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Oil

Singapore (Platts)--17 Jun 2018 648 am EDT/1048 GMT
The trade war between the US and China escalated on Saturday with China threatening an additional 25% tariff on $50 billion worth of US goods, including energy and agricultural products, in response to President Donald Trump's decision to place similar tariffs on the same annual value of Chinese product imports.
Singapore (Platts)--17 Jun 2018 638 am EDT/1038 GMT
China's Unipec faces uncertainty over its recent massive purchase of US crude after Beijing announced on Saturday that it was considering imposing a 25% import tariff on US crude oil in response to President Donald Trump's similar decision on Chinese product imports.
Singapore (Platts)--17 Jun 2018 629 am EDT/1029 GMT
China's Unipec faces uncertainty over its recent massive purchase of US crude after Beijing announced on Saturday that it was considering imposing a 25% import tariff on US crude oil in response to President Donald Trump?s similar decision on Chinese product imports.
Singapore (Platts)--17 Jun 2018 632 am EDT/1032 GMT
The trade war between the US and China escalated on Saturday with China threatening an additional 25% tariff on $50 billion worth of US goods, including energy and agricultural products, in response to President Donald Trump's decision to place similar tariffs on the same annual value of Chinese product imports. Among the $50 billion worth of US goods, the additional tariff on a total $34 billion worth of US agricultural products, cars and marine products are due to come into effect on July 6, according to an announcement by the Customs Tariff Commission of the State Council. Additional duties on the remaining $16 billion of US goods, including crude oil, LPG, gasoline, naphtha, fuel oil and natural gas, will be announced at a later date. But LNG, demand for which is rising in China, was not on the list. The latest tariff threat between the two biggest economies comes less than a month after Beijing and Washington on May 19 inked an agreement to put the brakes on their trade dispute after China agreed to buy more US goods, key among them being LNG and crude oil. US tariffs and China's retaliatory rhetoric have emerged as a big risk for commodity demand and prices in 2018, alongside a slowdown in the Chinese economy and geopolitical uncertainty. In this Factbox, S&P Global Platts takes a look at the existing energy and agricultural trade between the two nations and the impact of the tariff threat. CRUDE OIL **Crude oil is expected to see the biggest impact as Chinese buyers, both state-owned and private, have been ramping up US crude imports given competitive pricing and improving logistics. **China's crude oil imports are exempt from tariffs currently. **China has been the largest Asian buyer of US crude.
Calgary (Platts)--15 Jun 2018 627 pm EDT/2227 GMT
The Canadian government's deal to buy Kinder Morgan's Trans Mountain crude pipeline is far from over, with industry executives anticipating a six-month delay in the planned startup, keeping Alberta heavy oil prices at steep discounts to global benchmarks.
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Natural Gas

Singapore (Platts)--17 Jun 2018 648 am EDT/1048 GMT
The trade war between the US and China escalated on Saturday with China threatening an additional 25% tariff on $50 billion worth of US goods, including energy and agricultural products, in response to President Donald Trump's decision to place similar tariffs on the same annual value of Chinese product imports.
Singapore (Platts)--17 Jun 2018 632 am EDT/1032 GMT
The trade war between the US and China escalated on Saturday with China threatening an additional 25% tariff on $50 billion worth of US goods, including energy and agricultural products, in response to President Donald Trump's decision to place similar tariffs on the same annual value of Chinese product imports. Among the $50 billion worth of US goods, the additional tariff on a total $34 billion worth of US agricultural products, cars and marine products are due to come into effect on July 6, according to an announcement by the Customs Tariff Commission of the State Council. Additional duties on the remaining $16 billion of US goods, including crude oil, LPG, gasoline, naphtha, fuel oil and natural gas, will be announced at a later date. But LNG, demand for which is rising in China, was not on the list. The latest tariff threat between the two biggest economies comes less than a month after Beijing and Washington on May 19 inked an agreement to put the brakes on their trade dispute after China agreed to buy more US goods, key among them being LNG and crude oil. US tariffs and China's retaliatory rhetoric have emerged as a big risk for commodity demand and prices in 2018, alongside a slowdown in the Chinese economy and geopolitical uncertainty. In this Factbox, S&P Global Platts takes a look at the existing energy and agricultural trade between the two nations and the impact of the tariff threat. CRUDE OIL **Crude oil is expected to see the biggest impact as Chinese buyers, both state-owned and private, have been ramping up US crude imports given competitive pricing and improving logistics. **China's crude oil imports are exempt from tariffs currently. **China has been the largest Asian buyer of US crude.
Houston (Platts)--15 Jun 2018 533 pm EDT/2133 GMT
The NYMEX July natural gas futures contract jumped 5.7 cents Friday to $3.022/MMBtu, the first time the prompt-month contract has reached above $3/MMBtu since late January, as hot weather in the coming days are likely to suppress storage-building efforts.
Denver (Platts)--15 Jun 2018 530 pm EDT/2130 GMT
Tennessee Gas Pipeline on Friday declared a force majeure that will restrict flows on a segment of its mainline that backhauls southbound to Mexico in a development that could have a significant impact on gas supply south of the border.
Houston (Platts)--15 Jun 2018 132 pm EDT/1732 GMT
A pipeline explosion and subsequent force majeure that began last Thursday on Columbia Gas Transmission's Leach XPress natural gas pipeline in Marshall County, West Virginia, remains in effect and continues impacting hub prices in Appalachia this week, although rerouted regional production remains flat.
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Electric Power

