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Singapore (Platts)--28 Sep 2016 309 am EDT/709 GMT
Oil product crack spreads in Singapore have steadily risen in September to multi-month highs amid seasonal turnarounds and volatility in crude prices ahead of a key meeting of oil producing nations in Algeria this week, S&P Global Platts data showed Wednesday.
Houston (Platts)--27 Sep 2016 621 pm EDT/2221 GMT
Venezuela's state-owned oil company PDVSA is facing cash flow problems as it struggles to pay for its imports of crude and oil products and its debt obligations balloon due to demurrage costs, Latin America traders and shipping sources said.
London (Platts)--27 Sep 2016 805 am EDT/1205 GMT
The UK's North Sea oil industry faces an uncertain future with just one new development project approved so far this year, even as output is likely to remain robust in the short term, lobby group Oil and Gas UK said in a report published Tuesday.
Singapore (Platts)--27 Sep 2016 130 am EDT/530 GMT
China's gasoline exports in August slid further to hit five-month lows, extending the downward trend that started in the previous month, as steady demand at home, a squeeze in local supplies and lower gasoline cracks discouraged refiners from shipping out plentiful cargoes.
Calgary (Platts)--26 Sep 2016 456 pm EDT/2056 GMT
Conventional oil production in Canada, which in already on the decline due to the current low prices and reduced drilling activities, will decrease to 1.47 million b/d by 2018 from 1.5 million b/d in 2015, an industry official said Monday.
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Natural Gas

Buenos Aires (Platts)--27 Sep 2016 616 pm EDT/2216 GMT
An Argentinian federal judge Tuesday suspended a 500% hike in natural gas tariffs on small and midsized businesses, a fresh setback for the government's efforts to spur investment to boost gas production.
London (Platts)--27 Sep 2016 809 am EDT/1209 GMT
European wholesale gas markets will in the future be more focused on short-term trading, Gazprom Export Deputy Head of Contract Structuring and Price Formation Directorate Valery Nemov said Tuesday at the 10th annual European Gas Summit organised by S&P Global Platts.
Bogota (Platts)--26 Sep 2016 423 pm EDT/2023 GMT
Colombia is moving forward with plans to build a second 400 MMcf/d LNG regasification plant to be located near its Pacific coast to assure adequate gas supplies, mining and energy minister German Arce has said.
London (Platts)--26 Sep 2016 942 am EDT/1342 GMT
Dutch and German spot gas prices rose Monday morning as unplanned outages occurred in two Norwegian assets amid corrective maintenance commencing at the Kollsnes asset with an extended duration.
Rio de Janeiro (Platts)--23 Sep 2016 1157 am EDT/1557 GMT
The board of Brazilian state-led oil company Petrobras has approved the sale of natural gas pipeline operator Nova Transportadora do Sudeste, or NTS, to a consortium led by Brookfield Asset Management for $5.19 billion, the company said Friday.
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Electric Power

Portland, Maine (Platts)--27 Sep 2016 619 pm EDT/2219 GMT
The US Federal Energy Regulatory Commission has approved a flexible ramping product is it hoped will help the California Independent System Operator handle growing amounts of variable renewable generation in its footprint and among participants in the energy imbalance market.
Washington (Platts)--26 Sep 2016 430 pm EDT/2030 GMT
Talen plans to shut its 1,330-MW Susquehanna-2 nuclear generating unit in Berwick, Pennsylvania, "within the next few weeks" to repair a turbine blade that has shown indications of cracking, the company said Monday.
London (Platts)--26 Sep 2016 944 am EDT/1344 GMT
UK day-ahead power contracts eased Monday as wind availability was forecast to increase sharply Tuesday alongside a moderate dip in power demand.
London (Platts)--23 Sep 2016 832 am EDT/1232 GMT
Available gas-fired generating capacity in the UK is expected to remain curtailed early October, despite ESB's Carrington CCGT plant coming online this week, with a decline seen in the coal plant availability, which sent front-month power prices higher.
Houston (Platts)--23 Sep 2016 559 am EDT/959 GMT
The run on Seasonal NOx allowances is over in the Cross-State Air Pollution Rule Market and prices have started to slip, brokers told S&P Global Platts on Thursday.
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Louisville, Kentucky (Platts)--27 Sep 2016 614 pm EDT/2214 GMT
Northern Indiana Public Service Co, which still is using "coal decrement pricing" to reduce its thermal coal inventory, has three coal supply contracts scheduled to end by the close of 2016, according to a regulatory filing.
Kiev (Platts)--27 Sep 2016 813 am EDT/1213 GMT
Coal reserves at Ukraine's power plants rose 5.3%, or 62,000 mt, to 1.221 million mt as of Monday from last Wednesday, transmission system operator UkrEnergo reported Tuesday.
New Delhi (Platts)--27 Sep 2016 754 am EDT/1154 GMT
The Indian government is working on a plan to completely stop thermal coal imports by state-run power utilities by next year, sources said Tuesday.
London (Platts)--26 Sep 2016 939 am EDT/1339 GMT
Profit margins for using coal-fired power plants to produce electricity for delivery in Germany next year have hit a 12-week high after last week's gas market rally outweighed continued gains for coal, with reduced nuclear availability forecasts also lifting power which is set to reach its highest monthly average this year, an analysis by S&P Global Platts showed.
