Skip Navigation LinksHome|News & Analysis|Latest News Headlines

Latest News Headlines

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


Calgary (Platts)--30 Jan 2015 407 pm EST/2107 GMT
Alberta's major oil sands producers are still investing in the current price environment, but the pinch is being felt increasingly by junior producers, several of whom are burdened with significant debts, according to industry observers.
London (Platts)--30 Jan 2015 906 am EST/1406 GMT
The status of middle distillates currently stored in Turkish terminals is still unclear, according to traders Friday, amid an impending VAT change designed to identify oil products imported for either re-export or domestic distribution.
Houston (Platts)--30 Jan 2015 520 am EST/1020 GMT
Crude oil from Libya was imported to refiners in the US Gulf Coast in November for the first time since August 2013, according to data released Wednesday by the US Energy Information Administration.
Singapore (Platts)--30 Jan 2015 1200 am EST/500 GMT
Commercial onshore light distillates stocks in Singapore rose to a record high of 14.737 million barrels for the week ended January 28, due to weak seasonal demand for gasoline and steady flows into the city-state.
New York (Platts)--29 Jan 2015 305 pm EST/2005 GMT
US crude exports rose 126,000 b/d to a record 502,000 b/d in November, US Energy Information Administration data showed Thursday.
Previous News

Natural Gas

London (Platts)--30 Jan 2015 946 am EST/1446 GMT
Spot gas prices were lower Friday morning as steady flows continued from Norway despite the country facing some production issues.
Singapore (Platts)--30 Jan 2015 524 am EST/1024 GMT
The Platts JKM for March LNG deliveries fell by $0.65/MMBtu over the course of the week to $7.10/MMBtu, on continued weak North Asian demand, and results from a recent buy tender from Japan's Tohoku Electric, expected to set expectations for future deals to be lower.
Houston (Platts)--29 Jan 2015 1109 am EST/1609 GMT
The March NYMEX natural gas contract plunged 14.7 cents to about $2.695/MMBtu -- below any prompt-month settle price since August 2012 -- at about 10:45 am EST (1545 GMT) as Thursday's natural gas storage withdrawal was smaller than generally expected.
Moscow (Platts)--29 Jan 2015 711 am EST/1211 GMT
Russia's Gazprom said Thursday that falling oil prices, which have halved in the past few months, are starting to be reflected in price of natural gas, a trend the gas giant fears could affect its business in the near future.
Singapore (Platts)--28 Jan 2015 1029 pm EST/329 GMT
Falling LNG costs and rising domestic gas prices in China have made opportunistic purchases increasingly attractive for non-traditional LNG buyers, which are now putting pressure on state-owned terminal operators to gain access to their import infrastructure.
Previous News

Electric Power

Houston (Platts)--30 Jan 2015 536 pm EST/2236 GMT
While the number of banks active in physical power trading in the US has been decreasing, at least one perennial market maker -- Goldman Sachs trading arm J Aron -- has been holding steady.
London (Platts)--30 Jan 2015 832 am EST/1332 GMT
UK baseload and peakload power for Monday delivery rose on Friday as below-average temperatures are set to boost peak power demand, while forecast declining wind output is likely to squeeze surplus margins, market sources said.
Houston (Platts)--29 Jan 2015 306 pm EST/2006 GMT
US wind power developers installed 4,850 MW of new capacity in 2014, bringing total capacity to 65,875 MW, according to data from the American Wind Energy Association.
London (Platts)--29 Jan 2015 915 am EST/1415 GMT
French day-ahead power prices fell Thursday with demand set to ease ahead of cold weather conditions forecast for next week, boosting week-ahead contracts with week 6 peakload heard at a 2015 high of Eur62/MWh, according to sources.
London (Platts)--28 Jan 2015 707 am EST/1207 GMT
UK electricity demand peaked at 52,264 MW at 17:30 GMT Tuesday, and is forecast to remain close to 52 GW Wednesday and Thursday, according to data on Elexon's Balancing Mechanism website Wednesday.
Previous News


Houston (Platts)--30 Jan 2015 407 pm EST/2107 GMT
US and Venezuelan spot petcoke prices were little changed this week as sellers held on while buyers waited to see how falling coal prices and supply shifts would affect price.
London (Platts)--30 Jan 2015 643 am EST/1143 GMT
Turkey's thermal coal imports in 2014 rose 13% year on year to 23.566 million mt, boosted by an all-time record volume of Colombian and South African intake, data from the Turkish Statistical Institute (TUIK) showed Friday.
Singapore (Platts)--30 Jan 2015 642 am EST/1142 GMT
Indonesian coal miner Adaro Energy said Friday that production rose by 8% year on year to touch 56.21 million mt in 2014 even as coal prices continued to be pressured by weak demand.
Houston (Platts)--29 Jan 2015 540 pm EST/2240 GMT
A National Coal Council study released Thursday determined that more funding and other incentives are needed to produce carbon capture technology that would work on a global, commercial scale.
London (Platts)--29 Jan 2015 709 am EST/1209 GMT
The UK's rate of thermal coal burn in November was down 15% year-on-year at 3.66 million mt, despite reaching a seven-month high, according to data by the Department of Energy and Climate Change Thursday.
Previous News


