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Commodity Pulse: Does the EU need a new electricity market design?

November 26, 2014 (13:09)

This is the question that governments, regulators, industry and the EC are wrestling with as the EU seeks to decarbonize its energy sector while keeping the lights on. Platts editors Henry Edwardes-Evans and Siobhan Hall discuss the options.

News Headlines

Crude futures settle lower on Naimi comments
New York (Platts)--26 Nov 2014 411 pm EST/2111 GMT
Crude futures settled lower Wednesday after remarks by Saudi Arabian oil minister Ali Naimi in Vienna were interpreted as a sign the world's top exporter would not seek a production cut at Thursday's OPEC summit.
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Analysis & Data Features

November 26, 2014
Japanese LNG buyers may have over-committed to gas under long-term contracts if nuclear reactors restart soon.
Also in this feature
US gas may be priced out of the market
Osaka Gas would divert its US LNG cargoes if US gas prices rose too high.

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The Barrel Blog

November 26, 2014
If you are a state-run gas company in a Baltic state–once part of the Soviet Union, and tied to the former empire by gas pipelines–you might grab with both hands the chance to buy gas from someone who is not associated with the Kremlin.
November 25, 2014
Japan's recent deal with Abu Dhabi to lease out more crude storage capacity to the emirate under a renewal agreement is deemed mutually beneficial.
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Price Focus

The Light Houston Sweet differential strengthened week on week due to West Texas Intermediate in Midland, Texas, being supported by higher demand with Plains All-American Pipeline’s Sunrise crude pipeline set to startup in December, sources said. LHS was assessed Nov 20 at $2.65 below the Light Louisiana Sweet differential at WTI plus $1/b or $76.53/b. On November 13, LHS was assessed at $74.75/b, or WTI plus 50 cents/b.


Russian oil exports tumble ahead of 2015 tax changes
November 26, 2014 - Platts editors discuss the upcoming changes to the Russian oil export tax scheme and their impact on both crude and product exports, the spot market and other effects.
Asian PTA market stabilizes after weakness; new capacities to lengthen supply
November 26, 2014 - Platts editors discuss the factors affecting PTA prices in the region; the ways Asian producers are coping with China's capacity expansions; and market's expectations on PTA prices in 2015.
EPA dodges an RFS decision, leaving oil, biofuel industries hanging
November 24, 2014 - How the decision to punt the 2014 Renewable Fuel Standard into next year was a lot like Reebok's Dan vs. Dave campaign ahead of the 1992 Olympics.
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Crude Oil MethodologyPublished July 2014

The Crude Oil Guide contains the primary specifications and methodologies for Platts crude oil cargo and pipeline assessments throughout the world.

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