Skip Navigation LinksHome|News & Analysis|Latest News Headlines

Latest News Headlines

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


Singapore (Platts)--4 Mar 2015 509 am EST/1009 GMT
Saudi Arabia's increase in April crude official selling price differentials, for Asia, were at the top end of market expectations, traders said Wednesday, March 4.
Houston (Platts)--4 Mar 2015 428 am EST/928 GMT
Distillates line space on the Colonial Pipeline strengthened 2 cents Tuesday on strong demand to send product to New York and a wide spread between New York Harbor and the US Gulf Coast.
London (Platts)--3 Mar 2015 728 am EST/1228 GMT
Urals values in Northwest Europe and the Mediterranean have tumbled over the past several sessions as the temporarily tight supply situation that saw prices pick up throughout the second half of February has eased, sources said.
Singapore (Platts)--3 Mar 2015 512 am EST/1012 GMT
The FOB Singapore 500 ppm sulfur gasoil swaps structure on the front-month flipped into backwardation from a contango Monday, March 2, on outflows to Europe and the Middle East and expected lower supplies during scheduled refinery maintenance in Asia over March and April, market sources said Monday.
Houston (Platts)--2 Mar 2015 1254 pm EST/1754 GMT
A record cold spell in the Northeastern US has pushed differentials lower in the US and European jet markets as a steep backwardation has developed on both the NYMEX ULSD and ICE gasoil futures markets.
Previous News

Natural Gas

Washington (Platts)--4 Mar 2015 431 am EST/931 GMT
The US Federal Energy Regulatory Commission on Tuesday approved a key natural gas pipeline aiming to boost deliveries into supply-strapped New England.
Brussels (Platts)--3 Mar 2015 724 am EST/1224 GMT
Russian gas giant Gazprom has committed to deliver up to 114 million cubic meters/day of prepaid and ordered gas to "mutually agreed" points in Ukraine until the end of March, European Commission vice-president for energy union Maros Sefcovic said late Monday.
London (Platts)--3 Mar 2015 525 am EST/1025 GMT
Italy's Snam is proposing the creation of a European stored gas reserve to ensure countries have enough gas in the event of a supply emergency, the CEO of Snam, Carlo Malacarne said.
Houston (Platts)--3 Mar 2015 425 am EST/925 GMT
The US average spot monthly natural gas price for March rose 5 cents to $2.68/MMBtu, Inside FERC's Gas Market Report said Monday.
London (Platts)--2 Mar 2015 1014 am EST/1514 GMT
Prompt and front-month gas prices posted some losses on a relatively well supplied system in continental Europe in the first session of the week, tracking plunging UK NBP prices equivalent.
Previous News

Electric Power

Houston (Platts)--3 Mar 2015 421 am EST/921 GMT
Texas' main grid operator forecasts hitting a new record peak demand this summer, and extreme conditions could require planned outages, a new report shows, but the operator says it has "sufficient ...
London (Platts)--2 Mar 2015 847 am EST/1347 GMT
German day-ahead power prices remained below Eur30/MWh Monday as strong wind power output boosted supply with wind levels forecast to average just below 20 GW on Tuesday, according to sources.
Louisville, Kentucky (Platts)--27 Feb 2015 542 pm EST/2242 GMT
Duke Energy expects US coal markets to be "relatively stable" in the near term while increased volatility could be in store in the longer term as producers continue to match output with demand, an official said.
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.
Previous News


Houston (Platts)--4 Mar 2015 432 am EST/932 GMT
The physical Central Appalachia rail (CSX) contract for April traded Tuesday in the US over-the-counter thermal coal market, the first trade heard for the month.
London (Platts)--3 Mar 2015 729 am EST/1229 GMT
Uskmouth coal-fired power station in Newport, south Wales is back on National Grid's Transmission Entry Capacity register, indicating possible plans to convert to biomass, market commentators told Platts Tuesday.
Houston (Platts)--3 Mar 2015 418 am EST/918 GMT
The US over-the-counter thermal coal market continues to weather a tepid market, as only one physical trade was heard Monday while the financial market was shut out.
London (Platts)--2 Mar 2015 836 am EST/1336 GMT
Turkey's bituminous thermal coal imports in January rose 10.5% year on year to 2.299 million mt, data from the Turkish Statistical Institute showed Monday.
Houston (Platts)--27 Feb 2015 329 pm EST/2029 GMT
Westmoreland Coal will limit production from its less-profitable Ohio mines obtained at the start of the year, while still planning to boost overall sales to 56 million st-60 million st, CEO Keith Alessi said Friday.
Previous News


