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New York (Platts)--30 Jun 2015 450 pm EDT/2050 GMT
The oil complex strengthened Tuesday after Greece made a last-ditch effort to secure new bailout funds, while Iranian nuclear negotiators extended their midnight deadline by a week.
London (Platts)--30 Jun 2015 1222 pm EDT/1622 GMT
Russia is looking to raise from next year the excise duty on gasoline lower than the Euro 5 class to encourage refineries to switch to the higher spec product with max 10 ppm sulfur content, according to proposed amendments to the tax code published on the government's website.
London (Platts)--30 Jun 2015 944 am EDT/1344 GMT
Africa Energy has dropped its exploration acreage in Somalia's breakaway state of Puntland citing uncertainties over the current political climate between regional authorities and the central government in Mogadishu.
Singapore (Platts)--30 Jun 2015 1208 am EDT/408 GMT
Singapore 380 CST bunker fuel term contracts for the third quarter have been concluded at discounts of $1/mt to premiums of $3/mt to Mean of Platts Singapore 380 CST high sulfur fuel oil assessments on an ex-wharf basis, market sources said Tuesday.
New York (Platts)--29 Jun 2015 432 pm EDT/2032 GMT
Magellan Midstream Partners is taking another step into the crude storage and pipeline arena with the formation of a joint venture with LBC Tank Terminals which includes construction of more than 700,000 barrels of crude storage in the Houston Gulf region, the companies said Monday in a statement.
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Natural Gas

London (Platts)--30 Jun 2015 1042 am EDT/1442 GMT
A framework for Israel's gas sector, released Tuesday, would allow neighboring countries to receive offshore gas within 2-3 years by allowing exports from Tamar prior to the Leviathan field coming on line in 2019.
London (Platts)--30 Jun 2015 957 am EDT/1357 GMT
The German NetConnect and GASPOOL day-ahead were looking stable Tuesday morning, while the Dutch TTF equivalent ticked up on an unplanned outage at the Nyhamna gas field in Norway.
London (Platts)--29 Jun 2015 1121 am EDT/1521 GMT
Net natural gas flows into UK gas storage facilities reached their highest in over 12 months as favorable NBP price spreads encouraged heavy injections over the weekend, data from the National Grid showed Monday.
Tokyo (Platts)--29 Jun 2015 321 am EDT/721 GMT
Japan's LNG imports fell 11.4% year on year to 5.75 million mt in May, the lowest volume since October 2010 when it was 5.22 million mt, data released Monday by the Ministry of Finance showed.
Moscow (Platts)--26 Jun 2015 935 am EDT/1335 GMT
Gazprom expects a fourth European company, BASF/Wintershall, to join a project to build two new gas pipelines across the Baltic Sea to Europe by September, Gazprom CEO Alexei Miller said Friday.
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Electric Power

Houston (Platts)--30 Jun 2015 417 pm EDT/2017 GMT
The California Independent System Operator issued a grid warning for its California ISO and Valley Electric Association territories, encouraging energy conservation efforts until midnight PDT Tuesday (0800 GMT Wednesday).
London (Platts)--30 Jun 2015 1045 am EDT/1445 GMT
Germany added 101 MW of new solar PV capacity in May, the highest since January, but annual growth remains on track for the lowest level since at least 2007, according to the latest data from the grid regulator BNetzA.
Houston (Platts)--29 Jun 2015 424 pm EDT/2024 GMT
Electricity industry representatives and consultants were divided Monday on how much impact the US Supreme Court's remand of the Mercury and Air Toxics Standards to a lower court is likely to have on power markets and investments.
London (Platts)--29 Jun 2015 859 am EDT/1259 GMT
UK day-ahead power prices fell 2% on Monday as the region headed into a heat wave, triggering an increase in solar power generation and a drop in peak power demand.
Houston (Platts)--26 Jun 2015 1034 am EDT/1434 GMT
Only one trade -- a futures deal -- was seen in US emissions markets over the past week, with brokers saying Thursday the recent lull in activity was continuing.
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Louisville, Kentucky (Platts)--30 Jun 2015 525 pm EDT/2125 GMT
Illinois Basin thermal coal producer Sunrise Coal has laid off 38 miners at its southern Indiana underground operations in an action the company blamed Tuesday on the soft coal market.
Kiev (Platts)--30 Jun 2015 950 am EDT/1350 GMT
Reserves at Ukraine's coal-burning power plants totaled 1.367 million mt Tuesday, up 8.2% over the past eight days, power grid operator UkrEnergo said.
Perth (Platts)--30 Jun 2015 630 am EDT/1030 GMT
China's intake of thermal coal shipments from countries including Australia and Indonesia is forecast at 157 million mt for the fiscal year ended June 2015, representing a 31% decrease on traded volumes of 229 million mt in the preceding fiscal year period, said the Australian government in a report Tuesday.
Louisville, Kentucky (Platts)--29 Jun 2015 537 pm EDT/2137 GMT
Despite the US Supreme Court's ruling Monday against the Environmental Protection Agency's Mercury and Air Toxics Standards rule, electric power utilities in Michigan and Iowa say they are moving forward with plans to close coal-fired power plants or convert existing coal burners to natural gas over the next several years.
Houston (Platts)--26 Jun 2015 547 pm EDT/2147 GMT
New US emissions rules, coal plant retirements and the continued low price of natural gas is hitting the Central Appalachian coal industry harder this year than at first predicted, according to brokers and fuel buyers positioned in the area.
