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Washington (Platts)--11 Feb 2016 500 pm EST/2200 GMT
The US on Thursday imposed sanctions on a top Islamic State oil official, Faysal al-Zahrani, who allegedly controlled at least five oil fields in Al Barakah, Syria, and generated tens of millions of dollars in revenue for the jihadist group.
London (Platts)--11 Feb 2016 944 am EST/1444 GMT
The physical Northwest European fuel oil crack -- the discount of FOB Rotterdam fuel oil barges to Dated Brent, surged to a discount of only $9.29/b late Wednesday, its highest since March, according to Platts data.
Houston (Platts)--11 Feb 2016 501 am EST/1001 GMT
Ecuadorean crudes continue to help meet Asia's demand as eastward shipments across the Pacific Ocean more than doubled in 2015 and continue to chip away at California's dominance as the largest importer of these crudes, a Platts analysis showed.
Houston (Platts)--10 Feb 2016 519 pm EST/2219 GMT
Western Canadian light oils continued to climb Wednesday to their highest points in several months, bolstered primarily by a producer's maintenance project, Canadian crude oil traders said Wednesday.
Singapore (Platts)--10 Feb 2016 657 am EST/1157 GMT
After pushing Brent crude to a steep premium over Dubai crude prices in recent months, naphtha cracks are now bringing the two global oil benchmarks closer together, potentially reopening the arbitrage window into Asia.
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Natural Gas

Houston (Platts)--11 Feb 2016 450 pm EST/2150 GMT
Spot natural gas prices were mostly trading lower around the Northeast Thursday as temperatures Friday were expected to come off of Thursday's lows.
London (Platts)--11 Feb 2016 955 am EST/1455 GMT
Maximum withdrawal capacity at the UK's largest natural gas storage facility, Rough, has been revised lower by Centrica Storage Ltd.
London (Platts)--10 Feb 2016 522 pm EST/2222 GMT
The startup of US LNG exports, some of which will be headed for Europe, will shift market dynamics, creating a much more competitive European gas market, a senior official from US LNG pioneer Cheniere Energy said Wednesday.
London (Platts)--10 Feb 2016 700 am EST/1200 GMT
French gas storage operator Storengy and PEGAS, the European gas trading platform operated by Powernext, will launch Thursday an intra-day storage service for shippers who need an additional flexible tool to balance their within-day portfolios, the companies said Wednesday.
Tokyo (Platts)--10 Feb 2016 658 am EST/1158 GMT
Japan's Jera Co -- a joint venture between Chubu Electric and Tokyo Electric Power Co -- outlined a 15-year business plan Wednesday that will see its LNG buying become more flexible, resulting in fewer long-term contracts.
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Electric Power

Houston (Platts)--11 Feb 2016 452 pm EST/2152 GMT
ISO New England has issued a cold weather watch for Saturday with high temperatures forecast below freezing, according to the grid operator.
London (Platts)--11 Feb 2016 959 am EST/1459 GMT
German day-ahead power prices rose Thursday to their highest since the short-lived cold snap at the end of January with slight gains for solar not enough to offset a sharp drop in wind power output, according to sources.
Houston (Platts)--10 Feb 2016 518 pm EST/2218 GMT
Coal-fired and nuclear power supplied a larger share of electricity in January in the Electric Reliability Council of Texas compared with December, while natural gas-fired and wind power supplied a smaller share, according to an ERCOT report released Wednesday.
London (Platts)--10 Feb 2016 834 am EST/1334 GMT
Analysts from Societe Generale have cut their forecasts for European power prices by 20% from their outlook in late November as weakness in underlying fuels and demand is expected to persists, while the continued expansion of renewables is changing power pricing levels more structurally.
Houston (Platts)--9 Feb 2016 633 pm EST/2333 GMT
Generators required by the Electric Reliability Council of Texas to ramp down for grid reliability may be compensated under a proposal ERCOT's board has asked stakeholders to reconsider, in response to an appeal of the proposal's failure in committee.
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Louisville, Kentucky (Platts)--10 Feb 2016 523 pm EST/2223 GMT
Rosebud Mining has resumed production at several of its 20 small Pennsylvania thermal coal mines idled in early January and expects about half to be up and running again by the end of February, a company official said Wednesday, adding that the rest could be back online a month later.
Perth (Platts)--10 Feb 2016 649 am EST/1149 GMT
Australian Pacific Coal said Wednesday the resignation of its chief executive and managing director Nathan Tinkler will not affect its planned acquisition of Anglo American's shuttered Dartbrook thermal coal mine in New South Wales.
Houston (Platts)--9 Feb 2016 629 pm EST/2329 GMT
Alpha Natural Resources' existing lenders have reached an agreement with the coal producer to become the stalking-horse bidder to acquire the company's core assets in a $500 million deal, company officials said Tuesday.
New Delhi (Platts)--9 Feb 2016 907 am EST/1407 GMT
India's 12 major state-run ports handled 80 million mt of imported thermal coal in the 10 months to January, up 13% year on year, Indian Ports Association data showed Tuesday.
Houston (Platts)--8 Feb 2016 450 pm EST/2150 GMT
Bankrupt Alpha Natural Resources has announced it will further cut its Central Appalachian coal production with another round of layoffs and mine idlings.
