Skip Navigation LinksHome|News & Analysis|Latest News Headlines

Latest News Headlines

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


Houston (Platts)--2 Mar 2015 1254 pm EST/1754 GMT
A record cold spell in the Northeastern US has pushed differentials lower in the US and European jet markets as a steep backwardation has developed on both the NYMEX ULSD and ICE gasoil futures markets.
Singapore (Platts)--2 Mar 2015 959 am EST/1459 GMT
Russia is set to export 23 ESPO blend crude cargoes in April from the Siberian port of Kozmino, according to a program seen by Platts on Monday.
Singapore (Platts)--2 Mar 2015 835 am EST/1335 GMT
Saudi Arabia is widely expected to raise its official selling price for crude oil loading in April for Asian buyers in line with a stronger Dubai market structure as improving margins for refiners underpin spot differentials, traders said Monday.
Lagos (Platts)--2 Mar 2015 519 am EST/1019 GMT
A fresh round of gasoline shortages has hit Nigeria as fuel importers drastically cut imports following the government's delay in settle over Naira 264 billion ($1.41 billion) on debts owed on subsidies for previous imports.
Houston (Platts)--27 Feb 2015 332 pm EST/2032 GMT
US residual fuel oil demand in 2014 was a record low 257,000 b/d, down by half from 2009 and further evidence the product's utility is waning, Energy Information Administration data showed Friday.
Previous News

Natural Gas

London (Platts)--2 Mar 2015 1014 am EST/1514 GMT
Prompt and front-month gas prices posted some losses on a relatively well supplied system in continental Europe in the first session of the week, tracking plunging UK NBP prices equivalent.
Singapore (Platts)--2 Mar 2015 839 am EST/1339 GMT
China is taking advantage of lower oil prices to merge the two tiers of oil-linked natural gas prices it sets at the city-gate level for non-residential users, and has also reduced overall prices.
Singapore (Platts)--27 Feb 2015 804 am EST/1304 GMT
The Platts JKM for April delivery ended the Asian trading week at $7.40/MMBtu Friday, up 67.5 cents from last Wednesday, as bids and offers rallied, buoyed by strong European onshore gas prices, rising crude futures and a limited number of cargoes available for April delivery.
London (Platts)--27 Feb 2015 517 am EST/1017 GMT
The implementation in Italy of the European gas balancing network code might lead to the elimination of the g-1 gas balancing segment, as well as other major changes to how the system works, although the practicalities remain unclear, vice-chair of the European Federation of Energy Traders-Italy Ilaria Conti told Platts in an interview Wednesday.
Houston (Platts)--26 Feb 2015 317 pm EST/2017 GMT
NYMEX April natural gas futures settled 16.5 cents lower at $2.697/MMBtu Thursday on a bearish gas storage report from the US Energy Information Administration.
Previous News

Electric Power

London (Platts)--2 Mar 2015 847 am EST/1347 GMT
German day-ahead power prices remained below Eur30/MWh Monday as strong wind power output boosted supply with wind levels forecast to average just below 20 GW on Tuesday, according to sources.
Louisville, Kentucky (Platts)--27 Feb 2015 542 pm EST/2242 GMT
Duke Energy expects US coal markets to be "relatively stable" in the near term while increased volatility could be in store in the longer term as producers continue to match output with demand, an official said.
London (Platts)--27 Feb 2015 843 am EST/1343 GMT
French baseload for Monday delivery weakened on Friday as the market revised its view on the week-ahead, with prices trending lower despite cold weather forecast for March, sources said.
Houston (Platts)--26 Feb 2015 316 pm EST/2016 GMT
The PJM Interconnection issued a cold weather advisory for Friday, with frigid temperatures expected to impact the western region.
London (Platts)--26 Feb 2015 756 am EST/1256 GMT
UK prompt baseload power prices found support Thursday from lower than expected wind generation and stronger UK gas prices.
Previous News


London (Platts)--2 Mar 2015 836 am EST/1336 GMT
Turkey's bituminous thermal coal imports in January rose 10.5% year on year to 2.299 million mt, data from the Turkish Statistical Institute showed Monday.
Houston (Platts)--27 Feb 2015 329 pm EST/2029 GMT
Westmoreland Coal will limit production from its less-profitable Ohio mines obtained at the start of the year, while still planning to boost overall sales to 56 million st-60 million st, CEO Keith Alessi said Friday.
New Delhi (Platts)--27 Feb 2015 641 am EST/1141 GMT
Indian coal imports are set to rise even though domestic production is increasing, according to the pre-budget Economic Survey 2014-15, which was presented to parliament Friday by Finance Minister Arun Jaitley.
Houston (Platts)--26 Feb 2015 700 pm EST/000 GMT
Weekly US coal production totaled an estimated 16.5 million st in the week ended February 21, down 14% from the prior week and down 13.3% from the year-ago week, the US Energy Information Administration said Thursday.
New Delhi (Platts)--26 Feb 2015 655 am EST/1155 GMT
Higher offer prices for imported fuel grade petcoke were heard in the Indian market with rising freight rates this week, even as deals were limited as Indian buyers scouted for bargains, sources said this week.
Previous News