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Singapore (Platts)--30 Jun 2015 1036 pm EDT/236 GMT
A new high for the year was reached for the tonnage-strapped Asian Long Range 2 shipping market on the key Persian Gulf to Japan voyage today on a surge of demand which saw the rate spike 7.5 points on the day to Worldscale 135 basis 75,000 mt.
Singapore (Platts)--30 Jun 2015 311 am EDT/711 GMT
Daily rates for very large gas carriers are expected to average $80,000 this year, before easing to $50,000 in 2016 and $35,000 in 2017, extending the "super-profits" which began last year, Pareto Securities AS said in a research report.
Singapore (Platts)--29 Jun 2015 353 am EDT/753 GMT
East of Suez Aframax rates that tested almost seven-year highs earlier this month are easing as Suezmaxes and clean product tankers add to supply and demand to take tonnage on time charter to store fuel oil ebbs, market participants said Monday.
Montreal (Platts)--26 Jun 2015 359 pm EDT/1959 GMT
New shipments of FOB Santos anhydrous fuel ethanol will be loading toward the US in July and August, market sources said Friday.
Singapore (Platts)--26 Jun 2015 1113 am EDT/1513 GMT
Houston-based Cheniere concluded its maiden LNG spot trade earlier this week at $7.20/MMBtu for late-July delivery to an Asian buyer, a source with direct knowledge of the deal said Friday.
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New York (Platts)--30 Jun 2015 527 pm EDT/2127 GMT
US petroleum liquids exports climbed 20.58 million barrels to 148.3 million barrels in April, driven largely by record high exports of liquid petroleum gasses and an increase in distillate exports, Energy Information Administration data showed Tuesday.
London (Platts)--30 Jun 2015 1050 am EDT/1450 GMT
Ground has been prepared to facilitate resumption of petrochemicals exports out of Iran if the country reaches a deal with global powers over its nuclear program this week, but traders do not expect Iranian products to make an impact the global petrochemicals scene for some time.
Houston (Platts)--29 Jun 2015 431 pm EDT/2031 GMT
The July US butadiene contract price settled at a 38-49 cents/lb ($838-$1,080/mt) split settlement, up 6-8 cents/lb ($132-$176/mt) from June, sources said Monday.
London (Platts)--29 Jun 2015 905 am EDT/1305 GMT
A lack of product in Northwest Europe has kept traders from utilizing the MTBE arbitrage from Northwest Europe to the US Gulf Coast, sources said.
Houston (Platts)--26 Jun 2015 427 pm EDT/2027 GMT
US petrochemical producer OxyChem has suffered a production upset at its vinyls production facility in La Porte, Texas, market sources familiar with operations said Friday.
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Pittsburgh (Platts)--30 Jun 2015 424 pm EDT/2024 GMT
US mills and buyers alike seem to be treading water ahead of the Fourth of July holiday, keeping prices relatively firm, but with confirmed transactions low, market sources said Tuesday.
London (Platts)--30 Jun 2015 1020 am EDT/1420 GMT
There are a number of positive indicators in the nickel market that point to an improving outlook for the metal in the second half of 2015, Deutsche Bank said Tuesday in its third-quarter commodity update.
Pittsburgh (Platts)--29 Jun 2015 432 pm EDT/2032 GMT
President Barack Obama signed into law Monday two pieces of trade legislation that US steelmakers believe will help open new markets and improve their ability to battle illegal imports.
Sao Paulo (Platts)--29 Jun 2015 420 pm EDT/2020 GMT
The Brazilian unit of Novelis is aiming to increase its profile in the US and Mexico to offset poor market conditions in Brazil, where demand for aluminum has fallen since last year, the company's president for South America, Tadeu Nardocci, said.
Shangahi (Platts)--29 Jun 2015 903 am EDT/1303 GMT
The dollar gold price still has room to move lower, below $1,000/oz for a short period of time, Natixis analyst Bernard Dahdah told Platts Monday.
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Houston (Platts)--30 Jun 2015 419 pm EDT/2019 GMT
Corn futures on the Chicago Board of Trade vaulted 23.5 cents during midday trading after the US Department of Agriculture released data showing a substantial dropoff in the amount of land being used to grow corn.
Sydney (Platts)--30 Jun 2015 515 am EDT/915 GMT
Australian Renewable Fuels Monday signed several new sales contracts for its Barnawartha biodiesel plant in the southeastern state of Victoria, the company said June 30.
Montreal (Platts)--29 Jun 2015 538 pm EDT/2138 GMT
Weaker domestic hydrous fuel ethanol prices for distributors translated into more competitive retail prices in southeast Brazil in the week ended June 26, with the fuel's price parity against gasoline slipping for the 18th consecutive week to the lowest level in since early October 2010, data released Monday by the National Petroleum Agency, or ANP, showed.
Santos, Brazil (Platts)--26 Jun 2015 358 pm EDT/1958 GMT
Hydrous fuel ethanol demand in Brazil remained strong in May at 1.43 billion liters, up 44% from the year-ago month and down 4% from April, National Petroleum Agency (ANP) data showed Friday.
London (Platts)--26 Jun 2015 944 am EDT/1344 GMT
The front-month Paris corn contract increased by Eur2.50/mt to Eur168.75/mt Thursday, the highest level since January 6, as heavy rains in the US affected corn prices across the Atlantic, applying upward pressure on European corn.
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