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Oil

Singapore (Platts)--24 Apr 2014 352 am EDT/752 GMT
Demand for Russian M100 fuel oil -- a major cracking feedstock at "teapot" refineries in eastern China's Shandong province -- remained thin this week, as refiners turn to residual oil and wax oil as alternatives, market sources said Wednesday.
Moscow (Platts)--24 Apr 2014 353 am EDT/753 GMT
Russian oil pipeline operator Transneft said late Wednesday there may be disruption or a complete halt to Russian oil product deliveries to Ukraine and transit to Hungary because of a dispute with the Ukrainian authorities over the ownership of the product line from Russia through western Ukraine.
Houston (Platts)--23 Apr 2014 506 pm EDT/2106 GMT
Wall Street's concerns about the current pace of shallow-water drilling activity in a stagnating Gulf of Mexico suggests the market may be "overly cautious," since activity appears to be currently in balance and could pick up further near-term, the CEO of Hercules Offshore said Wednesday.
Calgary (Platts)--23 Apr 2014 505 pm EDT/2105 GMT
Canada has set a deadline of May 2017 for the total removal or retrofit of all legacy DOT-111 rail cars that are currently being used to ship crude oil and ethanol from Western Canada to refineries in North America, federal Transport Minister Lisa Raitt said Wednesday.
London (Platts)--23 Apr 2014 826 am EDT/1226 GMT
Refining margins for sweet crudes are out-performing margins for sour crudes like Urals in Northwest Europe, Platts data shows, as lighter refined products have surged while heavier products have dropped.
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Natural Gas

London (Platts)--24 Apr 2014 403 am EDT/803 GMT
UK shale gas exploration and production could generate a GBP33 billion ($55 billion) investment boom, according to a report published by the UK shale lobby group UK Onshore Operators Group.
Sydney (Platts)--24 Apr 2014 402 am EDT/802 GMT
Trading in shares of Australian oil and gas producers Roc Oil and Horizon Oil was suspended Thursday pending an announcement about a potential takeover, the companies said in separate statements to the local stock exchange.
Knoxville, Tennessee (Platts)--23 Apr 2014 625 pm EDT/2225 GMT
UGI Utilities will pay a $96,000 civil penalty and change its operating procedures as part of a settlement with Pennsylvania regulators over a gas ignition incident in June 2012, the Pennsylvania Public Utility Commission said Wednesday.
Kiev (Platts)--23 Apr 2014 743 am EDT/1143 GMT
Ukraine's natural gas output in March fell 5.6% year-on-year to 1.68 billion cubic meters, from 1.78 Bcm in March 2013, an energy and coal industry ministry official said Wednesday, citing preliminary figures.
Washington (Platts)--22 Apr 2014 226 pm EDT/1826 GMT
Technologies that will increase the low rate of ultimate recoveries in shale plays are the next disruptive forces in US oil and gas production, experts said Tuesday in Washington.
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Electric Power

Portland, Maine (Platts)--23 Apr 2014 1250 pm EDT/1650 GMT
NRG Energy and Chevron Power will be able to swap power plant capacity in California under an order from the US Federal Energy Regulatory Commission.
London (Platts)--23 Apr 2014 604 am EDT/1004 GMT
Drax is to take legal action against the UK government after it received only one Contract for Difference offer for its two coal-to-biomass conversion projects, the coal-fired power generator said in a stock market statement Wednesday.
Louisville, Kentucky (Platts)--22 Apr 2014 642 pm EDT/2242 GMT
Sufficient generation and transmission resources exist to reliably meet Michigan electric customer demand for the rest of 2014.
London (Platts)--22 Apr 2014 912 am EDT/1312 GMT
UK prompt power prices edged a touch lower Tuesday, with fundamentals little changed since the previous trading session before the long Easter weekend, reflecting sentiment in the natural gas market, sources said.
Louisville, Kentucky (Platts)--21 Apr 2014 354 pm EDT/1954 GMT
Dayton Power & Light said changing market conditions mean it cannot comply with a March order by Ohio regulators to speed the divestiture of about 3,400 MW of mostly coal-fired capacity.
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Coal

Louisville, Kentucky (Platts)--23 Apr 2014 507 pm EDT/2107 GMT
The Landree underground steam coal mine in southern Indiana is back in production and its new owners intend to resume shipments to Indianapolis Power & Light in May, a company official confirmed Wednesday.
New Delhi (Platts)--23 Apr 2014 602 am EDT/1002 GMT
Indian power utilities' thermal coal imports jumped by 26.5% to 79.7 million mt in fiscal 2013-2014, compared to 63 million mt a year ago, a Central Electricity Authority official told Platts Wednesday.
London (Platts)--22 Apr 2014 230 pm EDT/1830 GMT
US miner Arch Coal on Tuesday cut its 2014 met coal sales guidance by 1 million short tons, to 6.3-7.3 million st, as shipments and pricing remain weak for the foreseeable future.
London (Platts)--22 Apr 2014 805 am EDT/1205 GMT
Thermal and coking coal exports from Australia's Newcastle port fell 12.5% on the week to 2.64 million mt in the week to Sunday, after four weeks of gains, according to the Newcastle Port Corporation's latest update.
Louisville, Kentucky (Platts)--21 Apr 2014 516 pm EDT/2116 GMT
North Dakota coal officials on Monday hailed a federal judge's decision to strike down a Minnesota law aimed at restricting the flow of coal-fired electricity into Minnesota.
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Shipping

