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Singapore (Platts)--16 Jan 2017 751 am EST/1251 GMT
A double whammy of icy conditions in the oil fields in the Russian Far East and the major non-OPEC producer's latest promise to cut production could lead to a decline in Sokol and Sakhalin Blend crude exports in the first quarter, market sources said Monday.
Singapore (Platts)--16 Jan 2017 324 am EST/824 GMT
Strong demand from Asian refiners amid healthy distillate cracks and expected implementations of OPEC production cuts have propped up cash differentials of Middle Eastern medium heavy sour crude for March loading, traders said late last week.
Abu Dhabi (Platts)--13 Jan 2017 401 am EST/901 GMT
Oil price volatility is here to stay, notwithstanding recent producer pledges of output cuts aimed at calming the international market, the executive director of the International Energy Agency said Friday.
Seoul (Platts)--13 Jan 2017 107 am EST/607 GMT
South Korea will seek more oil and gas imports from the US as part of its efforts to cope with any possible trade disputes after the new administration takes over in Washington, the vice minister of trade, industry and energy said Friday.
Houston (Platts)--12 Jan 2017 608 pm EST/2308 GMT
Sluggish trade in Houston vacuum gasoil barges this week turned attention of market players to substitute feedstock from Algeria, market sources said Thursday.
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Natural Gas

London (Platts)--16 Jan 2017 752 am EST/1252 GMT
France's Total said Monday its average global gas price realization in the fourth quarter was $3.89/MMBtu, up from $3.45/MMBtu in the previous quarter as prices continued to recover from their multi-year lows earlier in 2016.
London (Platts)--13 Jan 2017 806 am EST/1306 GMT
The volume impact of well maintenance at the UK's only long-range natural gas storage facility, Rough, has been reduced to allow for higher withdrawal volumes for the rest of the month, owner and operator Centrica Storage Ltd said in an updated REMIT message Friday.
Tokyo (Platts)--13 Jan 2017 109 am EST/609 GMT
Japan's LNG buyers paid $8/MMBtu for spot cargoes contracted in December, surging 14.3% from November, data released by the Ministry of Economy, Trade and Industry showed Friday.
Houston (Platts)--12 Jan 2017 602 pm EST/2302 GMT
The NYMEX February natural gas futures contract settled 16.2 cents higher to $3.386/MMBtu Thursday, on a larger-than-expected storage withdrawal.
Singapore (Platts)--12 Jan 2017 453 am EST/953 GMT
The Australian government expects its crude and condensate output to increase to 380,000 b/d in fiscal 2017-2018 (July to June), up 21% year on year, on additional condensate production from the country's new LNG projects. Australian LNG production is set to double from 43 million mt in 2016 to more than 80 million mt in 2019, which would be even more than Qatar's estimated annual production of 77 million mt, making it the largest producer of LNG, according to Platts Analytics.
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Electric Power

London (Platts)--16 Jan 2017 855 am EST/1355 GMT
Dutch and German spot and prompt prices were seen posting hefty losses Monday morning after the sharp gains of the previous week taking their cue from a bearish UK NBP market amid a milder weather outlook in the near-term.
London (Platts)--13 Jan 2017 804 am EST/1304 GMT
German nuclear availability remains reduced for weeks 3 and 4 with just six reactors online despite a switchover Friday at two reactors in the southern state of Bavaria, plant operator data shows.
Portland, Maine (Platts)--12 Jan 2017 605 pm EST/2305 GMT
In a finding that could affect the outlook for renewables integration, solar facilities with smart inverter technology can provide key grid services at levels that are similar to, and in some cases better than, conventional power plants, according to a study by California's grid operator, the Department of Energy's National Renewable Energy Laboratory and First Solar.
London (Platts)--12 Jan 2017 844 am EST/1344 GMT
The UK will set up an independent electricity system operator within the larger National Grid Group to avoid any potential or perceived conflicts of interest and to adapt to the changing electricity system, the UK government, energy regulator Ofgem and National Grid said in joint statement Thursday.
Houston (Platts)--11 Jan 2017 556 pm EST/2256 GMT
The Electric Reliability Council of Texas Wholesale Market Subcommittee on Wednesday endorsed a proposal for adding a third year to its congestion revenue rights market and referred issues related to reliability-must-run pricing and day-ahead market resettlements to other stakeholder groups.
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New Delhi (Platts)--16 Jan 2017 755 am EST/1255 GMT
Indian state-owned Coal India Limited's subsidiary Central Coalfields Limited has raised its coking coal prices with effect from Saturday.
Houston (Platts)--13 Jan 2017 537 pm EST/2237 GMT
The optimism prevalent through the US Central Appalachian coal industry heading into the New Year has started to temper as an expected cold January has failed to materialize.
Singapore (Platts)--13 Jan 2017 221 am EST/721 GMT
China imported 26.84 million mt of coal in December, including lignite, thermal and metallurgical material, down 0.5% from November but up 52.2% year on year, according to preliminary data released Friday by China's General Administration of Customs.
Houston (Platts)--12 Jan 2017 601 pm EST/2301 GMT
Weekly US coal production totaled an estimated 13.78 million st in the holiday-shortened week ended January 7, up 11.1% from the previous week and up 19.6% from the year-ago week, US Energy Information Administration data showed Thursday.