Houston (Platts)--2 Mar 2015 912 am EST/1412 GMT
The Houston Ship Channel remained closed to all traffic due to heavy fog for the second straight day Monday, a Houston Pilots dispatcher said.
London (Platts)--27 Feb 2015 630 am EST/1130 GMT
Oslo-listed dry bulk shipper Jinhui Shipping said Friday that the tough market that owners faced last year will become tougher still in 2015.
Singapore (Platts)--27 Feb 2015 451 am EST/951 GMT
The number of piracy and armed robbery cases against ships in Asia increased 22% year on year to hit a 10-year of 183 last year, anti-piracy watchdog ReCAAP said in its annual report released earlier this week.
Houston (Platts)--26 Feb 2015 706 pm EST/006 GMT
An ongoing labor strike and an explosion at a major California facility may compel US West Coast refiners to seek a Jones Act waiver from the Obama administration, arguing that the region could soon face gasoline shortages, sources said this week.
Houston (Platts)--25 Feb 2015 304 pm EST/2004 GMT
American maritime transportation company TOTE has ordered an LNG-fueled bunker barge that will serve Tacoma, Washington, before being deployed to northeast Florida, part of a broader shift to increase LNG's appeal to the maritime sector, the barge manufacturer said Wednesday.
Previous News


Houston (Platts)--2 Mar 2015 1255 pm EST/1755 GMT
Recent gains in US benzene spot pricing has kept US March contract settlements from happening yet, sources said Monday. US benzene contracts typically settle during the last day of the preceding month.
London (Platts)--2 Mar 2015 848 am EST/1348 GMT
European ethyl-benzene styrene monomer production costs have risen Eur44/mt in March, the first rise in 2015 following the settlement of the benzene and ethylene contracts last week.
London (Platts)--27 Feb 2015 330 pm EST/2030 GMT
The open toluene arbitrage from Europe to the US has yet to attract interest from traders, market sources said Friday.
London (Platts)--27 Feb 2015 934 am EST/1434 GMT
European 1502 emulsion styrene butadiene rubber prices for March delivery have risen in anticipation of higher feedstock costs, sources said this week.
Buenos Aires (Platts)--27 Feb 2015 844 am EST/1344 GMT
Argentina's polymer and synthetic rubber output in January rose 2.3% year on year, state statistics office Indec said.
Previous News


Sao Paulo (Platts)--2 Mar 2015 1255 pm EST/1755 GMT
Northern Brazil merchant pig iron export prices to the US have decreased for March transactions due to poor demand, falling raw material prices and an absence of deals, sources said Monday.
London (Platts)--2 Mar 2015 842 am EST/1342 GMT
The London Metal Exchange published a discussion paper Monday aimed at providing further reforms relating to its warehousing policy and physical delivery network.
Tokyo (Platts)--2 Mar 2015 841 am EST/1341 GMT
Prices of domestic aluminum ingot in Japan were facing downward pressure as sellers tried to clear stocks ahead of the end of the Japanese financial year on March 31, market sources said Monday.
Singapore (Platts)--2 Mar 2015 600 am EST/1100 GMT
India has hiked its customs tax on metallurgical coke to 5% from 2.5% starting April 1 this year, a move that could help domestic coke producers cope with heavy competition from cheaper Chinese imports.
Sao Paulo (Platts)--27 Feb 2015 433 pm EST/2133 GMT
A series of blockades by a transport workers' group over the past five months at ArcelorMittal's Mexican unit at Lazaro Cardenas have cost the company 90,000 mt in lost finished steel production and Peso 300 million ($20 million), the steelmaker's CEO told local media.
Previous News


Houston (Platts)--27 Feb 2015 423 pm EST/2123 GMT
The estimated production margin for a typical US Midwest dry-mill ethanol plant for the week ended Friday moved down 1.04 cents to 36.57 cents/gal, data from the US Department of Agriculture and Platts showed.
London (Platts)--27 Feb 2015 937 am EST/1437 GMT
The front-month Paris corn contract fell to Eur148.75/mt ($167/mt) Thursday, down Eur0.25/mt day on day to the lowest level since November 19, Platts data showed, amid a bearish outlook for world grains prices.
Singapore (Platts)--27 Feb 2015 640 am EST/1140 GMT
The Philippines could launch a study as early as March into the impact on coconut farmers of raising the blending of biodiesel in diesel to 5%, which is widely seen as a final step before implementing the hike, trade sources said Friday.
Houston (Platts)--26 Feb 2015 716 pm EST/016 GMT
Weekly net export sales of US corn for the reporting week ended February 19 fell for a third straight week to an eight-week low, US Department of Agriculture data showed Thursday.
Washington (Platts)--26 Feb 2015 703 pm EST/003 GMT
US ethanol industry officials on Thursday downplayed the chances that a bill to eliminate the corn ethanol mandate within the Renewable Fuel Standard would become law, but warned that Congress' consideration of the bill could jeopardize investments in next-generation biofuels.
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.