Skip Navigation LinksHome|News & Analysis|Latest News Headlines

Latest News Headlines

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


London (Platts)--27 Feb 2015 806 am EST/1306 GMT
A strengthening North Sea crude oil market has caused deeper backwardation in the CFD curve, encouraging European refiners to run crude from their own storage, traders said, affecting a wide variety of regional grades.
London (Platts)--27 Feb 2015 650 am EST/1150 GMT
Angola hopes to achieve its long-held crude production target of 2 million b/d by the beginning of 2016, state oil company Sonangol said Friday.
Singapore (Platts)--27 Feb 2015 226 am EST/726 GMT
The Singapore oil products/Dubai crude cracking margin rose 44 cents/barrel day on day to a two-year high of $6.70/b Thursday, February 26, on stronger gasoline and naphtha refining margins.
Singapore (Platts)--27 Feb 2015 1257 am EST/557 GMT
The benchmark FOB Singapore 92 RON gasoline crack versus cash Brent rose to a seven-month high amid bullish sentiment in Asia following prolonged refinery troubles in the US and steady regional demand ahead of the second-quarter maintenance season, industry sources said Friday, February 27.
New York (Platts)--26 Feb 2015 401 pm EST/2101 GMT
NYMEX April crude closed lower Thursday as growing US crude stockpiles highlighted the oil market's surplus, dragging the front-month contract further below ICE Brent.
Previous News

Natural Gas

Singapore (Platts)--27 Feb 2015 804 am EST/1304 GMT
The Platts JKM for April delivery ended the Asian trading week at $7.40/MMBtu Friday, up 67.5 cents from last Wednesday, as bids and offers rallied, buoyed by strong European onshore gas prices, rising crude futures and a limited number of cargoes available for April delivery.
London (Platts)--27 Feb 2015 517 am EST/1017 GMT
The implementation in Italy of the European gas balancing network code might lead to the elimination of the g-1 gas balancing segment, as well as other major changes to how the system works, although the practicalities remain unclear, vice-chair of the European Federation of Energy Traders-Italy Ilaria Conti told Platts in an interview Wednesday.
Houston (Platts)--26 Feb 2015 317 pm EST/2017 GMT
NYMEX April natural gas futures settled 16.5 cents lower at $2.697/MMBtu Thursday on a bearish gas storage report from the US Energy Information Administration.
London (Platts)--26 Feb 2015 843 am EST/1343 GMT
GDF Suez sold 142 LNG cargoes in 2014, up from 87 cargoes in 2013, with "significantly higher volumes diverted to Asia and Europe in 2014," deputy CFO Valery Perrier said at the group's annual results presentation Thursday.
Singapore (Platts)--26 Feb 2015 103 am EST/603 GMT
LNG spot prices in India have surpassed those in northeast Asia for the first time since Platts began assessing the two markets in 2010, with the DES west India marker settling 5 cents above the JKM Wednesday, February 25.
Previous News

Electric Power

London (Platts)--27 Feb 2015 843 am EST/1343 GMT
French baseload for Monday delivery weakened on Friday as the market revised its view on the week-ahead, with prices trending lower despite cold weather forecast for March, sources said.
Houston (Platts)--26 Feb 2015 316 pm EST/2016 GMT
The PJM Interconnection issued a cold weather advisory for Friday, with frigid temperatures expected to impact the western region.
London (Platts)--26 Feb 2015 756 am EST/1256 GMT
UK prompt baseload power prices found support Thursday from lower than expected wind generation and stronger UK gas prices.
Portland, Maine (Platts)--25 Feb 2015 537 pm EST/2237 GMT
Pointing to recent changes in the power markets, the Maine Public Utilities Commission decided Wednesday to take a second look at term sheets approved in December for power purchase agreements from two wind farms.
Brussels (Platts)--25 Feb 2015 1006 am EST/1506 GMT
The European Commission wants to introduce new EU-wide electricity market design and supply security rules, as well as promote more cross-border links, as part of its EU energy union strategy unveiled Wednesday.
Previous News


New Delhi (Platts)--27 Feb 2015 641 am EST/1141 GMT
Indian coal imports are set to rise even though domestic production is increasing, according to the pre-budget Economic Survey 2014-15, which was presented to parliament Friday by Finance Minister Arun Jaitley.
Houston (Platts)--26 Feb 2015 700 pm EST/000 GMT
Weekly US coal production totaled an estimated 16.5 million st in the week ended February 21, down 14% from the prior week and down 13.3% from the year-ago week, the US Energy Information Administration said Thursday.
New Delhi (Platts)--26 Feb 2015 655 am EST/1155 GMT
Higher offer prices for imported fuel grade petcoke were heard in the Indian market with rising freight rates this week, even as deals were limited as Indian buyers scouted for bargains, sources said this week.
Houston (Platts)--25 Feb 2015 429 pm EST/2129 GMT
An affiliate of the US coal producer the Cline Group has purchased Canada's Coalspur Mines at a "bargain price" and could begin exporting thermal coal within two years, an analyst said Wednesday.
Barcelona (Platts)--25 Feb 2015 1008 am EST/1508 GMT
The CEO of Spain-based utility Endesa Wednesday said he expects hydro-power levels in 2015 to be lower than in the last two or three years, meaning the company would continue generating greater amounts of electricity using coal and gas.
Previous News


