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Moscow (Platts)--24 Oct 2016 829 am EDT/1229 GMT
The planned crude oil production deal by OPEC and non-OPEC countries, including Russia, would satisfy all the producers that are to take part in the initiative, Russia's energy minister Alexander Novak said after meeting his Saudi Arabian counterpart Khalid al-Falih and other Gulf oil ministers Sunday.
Singapore (Platts)--24 Oct 2016 305 am EDT/705 GMT
After posting double-digit growth in August, India's oil products demand in September declined as widespead rains and regional unrest took toll on transport, but analysts expect a rebound in October on the back of firm fundamentals and following the end of the monsoons.
Singapore (Platts)--23 Oct 2016 1108 pm EDT/308 GMT
Asian naphtha crack spreads soared to a six-month high and spot price differentials improved Friday amid rebounding demand stirred by the conclusion of the cracker maintenance season, a healthy gasoline blending market as well as short covering and hedging for CFR term cargoes, traders said.
Houston (Platts)--21 Oct 2016 516 pm EDT/2116 GMT
The Light Houston Sweet crude market saw a late-week decline in value relative to cash WTI, which market sources attributed to a number of factors including a disappearing contango structure in the Brent-WTI spread.
Lagos (Platts)--21 Oct 2016 829 am EDT/1229 GMT
Declining oil production and export volumes due to militancy and large-scale crude theft cut the Nigerian government's gross revenue in September by about 12% from August to Naira 279.75 billion ($8 billion), the finance ministry said Friday.
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Natural Gas

London (Platts)--24 Oct 2016 838 am EDT/1238 GMT
Dutch and German spot and prompt gas prices rose sharply Monday morning, pulled up by strong UK NBP prices on expected cooler weather, while bullish coal prices also added some support on the curve.
Singapore (Platts)--24 Oct 2016 829 am EDT/1229 GMT
Singapore's Pavilion Gas and Anglo-Dutch major Shell have been appointed as term importers for the next tranche of LNG for the country, Minister for Trade and Industry S Iswaran said at the Singapore International Energy Week 2016 on Monday.
Buenos Aires (Platts)--21 Oct 2016 509 pm EDT/2109 GMT
Cordoba has raised $150 million in a bond sale to help finance construction of a pipeline to increase natural gas deliveries in the central province, the provincial government said Friday.
London (Platts)--21 Oct 2016 835 am EDT/1235 GMT
EU natural gas consumption is expected to increase by 6% this year compared with 2015 to around 447 Bcm, industry group Eurogas said Friday, as gas demand in Europe continues a robust trend following year-on-year growth last year.
Jakarta (Platts)--21 Oct 2016 834 am EDT/1234 GMT
Indonesia is forecast to have 63 excess LNG cargoes next year from the Tangguh and Bontang LNG plants due to the rise in natural gas production, which the domestic market is unable to absorb because of lack of infrastructure, a senior government official said Friday.
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Electric Power

London (Platts)--24 Oct 2016 840 am EDT/1240 GMT
European power prices continued their rally Monday with spot prices spiking in France, Belgium and the UK amid a very tight supply/demand balance, while forecasts of a cold snap early November lifted near curve prices with year-ahead power also boosted by rising coal, gas and carbon prices.
Houston (Platts)--21 Oct 2016 514 pm EDT/2114 GMT
The American Electric Power's 600-MW East DC Tie has returned to normal operation, earlier than the scheduled time of 4 pm EDT Friday, the Electric Reliability Council of Texas said Thursday.
London (Platts)--21 Oct 2016 837 am EDT/1237 GMT
UK day-ahead power contracts rose further Friday amid ongoing concerns over tight supply in the UK as well as the neighboring French market.
Washington (Platts)--20 Oct 2016 541 pm EDT/2141 GMT
The US Federal Energy Regulatory Commission's assessment of market readiness for the winter is "cautiously optimistic," with energy markets well supplied despite some vulnerabilities in the Northeast and California.
London (Platts)--20 Oct 2016 1009 am EDT/1409 GMT
European spot power prices eased Thursday on the back of typically lower demand ahead of the weekend and with the end of strike action in France easing risk on the supply side.
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Singapore (Platts)--24 Oct 2016 625 am EDT/1025 GMT
Mining giant Glencore has settled its October term contracts with Japanese utility Tohoku Electric at $94.75/mt FOB, sources said Monday.
Louisville, Kentucky (Platts)--21 Oct 2016 508 pm EDT/2108 GMT
A Murray American Energy subsidiary has notified an Ohio agency the company's Powhatan No 6 underground thermal coal mine in Belmont County will close permanently by the end of December as planned.
New Delhi (Platts)--21 Oct 2016 649 am EDT/1049 GMT
One of India's largest aluminum manufacturers, Hindalco Industries Ltd., a subsidiary of the Aditya Birla Group, has been granted permission by the environment ministry to use petroleum coke as an alternate fuel at its smelter's captive power plant in the eastern state of Odisha, a senior company official said Friday.
Houston (Platts)--20 Oct 2016 547 pm EDT/2147 GMT
Powder River Basin thermal coal production totaled roughly 89 million st in the third quarter, up nearly 43% from the second quarter, but still down about 16% from the same quarter in 2015, the latest data from the US Mine Safety & Health Administration showed.
Sydney (Platts)--20 Oct 2016 1248 am EDT/448 GMT
Australian miner Rio Tinto's thermal coal production was down in the first nine months of 2016 compared to the same period a year ago, following the restructure of Coal & Allied and the company's divestment of the Bengalla mine, it said Thursday in its production report.
