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

Oil

Washington (Platts)--28 Apr 2017 1242 pm EDT/1642 GMT
The Trump administration has launched a review of the current five-year US federal offshore lease sale plan in an effort aimed at opening federal waters currently off limits to oil and natural gas drilling.
Moscow (Platts)--28 Apr 2017 941 am EDT/1341 GMT
Russian energy minister Alexander Novak said Friday that the country has reached a cut of 300,000 b/d of crude production from October levels, as agreed under an OPEC/non-OPEC deal to curb output, the Tass news agency reported.
Lagos (Platts)--28 Apr 2017 939 am EDT/1339 GMT
The Nigerian government is working on a long-term plan to replace the use of refined oil products with LPG in a bid to further reduced fuel imports, which have become a drain on the country's dwindling foreign exchange earnings, Oil Minister Emmanuel Kachikwu said Friday.
Singapore (Platts)--28 Apr 2017 554 am EDT/954 GMT
China's apparent demand for gasoline edged up 1% year on year in March and for LPG and naphtha fell 2.9% and 2.3% respectively, according to S&P Global Platts calculations based on latest official data.
New York (Platts)--27 Apr 2017 545 pm EDT/2145 GMT
A cargo of US Bakken crude is heading to Asia, adding to the widening list of Western crude moving eastward amid the narrowing spread between low sulfur crude in the West against high sulfur crude in the East, sources said Thursday.
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Natural Gas

Washington (Platts)--28 Apr 2017 317 pm EDT/1917 GMT
On Friday, President Donald Trump signed an executive order aimed at increasing US offshore oil and natural gas production.
London (Platts)--28 Apr 2017 942 am EDT/1342 GMT
The ruling from the Stockholm court of arbitration regarding the first gas dispute case between Russia's Gazprom and Ukraine's Naftogaz Ukrayiny is now expected only at the end of May, a source close to the matter said Friday. The ruling in the case surrounding the supply and pricing of Russian gas to Ukraine since 2009 had been expected by the end of April.
Singapore (Platts)--27 Apr 2017 1103 pm EDT/303 GMT
The Australian government's decision to enforce export controls on LNG to protect domestic supply has raised concerns among Queensland LNG exporters, which have international contractual commitments for more than 25 million mt, mainly with northeast Asian buyers.
Punta del Este, Uruguay (Platts)--27 Apr 2017 539 pm EDT/2139 GMT
Pluspetrol, the third-biggest oil producer in Argentina, plans to invest $160 million in a pilot project for the Centenario Centro block in the southwestern province of Neuquen, targeting natural gas in the Vaca Muerta shale play, the province's governor said.
London (Platts)--27 Apr 2017 804 am EDT/1204 GMT
Gas supply contracts with Russia's Gazprom are increasingly linked to trading hubs in Europe with fewer sales indexed to oil products, the gas giant said in its 2016 financial report published Thursday.
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Electric Power

Washington (Platts)--28 Apr 2017 412 pm EDT/2012 GMT
A federal appeals court Friday suspended lawsuits over the Environmental Protection Agency's carbon rules affecting power plants in a move that is likely to benefit President Donald Trump's efforts to unravel the prior administration's climate agenda.
London (Platts)--28 Apr 2017 952 am EDT/1352 GMT
German day-ahead prices weakened ahead of the weekend and nationwide May Holiday due to lower demand and a strong increase in renewables output.
Mexico City (Platts)--27 Apr 2017 543 pm EDT/2143 GMT
Mexico expects to issue tenders to build five transmission lines worth $6.6 billion before the administration of President Pena Nieto ends, an official with Mexico's Energy Secretariat (SENER), said.
Houston (Platts)--26 Apr 2017 119 pm EDT/1719 GMT
The US electricity sector faces many uncertainties in the spring of 2017, but the resurgence of coal-fired generation is not among them -- it will not happen.
Warsaw (Platts)--26 Apr 2017 943 am EDT/1343 GMT
Polska Grupa Energetczna (PGE), Poland's largest utility, wants the government to introduce a capacity market this year so that its conventional units will receive support before proposed EU emissions standards take effect.
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Coal

Houston (Platts)--28 Apr 2017 409 pm EDT/2009 GMT
A Murray Energy subsidiary has notified an Illinois state agency that it plans to lay off 255 employees in three months in a move that industry sources say would likely shut one of the company's top producing Illinois Basin mines.
Houston (Platts)--27 Apr 2017 540 pm EDT/2140 GMT
Brokers noted a more active US Cross-State Air Pollution Rule market this week, with an increase bids and offers but no trades.
Sydney (Platts)--27 Apr 2017 949 am EDT/1349 GMT
Australia-listed South32 has lowered its fiscal 2016-2017 (July-June) coal production guidance for its South African thermal coal assets with export volumes taking the hit.
Houston (Platts)--26 Apr 2017 549 pm EDT/2149 GMT
February's US power demand of 288.4 TWh, which the US Energy Information Administration announced Tuesday, was the lowest total in the last seven years.
London (Platts)--26 Apr 2017 944 am EDT/1344 GMT
Carbon market industry group the International Emissions Trading Association has urged the UK to stay in the EU Emissions Trading System after it leaves the EU in 2019.
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Shipping

