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New York (Platts)--31 Jul 2015 329 pm EDT/1929 GMT
Hess raised its 2015 production forecast for prolific Bakken shale oil formation in North Dakota to 105,000-110,000 boe/d as more efficient well completions counter a lower rig count, CEO John Hess said Wednesday.
London (Platts)--31 Jul 2015 726 am EDT/1126 GMT
Refined products stocks in the Amsterdam-Rotterdam-Antwerp area rose 1.86 million barrels to 46.77 million barrels in the week to Thursday, according to BNP Paribas' weekly report released Friday, with all products registering a stock build.
Singapore (Platts)--31 Jul 2015 708 am EDT/1108 GMT
Prices of imported and domestically produced LPG were stable in South and East China this week, despite Saudi Aramco cutting its August contract prices by $30/mt, local trader sources said Friday.
Washington (Platts)--30 Jul 2015 511 pm EDT/2111 GMT
The US Senate Energy and Natural Resources Committee passed Thursday, in a 12-10 vote, a bill to repeal long-standing limits on US crude exports, setting up a possible full Senate vote on the export policy this fall.
London (Platts)--30 Jul 2015 826 am EDT/1226 GMT
CIF Mediterranean diesel cargo premiums climbed to a near two-month high Wednesday on what traders described as an apparent tightness.
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Natural Gas

Houston (Platts)--31 Jul 2015 430 pm EDT/2030 GMT
Canada must develop its capability to export large volumes of liquefied natural gas from its Pacific Coast if it hopes to offset the recent precipitous drop-off in production in its western gas fields, a Canadian Association of Petroleum Producers analyst said this week.
Moscow (Platts)--31 Jul 2015 906 am EDT/1306 GMT
Russia and Algeria Friday agreed to expand cooperation in the energy sector.
Tokyo (Platts)--31 Jul 2015 728 am EDT/1128 GMT
The Japan OTC Exchange said Friday that an LNG non-deliverable forward contract for September delivery was traded, the first transaction ever made since the trading platform was set up in September last year.
Tokyo (Platts)--31 Jul 2015 709 am EDT/1109 GMT
Japan's Kyushu Electric consumed 960,000 mt of LNG in the April-June quarter, down 15.8% year on year, partly due to weak demand and increased supply from hydro power, the utility said Friday.
Houston (Platts)--30 Jul 2015 427 pm EDT/2027 GMT
The NYMEX September natural gas futures contract, which debuted Thursday as the front-month contract, settled Thursday at $2.768/MMBtu, down 9.6 cents despite a bullish storage report.
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Electric Power

Houston (Platts)--31 Jul 2015 1208 pm EDT/1608 GMT
The Electric Reliability Council of Texas set a new July peak demand record of 67,624 MW Thursday, the fourth such record in as many days, according to the grid operator.
London (Platts)--31 Jul 2015 831 am EDT/1231 GMT
Turkey's imports of non-calcined petroleum coke in the first half of 2015 gained 3% year on year to 1.989 million mt, according to data from the Turkish Statistical Institute published Friday.
London (Platts)--31 Jul 2015 752 am EDT/1152 GMT
Prices for baseload and peakload power for Monday delivery slumped to a one-month low Friday on increased electricity generation from wind and weakening power demand, sources said.
Houston (Platts)--30 Jul 2015 216 pm EDT/1816 GMT
The Electric Reliability Council of Texas is asking electric consumers to limit or reduce electric use from 3-7 pm CDT Thursday with demand projections as high as 68,550 MW, which would set a record.
London (Platts)--30 Jul 2015 805 am EDT/1205 GMT
Europe's offshore wind industry installed more new capacity in the first six months of 2015 than in any other year on record as several projects reached completion and deployment of larger turbines increased, European wind lobby group EWEA said Thursday.
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London (Platts)--31 Jul 2015 836 am EDT/1236 GMT
Turkey's imports of bituminous thermal coal in the first half of 2015 surged 29% year on year to 12.931 million mt, according to data from the Turkish Statistical Institute published Friday.
London (Platts)--30 Jul 2015 428 pm EDT/2028 GMT
US miner Arch Coal saw a higher percentage of metallurgical coal in its Appalachian sales over the second quarter lifting average prices, while costs for the region increased due to longwall moves at two operations.
London (Platts)--30 Jul 2015 803 am EDT/1203 GMT
The UK's thermal coal consumption in May slumped to 1.88 million mt, down 27% on the year and the lowest for the time of year since records started in 1995, according to data by the Department of Energy and Climate Change Thursday.
Hanoi (Platts)--30 Jul 2015 426 am EDT/826 GMT
Vietnam produced an estimated 3.184 million mt of coal in July, up 9% year on year, according to data released Wednesday by the General Statistics Office.
Houston (Platts)--29 Jul 2015 501 pm EDT/2101 GMT
Cliffs Natural Resources remains in talks to sell its two US metallurgical coal mines and sees a deal being made in the "very near future," CEO Lourenco Goncalves said Wednesday during a conference call to discuss the company's second-quarter earnings.
