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Washington (Platts)--15 Apr 2014 128 pm EDT/1728 GMT
The Obama administration said on Tuesday it will put more than 21 million acres in the western Gulf of Mexico up for auction in a lease sale planned for August.
London (Platts)--15 Apr 2014 748 am EDT/1148 GMT
The European fuel oil complex saw crack spreads soften Monday amid a wider strengthening in crude prices, as well as a lack of high sulfur fuel oil arbitrage to Asia and a cooling of low sulfur fuel oil buying interest in Northwest Europe, sources said.
Singapore (Platts)--15 Apr 2014 613 am EDT/1013 GMT
The timespread for 500 ppm gasoil swaps in Singapore widened to a four-month high of 83 cents/barrel for May/June Monday, reflecting a tighter market during the regional refinery maintenance season, a narrowing East/West spread and expectations for higher demand during Ramadan and summer, sources said Tuesday.
Quito (Platts)--14 Apr 2014 545 pm EDT/2145 GMT
Yasunidos, an environmental organization, is preparing efforts to follow through on its drive to force a referendum on development of Ishpingo-Tambochoca-Tiputini (ITT), Ecuador's biggest untapped conventional oil field, a spokesman said Monday.
Calgary (Platts)--14 Apr 2014 339 pm EDT/1939 GMT
Canada's total crude oil output is expected to reach 3.9 million b/d in 2015, some 500,000 b/d more than the current output, driven primarily by small in-situ oil sands developments, each typically 35,000-40,000 b/d, an industry official said Monday.
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Natural Gas

Atlanta (Platts)--15 Apr 2014 127 pm EDT/1727 GMT
Natural gas price volatility seen in the US this past winter resulted from more reliance on gas than ever before because of prolific supply, while not taking into account a lack of infrastructure to get that supply to markets, an industry panel said at the LDC Gas Forum-Southeast in Atlanta.
London (Platts)--15 Apr 2014 926 am EDT/1326 GMT
RWE is the first European supplier to start gas deliveries to Ukraine in 2014, the German energy company said Tuesday.
Tokyo (Platts)--15 Apr 2014 717 am EDT/1117 GMT
Osaka Gas, Japan's second-largest city gas utility, intends to make the best "strategic" use of LNG from the US Freeport LNG export project, including possibly trading put or call options internationally, with a goal of maximizing supply flexibility, a senior company official said Tuesday.
Washington (Platts)--14 Apr 2014 543 pm EDT/2143 GMT
Natural gas production from the Marcellus Shale in May is expected to rise 253,000 Mcf/d above April levels and move closer to the 15 Bcf/d mark, the US Energy Information Administration said Monday in its monthly report on drilling productivity.
Houston (Platts)--14 Apr 2014 242 pm EDT/1842 GMT
Kinder Morgan Energy Partners announced Monday all of its firm transportation capacity on its Tennessee Gas Pipeline Broad Run projects, which would move gas from West Virginia and Kentucky southward, had been taken up by Marcellus and Utica shale producer Antero Resources.
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Electric Power

Washington (Platts)--15 Apr 2014 109 pm EDT/1709 GMT
In a big defeat for US coal-fired electricity generators, a federal appeals court on Tuesday upheld a major Obama administration air-quality regulation that -- along with cheap natural gas prices -- has prompted power companies to retire thousands of megawatts of coal-fired generating capacity in the last few years.
London (Platts)--15 Apr 2014 929 am EDT/1329 GMT
German day-ahead baseload power prices rose 28% Tuesday as wind power output was forecast to plunge further from Monday's near-record levels, while a strong solar power forecast saw peakload spot prices settle below baseload on the exchange.
Washington (Platts)--14 Apr 2014 533 pm EDT/2133 GMT
The US Nuclear Regulatory Commission has begun a special inspection at Global Nuclear Fuel-America's fuel fabrication facility in Wilmington, North Carolina, "to review the circumstances surrounding the discovery in late March that some safety equipment was unavailable or unreliable," NRC said Monday in a statement.
London (Platts)--14 Apr 2014 745 am EDT/1145 GMT
Prompt power prices traded up around 4% from Friday's lows Monday morning as strong wind power generation is set to plummet amid stronger nuclear output, while NBP gas prices rise to add further support, market sources said.
Boston (Platts)--11 Apr 2014 421 pm EDT/2021 GMT
Duke Energy Florida can proceed with its plan to make emission-control enhancements to its Crystal River-1 and -2 coal units and keep them running through mid-2018 rather than retire the units in April 2016, the Florida Public Service Commission said in a decision posted Friday.
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Louisville, Kentucky (Platts)--15 Apr 2014 632 pm EDT/2232 GMT
With record ice levels on the Great Lakes still affecting barge shipping, We Energies last week was forced to haul coal by truck from Marquette, Michigan, to the utility's 431-MW Presque Isle coal-fired power plant in the state's Upper Peninsula, a utility spokesman said Tuesday.
Singapore (Platts)--15 Apr 2014 718 am EDT/1118 GMT
Chinese inquiries for imported thermal coal have picked up amid stabilizing domestic prices and lower freight rates, but a wide bid-offer spread continues to deter spot deals, sources said Tuesday.
London (Platts)--15 Apr 2014 646 am EDT/1046 GMT
The long-term outlook for European thermal coal market pricing remains constrained due to both structural and cyclical factors, analysts at Standard Bank said in a quarterly research note published late Monday.
Huaihua, Hunan (Platts)--15 Apr 2014 619 am EDT/1019 GMT
Coal stocks at China's four major Bohai Sea ports totaled 16.359 million mt Sunday, down 654,000 mt or 3.8% week on week, Qinhuangdao Port said Tuesday.