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Singapore (Platts)--24 Oct 2016 958 am EDT/1358 GMT
Singapore's Keppel Corporation is seeking to expand its reach further into the LNG sector, including the use of LNG for bunkering, after securing orders for two dual-fuel tugs, the company said late last week.
Houston (Platts)--21 Oct 2016 515 pm EDT/2115 GMT
High sulfur bunker fuel prices in Panama rose to the highest level in more than 14 months, with market participants reporting a lack of product.
London (Platts)--21 Oct 2016 828 am EDT/1228 GMT
Marine fuel sales at Rotterdam, the world's third largest bunkering port, sank by 9.4% in the third quarter from a year earlier, the port authority said Friday.
Singapore (Platts)--21 Oct 2016 208 am EDT/608 GMT
Bunker operations at Hong Kong were halted Friday with the Hong Kong Observatory -- a government department responsible for monitoring weather -- raising the No 8 storm warning at 6:10 am local time Friday (1010 GMT) on the approach of Typhoon Haima.
Houston (Platts)--20 Oct 2016 556 pm EDT/2156 GMT
Americas clean freight rates spiked up to 40% on local short-haul voyages to the Caribbean and the East Coast of Mexico and 21% on the US Gulf Coast-to-Chile trip, as prompt tonnage avails contracted after shipowners ballasted vessels to both Europe and Asia in search for better earnings.
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London (Platts)--24 Oct 2016 957 am EDT/1357 GMT
Benzene's premium to toluene has hovered around the $100/mt mark for most of October, S&P Global Platts data shows.
Singapore (Platts)--24 Oct 2016 439 am EDT/839 GMT
China Petroleum and Chemical Corp., or Sinopec, reduced its South China toluene ex-factory prices by Yuan 100/mt, or 1.8%, market sources said Monday. The price-cuts came amid weakening demand for toluene in the domestic market, as c9 mixed aromatics supply was heard to be high, a market source said.
Houston (Platts)--21 Oct 2016 512 pm EDT/2112 GMT
The US October purified terephthalic acid price increased 0.50 cent to 41.49 cents/lb ($915/mt), tracking the movement in the feedstock US October paraxylene contract, sources said Friday.
London (Platts)--21 Oct 2016 839 am EDT/1239 GMT
Iranian petrochemical companies continue to be affected by difficulties in obtaining letters of credits, a source at a local petrochemical company said on the sidelines of the K Fair in Dusseldorf.
Singapore (Platts)--21 Oct 2016 246 am EDT/646 GMT
China Petroleum and Chemical Corporation, or Sinopec subsidiaries have raised ex-works orthoxylene offers in East China to Yuan 6,300/mt, equivalent to about $781/mt on an import parity basis, from Wednesday, up Yuan 150/mt, a source close to the matter said Friday.
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Kiev (Platts)--24 Oct 2016 956 am EDT/1356 GMT
Ukraine's exports of ferronickel (FeNi) decreased by 19.5% year-on-year to 55,410 mt in January-August, compared with 68,850 mt exported a year ago, the state statistics service reported Monday.
Tokyo (Platts)--24 Oct 2016 956 am EDT/1356 GMT
The Platts CIF Japan premium for spot aluminum imports stood at $65-$70/mt plus London Metal Exchange cash CIF Japan on Monday, flat since October 4 as deals were reported done in this price range.
Warsaw (Platts)--24 Oct 2016 955 am EDT/1355 GMT
The chief executive of Europe's largest coking coal producer, Poland's Jastrzebska Spolka Weglowa (JSW), said Monday the current high benchmark price is a one-off and would not necessarily be reflected in contracts with its customers.
Singapore (Platts)--24 Oct 2016 537 am EDT/937 GMT
India is on the verge of imposing antidumping duties on coke from China and Australia -- a move that will give domestic coke producers some reprieve amid surging coal prices, several sources said Monday.
Sao Paulo (Platts)--21 Oct 2016 534 pm EDT/2134 GMT
Brazil's domestic hot-rolled coil prices continued to be stable for the week ended Friday, despite market chatter about an impending price hike in the coming weeks, market sources said.
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Singapore (Platts)--24 Oct 2016 336 am EDT/736 GMT
China will maintain its minimum support price for wheat unchanged in 2017 at major wheat producing areas, to safeguard farmers' income, according to a statement released October 21 by the National Development and Reform Commission.
Houston (Platts)--21 Oct 2016 510 pm EDT/2110 GMT
Japan's impending biofuel policy that requires a 50% reduction in greenhouse gas emissions will likely use US-produced ethanol to meet targets, a recent study prepared for the US Grains Council said.
Houston (Platts)--20 Oct 2016 553 pm EDT/2153 GMT
The White House Office of Management and Budget is reviewing the final blending mandates for 2017 under the Renewable Fuel Standards, according to the OMB's website.
Singapore (Platts)--20 Oct 2016 629 am EDT/1029 GMT
The Philippines' local monthly allocation, or LMA, of domestically produced ethanol for first-quarter 2017, was confirmed Wednesday at 75,835 cu m, trade sources said Thursday.
Houston (Platts)--19 Oct 2016 530 pm EDT/2130 GMT
Current-year biodiesel Renewable Identification Numbers traded Wednesday morning for $1.09/RIN, the highest price for the RINs since August 2013, and were assessed at $1.0850.
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