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Oil

Houston (Platts)--24May2013/543 pm EDT/2143 GMT
Jet fuel differentials firmed to end a week that saw production and demand exactly matched in the US, just not in the Chicago market, with its world-high outright prices.
Houston (Platts)--24May2013/303 pm EDT/1903 GMT
The increasing turn towards shale crude in the US, such as Bakken and Eagle Ford which produce less fuel oil than traditional Gulf Coast crude slates, has had market players predicting a decrease in fuel oil production along the Gulf as shale becomes a larger and larger portion of the US crude mix.
London (Platts)--24May2013/122 pm EDT/1722 GMT
A US commodity trading house has filed a class-action lawsuit in New York against BP, Shell and Statoil, the three European oil companies being investigated by the European Commission for suspected manipulation of oil prices.
Cape Town (Platts)--24May2013/837 am EDT/1237 GMT
A long-standing dispute over the problems surrounding Kenya's sole refinery in Mombasa is escalating, triggering fears the country could lose clout as an investment magnet for neighboring countries.
New York (Platts)--23May2013/501 pm EDT/2101 GMT
Gasoline prices in Western Canada and the US Midwest have jumped due to supply issues surrounding the turnaround of Suncor's 135,000 b/d Edmonton, Alberta, refinery, industry sources said Thursday.
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Natural Gas

Houston (Platts)--24May2013/549 pm EDT/2149 GMT
With two new major pipelines coming online slated to move up to 590,000 b/d of natural gas liquids out of the Marcellus and Utica shales to the US Gulf Coast, analysts are divided on whether building ethane crackers near these basins is economical.
Washington (Platts)--24May2013/124 pm EDT/1724 GMT
The US natural gas vehicle market needs federal and state tax incentives if it is to grow appreciably in the next 10 years, an analyst with Barclays said Friday.
Kiev (Platts)--24May2013/840 am EDT/1240 GMT
Ukraine plans to reduce imports of natural gas to 27.3 billion cubic meters in 2013 from 32.9 billion cu m in 2012, according to a forecast recently approved by the Ukrainian government and published on Friday.
Houston (Platts)--23May2013/453 pm EDT/2053 GMT
Increasing competition for Texas natural gas supplies because of rising Mexican demand will tighten Southwest markets over the next five years, according to a report from Bentek Energy released Thursday.
Washington (Platts)--23May2013/137 pm EDT/1737 GMT
The NYMEX June natural gas futures contract remained in modestly positive territory midday Thursday after the US Energy Information Administration released a storage report that most market players deemed neutral.
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Electric Power

Washington (Platts)--24May2013/552 pm EDT/2152 GMT
Prices in the PJM Interconnection's annual capacity auction fell sharply this year, with the exception of New Jersey, thanks to new generation, an increase in imports and weak load growth, PJM said Friday.
Washington (Platts)--24May2013/102 pm EDT/1702 GMT
The chairman of the US Senate Energy and Natural Resources Committee has reintroduced a bill aimed at boosting the development of variable renewable power sources, including solar and wind, through new tax incentives for storage technologies.
London (Platts)--24May2013/1241 pm EDT/1641 GMT
The International Energy Agency said Friday that Germany must shield its consumers from paying too much of the cost of its ambitious switch from nuclear power and fossil fuels toward renewable energy.
Washington (Platts)--23May2013/509 pm EDT/2109 GMT
The Eastern Interconnection Planning Collaborative has identified four main objectives for its study of gas and electric system coordination issues, a PJM Interconnection official said Thursday at a PJM gas-electric senior task force meeting.
Washington (Platts)--23May2013/141 pm EDT/1741 GMT
Two key US Republican lawmakers have requested an investigation into how the Nuclear Regulatory Commission determines the cost to industry of its new policies and regulations.
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Coal

Louisville, Kentucky (Platts)--24May2013/554 pm EDT/2154 GMT
After a promising year in 2012, anthracite coal production and prices are down in Pennsylvania in the first five months of 2013, hindered by increased competition overseas and disappointing demand from US steel producers, sources say.
Perth (Platts)--24May2013/955 am EDT/1355 GMT
Unionized workers at the Port Waratah Coal Services terminals in Newcastle, Australia, carried out a planned eight-hour work stoppage Friday and vowed to hold a 24-hour strike Wednesday, the Maritime Union of Australia said in a statement Friday.
Washington (Platts)--23May2013/142 pm EDT/1742 GMT
US coal production totaled about 18.9 million st in the week that ended Saturday, the Energy Information Administration said Thursday.
Manila (Platts)--23May2013/518 am EDT/918 GMT
China's proposed ban on imports of low calorific value thermal coal will have a serious impact on Indonesian sub-bituminous coal prices, industry sources said Thursday.
Washington (Platts)--22May2013/523 pm EDT/2123 GMT
A coalition of US Northwest environmental, health and community groups Wednesday petitioned the US Army Corps of Engineers for an environmental analysis of the three proposed coal export terminals.
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Shipping

