Skip Navigation LinksHome|News & Analysis|Latest News Headlines

Latest News Headlines

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


Houston (Platts)--28 May 2015 406 pm EDT/2006 GMT
On the backdrop of the severe storms in East Texas, US Gulf Coast refiners are holding onto gasoline barrels at the same time distressed Midwestern buyers are looking to bring supplies north, Gulf Coast trading sources said Thursday.
London (Platts)--28 May 2015 839 am EDT/1239 GMT
The Mediterranean desulfurization margin -- the difference between ultra low sulfur diesel and 0.1% gasoil CIF cargoes -- widened to $5.25/mt Wednesday after having fallen to parity last week.
Jakarta (Platts)--28 May 2015 419 am EDT/819 GMT
Indonesia is seeking crude supplies from Iran to meet its demand which is expected to rise significantly should the Southeast Asian nation's refinery expansion plans materialize.
Houston (Platts)--27 May 2015 404 pm EDT/2004 GMT
Colonial Pipeline will hold six auctions for 250,000 barrels of surplus heating oil Thursday at its Linden, New Jersey, and South Baltimore or Curtis Bay, Maryland, delivery locations.
London (Platts)--27 May 2015 621 am EDT/1021 GMT
Norway's previously long-standing cordial relations with Russia have deteriorated to the point that there is a real chance that simmering feelings could escalate, leading to a breakdown of cooperation in the oil and gas sector.
Previous News

Natural Gas

Houston (Platts)--28 May 2015 414 pm EDT/2014 GMT
On its first day as the prompt month, the NYMEX July natural gas futures contract slid 14.1 cents to settle at $2.706/MMBtu on Thursday, as the market reacted to government data that showed a build to storage stocks well above expectations.
London (Platts)--28 May 2015 926 am EDT/1326 GMT
UK NBP wholesale gas prices found support Thursday morning with ongoing and new unplanned outages in Norway restricting European supply.
Tokyo (Platts)--28 May 2015 552 am EDT/952 GMT
Japan's Jera, the joint venture between Tokyo Electric Power Company and Chubu Electric, eyes selling volumes from the US Freeport LNG project to Europe or other markets as an alternative, if it is not economically viable to bring the LNG to Japan, the company's president said this week.
Houston (Platts)--28 May 2015 550 am EDT/950 GMT
Massive flooding in much of Oklahoma has resulted in extensive damage to oil and natural gas exploration and production operations across much of the state, an Oklahoma Corporation Commission spokesman said Wednesday.
London (Platts)--27 May 2015 811 am EDT/1211 GMT
The UK's new Conservative government is planning an energy bill to set up the new Oil and Gas Authority with the powers it needs to become a "robust, independent and effective regulator" and to give local communities the final say on wind farm applications, the government said Wednesday.
Previous News

Electric Power

London (Platts)--28 May 2015 917 am EDT/1317 GMT
German day-ahead power prices rebounded Thursday as wind output was forecast to drop Friday, but the monthly spot average for May was still on track for its lowest level since at least 2003, according to sources.
Houston (Platts)--27 May 2015 435 pm EDT/2035 GMT
New York will have 3,622 MW, or 10.8%, more generation capacity than needed under a baseline summer demand forecast, but only 1,327 MW, or 3.7%, more than what load could be at the 90th percentile, stakeholders learned Wednesday.
London (Platts)--27 May 2015 730 am EDT/1130 GMT
Prompt power contracts in the UK slid Wednesday morning on strong wind generation infeed forecasts and stable NBP gas prices, following a thinly traded session, market sources said.
Boston (Platts)--27 May 2015 730 am EDT/1130 GMT
The Lower Colorado River Authority wants more wholesale customers for its its surplus power in Texas, such that its recently rebranded wholesale services arm will actively pursue new customers outside its usual service area.
Barcelona (Platts)--26 May 2015 833 am EDT/1233 GMT
The global value of carbon pricing instruments stands at $48 billion in 2015, according to a report released Tuesday by the World Bank Group and consulting company Ecofys.
Previous News


Houston (Platts)--28 May 2015 415 pm EDT/2015 GMT
Birmingham Coal & Coke Co., an Alabama producer and subsidiary of CanAm Coal, filed for Chapter 11 bankruptcy on Wednesday, adding to the string of troubles for the Appalachian coal industry.
London (Platts)--28 May 2015 734 am EDT/1134 GMT
The UK's rate of thermal coal consumption in March fell 14% on the year to 3.76 million mt, but increased 3% on the month, according to data by the Department of Energy and Climate Change Thursday.
Houston (Platts)--28 May 2015 543 am EDT/943 GMT
The Q3 and Q4 2015 Central Appalachia rail (CSX) futures contracts were the only trades seen Wednesday in the US over-the-counter thermal coal market, as the spread between the prompt month and the prompt year continues to widen.
Singapore (Platts)--28 May 2015 301 am EDT/701 GMT
Citibank lowered its long-run thermal coal forecast by about 11%, citing increasing competition from natural gas and renewable energy generation and weak Chinese demand.
Houston (Platts)--27 May 2015 307 pm EDT/1907 GMT
Planned Australian thermal coal production from the Galilee Basin, while not bound for the same Asian markets eyed by Powder River Basin producers, could still displace PRB exports over the next several years, sources familiar with the thermal coal export markets said Tuesday.
Previous News