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London (Platts)--11 Feb 2016 923 am EST/1423 GMT
There has been no significant increase in demand for bunker fuel oil in Istanbul despite the price premium to the Black Sea port of Novorossiisk falling to a three-year low, sources said.
Singapore (Platts)--11 Feb 2016 644 am EST/1144 GMT
Japan's NYK Line will consider putting more Capesize ships into cold lay-up if freight rates remain low, its Manager of Capesize Chartering Izuru Ehara told Platts Wednesday.
Moscow (Platts)--11 Feb 2016 528 am EST/1028 GMT
Crude producer Rosneft and Italian shipping company Pietro Barbaro have signed a memorandum of understanding on forming a joint venture that would expand Rosneft's shipping reach internationally, the Russian company said Thursday.
Singapore (Platts)--10 Feb 2016 655 am EST/1155 GMT
Fuel testing agencies Veritas Petroleum Services and Intertanko have expressed concern over proposed changes to international standards for marine fuels.
Singapore (Platts)--10 Feb 2016 652 am EST/1152 GMT
India is expected to see coastal bulk freight traffic rising 20%/year through 2025 to 750 million mt/year from 150-250 million mt currently, a joint study by consultant McKinsey & Co and AECOM showed Tuesday.
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Houston (Platts)--11 Feb 2016 456 pm EST/2156 GMT
US petrochemical producer ExxonMobil Chemical has completed the startup process of its 820,000 mt/year ethylene complex in Beaumont, Texas, the company said Thursday.
Houston (Platts)--10 Feb 2016 517 pm EST/2217 GMT
The US benzene-crude ratio has support at its current mark of 2.65, despite declining crude, because of strong benzene derivative styrene demand, market sources said Wednesday.
London (Platts)--10 Feb 2016 703 am EST/1203 GMT
The backwardation in the Northwest European benzene market has widened $10/mt over the past week to $25/mt, according to Platts data, on the back of positive demand from the Mediterranean and the return of downstream production capacity.
Houston (Platts)--9 Feb 2016 632 pm EST/2332 GMT
The push to increase March US polyethylene contract prices continued to pick up steam Tuesday when Equistar Chemicals joined the list of producers attempting to raise prices by 5 cents/lb.
London (Platts)--9 Feb 2016 915 am EST/1415 GMT
Sentiment in the Northwest European styrene monomer market is becoming increasingly divided as participants digest the return of the major styrene unit at Moerdijk and a tightening US supply outlook.
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Pittsburgh (Platts)--11 Feb 2016 500 pm EST/2200 GMT
The US Senate passed a trade bill on Thursday containing language from the long-awaited, steel industry-championed ENFORCE Act, and the bill awaits President Barack Obama's signature.
London (Platts)--11 Feb 2016 949 am EST/1449 GMT
Molybdenum production at the Highland Valley copper mine in British Columbia fell 35% to 3.4 million lb last year from 5.2 million lb in 2014 on lower grades and recoveries, mine owner Teck Resources said Thursday.
London (Platts)--11 Feb 2016 522 am EST/1022 GMT
The world's gold demand totaled 4,212.2 mt in 2015, down 0.3% on 4,226.4 mt in the previous year, while 2015 saw the slowest rate of supply growth since 2008, the World Gold Council said in its annual report on the industry Thursday.
Melbourne (Platts)--11 Feb 2016 519 am EST/1019 GMT
Rio Tinto has delivered perhaps its most pessimistic outlook yet for the iron ore market, saying record steel exports from China and declining scrap use in the steelmaking process were "far from sufficient to absorb the growth in low-cost seaborne supplies" last year.
Pittsburgh (Platts)--10 Feb 2016 521 pm EST/2221 GMT
Evraz North America will indefinitely close its Portland, Oregon, spiral pipe mill as the company faces regulatory and market challenges, a spokeswoman confirmed Wednesday.
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Santos, Brazil (Platts)--11 Feb 2016 455 pm EST/2155 GMT
Sugarcane crushed in Brazil's Center-South region in the last 16 days of January totaled 3.93 million mt, up from 821,126 mt during same period last year, data from industry association UNICA showed Thursday.
London (Platts)--11 Feb 2016 923 am EST/1423 GMT
Outright prices for biodiesel RME in Northwest Europe dropped to their lowest level in almost 10 months Wednesday, with buying interest lackluster as a number of blenders were already covered for their requirements in Q1 ahead of a specification switch in Q2.
Houston (Platts)--10 Feb 2016 516 pm EST/2216 GMT
The price of Chicago Argo ethanol fell 2.5 cents/gal Wednesday following Energy Information Administration data that showed stocks building to an all-time high.
Singapore (Platts)--10 Feb 2016 709 am EST/1209 GMT
Malaysian exports of palm methyl ester plunged to a mere 61 mt in January, the lowest level since October 2012, according to data released by the Malaysian Palm Oil Board Wednesday.
Houston (Platts)--8 Feb 2016 455 pm EST/2155 GMT
Futures for soybean oil, the dominant feedstock for US-produced biodiesel, fell 48 points to 30.75 cents/lb on Monday, the biggest one-day slide since December 15.
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