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Houston (Platts)--19 Dec 2014 501 pm EST/2201 GMT
Colonial Pipeline space strengthened Friday on a more attractive arbitrage to ship CBOB to the East Coast.
Moscow (Platts)--19 Dec 2014 631 am EST/1131 GMT
Russia may revoke the so called tax maneuver, which from 2015 cuts oil export duties but increases the mineral extraction tax, if as a result gasoline prices soar, chairman of the lower house of parliament, the State Duma's, energy committee, Ivan Grachev, said Friday.
Dubai (Platts)--19 Dec 2014 624 am EST/1124 GMT
A decade of Asian strategy aimed at strengthening the bargaining power of the region's big oil importers is now helping Persian Gulf exporters preserve market share amid rising competition from rival international suppliers.
Washington (Platts)--18 Dec 2014 523 pm EST/2223 GMT
Abigail Ross Hopper, director of the Maryland Energy Administration, has been named director of the US Bureau of Ocean Energy Management, Interior Secretary Sally Jewell said in a statement Thursday.
Washington (Platts)--18 Dec 2014 109 pm EST/1809 GMT
By March, Shell is expected to announce if it will go forward with plans to drill for oil in Arctic waters offshore Alaska in 2015, a decision which may have more to do with the outcome of court cases and US government reviews than global market fundamentals, sources said this week.
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Natural Gas

Houston (Platts)--19 Dec 2014 406 pm EST/2106 GMT
The NYMEX January natural gas futures contract fell 17.8 cents to settle Friday at $3.464/MMBtu on moderate weather forecasts and gas stocks that are above year-ago levels.
London (Platts)--19 Dec 2014 754 am EST/1254 GMT
UK petrochemicals company Ineos hopes that it could start commercial shale gas production as early as 2017/19, according to documents released by the UK government Friday.
Singapore (Platts)--19 Dec 2014 548 am EST/1048 GMT
The Platts LNG Japan Korea Marker for February closed at $10.075/MMBtu Friday, down 10 cents from Tuesday, when the JKM rolled and February became the new prompt month, with buyers in North Asia reporting high storage levels and weak demand for spot cargoes in January and February.
Washington (Platts)--18 Dec 2014 427 pm EST/2127 GMT
Transcontinental Gas Pipe Line has received the go-ahead from the Federal Energy Regulatory Commission to build its Leidy Southeast project to ship an additional 525,000 Dt/d of gas from Pennsylvania to Alabama, the commission said in an order released Thursday.
Moscow (Platts)--18 Dec 2014 653 am EST/1153 GMT
A landmark contract signed earlier this year that will see Russian gas supplied to China is profitable because of incentives provided by the governments of both countries, Russian President Vladimir Putin said Thursday, dismissing concerns over its economic viability.
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Electric Power

London (Platts)--19 Dec 2014 752 am EST/1252 GMT
A poll by ComRes of 2,047 UK adults between November 7 and November 9 found that 58% supported the use of nuclear power in the UK generation mix, according to a statement Friday by New Nuclear Watch Europe, a lobby group for new nuclear construction.
Louisville, Kentucky (Platts)--18 Dec 2014 435 pm EST/2135 GMT
Rail shipments of sub-bituminous coal to Otter Tail Power's 475-MW Big Stone power plant in South Dakota are improving now that BNSF Railway has resumed a third train for deliveries, an Otter Tail spokeswoman said Thursday.
Washington (Platts)--18 Dec 2014 426 pm EST/2126 GMT
The US Federal Energy Regulatory Commission is asking a trading fund and others to respond to allegations that they manipulated PJM Interconnection energy markets and explain why they should not be required to pay close to $30 million in civil penalties.
Philadelphia (Platts)--18 Dec 2014 309 pm EST/2009 GMT
The Florida Public Service Commission on Thursday approved electric utility Florida Power & Light's plan to invest in Oklahoma natural gas wells in an effort to reduce its fuel cost volatility.
London (Platts)--18 Dec 2014 730 am EST/1230 GMT
Trading conditions in the UK wholesale electricity market have improved since the launch of liquidity reforms under "Secure and Promote" proposals earlier this year, UK energy regulator Ofgem said Thursday.
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Houston (Platts)--19 Dec 2014 253 pm EST/1953 GMT
Continued problems in Venezuela along with other bearish global sentiment weighed on spot petroleum coke prices through Friday.
London (Platts)--19 Dec 2014 922 am EST/1422 GMT
Combined stocks of thermal coal at 100 Indian power plants were 20.6% lower on the year Wednesday at 12.6 million mt, enough supply for eight days of coal burn, according to data released by India's Central Electricity Authority Friday.
Houston (Platts)--18 Dec 2014 251 pm EST/1951 GMT
US railroads originated 119,710 coal carloads during the week ended December 13, up 7.8% from the corresponding week a year ago, the Association of American Railroads said Thursday.
Houston (Platts)--18 Dec 2014 423 am EST/923 GMT
Dropping Chinese demand for imported thermal coal will likely have the biggest impact on US producers who sell into markets across the Atlantic, global research firm Wood Mackenzie said Wednesday, December 17.
