT
Kuwait Petroleum Corp will be holding term discussions with its customers for its December 2014-November 2015 naphtha cycle over the week of September 22-26 in Singapore, market participants said Friday.
Kampala (Platts)--29 Aug 2014 820 am EDT/1220 GMT
The Ugandan government has raised its oil reserves to 6.5 billion barrels after the latest results from appraisal activities in the fields in three blocks in the Lake Albertine Rift basin, the state Petroleum Exploration and Production Department said in a statement Friday.
Tokyo (Platts)--29 Aug 2014 454 am EDT/854 GMT
Japan's Ministry of Economy, Trade and Industry aims to hike its budget for exploration and acquisitions in fiscal 2015-16 (April-March) with a focus on securing new assets in Africa and Latin America.
Previous News

Natural Gas

Washington (Platts)--29 Aug 2014 508 pm EDT/2108 GMT
More than 200 private drinking water wells have been contaminated by natural gas drilling activity in Pennsylvania since 2007, according to documents released late Thursday by the Pennsylvania Department of Environmental Protection.
Knoxville, Tennessee (Platts)--29 Aug 2014 401 pm EDT/2001 GMT
NYMEX October natural gas futures settled 2.1 cents higher at $4.065/MMBtu Friday as traders covered short positions ahead of the long US Labor Day holiday weekend.
Moscow (Platts)--29 Aug 2014 710 am EDT/1110 GMT
Russia's energy minister Alexander Novak Friday warned of a high risk of disruptions to deliveries of Russian gas to Europe in the upcoming winter season as Ukraine may start siphoning off gas from transit pipeline for its own needs.
Singapore (Platts)--28 Aug 2014 1134 pm EDT/334 GMT
Korea Gas Corp.
Washington (Platts)--28 Aug 2014 611 pm EDT/2211 GMT
The long-rumored candidacy of Arkansas utility regulator Colette Honorable for a seat on the US Federal Energy Regulatory Commission came to fruition late Thursday, as President Obama announced his intent to nominate her to replace the recently departed John Norris.
Previous News

Electric Power

Boston (Platts)--29 Aug 2014 402 pm EDT/2002 GMT
Duke Energy Carolinas and Duke Energy Progress failed to prove their plan to make excess generating capacity available to each other for free is just and reasonable, and not unduly discriminatory or preferential, the Federal Energy Regulatory Commission found in a order issued Thursday and posted Friday.
London (Platts)--29 Aug 2014 157 pm EDT/1757 GMT
Electrabel, the Belgian subsidiary of GDF Suez, said late Friday its Max Green Rodenhuize biomass power plant in Ghent restarted operations Thursday following an agreement reached with authorities and stakeholders over the renewal of green certificates.
London (Platts)--29 Aug 2014 816 am EDT/1216 GMT
German weekend power prices closed Friday at their highest level since the end of July, supported by a host of factors, sources said.
Washington (Platts)--28 Aug 2014 457 pm EDT/2057 GMT
The schedule for completing Georgia Power's 2,200-MW Vogtle nuclear plant expansion in Waynesboro, Georgia, is facing challenges, but contractors have a financial incentive to finish the units on time, the utility said Thursday in its semiannual report to the Georgia Public Service Commission.
London (Platts)--28 Aug 2014 802 am EDT/1202 GMT
Fuel used in electricity generation by major UK producers fell 8.5% in the second quarter as increased nuclear usage was offset by a stronger decline in coal burn, the UK's Department of Energy and Climate Change said Thursday.
Previous News

Coal

Houston (Platts)--29 Aug 2014 507 pm EDT/2107 GMT
A broker reported selling vintage 2014 annual NOx allowances for $49/allowance in the week that ended Friday, while SO2 allowances were unchanged.
London (Platts)--29 Aug 2014 817 am EDT/1217 GMT
The UK's monthly consumption of thermal coal for electricity generation fell to 1.77 million mt in June, its lowest since records began in 1995, according to data released Friday by the Department of Energy and Climate Change.
New Delhi (Platts)--29 Aug 2014 814 am EDT/1214 GMT
Various regions of northern and central India are facing a massive power shortage due to a severe coal crunch as state-run Coal India Ltd is unable to meet daily demand of around 1.5 million mt, according to a Central Electricity Authority official.
Houston (Platts)--28 Aug 2014 341 pm EDT/1941 GMT
US railroads delivered 115,050 coal carloads for the week ended August 23, down 3.3% from the prior week and 3.9% from the year-ago week, the Association of American Railroads said Thursday.
Singapore (Platts)--28 Aug 2014 804 am EDT/1204 GMT
Some thermal coal buyers were turning to larger Indonesian miners to secure shipments amid uncertainty surrounding the new export license regulation in Indonesia, sources said Thursday.
Previous News