London (Platts)--23 Apr 2014 607 am EDT/1007 GMT
Handysize freight rates for dirty tankers on the Black Sea-Mediterranean and Cross-Mediterranean routes, basis 30,000 mt, fell to their lowest in over four months Tuesday because of a lack of inquiries.
Houston (Platts)--22 Apr 2014 649 pm EDT/2249 GMT
The spread between high sulfur bunker fuel prices in Buenos Aires and the competing port of Montevideo, Uruguay, increased to its widest margin in over four months Tuesday, according to Platts data.
London (Platts)--22 Apr 2014 902 am EDT/1302 GMT
Clean Northwest European barge rates are at year-to-date peaks on high liquidity in the Rotterdam ultra low sulfur diesel market and low Rhine water levels.
Singapore (Platts)--22 Apr 2014 658 am EDT/1058 GMT
Capesize freight rates in the Pacific and Atlantic continued to creep up Tuesday with vessel owners and charterers locked in a "Mexican standoff", resulting in thin fixture activity, market participants said.
Madrid (Platts)--21 Apr 2014 1015 am EDT/1415 GMT
Spanish LNG throughput in the week that ended Sunday fell 27.7% from the corresponding week of last year, according to data released Monday by gas grid operator Enagas.
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Petrochemicals

Seoul (Platts)--24 Apr 2014 357 am EDT/757 GMT
South Korea's third-largest refiner, S-Oil, sold a combined 639,000 b/d of oil products, petrochemicals and lube in the first quarter of this year, up 1.4% from 630,000 b/d a year ago, the company said in a statement Thursday.
Houston (Platts)--23 Apr 2014 511 pm EDT/2111 GMT
US chlor-alkali plants operated at 81% of capacity in March, the lowest rate since October's level of 79%, data released Wednesday by the Chlorine Institute showed.
Singapore (Platts)--23 Apr 2014 827 am EDT/1227 GMT
Asian benzene prices dropped $19.50/mt Wednesday, pulled lower by a tumble in US benzene Tuesday, but the magnitude of the fall in US prices has nearly closed the arbitrage window from South Korea to the US, according to sources.
Houston (Platts)--22 Apr 2014 708 pm EDT/2308 GMT
The US spot benzene assessment reached its lowest level in nearly five months Tuesday at $4.45/gal ($1,331.89/mt) FOB USG for April.
Singapore (Platts)--22 Apr 2014 931 am EDT/1331 GMT
PetroChina cut its ex-works offer for isomer-grade mixed xylenes in South China by Yuan 100/mt, or 1.2%, to Yuan 8,250/mt effective Tuesday, according to market sources.
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Metals

Singapore (Platts)--24 Apr 2014 410 am EDT/810 GMT
Anglo American said Thursday that it increased output of iron ore and metallurgical coal in the first quarter ended March 31, mainly due to a ramp-up in operations.
Hong Kong (Platts)--24 Apr 2014 401 am EDT/801 GMT
China exported 40,000 mt of ferroalloys in March, down 50% from a year ago, according to data published by the General Administration of Customs late Wednesday.
Washington (Platts)--24 Apr 2014 400 am EDT/800 GMT
Standard & Poor's Ratings Services on Wednesday affirmed all its ratings on US aluminum giant Alcoa, including its BBB- corporate credit rating.
Pittsburgh (Platts)--23 Apr 2014 626 pm EDT/2226 GMT
The US steel sheet market continued to report offers from producers above published minimum base prices, as mills look to keep upward pressure on pricing amid supply tightness.
Singapore (Platts)--23 Apr 2014 553 am EDT/953 GMT
Glencore-Merafe Chrome Venture and European stainless steelmakers have settled the term price for April-June ferrochrome sales at 122 cents/lb, up 3% from the Q1 price of 118 cents/lb, Merafe Resources said Wednesday.
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Agriculture

Houston (Platts)--23 Apr 2014 514 pm EDT/2114 GMT
US ethanol stocks for the week ended April 18 moved up 566,000 barrels to a seven-week high of 16.518 million barrels, despite a production dip of 29,000 b/d to 910,000 b/d, Energy Information Administration data showed Wednesday.
Santos, Brazil (Platts)--23 Apr 2014 1249 pm EDT/1649 GMT
Any increase in Brazil's blending mandate for anhydrous ethanol into gasoline could stretch capacity and as a result change ethanol trade flows with the US, according to Platts unit Kingsman.
London (Platts)--23 Apr 2014 901 am EDT/1301 GMT
Vivergo, the UK's largest ethanol producer by capacity, said Wednesday that profitability at its 420,000 cubic meter/year (111 million gallon/year) plant at Hull in northeast England has been "adversely affected" by the lowest spot prices in nearly four years.
London (Platts)--22 Apr 2014 226 pm EDT/1826 GMT
Argentine President Cristina Fernandez de Kirchner has asked Congress to lift taxes on biodiesel producers to counter the negative effect of EU antidumping tariffs on the local biodiesel industry, national Argentina newspaper La Nacion reported.
Washington (Platts)--21 Apr 2014 432 pm EDT/2032 GMT
The proposed blending targets in the 2014 Renewable Fuel Standard will likely be revised higher, advocates for multiple industries said Monday.
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