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)--31 Oct 2014 404 pm EDT/2004 GMT
Many analysts have chalked up the recent weakness in prompt oil futures to a stronger dollar, weakening global demand and unabated supply length due to the US shale revolution.
New York (Platts)--31 Oct 2014 351 pm EDT/1951 GMT
ICE December Brent futures closed 38 cents lower at $85.56/b Friday as the US dollar surged, putting pressure on crude prices.
Washington (Platts)--31 Oct 2014 333 pm EDT/1933 GMT
A series of questions the US Commerce Department has sent to companies hoping to export processed condensate indicate that administration officials are considering an API gravity cutoff for permitted exports and are concerned about its rulings applying more broadly to crude oil exports.
London (Platts)--31 Oct 2014 849 am EDT/1249 GMT
The wide premium of 92 RON Singapore gasoline cargoes to FOB Northwest Europe Eurobob gasoline barges -- the East/West spread -- prompted typically short Persian Gulf gasoline importers to seek barrels from NWE as the Asian market remained tight and high demand in the Mediterranean pushed up prices, sources said.
Beijing (Platts)--31 Oct 2014 645 am EDT/1045 GMT
China has reduced retail gasoline and diesel prices by Yuan 245/mt ($40.07/mt) and Yuan 235/mt, respectively, in line with falling crude oil prices.
Previous News

Natural Gas

Buenos Aires (Platts)--31 Oct 2014 417 pm EDT/2017 GMT
Natural gas consumption in Argentina rose 3.3% to an average of 133.1 million cubic meters/d in September compared with 128.9 million cu m/d in the year-earlier period, government statistics agency Indec said Friday.
Brussels (Platts)--31 Oct 2014 839 am EDT/1239 GMT
Russia and Ukraine have signed deals to secure gas supplies to Ukraine until the end of March at prices below $385 per 1,000 cubic meters, ending months of talks, the European Commission said early Friday.
Singapore (Platts)--31 Oct 2014 834 am EDT/1234 GMT
Japan's 10 major utilities consumed 27.45 million mt of LNG in the six months to end September, up 1.2% from a year earlier, while coal use slipped 0.8% year-on-year to 28.68 million mt, the Federation of Electric Power Companies of Japan said Friday.
Knoxville, Tennessee (Platts)--30 Oct 2014 541 pm EDT/2141 GMT
The NYMEX December natural gas futures contract settled 3.9 cents higher at $3.827/MMBtu on Thursday in its first day in the prompt position after a storage report that was largely in line with expectations.
Tokyo (Platts)--30 Oct 2014 722 am EDT/1122 GMT
The world's top LNG buyers and producers are returning to Tokyo next week for a third round of public forums, and discussion is expected to focus on whether prospective gas-linked US supplies will still be cheaper than traditional oil-indexed contracts given crude benchmarks recently dropping to near four-year lows.
Previous News

Electric Power

Birmingham, Alabama (Platts)--31 Oct 2014 353 pm EDT/1953 GMT
PPL Electric's proposal to have power procured on the spot market for a greater number of commercial and industrial customers should be denied, an administrative law judge in Pennsylvania said in a recommended decision made public Friday.
London (Platts)--31 Oct 2014 955 am EDT/1355 GMT
German prompt power prices remained bearish Friday as strong wind power output coincided with low demand due to the All Saints holiday and mild weather forecasts for the start of November, although slightly colder and less windy conditions were set to take hold in the second half of next week, according to sources.
Houston (Platts)--30 Oct 2014 556 pm EDT/2156 GMT
CPS Energy can mothball a unit at its 1,074-MW natural gas-fired VH Braunig plant near San Antonio, the Electric Reliability Council of Texas said Thursday.
London (Platts)--30 Oct 2014 954 am EDT/1354 GMT
The French government is attempting to identify the owner or owners of drone aircraft that were illegally flown over seven of EDF's French nuclear plants this month, Interior Minister Bernard Cazeneuve said Thursday.
London (Platts)--29 Oct 2014 948 am EDT/1348 GMT
German day-ahead power prices Wednesday rose to their highest level since early March as a lull in wind power output tightened supply, sources said.
Previous News

Coal

Louisville, Kentucky (Platts)--31 Oct 2014 559 pm EDT/2159 GMT
We Energies wants to spend $62 million to double the coal storage area at the 2,400-MW Oak Creek power plant on Lake Michigan south of Milwaukee, Wisconsin, so that it can blend more Powder River Basin coal with Eastern coal on site and provide a hedge against inconsistent rail deliveries.
Manila (Platts)--31 Oct 2014 807 am EDT/1207 GMT
Indonesian state-owned Tambang Batubara Bukit Asam (PTBA) produced 12.5 million mt of coal in the first nine months of the year, an increase of 15% compared with the same period of last year, the company said in a statement posted on its website Friday.
Houston (Platts)--30 Oct 2014 420 pm EDT/2020 GMT
Weekly coal carloads originated by US railroads totaled 115,551 in the week that ended Saturday, up 4.6% from the prior week and 3.7% above the year-ago week, the Association of American Railroads said Thursday.
London (Platts)--30 Oct 2014 949 am EDT/1349 GMT
The UK's rate of thermal coal burn continued to plummet to new lows with just 1.498 million mt consumed during August, the country's lowest monthly total since records began in 1995, according to data by the Department of Energy and Climate Change Thursday.
Singapore (Platts)--30 Oct 2014 948 am EDT/1348 GMT
Guangdong province, southern China's economic hub, imported 4.31 million mt of coal in September, down 2.1% from the previous month and lower by 6.1% on the year, according to Chinese customs data.
Previous News