Louisville, Kentucky (Platts)--11 Jan 2017 551 pm EST/2251 GMT
Illinois apparently produced around 44 million short tons of thermal coal in 2016, down from 56 million st the year before, but certain factors are trending upward for 2017, a coal industry official said Wednesday.
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London (Platts)--16 Jan 2017 748 am EST/1248 GMT
Marine fuel suppliers that operate independently from refiners and cargo traders should pull out from the world's larger bunkering hubs as consolidation continues to shrink the sector, according to maritime consultant and industry veteran Adrian Tolson.
Houston (Platts)--12 Jan 2017 606 pm EST/2306 GMT
S&P Global Platts assessed Savannah IFO 380 CST bunker fuel at $373.50/mt ex-wharf Thursday, up $3.50/mt on the day, amid talk of tight supplies and rising crude oil prices.
Singapore (Platts)--11 Jan 2017 126 am EST/626 GMT
China's Unipec maintained its position as top charterer of dirty tankers in 2016 for the sixth year running, accounting for 13.5% of total fixtures, shipbroker Poten & Partners said in a report released late last week.
Singapore (Platts)--10 Jan 2017 849 am EST/1349 GMT
Global piracy reached its lowest level in 18 years in 2016, with the number of vessels hijacked falling from the previous year, ICC International Maritime Bureau said in its annual piracy report Tuesday.
Houston (Platts)--9 Jan 2017 623 pm EST/2323 GMT
The New Orleans IFO 380 CST premium to the same product in Houston nearly doubled on Monday amid strong prompt demand and some congestion in Houston, rising to $39/mt from $20/mt on Friday, S&P Global Platts data show.
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Singapore (Platts)--16 Jan 2017 326 am EST/826 GMT
Phthalic anhydride margins surged to a five-year high of $131/mt CFR China last Friday after an end-year surge in demand for PA to make dioctyl phthalate.
London (Platts)--13 Jan 2017 807 am EST/1307 GMT
The European acetic acid price has increased Eur15/mt ($16/mt) from mid-December as result of the lagging effect of a bullish methanol market in December, sources said.
London (Platts)--12 Jan 2017 847 am EST/1347 GMT
About 4 million mt/year of new Iranian methanol capacity expected to begin production this year has been delayed from its original schedule, trade sources said.
Singapore (Platts)--11 Jan 2017 956 pm EST/256 GMT
A 5,000 mt parcel of isomer-grade mixed xylenes that loaded from Taiwan's Kaohsiung port on Tuesday is the first arbitrage cargo from Asia to the US in 2017, a market source said Wednesday.
Singapore (Platts)--11 Jan 2017 306 am EST/806 GMT
The FOB Korea benzene marker surged $102/mt, or 12.4% week on week, to be assessed at a 25-month high of $926/mt Tuesday, amid firm Chinese demand and few spot availability in the FOB Korea market.
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Singapore (Platts)--16 Jan 2017 757 am EST/1257 GMT
China unveiled updated regulations for entry into the iron and steel scrap processing industry Friday, its latest move as part of a battle waged against induction furnace operators -- this time by starving them of a key raw material: scrap.
London (Platts)--16 Jan 2017 756 am EST/1256 GMT
Politics are likely to be the main driver of the dollar gold price in 2017, with an average of $1,272/oz forecast by trade house and refinery MKS Monday.
Perth, Australia (Platts)--13 Jan 2017 808 am EST/1308 GMT
The Iranian parliament has imposed a new duty on steel imports, likely to be effective from September this year, according to the ICANA news agency, which is affiliated to the parliament.
Tokyo (Platts)--12 Jan 2017 849 am EST/1349 GMT
Oman's Gulf Mining plans to triple its high-carbon ferrochrome production capacity by 2020 amid strong demand, Chief Executive Officer Mohammed Al Shabibi said Thursday.
Tokyo (Platts)--12 Jan 2017 1201 am EST/501 GMT
Chrome ore prices in the Chinese domestic spot market have fallen this month ahead of the Lunar New Year, while import prices are holding stable, market sources said Thursday.
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London (Platts)--16 Jan 2017 856 am EST/1356 GMT
Russian wheat exports in the 2016-17 marketing year from July 1 to January 11 were up 4.9% year on year at 16.285 million mt, Ministry of Agriculture data showed Monday.
Singapore (Platts)--16 Jan 2017 325 am EST/825 GMT
Australian wheat is expected to dominate Asia's market in the first half of 2017, as a large export surplus will pressure prices to be more competitive and attract buyers, traders said late last week.
Houston (Platts)--12 Jan 2017 604 pm EST/2304 GMT
US ethanol inventories on the rise have market participants worried about a capacity crunch at Kinder Morgan's Argo, Illinois, terminal, sources said Thursday.
London (Platts)--12 Jan 2017 845 am EST/1345 GMT
Total biodiesel blending in Spain for November 2016 rose on the month, with a total of 81,160 mt of biodiesel blended into 1.849 million mt of road diesel, while the amount of ethanol blended into gasoline rose to 20,887 mt, blended into 367,383 mt of gasoline, according to data released Thursday by the country's strategic oil reserves corporation (CORES).
Houston (Platts)--11 Jan 2017 553 pm EST/2253 GMT
US rail transportation of grain products in the week ended January 7 totaled 21,476 cars, up 0.9% from the corresponding week a year ago, the Association of American Railroads said Wednesday.
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