London (Platts)--28 Apr 2017 954 am EDT/1354 GMT
Bunker prices at Istanbul in Turkey lost their usual premium over levels at the nearby port of Piraeus in Greece Thursday, as the start of cruise season strengthened demand at the Greek port.
Singapore (Platts)--28 Apr 2017 953 am EDT/1353 GMT
Singapore has launched its first technical reference for liquefied natural gas bunkering as the country prepares to be an LNG-ready port by 2020.
Singapore (Platts)--28 Apr 2017 505 am EDT/905 GMT
Global shipping company Teekay is eyeing having more dirty ships in its pools and expects larger crude volumes to be exported from the US, which will support freight rates, company President and CEO Kenneth Hvid said Wednesday.
Singapore (Platts)--27 Apr 2017 950 am EDT/1350 GMT
The Maritime and Port Authority of Singapore and PSA Singapore will invest a combined S$30 million ($21.5 million) to boost research and test-bedding of new technologies for Singapore's future Tuas Terminal as well as automation and robotics in the maritime sector, MPA said Thursday.
London (Platts)--27 Apr 2017 951 am EDT/1351 GMT
The traditional premium of 380 CST fuel oil at Malta over the high sulfur Med CIF cargo regional benchmark hit a six-week low Wednesday, as recent strong demand at the island slackened.
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Petrochemicals

Houston (Platts)--28 Apr 2017 411 pm EDT/2011 GMT
LyondellBasell continues to ramp up ethylene production recently expanded steam cracker at Corpus Christi, Texas, and anticipates running at full rates by the end of the second quarter, CEO Bob Patel said Friday.
London (Platts)--28 Apr 2017 1003 am EDT/1403 GMT
The Northwest European reformate and gasoline blending complex has taken a bearish turn on uncertainty over the potential introduction of consumption taxes on mixed aromatics imports by the Chinese authorities.
Singapore (Platts)--28 Apr 2017 550 am EDT/950 GMT
China Petroleum and Chemical Corp., or Sinopec, has raised its ex-works butadiene offers in eastern China on Friday to Yuan 11,000/mt, or about $1,337/mt on an import parity basis, up Yuan 500/mt or 4.8% day on day, market sources said.
London (Platts)--28 Apr 2017 551 am EDT/951 GMT
European styrene's export arbitrage remains closed despite ample supply, according to sources.
Houston (Platts)--27 Apr 2017 541 pm EDT/2141 GMT
Dow Chemical remains on pace for a mid-2017 startup of its world-scale steam cracker in Texas, potentially bringing the new capacity online ahead of competitors on the US Gulf Coast coming on stream, the company said Thursday during an earnings call.
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Metals

Santiago (Platts)--28 Apr 2017 415 pm EDT/2015 GMT
Chile produced 378,261 mt of copper in March, down 23.1% from the year-ago month, as a strike at the world's largest copper mine bit into output, government data showed Friday.
London (Platts)--28 Apr 2017 958 am EDT/1358 GMT
Norsk Hydro is raising its aluminum demand growth forecast for this year, the Norwegian producer said Friday.
London (Platts)--28 Apr 2017 957 am EDT/1357 GMT
European ferrovanadium came off on the week as sources said offers from producers and traders were splitting the market.
Singapore (Platts)--28 Apr 2017 956 am EDT/1356 GMT
The Chinese domestic price of iron ore concentrates rose Yuan 85/dmt ($12.30/dmt), or 15.3%, on the week, after three consecutive weeks of falls, mainly due to a recent rebound in domestic steel prices, market sources said Friday.
Hong Kong (Platts)--28 Apr 2017 504 am EDT/904 GMT
World's top gold producer and consumer China produced 101.197 mt (2.95 million oz) of gold in the first quarter of 2017, decreasing 9.3% from 111.563 mt achieved a year earlier, the China Gold Association said Friday in a statement.
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Agriculture

Houston (Platts)--28 Apr 2017 410 pm EDT/2010 GMT
US biodiesel production rose 1 million gallons month on month in February to 94 million gallons, with 71% of that production coming from the Midwest, 1% percentage point higher than in January, US Energy Information Administration data showed Friday.
New York (Platts)--27 Apr 2017 1051 am EDT/1451 GMT
Northeast Brazil sugarcane producers have gained the support of the country's Ministry of Foreign Affairs concerning the return of a 20% ethanol imports tariff, industry association Sindacucar Pernambuco said Wednesday.
London (Platts)--27 Apr 2017 957 am EDT/1357 GMT
Finland-based refiner Neste's renewable diesel sales totaled 543,000 mt in the first quarter of 2017, a 2.3% increase on the year, but a fall of 18.0% from the final quarter of 2016, the company said in its first-quarter financial statement Thursday.
Singapore (Platts)--27 Apr 2017 258 am EDT/658 GMT
The average palm oil price forecast on the Bursa Malaysia for second-quarter 2017 was revised marginally downwards to Malaysian ringgit 2,500/mt, or $574.85/mt, in Rabobank's latest monthly commodities forecast released late Wednesday.
Sao Paulo, Brazil (Platts)--26 Apr 2017 553 pm EDT/2153 GMT
The 2017-18 sugarcane crush in Center-South Brazil is expected to reach 585 million mt, down 3.65% from the 2016-17 season, industry association UNICA said Wednesday.
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