Shipping

London (Platts)--31 Oct 2014 352 pm EDT/1952 GMT
The Atlantic Supramax freight market continued to deal with an excess of ships Friday, with the number of inquiries from charterers insufficient to provide any support for prices, sources said.
Singapore (Platts)--31 Oct 2014 642 am EDT/1042 GMT
A dearth of fresh cargoes coupled with surplus tonnage has seen the key Handysize Alumina freight rate from Western Australia's Bunbury/Kwinana ports to the North China port of Lianyungang fall below the $19/mt mark for the first time since Platts began assessing the route four years ago.
London (Platts)--30 Oct 2014 500 pm EDT/2100 GMT
Despite rising US feedstock differentials, the vacuum gasoil arbitrage from Northwest Europe to the US remains constrained amid a glut of VGO in storage on the Gulf Coast and expensive Panamax freight rates, sources said Thursday.
Houston (Platts)--30 Oct 2014 421 pm EDT/2021 GMT
US jet fuel exports in August rose to a record 6.63 million barrels, according to data released Thursday by the Energy Information Administration, with large draws from Canada and Africa that sources said have remained strong.
London (Platts)--30 Oct 2014 956 am EDT/1356 GMT
Black Sea-Mediterranean Handysize freight rates, basis 30,000 mt, have hit a six-year high on the back of a rise in the number of cargoes in the market and weather delays from storms in the Black Sea, shipping sources said.
Previous News

Petrochemicals

Houston (Platts)--31 Oct 2014 356 pm EDT/1956 GMT
US ethylene dichloride production in the third quarter of 2014 rose 3.63% compared with the prior quarter and 7.64% compared with the year-ago period, according to data released Friday by the American Fuel and Petrochemical Manufacturers.
London (Platts)--31 Oct 2014 956 am EDT/1356 GMT
Spot steam cracker margins will probably be cut by lower November contract prices for ethylene and propylene, according to naphtha and LPG sources Friday, as prices of the feedstocks of choice stabilized in Europe.
Singapore (Platts)--31 Oct 2014 847 am EDT/1247 GMT
The November/December time spread in Asia's toluene market has flipped into a contango structure after cargo loadings were postponed from October to November, boosting next month's supply. The November/December spread in the physical market reversed to a contango of minus $6/mt on Thursday, from a backwardation of plus $5/mt on Wednesday, clearly reflecting prompt weakness in the market, Platts data showed.
Houston (Platts)--29 Oct 2014 505 pm EDT/2105 GMT
Ethylene spot prices in Louisiana rose Wednesday on news that a restart of the the Evangeline pipeline system will be delayed, sources said.
London (Platts)--29 Oct 2014 841 am EDT/1241 GMT
The European spot price of MTBE was assessed at $1,033/mt FOB ARA on Tuesday, pegging the factor to Ebob gasoline at 1.34.
Previous News

Metals

Sao Paulo (Platts)--31 Oct 2014 355 pm EDT/1955 GMT
Brazilian ferrous scrap dealers were forced to cut prices by 5% for November deliveries, as steelmaking activity remains in the doldrums, resulting in a significant reduction in scrap purchases.
Sao Paulo (Platts)--31 Oct 2014 354 pm EDT/1954 GMT
A Bolivia-China partnership is studying the feasability of a 1 million mt/year iron ore processing plant in the Mutun integrated steel project, Bolivian Vice President Alvaro Garcia Linera said Friday.
Tokyo (Platts)--31 Oct 2014 840 am EDT/1240 GMT
Japanese buyers of molybdenum oxide see prices averaging around $9.60/lb in 2015, according to a survey conducted by Platts amid the 2015 contract negotiations.
Singapore (Platts)--31 Oct 2014 739 am EDT/1139 GMT
The Chinese domestic iron ore concentrate price was unchanged over the week in an overall stable domestic steel market, industry sources said Friday.
Pittsburgh (Platts)--30 Oct 2014 458 pm EDT/2058 GMT
US ferrous scrap prices softened further Thursday as the once nearly-insulated domestic prices moved closer in line with international markets.
Previous News

Agriculture

Singapore (Platts)--31 Oct 2014 927 am EDT/1327 GMT
Two Philippine potable distillers plan to sell locally produced ethanol to oil companies in the first quarter of next year, according to sources from both firms.
London (Platts)--31 Oct 2014 822 am EDT/1222 GMT
The European ethanol cash premium fell to its lowest level over the front-month swap in nearly two months Thursday, with the cash contract hitting a two-week low of Eur469/cubic meter ($589/cu m, down Eur5 from the previous session and taking its premium over the November swap down to Eur12/cu m, a fall of Eur7/cu m.
Montreal (Platts)--30 Oct 2014 456 pm EDT/2056 GMT
An increase in Brazil's subsidized gasoline prices by state-owned oil company Petrobras is understood to be getting ever closer.
Houston (Platts)--29 Oct 2014 247 pm EDT/1847 GMT
US ethanol stocks for the week ended October 24 plunged 901,000 barrels to a five-month low of 17.039 million barrels, Energy Information Administration data showed Wednesday.
London (Platts)--29 Oct 2014 248 pm EDT/1848 GMT
The Egyptian authorities' determination to curb wheat imports might be hampered by lower output and the failure to reduce consumption over the 2014-15 crop year (July-June), market sources say.
Previous News

Regional Focus


Africa news, data, & analysis
Latin America news, data, & analysis

Related Product


Global Alert provides up-to-the-minute developments, price discovery, and market commentary for the world's crude and product market, ensuring you have the critical information you need to make profitable decisions.

Global AlertContact Sales

Related News & Analysis


Energy Spotlight Podcast Global Oil Markets Podcast The Barrel Blog




© 2014 Platts, McGraw Hill Financial. All rights reserved.