Singapore (Platts)--28 May 2015 405 pm EDT/2005 GMT
Golden Ocean's Capesize vessels earnings slumped to $3,100/day time-charter equivalent for the first quarter from $13,200/day the previous quarter, the company said in an earnings statement Thursday.
London (Platts)--28 May 2015 904 am EDT/1304 GMT
An open arbitrage to move distillates west from the Persian Gulf and Red Sea to Europe has pushed up shipping rates on the major jet fuel export route, with the price for moving Long Range sized vessels spiking to $37.69/mt, its highest level since December 2012.
Singapore (Platts)--28 May 2015 258 am EDT/658 GMT
A tightening tonnage availability coupled with a lack of vessels suitable for carrying naphtha has seen freight rates for Asian Long Range I clean product tankers hit the highest level for the year, market sources said Thursday.
Singapore (Platts)--27 May 2015 733 am EDT/1133 GMT
A prolonged period of paltry returns and overcapacity in the dry bulk freight market has resulted in the creation of new shipping pools by shipowners to help stay afloat.
Singapore (Platts)--27 May 2015 728 am EDT/1128 GMT
Anglo-Dutch major Shell is set to deliver a Nigerian LNG cargo to Thailand's state-owned PTT on Thursday, a source with direct knowledge of the delivery said Wednesday.
Previous News


Houston (Platts)--28 May 2015 408 pm EDT/2008 GMT
Southern Chemical Corp has rolled over its North American June methanol contract price at $1.33/gallon ($442/mt) FOB USG, the company said Thursday.
London (Platts)--28 May 2015 742 am EDT/1142 GMT
The spread between benzene and TDI grade toluene slid into negative territory on Wednesday, leaving hydrodealkylation (HDA) economics even worse off than before.
Houston (Platts)--28 May 2015 546 am EDT/946 GMT
May US domestic polystyrene contracts were settling 3-4 cents/lb ($66-$88/mt) higher than April contract prices, market sources said Wednesday.
Singapore (Platts)--28 May 2015 542 am EDT/942 GMT
China's appetite for imported naphtha has grown since the start of the year on the back of strong demand from petrochemical producers, market sources and traders said this week
Singapore (Platts)--28 May 2015 423 am EDT/823 GMT
The CFR China polystyrene-styrene monomer price spread hit a four-month high Wednesday due to a slide in feedstock SM prices, Platts data showed.
Previous News


Sao Paulo (Platts)--28 May 2015 607 pm EDT/2207 GMT
Increasing imports of rebar that reportedly don't meet Chilean standards are a concern, Gerdau Chile General Manager Italo Ozzano said in May's edition of the company's publication Alma de Acero.
London (Platts)--28 May 2015 732 am EDT/1132 GMT
Car production in the UK surpassed 500,000 units for 2015 in April, with 530,505 new cars built in the first four months of the year, the Society of Motor Manufacturers and Traders said Thursday.
Singapore (Platts)--28 May 2015 729 am EDT/1129 GMT
Spot prices of 75%-Si ferrosilicon in Asia were in narrower ranges this week amid tightening supply and higher offers in the market.
Singapore (Platts)--28 May 2015 728 am EDT/1128 GMT
The spot price of 553-grade 98.5% silicon metal in Asia fell for an eight straight week on prolonged poor demand.
Pittsburgh (Platts)--27 May 2015 436 pm EDT/2036 GMT
The US flat-rolled market holds a lot of upside potential but no timeline for that potential to be realized, market sources said Wednesday.
Previous News


Houston (Platts)--28 May 2015 413 pm EDT/2013 GMT
Despite a rise in production rates, US ethanol stocks for the week ended May 22 fell to a 2015 low, Energy Information Administration data showed Thursday.
London (Platts)--28 May 2015 737 am EDT/1137 GMT
The premium of Platts T2 ethanol physical assessment to the front-month paper contract fell to a nine month low Wednesday as active selling interest served to move the physical price down Eur18/cu m day on day.
London (Platts)--28 May 2015 735 am EDT/1135 GMT
The EU issued 11,493 mt of sugar import licenses during the week beginning May 18 under EPA-EBA agreements, 1,830 mt more that a week earlier but well below the average of 36,377 mt for the current campaign, the European Commission said Thursday.
London (Platts)--27 May 2015 723 am EDT/1123 GMT
The European Commission has reported a "fairly good start of the cycle" for beet growing, with favorable weather conditions but some initial difficulties, according to the bloc's monthly Monitoring Agricultural Resources (MARS) publication for May.
London (Platts)--27 May 2015 647 am EDT/1047 GMT
Singapore-based agribusiness Wilmar is on schedule to receive and place the record 1.91 million mt of raw sugar it purchased against the ICE May futures contract by July 15, a source close to the matter told Platts, dismissing market talk the company was struggling to find homes for the sugar.
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.