London (Platts)--27 Feb 2015 630 am EST/1130 GMT
Oslo-listed dry bulk shipper Jinhui Shipping said Friday that the tough market that owners faced last year will become tougher still in 2015.
Singapore (Platts)--27 Feb 2015 451 am EST/951 GMT
The number of piracy and armed robbery cases against ships in Asia increased 22% year on year to hit a 10-year of 183 last year, anti-piracy watchdog ReCAAP said in its annual report released earlier this week.
Houston (Platts)--26 Feb 2015 706 pm EST/006 GMT
An ongoing labor strike and an explosion at a major California facility may compel US West Coast refiners to seek a Jones Act waiver from the Obama administration, arguing that the region could soon face gasoline shortages, sources said this week.
Houston (Platts)--25 Feb 2015 304 pm EST/2004 GMT
American maritime transportation company TOTE has ordered an LNG-fueled bunker barge that will serve Tacoma, Washington, before being deployed to northeast Florida, part of a broader shift to increase LNG's appeal to the maritime sector, the barge manufacturer said Wednesday.
London (Platts)--25 Feb 2015 1004 am EST/1504 GMT
General Maritime Corporation and Navig8 Crude Tankers have agreed a deal to merge and create a new company called Gener8 Maritime, the companies said in a statement Wednesday.
Previous News


London (Platts)--27 Feb 2015 934 am EST/1434 GMT
European 1502 emulsion styrene butadiene rubber prices for March delivery have risen in anticipation of higher feedstock costs, sources said this week.
Buenos Aires (Platts)--27 Feb 2015 844 am EST/1344 GMT
Argentina's polymer and synthetic rubber output in January rose 2.3% year on year, state statistics office Indec said.
Singapore (Platts)--27 Feb 2015 309 am EST/809 GMT
The forward curve structure in the Asian styrene monomer market flipped into backwardation Thursday, February 26, reflecting prompt supply tightness triggered by the upcoming massive SM plant turnarounds in South Korea over March and April.
London (Platts)--26 Feb 2015 1153 am EST/1653 GMT
European linear low density polyethylene contract prices rose for the first time this month, as tightness from reduced imports and stockpiling ahead of an anticipated rise in ethylene tightened supply and boosted demand.
London (Platts)--26 Feb 2015 859 am EST/1359 GMT
Suppliers of European acetic acid are eyeing price increases for March on the back of stronger feedstock costs and a weak euro which was putting pressure on the cost of imports, sources said Thursday.
Previous News


Santiago (Platts)--27 Feb 2015 810 am EST/1310 GMT
Chile produced 524,296 mt of copper in January, up 13% from 463,321 mt in the same month of last year, according to figures released Friday by the country's statistics institute INE.
London (Platts)--27 Feb 2015 645 am EST/1145 GMT
Market prices for Europe's key grade of aluminum alloy, 226, have soared higher on continued high levels of demand and tighter availability as a number of buyers have come into the market for second-quarter supplies.
Tokyo (Platts)--27 Feb 2015 645 am EST/1145 GMT
Two global producers have offered premiums for second-quarter aluminum imports into Japan at $415/mt and $425/mt plus London Metal Exchange cash CIF Japan, Japanese buyers said Friday.
London (Platts)--27 Feb 2015 519 am EST/1019 GMT
US coal miners and traders may end up benefiting from expansions in Turkey's steel industry, as coking coal users now confined to Erdemir Group and Kardemir would swell over the next few years based on company plans.
Melbourne (Platts)--27 Feb 2015 107 am EST/607 GMT
Diversified miner Glencore said Friday it would cut coal production in Australia by 15 million mt this year, in a bid to better match output with softer customer demand.
Previous News


London (Platts)--27 Feb 2015 937 am EST/1437 GMT
The front-month Paris corn contract fell to Eur148.75/mt ($167/mt) Thursday, down Eur0.25/mt day on day to the lowest level since November 19, Platts data showed, amid a bearish outlook for world grains prices.
Singapore (Platts)--27 Feb 2015 640 am EST/1140 GMT
The Philippines could launch a study as early as March into the impact on coconut farmers of raising the blending of biodiesel in diesel to 5%, which is widely seen as a final step before implementing the hike, trade sources said Friday.
Houston (Platts)--26 Feb 2015 716 pm EST/016 GMT
Weekly net export sales of US corn for the reporting week ended February 19 fell for a third straight week to an eight-week low, US Department of Agriculture data showed Thursday.
Washington (Platts)--26 Feb 2015 703 pm EST/003 GMT
US ethanol industry officials on Thursday downplayed the chances that a bill to eliminate the corn ethanol mandate within the Renewable Fuel Standard would become law, but warned that Congress' consideration of the bill could jeopardize investments in next-generation biofuels.
Brussels (Platts)--26 Feb 2015 713 am EST/1213 GMT
The European Parliament's environment committee voted again Tuesday to limit the share of first generation biofuels that can count toward the EU's 2020 renewable transport energy target to 6%, in line with the full parliament's original position adopted in September 2013.
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

© 2015 Platts, McGraw Hill Financial. All rights reserved.