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Oil

Houston (Platts)--20 Apr 2018 319 pm EDT/1919 GMT
A fire erupted Thursday afternoon at a depropanizer tower at Valero's 225,000 b/d refinery in Texas City, Texas, a company spokeswoman said Friday.
Washington (Platts)--20 Apr 2018 455 pm EDT/2055 GMT
Despite President Donald Trump's threat Friday that the US will not accept "artificially very high" oil prices, Washington is not expected to take any real action against OPEC or its budding long-term pact with Russia, analysts said Friday.
Jeddah, Saudi Arabia (Platts)--20 Apr 2018 147 pm EDT/1747 GMT
Top OPEC nations and Russia rejected Friday accusations by US President Donald Trump on Twitter they were "artificially" fixing prices.
London (Platts)--20 Apr 2018 1156 am EDT/1556 GMT
Gazprom Neft's pioneering Arctic oil projects are not going to be crimped by international production cuts, but output growth will no longer be the company's main driver as it focuses on other metrics such as technology, its strategy and innovations head, Sergey Vakulenko, said Thursday.
London (Platts)--20 Apr 2018 1053 am EDT/1453 GMT
Europe will see a high volume of US crude oil exports land on its coasts in May and June, driven by a wide spread between Brent and WTI crude futures, European traders said.
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Natural Gas

Houston (Platts)--20 Apr 2018 410 pm EDT/2010 GMT
Cheniere Energy said Friday it had engaged more than two dozen banks and financial institutions to help it finance a third liquefaction train at its Corpus Christi LNG export facility, and it expects to make a final investment decision on the unit by the end of June.
London (Platts)--20 Apr 2018 859 am EDT/1259 GMT
Norwegian natural gas operator Gassco has canceled planned maintenance at an unnamed gas field that was set to last from Friday through to the end of the Summer 2018 delivery period, the company said in an updated REMIT message Friday morning.
London (Platts)--20 Apr 2018 757 am EDT/1157 GMT
After ending Thursday down 7.9 cents at $2.660/MMBtu, NYMEX May natural gas futures ticked higher overnight ahead of Friday's open, as the market squeezed gains from the latest storage data showing another unseasonable stock draw that was also surprisingly large.
London (Platts)--20 Apr 2018 542 am EDT/942 GMT
Germany's new government plans to add LNG infrastructure with the planned import terminal at Brunsbuttel the most likely project as the cleaner fuel will become key to reducing shipping emissions, the economy and energy ministry said in a statement.
Singapore (Platts)--20 Apr 2018 413 am EDT/813 GMT
Global LNG imports in 2017 increased by nearly 10%, the highest annual growth rate since 2010, reaching 289.8 million mt, while expectations of an LNG surplus failed to materialize as rising imports into China contributed to balancing the market, an industry report showed.
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Electric Power

Washington (Platts)--20 Apr 2018 151 pm EDT/1751 GMT
Although natural gas and power prices were relatively low across the US last year, fuel-security issues plaguing New England and Southern California led to some close calls for grid operators tasked with keeping the lights on, commissioners reflecting on the Federal Energy Regulatory Commission's 2017 state of the markets report said Thursday.
London (Platts)--20 Apr 2018 755 am EDT/1155 GMT
Demand side response (DSR) may spread to residential households if a new hybrid heating system catches on.
London (Platts)--20 Apr 2018 547 am EDT/947 GMT
Investment in new wind farms in Europe last year fell 19% on the year to Eur22.3 billion ($27.5 billion), according to an annual report by wind lobby group WindEurope.
Houston (Platts)--19 Apr 2018 537 pm EDT/2137 GMT
Water supply levels in California were bolstered in March but still sit below normal, after several late winter storms increased snowpack and reservoir levels, according to the California Department of Water Resources.
Barcelona (Platts)--19 Apr 2018 1052 am EDT/1452 GMT
Three of Spain's second-tier steel companies said Thursday they plan to challenge in court a new Ministerial Order about auctions of interruptible power capacity, as it does not go far enough to increase competition.
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Coal

Houston (Platts)--20 Apr 2018 458 pm EDT/2058 GMT
US coal train loadings dropped 1.2% on week due to decrease in shipments across major basins except Northern Appalachia.
London (Platts)--20 Apr 2018 1048 am EDT/1448 GMT
The NEMO link to Belgium, growth in renewables and small plant additions contracted under the capacity market are set to force out the UK's least efficient coal-fired power stations between Winter 2018 and Winter 2019, S&P Global Platts Analytics said Friday.
London (Platts)--20 Apr 2018 804 am EDT/1204 GMT
The delivered thermal coal market in Turkey showed a low level of liquidity in the week to Friday with no reported tenders or buying interest in the market.
New Delhi (Platts)--20 Apr 2018 537 am EDT/937 GMT
Indian power utilities imported 56.41 million mt of steam coal in fiscal year 2017-2018 (April-March), down 13% on the year, according to the latest data by India's Central Electricity Authority released Thursday.
Sydney (Platts)--19 Apr 2018 1034 pm EDT/234 GMT
Australia's Wesfarmers produced 1.59 million mt of thermal coal in January-March, it said Thursday, a decline of 4% from the year-ago period and 19% from the prior quarter due in part to hitting a less-productive area of its Bengalla mine in New South Wales.
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Shipping