Bogota (Platts)--30 Jan 2015 538 pm EST/2238 GMT
Citing "unfavorable market conditions," Canada-based Pacific Rubiales Energy has decided to postpone the start-up of its floating LNG project, according to its partner, FLNG vessel builder Exmar.
London (Platts)--30 Jan 2015 938 am EST/1438 GMT
Bunker operations are likely to be disrupted in the Turkish port of Istanbul this weekend because of stormy weather, sources said Friday.
London (Platts)--29 Jan 2015 259 pm EST/1959 GMT
Front-haul freight rates in the US Gulf have plummeted as the volume of inquiry has dramatically dropped this month, shifting the focus of the industry players to Brazil and Argentina ahead of the South American grain season.
London (Platts)--29 Jan 2015 706 am EST/1206 GMT
Shipowners and charterers not complying with new regulations within SECA -- Sulfur Emission Control Area -- zones, in place since January 1, should expect penalties amounting to $25,000 per violation, per day, marine insurer Skuld said Thursday.
Houston (Platts)--28 Jan 2015 458 pm EST/2158 GMT
The Medium Range tanker freight rate to move clean products from the US Gulf Coast to the UK Continent slumped to a 7 1/2-month low of Worldscale60 Wednesday, with an increase in fixing activity mid-week failing to absorb abundant tonnage on the Gulf Coast and stem the recent slide in rates.
Previous News


Houston (Platts)--30 Jan 2015 539 pm EST/2239 GMT
The February US butadiene contract price settled 8-9 cents/lb ($176-$198/mt) lower than January at a 27-34 cents/lb ($595-$750/mt) split settlement, sources said Friday.
London (Platts)--30 Jan 2015 556 am EST/1056 GMT
Prices of n-butanol, iso-butanol and 2-ethylhexanol prices are set to slip moving into February as customers demand that discounts seen upstream are passed on, industry sources said this week.
Houston (Platts)--28 Jan 2015 456 pm EST/2156 GMT
January US domestic polystyrene contracts were settling 9-11 cents/pound ($198-$243/mt) below December, sources said Wednesday.
London (Platts)--28 Jan 2015 858 am EST/1358 GMT
Indian ethyl acetate, or etac, imports into Europe are not economically feasible currently, market sources said, due to fierce competition between European suppliers, a depreciating euro and higher feedstock costs in India.
Dubai (Platts)--28 Jan 2015 659 am EST/1159 GMT
Shell Wednesday signed a heads of agreement with the Iraqi government for the development of a major petrochemicals complex in the south of the country, a spokesman for Shell said Wednesday.
Previous News


Sao Paulo (Platts)--30 Jan 2015 403 pm EST/2103 GMT
Domestic buyers are doubting whether the new price list for flat steel products in Brazil, in effect since mid-January, will endure the Brazilian real's appreciation against the US dollar this month, opening room for cheaper imports.
Liverpool (Platts)--30 Jan 2015 957 am EST/1457 GMT
Low outsell prices continued to weigh on the UK hot rolled coil market Friday, despite demand being strong so far this year, sources said.
Singapore (Platts)--30 Jan 2015 527 am EST/1027 GMT
China's spot alumina prices dropped further this week on the back of continued weak market sentiment and lacking demand, sources said Friday.
Tokyo (Platts)--30 Jan 2015 418 am EST/918 GMT
Platts assessed the spot price of 60%-grade high-carbon ferrochrome imported into Japan at 86-88 cents/lb CIF Japan Friday, January 30, unchanged for the seventh week running on deals reported were for small lots of 20-100 mt.
Tokyo (Platts)--30 Jan 2015 1246 am EST/546 GMT
Russian Rusal's 2014 aluminum production fell 7% year on year to a record low of 3.6 million mt, the world's largest aluminum producer said January 30.
Previous News


Sao Paulo (Platts)--30 Jan 2015 236 pm EST/1936 GMT
Ethanol prices in Brazil have been on the rise following recent measures to increase gasoline taxes in the country.
Houston (Platts)--29 Jan 2015 541 pm EST/2241 GMT
Soybean oil futures and heating oil futures -- two key components in determining costs and margins for US biodiesel -- fell to their lowest levels in more than five years on Thursday, improving blending economics for the domestic industry.
Houston (Platts)--28 Jan 2015 318 pm EST/2018 GMT
US ethanol stocks rose 244,000 barrels last week to a two-year high of 20.631 million barrels, data from the Energy Information Administration showed Wednesday.
Houston (Platts)--27 Jan 2015 359 pm EST/2059 GMT
Ethanol markets on the US East Coast set a bearish tone throughout the industry Tuesday as previously cautious blenders breathed a sigh of relief, sources said.
Houston (Platts)--26 Jan 2015 456 pm EST/2156 GMT
The relationship between feedstock soybean oil and blendstock heating oil that the biodiesel industry uses to gauge costs and margins Monday fell to its lowest level in nearly four weeks as soybean oil futures approach six-year lows.
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.