Shipping

Houston (Platts)--29 Aug 2014 622 pm EDT/2222 GMT
The New York jet fuel barge differential jumped 10.50 cents Friday to its highest level since the aftermath of Hurricane Ike in 2008 as traders hunted for barrels in a market where stocks are near 18-year lows, demand is near eight-year highs and pipeline issues hamper delivery.
London (Platts)--29 Aug 2014 153 pm EDT/1753 GMT
Freight rates in the US Gulf Coast were static Friday, with shipping sources reporting that all early September requirements were covered.
Cape Town (Platts)--29 Aug 2014 707 am EDT/1107 GMT
Somalia has taken its maritime border dispute with Kenya to the United Nations' top court which could settle a dispute and pave the way for oil and gas exploration.
London (Platts)--28 Aug 2014 521 pm EDT/2121 GMT
Sentiment in the Atlantic shipping market rose Thursday as sources reported a number of fresh mineral requirements from the US Gulf and East coasts.
London (Platts)--27 Aug 2014 521 pm EDT/2121 GMT
Front-haul rates are rising in the US Gulf as more grain stems come onto the market and the tonnage list is thin, sources said Wednesday.
Previous News

Petrochemicals

Buenos Aires (Platts)--29 Aug 2014 506 pm EDT/2106 GMT
Argentine polymer and synthetic rubber output rose 31.4% in July compared with the year-earlier period, the state statistics office Indec said Friday.
London (Platts)--29 Aug 2014 822 am EDT/1222 GMT
Sentiment in the European methanol market has been firming on a number of production problems, and spot prices have risen by 6.8% during August to hit the highest level in the past 15 weeks Friday, Platts data showed.
Singapore (Platts)--29 Aug 2014 719 am EDT/1119 GMT
* Last week's price cut prompts replenishing
Houston (Platts)--28 Aug 2014 347 pm EDT/1947 GMT
US vinyls producer Axiall will implement a 2-cent/lb price increase for all grades of PVC resin effective September 1, according to a letter sent to customers Thursday.
Singapore (Platts)--28 Aug 2014 810 am EDT/1210 GMT
Asian paraxylene buyers placed their counterbids for September at $1,200-1,250/mt CFR, more than $100/mt lower than nominations for the Asian contract price, a source close to the negotiations said Thursday.
Previous News

Metals

Pittsburgh (Platts)--29 Aug 2014 511 pm EDT/2111 GMT
Transactions in the US sheet steel market were limited on Friday ahead of the Labor Day holiday weekend.
Santiago (Platts)--29 Aug 2014 152 pm EDT/1752 GMT
Chile's Codelco produced 877,000 mt of copper during the first six months of the year, up 4% from the same period of last year, CFO Ivan Arriagada said Friday.
London (Platts)--29 Aug 2014 735 am EDT/1135 GMT
Sentiment for the price of ferrous scrap remained mostly unchanged on Thursday, though some sources said the market could weaken.
London (Platts)--29 Aug 2014 733 am EDT/1133 GMT
Molybdenum oxide prices slipped Thursday, as sources said lower offers were receiving little feedback from potential buyers as soft demand continued.
Pittsburgh (Platts)--29 Aug 2014 732 am EDT/1132 GMT
Despite a recent downturn in hot-rolled coil pricing, buy-side sources remained optimistic Thursday that the market will be relatively stable through year-end.
Previous News

Agriculture

Buenos Aires (Platts)--29 Aug 2014 442 pm EDT/2042 GMT
Argentine biodiesel production shot up 73% in June compared with the year-earlier period, while ethanol output went up 20% over the same period, a government statistics agency said Friday.
Houston (Platts)--28 Aug 2014 346 pm EDT/1946 GMT
Weekly net export sales of US corn tumbled back into negative territory for the second time in the last three reporting weeks amid vast order cancellations, US Department of Agriculture data showed Thursday.
Montreal (Platts)--27 Aug 2014 510 pm EDT/2110 GMT
Brazilian ethanol exports in the month of August are likely to be the lowest in five months, according to the most recent data from Brazilian international trade agency SECEX.
Rio de Janeiro (Platts)--26 Aug 2014 1133 am EDT/1533 GMT
Brazilian cane-grower's association Unica reduced its estimate for ethanol production during the 2014-15 harvest as poor weather across the important center-south region is expected to reduce the volume of sugar cane available for crushing, the trade group said Tuesday.
Montreal (Platts)--25 Aug 2014 402 pm EDT/2002 GMT
Hydrous fuel ethanol retail prices in Brazil in the week that ended Saturday were competitive in the country's Southeast region at an average of 67.3% of the gasoline price, National Petroleum Agency data showed Monday, but less so than a year earlier.
Previous News





Stay connected with Platts

rssgoogleplus