London (Platts)--24May2013/217 pm EDT/1817 GMT
The price differential between CIF Amsterdam-Rotterdam-Antwerp ultra low sulfur diesel cargoes and FOB barges rose to $11.50/mt Thursday, amid higher freight premiums in Europe and good demand, traders said Friday.
London (Platts)--24May2013/216 pm EDT/1816 GMT
Clean spot freight rates on flexi-size ships (20,000-24,999 dwt) in Northwest Europe have risen amid a sharp increase in ultra low sulfur diesel cargoes, following the end of Russia's refinery maintenance season, shipping and trading sources said Friday.
London (Platts)--23May2013/551 pm EDT/2151 GMT
Freight rates to send 100,000 mt Urals crude from the Baltic to Northwest Europe have been static since April 30 on persistent low activity combined with lower provisional June exports, adding pressure to rates, shipping and trading sources said Thursday.
Tokyo (Platts)--23May2013/225 am EDT/625 GMT
South Korea's 380 CST bunker fuel premium to Mean of Platts Singapore 380 CST high sulfur fuel oil cargo assessments fell to $19.55/mt Wednesday, the lowest since March 22, due to ample supply, according to Platts data.
London (Platts)--22May2013/926 am EDT/1326 GMT
Clean handysize freight rates for Cross-Mediterranean and Black Sea-Mediterranean routes have dropped further on an oversupply of tonnage and weak cargo demand, sources said Wednesday.
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Petrochemicals

Houston (Platts)--24May2013/228 pm EDT/1828 GMT
Vancouver-based methanol producer Methanex rolled over its US contract price at $1.60/gal ($532.80/mt) FOB US Gulf for June, it said Friday.
London (Platts)--24May2013/1100 am EDT/1500 GMT
The European monoethylene glycol May contract price was fully settled Thursday Eur965/mt ($1,252/mt) FD NWE, industry sources said Friday.
Houston (Platts)--23May2013/448 pm EDT/2048 GMT
US methanol contracts from Methanex are expected to roll over for June while Southern Chemical Corp is expected to decrease by 2-3 cents, market sources said Thursday.
London (Platts)--23May2013/659 am EDT/1059 GMT
An initial European monoethylene glycol May contract price was settled lower by Eur55/mt ($71/mt) to Eur965/mt FD NWE Thursday, industry sources said.
Singapore (Platts)--23May2013/1224 am EDT/424 GMT
The price spread between Asian styrene monomer and petrochemical feedstock naphtha hit an eight-year high of $819.90/mt Wednesday on short covering amid low spot inventory in China, Platts data showed.
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Metals

Washington (Platts)--24May2013/557 pm EDT/2157 GMT
Zinc players in the US market reported slow business this week ahead of the Memorial Day weekend, with zinc premiums from the East Coast to the West seemingly at one uniform level -- high.
London (Platts)--24May2013/255 pm EDT/1855 GMT
Turkish scrap import figures fell again this week with Benelux cargoes settled with steelmakers and cargoes from the US also understood to have been sold at weaker prices to a major electric arc furnace in North Turkey, market participants said Friday.
London (Platts)--24May2013/254 pm EDT/1854 GMT
Indian scrap prices lost another $10/mt over the past week as the market continued to tumble, and most participants predicted a further drop as raw material prices continue downwards.
Melbourne (Platts)--24May2013/902 am EDT/1302 GMT
Centrex Metals said Friday the development of Stage 2 of its Port Spencer project in the Eyre peninsula in South Australia has moved a step forward after the state government gave it the status of a "major project."
London (Platts)--24May2013/903 am EDT/1303 GMT
European aluminum alloy spot prices remained flat this week as both monthly and quarterly consumers keep the pressure on in a well-supplied market. Producers have been pushing in vain to increase spot levels for the key grade of secondary aluminum, standard 226, above Eur1,700/mt ($2,189/mt) and towards Eur1,750/mt as margins are seriously squeezed by high scrap input costs.
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