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The Barrel Blog

May 27, 2015
The UK is expecting a referendum by 2017 to decide whether there should be a British exit from the EU, but how would it impact the electricity and gas market?
May 26, 2015
The Canadian oil patch is undergoing an existential moment as low oil prices have scared off investors and thrown the future of further oil sands projects into disarray.
May 26, 2015
For years, legislative efforts to give coastal states a larger share of offshore drilling revenue have brought the Senate Energy and Natural Resources Committee "to a standstill," according to Sen. Maria Cantwell.
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News Feature: India's coal industry

May 27, 2015
With Chinese demand for seaborne coal stalling, India has become the great hope of the seaborne coal market.
Also in this feature
Understanding India's coal geography
Coal users are located in almost all states except in the north-east and India's three most northerly states.
India's coal imports versus domestic production
Coal Minister Piyush Goel has said that domestic coal production will expand rapidly in the next two to three years, removing the need for imports, but this appears highly unlikely.

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Podcasts

Senator Murkowski quizzed on her efforts to repeal the US crude export ban
May 26, 2015
Sen. Lisa Murkowski, the Alaska Republican and chairwoman of the Senate Energy & Natural Resources Committee, on her efforts to repeal the longstanding US crude oil exports ban.
Gasoline taxes helping to drive up demand for hydrous ethanol in Brazil
May 21, 2015
Demand for hydrous ethanol in Brazil is booming, with the biofuel becoming more competitive than gasoline and bouncing back to demand levels on par with December 2009.
China's slowing economy 'zombifies' its steel industry, as optimism creeps into US scrap
May 21, 2015
Platts steel editors look at the economically challenging global landscape for metals, and explain how raw materials are impacting pricing and the outlook for finished steel goods.
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Global Market Outlook

Firmer raw material prices give support to some finished steel markets

May 22, 2015 (04:37)

Mark Wiggett, editor for Platts Global Market Outlook, assesses key developments in the global steel and raw material markets during April and early May.


Price Focus

The physical 3.5 FOB Rotterdam barge market trended higher at the prompt February 27, with RMG material leaving Europe for arbitrage destinations, traders said. "The market is getting tighter for RMG...we expect stronger pricing for barges in March," one said. At the same time, supply was sufficient for cracked fuel oil, with a lot of straight run and M-100 being blended into the finished grade pool, albeit at relatively high costs, sources said.



News Headlines

New York (Platts)--27 May 2015 316 pm EDT/1916 GMT
A "massive" theft of copper wire disrupted A train services on New York City's Subway system during the morning rush hour commute on Wednesday, the Metropolitan Transportation Authority said.
Houston (Platts)--27 May 2015 307 pm EDT/1907 GMT
Planned Australian thermal coal production from the Galilee Basin, while not bound for the same Asian markets eyed by Powder River Basin producers, could still displace PRB exports over the next several years, sources familiar with the thermal coal export markets said Tuesday.
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Americas Refined Oil ProductsPublished January 2015

The Americas Refined Oil Products Guide contains the primary specifications and methodologies for Platts American Products assessments.






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