Jakarta (Platts)--17 Dec 2014 111 am EST/611 GMT
The Indonesian government expects to produce 460 million mt of coal in 2015, up from 421 million mt targeted this year.
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London (Platts)--19 Dec 2014 250 pm EST/1950 GMT
Mineral and grain demand in the Atlantic shipping market was weak Friday with charterers putting pressure on rates as owners work to get vessels covered into January, shipping sources said.
London (Platts)--18 Dec 2014 813 am EST/1313 GMT
The availability of low sulfur bunker fuel is expected to improve in northwest Europe by the end of this week with BP and Totsa resuming loadings in Rotterdam and Antwerp, traders said Thursday.
Houston (Platts)--17 Dec 2014 348 pm EST/2048 GMT
Brazilian imports of liquefied natural gas surged to 715,425 cubic meters during the first half of December, up nearly 136% from 303,500 cu m imported during the same period last year, data from Platts unit Bentek Energy showed Wednesday.
Brussels (Platts)--17 Dec 2014 700 am EST/1200 GMT
EU environment ministers Wednesday confirmed an informal agreement reached with the European Parliament last month on new rules for monitoring, reporting and verifying carbon dioxide emissions from international maritime shipping.
Singapore (Platts)--17 Dec 2014 659 am EST/1159 GMT
Bunkering activities in South Korea's western ports of Incheon and Daesan came to a halt Wednesday morning due to poor weather conditions, particularly strong winds, traders said Wednesday.
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Houston (Platts)--19 Dec 2014 458 pm EST/2158 GMT
OCI Beaumont has restarted its Texas methanol unit after it was shut because of a mechanical issue earlier this week, the company said Friday.
London (Platts)--19 Dec 2014 633 am EST/1133 GMT
The EU's net imports of benzene in October grew by 43% on the year to 53,012 mt, following a 26% increase in imports and a 28% drop in exports, the latest Eurostat data showed this week.
Washington (Platts)--18 Dec 2014 522 pm EST/2222 GMT
A bill created in the aftermath of last winter's propane supply shortage was signed into law by President Barack Obama Thursday.
London (Platts)--18 Dec 2014 807 am EST/1307 GMT
European, polyethylene, polypropylene and polyvinyl chloride prices fell as buying slowed with the seasonal lull and expected January decrease in feedstock ethylene and propylene, sources said.
Singapore (Platts)--18 Dec 2014 138 am EST/638 GMT
Asian paraxylene prices fell to the lowest level in nearly six years at $809/mt CFR Taiwan/China on Wednesday, December 17, under the pressure of lower crude oil and downstream prices, Platts data shows.
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Pittsburgh (Platts)--19 Dec 2014 456 pm EST/2156 GMT
The higher prices being paid by mills making mid-month scrap buys this week are likely to remain when January buy-week negotiations begin after the New Year holiday, market sources said.
Tokyo (Platts)--19 Dec 2014 604 am EST/1104 GMT
Japanese aluminum buyers and producers moved closer in the negotiations on first-quarter premiums, as some producers made second offers, sources involved in the talks said Friday.
Singapore (Platts)--19 Dec 2014 604 am EST/1104 GMT
Glencore-Merafe Chrome Venture and European stainless steelmakers have settled the term price for January-March 2015 ferrochrome sales at 108 cents/lb, down 6% from the Q4 2014 price of 115 cents/lb, Merafe Resources said Friday.
Singapore (Platts)--19 Dec 2014 603 am EST/1103 GMT
Ferrous scrap prices fell in eastern China this week, as steelmakers lowered buying prices on weaker long steel products and iron ore prices.
Pittsburgh (Platts)--18 Dec 2014 648 pm EST/2348 GMT
The World Trade Organization Appellate Body issued a report Thursday that raised concerns about how the US handled 17 countervailing duty investigations against China between 2007 and 2012, and experts believe the ruling could ultimately weaken US trade laws.
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Houston (Platts)--19 Dec 2014 459 pm EST/2159 GMT
The estimated production margin for a typical US Midwest dry-mill ethanol plant for the week that ended Friday fell 27.18 cents, or 31.75%, to 58.43 cents/gal, a nine-week low, a review of US Department of Agriculture and Platts data showed.
London (Platts)--19 Dec 2014 751 am EST/1251 GMT
The Platts T2 ethanol price moved up Eur21/cu m Thursday to Eur478/cu m, the highest level since October 28 as grains strengthened, resulting in strong buying interest in the ethanol market.
Houston (Platts)--18 Dec 2014 115 pm EST/1815 GMT
US soybean oil net exports last week bounced back from two consecutive drops, more than doubling, US Department of Agriculture data showed Thursday.
Houston (Platts)--17 Dec 2014 1210 pm EST/1710 GMT
Ethanol RINs generated in November fell by 12.5 million RINs, down 1.73%, to 1.15 billion RINs, US Environmental Protection Agency data showed Wednesday.
Washington (Platts)--16 Dec 2014 400 pm EST/2100 GMT
A coalition of Renewable Fuel Standard stakeholders -- from biofuel producers to oil companies to fuel purchasers to environmental groups -- has developed a package of 40 potential reforms to the mandate that it hopes will win support in the new Congress.
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