Washington (Platts)--14 Apr 2014 542 pm EDT/2142 GMT
Central Appalachian and Powder River Basin 8,800-Btu/lb spot thermal coal prices closed higher on Monday, to their highest levels since the May contract rolled into the front month position on March 26.
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Houston (Platts)--15 Apr 2014 630 pm EDT/2230 GMT
The US fuel oil up-down flipped to negative territory Tuesday for the first time in three months, which could see more cargoes of high sulfur fuel oil coming to the Gulf Coast, sources said.
London (Platts)--15 Apr 2014 930 am EDT/1330 GMT
Gibraltar high sulfur 380 CST bunker fuel prices fell to a $6/mt premium to the same fuel in the bunkering hub of Rotterdam on Monday, the lowest differential in four months.
Anchorage (Platts)--14 Apr 2014 248 pm EDT/1848 GMT
ConocoPhillips will restart its mothballed liquefied natural gas plant near Kenai, Alaska, and will resume LNG shipment in May, a company spokeswoman said Monday.
Singapore (Platts)--14 Apr 2014 546 am EDT/946 GMT
A rise in bunker fuel supply in South Korea narrowed the 380 CST bunker fuel premium over Mean of Platts Singapore 380 CST high sulfur fuel oil assessment to a seven-month low of $20.79/mt last Friday.
London (Platts)--11 Apr 2014 320 pm EDT/1920 GMT
Medium range clean tanker rates on the US Gulf Coast to the trans-Atlantic route, basis 37,000 mt, fell to a two-and-a-half-week low Friday amid ample tonnage and a lack of demand for cargoes, shipping sources said.
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Houston (Platts)--15 Apr 2014 1205 pm EDT/1605 GMT
US April propylene contract prices settled 1 cent/lb ($22/mt) lower than March's contract prices, sources said Tuesday.
London (Platts)--15 Apr 2014 720 am EDT/1120 GMT
An initial Northwest European paraxylene contract price for April has settled at Eur925/mt FD NWE ($1,277.62/mt), market sources said Tuesday.
Houston (Platts)--14 Apr 2014 535 pm EDT/2135 GMT
The FOB US Gulf methanol spot assessment fell to a seven-month low of $1.42/gal ($472.86/mt) Monday as imports reached US shores and spot buyers were difficult to find in the US market, sources said.
Singapore (Platts)--14 Apr 2014 1106 am EDT/1506 GMT
Seepage of residual oil previously leaked from PetroChina Lanzhou Petrochemical Co.'s 10.5 million mt/year (210,000 b/d) integrated refinery and petrochemical complex into the water source for water works was behind the unusually high benzene level in tap water in China's Lanzhou city, local media reported Monday.
Houston (Platts)--11 Apr 2014 627 pm EDT/2227 GMT
Chevron Phillips Chemical is restarting two polyethylene units at its Cedar Bayou Plant in Texas, according to company filings with the Texas Commission on Environmental Quality made available Friday.
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Pittsburgh (Platts)--15 Apr 2014 504 pm EDT/2104 GMT
US service center inventories of steel products contracted in March, while Canadian steel inventories rose to their highest level since June 2013, according to Metals Service Center Institute data published Tuesday.
Sao Paulo (Platts)--15 Apr 2014 421 pm EDT/2021 GMT
Vale has secured a Real 6.2 billion ($2.7 billion) financing contract from Brazil's development bank BNDES to implement its massive Carajas iron ore project, the company said Tuesday.
London (Platts)--15 Apr 2014 620 am EDT/1020 GMT
Russian aluminium producer Rusal said Tuesday it will start trial production of red mud-based flux additives at its Urals aluminium smelter (UAZ) from its new red mud recycling process.
London (Platts)--15 Apr 2014 621 am EDT/1021 GMT
Russian miner and steelmaker Severstal said Tuesday sales of coking coal from its US unit more than halved to 198,779 mt in the first quarter of 2014 on low exports, while output from mines in northwest Russia also contracted.
London (Platts)--15 Apr 2014 617 am EDT/1017 GMT
The Chinese private sector's annual gold demand is set to increase 25% from the current level of around 1,100 mt to at least 1,350 mt by 2017, the World Gold Council said Tuesday in the 'China's gold market: progress and prospects' report.
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Houston (Platts)--15 Apr 2014 418 pm EDT/2018 GMT
Most US ethanol prices slid Tuesday to their lowest levels in more than four weeks as stalling buying interest combined with firming supplies, sources said.
Rio de Janeiro (Platts)--15 Apr 2014 1208 pm EDT/1608 GMT
Ethanol output in Brazil's key center-south region was 167.854 million liters (44.342 million gallons) in the second half of March, up 665% from the first half of the month, according to data released Tuesday by trade group Unica.
Singapore (Platts)--15 Apr 2014 624 am EDT/1024 GMT
Malaysia's export tax on crude palm oil will remain at 5.5% for May, unchanged from April, the Malaysia Palm Oil Board's website showed Tuesday.
Houston (Platts)--14 Apr 2014 535 pm EDT/2135 GMT
Ethanol RINs generated by the US Environmental Protection Agency in March rose 111.2 million RINs, or 10.6%, to 1.16 billion RINs, EPA data showed Monday.
London (Platts)--14 Apr 2014 905 am EDT/1305 GMT
Biofuels are "a low hanging fruit in the fight against climate change and must be supported through long-term and ambitious decarbonization policies for transport," ePure, a lobby group of European fuel-ethanol producers said Monday.
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