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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.
Washington (Platts)--30 Oct 2014 501 pm EDT/2101 GMT
The impact of changes to current US restrictions on crude oil exports on gasoline prices would depend on how those potential changes impact Brent, rather than WTI crude prices, the US Energy Information Administration said in a report Thursday.
Buenos Aires (Platts)--30 Oct 2014 419 pm EDT/2019 GMT
Argentina's biggest shale play, Vaca Muerta, has potential to more than triple the country's oil and natural gas production over the next 20 years, but a continued decline in global crude prices could pose a challenge for attracting the investment to make this happen, analysts said Thursday.
London (Platts)--30 Oct 2014 952 am EDT/1352 GMT
Shell CEO Ben van Beurden said Thursday the recent sharp fall in global oil prices demonstrated the need for oil companies to practice cost discipline, as the Anglo-Dutch major bucked the third-quarter industry trend of falling profits.
Singapore (Platts)--30 Oct 2014 721 am EDT/1121 GMT
Teapot refiners in eastern China's Shandong Province continued to show buying interest for imported fuel oil as feedstock, following a severe clampdown on refineries that try to avoid paying consumption tax, sources said Thursday.
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Natural Gas

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.
Knoxville, Tennessee (Platts)--29 Oct 2014 256 pm EDT/1856 GMT
The US Energy Information Administration on Thursday will estimate a natural gas storage injection of between 83 Bcf and 87 Bcf for the week that ended Friday, according to a consensus of analysts surveyed by Platts.
London (Platts)--29 Oct 2014 959 am EDT/1359 GMT
The scope of an unplanned outage Gassco reported at Entry SEGAL Tuesday afternoon has been increased by 4 million cubic meters/day to a volume impact of 14.9 million cu m/d, Gassco said in a REMIT message late Wednesday morning.
Sydney (Platts)--29 Oct 2014 759 am EDT/1159 GMT
Australia Pacific LNG, one of the country's three emerging coalseam gas-to-LNG projects in Queensland, is facing court action from Texas-based independent Tri-Star Petroleum, which is seeking the return of its stake in more than 60 tenements it sold to the joint venture in 2002.
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Electric Power

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.
Washington (Platts)--28 Oct 2014 328 pm EDT/1928 GMT
The daily spot price of uranium was $36/lb Monday, up 50 cents since October 21, as "buyers showed renewed interest" in acquiring material, according to price publisher TradeTech.
London (Platts)--28 Oct 2014 853 am EDT/1253 GMT
Strong gains on the UK NBP gas market coupled with forecasts for wind power generation to more than halve sent UK prompt power prices up 22% Tuesday, traders said.
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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.
Houston (Platts)--29 Oct 2014 606 pm EDT/2206 GMT
A US Surface Transportation Board order to make public a coal-specific service recovery plan would be "counterproductive" and "unnecessary," BNSF Railway told the agency, arguing it is taking the necessary steps to improve coal service as utilities face severe shortages ahead of winter.
Manila (Platts)--29 Oct 2014 739 am EDT/1139 GMT
Indonesian thermal coal producers are focusing on cutting costs in a bid to remain profitable amid a 27% slump in seaborne prices this year, market sources said this week.
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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.
Houston (Platts)--29 Oct 2014 421 pm EDT/2021 GMT
Brazil's state-controlled Petrobras is set to load 6 million barrels of crude for export to China in the second half of November, according to Latin American crude market sources.
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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.
London (Platts)--28 Oct 2014 1014 am EDT/1414 GMT
Russian methanol producer Tomsk Methanol has resumed operations at its 750,000 mt/year plant after regular maintenance, a company's spokeswoman said Tuesday.
Singapore (Platts)--28 Oct 2014 1007 am EDT/1407 GMT
Mitsui Phenols Singapore will shut its Singapore solvents plant during the second and third week of November, a source close to the company said Tuesday.
Houston (Platts)--27 Oct 2014 607 pm EDT/2207 GMT
Initial nominations for US polymer-grade and chemical-grade November propylene contract prices call for a 2-cent decrease at 74.5 cents/lb and 73 cents/lb, respectively, market sources said Monday.
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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.
London (Platts)--30 Oct 2014 905 am EDT/1305 GMT
Eurofer has reduced significantly its growth outlook for apparent steel consumption in the EU due to a slow-down registered during Q3 this year, the association said in its latest market outlook report on Thursday.
Sydney (Platts)--30 Oct 2014 724 am EDT/1124 GMT
The Platts Australian alumina assessment at $355/mt FOB on Thursday was unchanged from a day ago but down $1/mt on the week, due to sluggish demand.
Sao Paulo (Platts)--29 Oct 2014 508 pm EDT/2108 GMT
Mineracao Usiminas, the mining arm of Brazilian steelmaker Usiminas, hopes for "lucrative exports" of iron ore in the fourth quarter, after a third quarter without exports, the company said Wednesday.
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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.
Houston (Platts)--28 Oct 2014 526 pm EDT/2126 GMT
The Platts Chicago Rule 11 ethanol premium to the Chicago Argo assessment jumped to its highest level in more than four months Tuesday on growing concerns about railcar availability, sources said.
Montreal (Platts)--27 Oct 2014 408 pm EDT/2008 GMT
Recent weakness in Brazilian ex-mill hydrous fuel ethanol prices finally led to more competitive retail prices in the key southeastern part of the country in the week ended October 25, National Petroleum Agency data showed Monday.
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