Singapore (Platts)--26 Sep 2016 249 am EDT/649 GMT
The recent price rally in seaborne thermal coal prices may fizzle out in the near term as Chinese production is likely to increase due to a possible easing of policy, Citi analysts said Monday.
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Houston (Platts)--27 Sep 2016 620 pm EDT/2220 GMT
Availability of bunker fuel in San Francisco could tighten in the upcoming weeks, following the on-going planned turnaround at Chevron's Richmond, California refinery, market sources said Tuesday.
Amman (Platts)--27 Sep 2016 819 am EDT/1219 GMT
Iraq's State Oil Marketing Organization (SOMO) has made its first shipment in more than a year from the Turkish Mediterranean port of Ceyhan, finally implementing the latest deal between the federal government and semi-autonomous Kurdistan Regional Government (KRG) to boost exports.
Singapore (Platts)--27 Sep 2016 543 am EDT/943 GMT
Shipping companies are smelling an opportunity in the slump in prices and expanding their dry bulk fleet, particularly by grabbing second-hand tonnage despite lower earnings in the near-term.
London (Platts)--26 Sep 2016 947 am EDT/1347 GMT
The cost of sending crude oil cargoes from West Africa to the UK Continent has surged to the highest level in over eight months due to a sharp increase in Nigerian cargo flow in recent weeks and an accompanying rise in fixing in other regions.
Singapore (Platts)--26 Sep 2016 253 am EDT/653 GMT
Japanese shipping companies have completed term negotiations to lift bunker fuel from Singapore, with owners opting to split the six-month October-March term into two three-month cycles with different pricing, market participants said.
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Singapore (Platts)--28 Sep 2016 134 am EDT/534 GMT
Shell Chemicals faced an "operational upset" at one of its production units at the Singapore Pulau Bukom petrochemical complex Tuesday afternoon, a company spokesperson said Wednesday.
Houston (Platts)--27 Sep 2016 618 pm EDT/2218 GMT
ExxonMobil Chemical is expecting limited availability for some polyethylene film grades and is likely to experience delivery delays due to operational issues at its Beaumont, Texas, plant, the company said in a letter to customers that was obtained by S&P Global Platts.
London (Platts)--27 Sep 2016 825 am EDT/1225 GMT
Production ramp-ups at petrochemical plants in the second half of 2016 and early 2017 will weigh on margins, Germany-based Baader Bank said Monday.
London (Platts)--27 Sep 2016 759 am EDT/1159 GMT
Unusually tight fundamentals in the Japanese styrene market in 2016 are likely to ease in 2017, according to sources based in Japan.
Houston (Platts)--26 Sep 2016 427 pm EDT/2027 GMT
Brazil's Braskem plans to increase prices for all polyethylene and polypropylene grades sold in Argentina by $110/mt and $80/mt, respectively, this week, a source with knowledge of business operations said Monday.
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Louisville, Kentucky (Platts)--27 Sep 2016 623 pm EDT/2223 GMT
Horsehead Holding Corp posted a $6 million loss in August, stretching its cumulative losses to $81 million since the Pittsburgh-based zinc recycler filed for bankruptcy February 2, according to a new court filing.
Pittsburgh (Platts)--27 Sep 2016 622 pm EDT/2222 GMT
Traders in the US sheet steel market have been canceling orders of Vietnamese cold-rolled and galvanized sheet, creating more uncertainty in a market that has been seeing weekly price erosion since late August.
Tokyo (Platts)--27 Sep 2016 426 am EDT/826 GMT
Japanese diecast aluminum alloy prices were capped despite the strong yen encouraging imports, because of excess domestic supply, market sources said Tuesday.
London (Platts)--26 Sep 2016 435 pm EDT/2035 GMT
Teck Resources has submitted the Social and Environmental Impact Assessment for its Quebrada Blanca Phase 2 copper mine project in northern Chile to the Region of Tarapaca Environmental Authority, the Canadian miner said Monday.
Sao Paulo (Platts)--26 Sep 2016 433 pm EDT/2033 GMT
Venezuelan steelmaker Complejo Siderurgico Nacional is expected to receive around 1 million mt of ferrous scrap in coming months as part of the National Scrap Plan to produce rebar, basic industries minister Juan Arias has said.
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Houston (Platts)--27 Sep 2016 616 pm EDT/2216 GMT
S&P Global Platts assessed Chicago Argo ethanol at $1.6195/gal Tuesday, as a lack of readily available product in the prompt market drove prices 8.4 cents/gal higher over the past five trading days and 2.45 cents/gal higher on the day.
Houston (Platts)--26 Sep 2016 426 pm EDT/2026 GMT
Green Plains Monday completed its $237 million purchase of three ethanol plants from Abengoa Bioenergy, the company said.
Singapore (Platts)--26 Sep 2016 250 am EDT/650 GMT
India has reduced the import tax on wheat to 10%, from 25%, until end-February 2017, according to an official notice released by the Central Board of Excise and Customs on September 23.
Houston (Platts)--24 Sep 2016 1232 pm EDT/1632 GMT
S&P Global Platts assessed Chicago Rule 11 ethanol 3.25 cents lower that Chicago Argo Friday as trading activity slowed after the gap had narrowed to as low as 25 points last week.
Santos, Brazil (Platts)--23 Sep 2016 1158 am EDT/1558 GMT
Hydrous fuel ethanol demand in Brazil was 1.35 billion liters in August, up 3% from July, but down 14% on year, data from the National Petroleum Agency (ANP) showed late Thursday.
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