Singapore (Platts)--20 Apr 2018 208 am EDT/608 GMT
Bunker fuel prices in Singapore hit a year-to-date high Thursday on the back of the recent rise in crude prices, even though market sources said spot demand was lukewarm and likely to remain so in the near term.
Singapore (Platts)--19 Apr 2018 1132 pm EDT/332 GMT
Taiwan's state-owned refiner CPC issued an alert Friday morning saying it would be unable to process bunker fuel customs declarations at Taichung port on Friday afternoon because of a company scheduled internet maintenance.
Houston (Platts)--19 Apr 2018 354 pm EDT/1954 GMT
The Panama Canal Authority (ACP) will reduce the maximum draft for vessels transiting the Neopanamax locks to 48 feet or 14.63 meters tropical fresh water starting April 27, it said.
London (Platts)--19 Apr 2018 939 am EDT/1339 GMT
Bunker fuel demand at West African ports such as Lome and Dakar has been waning over recent months due mainly to high prices, sources said.
London (Platts)--19 Apr 2018 736 am EDT/1136 GMT
The 3.5% FOB Rotterdam barge market and Rotterdam 380 CST delivered bunker fuel has hit 3-1/2 year highs in the wake of rising ICE Brent futures.
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Petrochemicals

Houstong (Platts)--20 Apr 2018 520 pm EDT/2120 GMT
US April propylene contract prices were beginning to settle Friday at a 1 cents/lb decrease -- to 46 cents/lb for polymer-grade product and 44.5 cents/lb for chemical-grade product, sources said.
Houston (Platts)--20 Apr 2018 149 pm EDT/1749 GMT
The US April paraxylene contract price was heard settled Friday at 48 cents/lb, sources said Friday.
London (Platts)--20 Apr 2018 902 am EDT/1302 GMT
Global ethylene prices have seen a stark divergence recently, with the Atlantic Basin coming under increased pressure amid capacity additions in the US while the Asia-Pacific region has been strong on the back of outages.
London (Platts)--20 Apr 2018 758 am EDT/1158 GMT
The Northwest European toluene and mixed xylenes market structures have shifted into a contango, driven by weak prompt demand.
Singapore (Platts)--20 Apr 2018 447 am EDT/847 GMT
China Petroleum and Chemical Corp., or Sinopec, raised its ex-works butadiene offer price in East China for the second time this week to Yuan 10,100/mt, or $1,346/mt on an import-parity basis, Friday, up Yuan 200/mt or about 2%, market sources said.
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Metals

New York (Platts)--20 Apr 2018 542 pm EDT/2142 GMT
Norwegian aluminum producer Norsk Hydro has told Rusal it "may be necessary" to declare force majeure on "certain contracts" in order for Hydro to uphold its obligations under US sanctions, the company said Friday.
London (Platts)--20 Apr 2018 321 pm EDT/1921 GMT
Miner Cleveland-Cliffs said Friday it expects higher iron ore pellet sales and revenue in the US, as surging domestic HRC steel prices and Atlantic pellet premiums used in contracts may be sustained as demand strengthens.
London (Platts)--20 Apr 2018 1049 am EDT/1449 GMT
Several US low-vol and mid-vol coking coal mines produced at higher rates in the first quarter during a period of rising export and domestic prices, US government data analysed Friday by S&P Global Platts showed.
London (Platts)--20 Apr 2018 903 am EDT/1303 GMT
Sweden-based steelmaker SSAB forecast good underlying demand for high-strength steels in most markets during the second quarter, when posting first-quarter operating earnings below market expectations Friday due to production and transport capacity problems that have now been resolved.
London (Platts)--20 Apr 2018 802 am EDT/1202 GMT
Cancellations of aluminum warrants listed on the London Metal Exchange have risen over the past week, with canceled warrants rising by 66% since April 12.
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Agriculture

Houston (Platts)--20 Apr 2018 409 pm EDT/2009 GMT
The market for California ethanol has spiked in recent days as scarce product and plant maintenance has driven up rail car prices.
Houston (Platts)--20 Apr 2018 553 am EDT/953 GMT
India's sugar production is expected to top 29.5 million mt in the 2017-18 season, the highest amount on record, which is pressuring domestic prices, the Indian Sugar Mills Association said.
Houston (Platts)--19 Apr 2018 1247 pm EDT/1647 GMT
US net export sales of current crop and next crop corn totaled 1.204 million mt in the week ended April 12, up 3.4% from 895,914 mt in the previous week, US Department of Agriculture data showed Thursday.
Singapore (Platts)--19 Apr 2018 851 am EDT/1251 GMT
Japan's new policy announcement this week to allow US corn-based ethanol as a feedstock in the production of bio-ethyl tert-butyl ether (ETBE), starting April 2018, will have a limited immediate impact in the Asian ethanol market, sources said.
Houston (Platts)--18 Apr 2018 600 pm EDT/2200 GMT
US ethanol production averaged 1.009 million b/d in the week ended April 13, down 25,000 b/d from the prior week, Energy Information Administration data showed Wednesday.
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