Houston (Platts)--4 Mar 2015 426 am EST/926 GMT
High sulfur bunker fuel and marine gasoil prices in Houston were under upward pressure Tuesday due to a halt of port operations because of bad weather conditions, market sources said.
Houston (Platts)--2 Mar 2015 912 am EST/1412 GMT
The Houston Ship Channel remained closed to all traffic due to heavy fog for the second straight day Monday, a Houston Pilots dispatcher said.
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.
Previous News


Houston (Platts)--4 Mar 2015 429 am EST/929 GMT
US spot methanol has risen 3.75 cents/gal in the first two days of the month after relative stability in the spot market in February.
London (Platts)--3 Mar 2015 724 am EST/1224 GMT
The rush by European buyers to import cheap ethane from the US may grind to a halt following the recent collapse in crude prices, according to Mark Garrett, CEO of Austrian chemicals giant Borealis.
Singapore (Platts)--3 Mar 2015 514 am EST/1014 GMT
The Asian benzene-toluene spread slid to a more than two-year low of $1.50/mt Monday, March 2, making it even more uneconomical for benzene producers to use toluene as feedstock.
Houston (Platts)--2 Mar 2015 1255 pm EST/1755 GMT
Recent gains in US benzene spot pricing has kept US March contract settlements from happening yet, sources said Monday. US benzene contracts typically settle during the last day of the preceding month.
London (Platts)--2 Mar 2015 848 am EST/1348 GMT
European ethyl-benzene styrene monomer production costs have risen Eur44/mt in March, the first rise in 2015 following the settlement of the benzene and ethylene contracts last week.
Previous News


Tokyo (Platts)--4 Mar 2015 504 am EST/1004 GMT
Japan's spot aluminum import premiums fell $20-$55/mt from a day earlier to be assessed at $350-$370/mt plus London Metal Exchange cash CIF Japan Wednesday, March 4, down from $370-$425/mt plus LME cash CIF Tuesday, as high stocks continued to weigh on prices.
Pittsburgh (Platts)--4 Mar 2015 425 am EST/925 GMT
The rate of falling prices in the US hot-rolled coil market may be slowing, as some buyers said Tuesday they were sensing larger-volume buyers getting close to re-entering the market.
Tokyo (Platts)--3 Mar 2015 507 am EST/1007 GMT
Three global aluminum producers have placed offers with Japanese buyers for second quarter contract premiums at $390/mt, $415/mt and $425/mt plus London Metal Exchange cash CIF Japan, Japanese buyers said Tuesday, March 3.
Sao Paulo (Platts)--2 Mar 2015 1255 pm EST/1755 GMT
Northern Brazil merchant pig iron export prices to the US have decreased for March transactions due to poor demand, falling raw material prices and an absence of deals, sources said Monday.
London (Platts)--2 Mar 2015 842 am EST/1342 GMT
The London Metal Exchange published a discussion paper Monday aimed at providing further reforms relating to its warehousing policy and physical delivery network.
Previous News


London (Platts)--4 Mar 2015 512 am EST/1012 GMT
Indonesia's Ministry of Energy and Mineral Resources has published a much-anticipated regulation relating to a change in its biodiesel pricing, according to documents listed on the ministry's website.
Kuala Lumpur (Platts)--3 Mar 2015 518 am EST/1018 GMT
Malaysia will consume 1.2 million mt/year of crude palm oil once the country fully implements B10 biodiesel across the country, secretary general of the Ministry of Plantation Industries and Commodities Himmat Singh said at the palm and lauric oils conference in Kuala Lumpur Tuesday, March 2.
Houston (Platts)--3 Mar 2015 417 am EST/917 GMT
The relationship between feedstock soybean oil and blendstock heating oil that the biodiesel industry uses to gauge costs and margins had its biggest one-day gain Monday since Platts began tracking the data.
Houston (Platts)--27 Feb 2015 423 pm EST/2123 GMT
The estimated production margin for a typical US Midwest dry-mill ethanol plant for the week ended Friday moved down 1.04 cents to 36.57 cents/gal, data from the US Department of Agriculture and Platts showed.
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.
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.