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Houston (Platts)--31 Jul 2015 432 pm EDT/2032 GMT
Fuel oil and marine diesel sales in Panama increased in May on the year, supported by higher vessel traffic on both sides of the canal, data from the Panama Maritime Authority showed Friday.
Houston (platts)--30 Jul 2015 430 pm EDT/2030 GMT
New York IFO 380 CST bunker fuel was assessed at $291/mt ex-wharf Wednesday, a $1/mt fall and the lowest value since being assessed at $285/mt ex-wharf on January 29, 2015, according to Platts data.
London (Platts)--30 Jul 2015 825 am EDT/1225 GMT
A healthy tonnage list has driven Handysize tanker rates to more than five month lows in the Mediterranean, making shipowners prospects look bleak.
Singapore (Platts)--30 Jul 2015 628 am EDT/1028 GMT
Rates for very large gas carriers moving LPG on the key Persian Gulf -to-Japan route have fallen 15% over the past two weeks, after hitting near one-year peaks around $136/mt in mid-July, as term charterers re-let their vessels, traders and shipping sources said Thursday.
Houston (Platts)--29 Jul 2015 406 pm EDT/2006 GMT
One of the barge docks at Kinder Morgan's Galena Park Terminal in Texas will be shut from July 30 until September 22 for maintenance and repairs, the company said in a reminder statement to customers Wednesday.
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Singapore (Platts)--31 Jul 2015 407 am EDT/807 GMT
The Iran Mercantile Exchange is studying the feasibility of launching a polypropylene futures contract, an exchange official said Wednesday.
London (Platts)--30 Jul 2015 802 am EDT/1202 GMT
Revised anti-dumping duties on US polyvinyl chloride imports into Turkey may boost demand for material from Europe, market sources said.
Houston (Platts)--29 Jul 2015 432 pm EDT/2032 GMT
Huntsman has encountered a strong MTBE market as the company's MTBE unit returned from an extended turnaround, CEO Peter Huntsman said Wednesday.
London (Platts)--29 Jul 2015 718 am EDT/1118 GMT
Buying activity for polyethylene terephthalate is differing by region due to contrasting weather and converter stock levels, sources said Wednesday.
Singapore (Platts)--29 Jul 2015 454 am EDT/854 GMT
Higher Asian paraxylene supply and a spike in US prices have reversed the arbitrage flow of PX, with more than 30,000 mt heard fixed so far for August loading from India and the Middle East to the US or Mexico, according to market sources and shipping reports this week.
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Pittsburgh (Platts)--31 Jul 2015 556 pm EDT/2156 GMT
US wire rod prices are facing headwinds heading into August as scrap and imported Turkish wire rod prices trend down.
London (Platts)--31 Jul 2015 800 am EDT/1200 GMT
Copper producers active in Zambia are currently evaluating the likely impact of their operations of reduced power supplies from local utilities.
London (Platts)--31 Jul 2015 759 am EDT/1159 GMT
Ferrous scrap prices into Turkey edged up Thursday as Turkish mills continued to take advantage of low prices.
Singapore (Platts)--31 Jul 2015 737 am EDT/1137 GMT
China's domestic iron ore concentrates price inched up by Yuan 10/dry mt ($1.6/dmt) over the week amid firming up in domestic steel prices as well as in import iron ore price, market sources said Friday.
Pittsburgh (Platts)--30 Jul 2015 539 pm EDT/2139 GMT
The recent cold-rolled coil trade case filing will need additional support to really move steel prices, market sources said Thursday.
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Houston (Platts)--31 Jul 2015 555 pm EDT/2155 GMT
The estimated production margin for a typical US Midwest dry-mill ethanol plant for the week ended Friday rose 8.2291 cents, or 22.07%, to 45.51 cents/gal, reaching a five-week high, a review of US Department of Agriculture and Platts data showed.
London (Platts)--31 Jul 2015 724 am EDT/1124 GMT
The current tightness in the industrial ethanol market in Europe could have a knock-on effect on the fuel-ethanol market, according to some sources.
Singapore (Platts)--31 Jul 2015 526 am EDT/926 GMT
The Philippines Department of Energy has set its fourth-quarter ethanol blending mandate at 46.95 million liters, up 7.25 million liters or 18.3% from Q3, a smaller-than-expected increase, end-users said Friday.
London (Platts)--29 Jul 2015 804 am EDT/1204 GMT
British agribusiness Tate & Lyle said Wednesday it has been "encouraged" since shrinking its position in the European bulk ingredients sector at the start of the first quarter, to sharpen its focus on speciality food ingredients and its Splenda sucralose unit.
London (Platts)--29 Jul 2015 807 am EDT/1207 GMT
Around 10,000 cu m of EN spec ethanol was heard booked this week from Santos, Brazil, for delivery into Rotterdam for September, sources said.
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