Houston (Platts)--15 Jun 2018 523 pm EDT/2123 GMT
The price of the Regional Greenhouse Gas Initiative's carbon dioxide allowances rose to $4.02/st in the second auction of 2018 held on Wednesday, the cap-and-trade program's administrator said Friday.
London (Platts)--15 Jun 2018 1154 am EDT/1554 GMT
EU carbon dioxide allowances under the EU Emissions Trading System eased lower in Week 24, in the wake of a deal on a revised 2030 renewable energy target and as short-term supply increased from auctions.
London (Platts)--15 Jun 2018 535 am EDT/935 GMT
EDF Energy said in a statement late Thursday that it was shutting its 525 MW Dungeness B-2 nuclear unit in the UK for refueling later that day.
Washington (Platts)--15 Jun 2018 523 am EDT/923 GMT
California Independent System Operator's wholesale electric costs increased by about 25% in 2017, due in large part to a 27% increase in natural gas prices, the grid operator's department of market monitoring said Thursday.
Houston (Platts)--14 Jun 2018 614 pm EDT/2214 GMT
AES has completed the sale of its 17% interest in Sao Paulo, Brazil-based utility Eletropaulo to Italy's Enel SpA and will use the about $310 million of proceeds from the sale to pay down debt, the company said Thursday.
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Coal

Louisville, Kentucky (Platts)--15 Jun 2018 632 pm EDT/2232 GMT
Knight Hawk Coal approaches mid-year on track to post record annual production in excess of 5 million st, with exports playing an increasingly important part of its sales mix, a company official said Friday.
Houston, London (Platts)--15 Jun 2018 520 pm EDT/2120 GMT
In the US export market this week, a CFR deal for Northern Appalachia coal, basis 6,900 kcal/kg, for August loading was heard at a price greater than $110/mt.
London (Platts)--15 Jun 2018 1144 am EDT/1544 GMT
Ten laden vessels departed key Colombian coal terminals in the week to Friday, down from 11 the previous week, with Europe rather than South America the key destination for Colombian coal, according to S&P Global Platts trade flow software cFlow.
London (Platts)--15 Jun 2018 1131 am EDT/1531 GMT
Coal-fired power generation in Iberia has been seen picking up in line with a normal seasonal uptick, although previously high stock levels in Portugal are now likely to be drawn to a larger extent, while coal generation in Spain is set to slow amid strong hydroelectric output and competitive gas, traders in the region said this week.
London (Platts)--15 Jun 2018 801 am EDT/1201 GMT
Thermal coal stocks at Indian power plants were 15.2 million mt as of Wednesday, up 6% from the previous week, and back above the 15 million mt level after reaching a four-month low of 14.3 million mt last Tuesday, according to data published Friday by the Central Electricity Authority.
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Shipping

London (Platts)--15 Jun 2018 1216 pm EDT/1616 GMT
The container market has been focused on the battle of the Emergency Bunker Surcharge pitching shippers and freight forwarders against carriers.
Houston (Platts)--15 Jun 2018 851 am EDT/1251 GMT
Two rare cargoes of Venezuelan light-sweet Santa Barbara crude oil totaling nearly 800,000 barrels were imported into the US Gulf Coast in the first week of June, according to US Customs Bureau data released Thursday.
London (Platts)--15 Jun 2018 827 am EDT/1227 GMT
The spread between the front-month and second-month ICE low sulfur gasoil futures was trading in a sustained contango Thursday and Friday, for the first time in three-months.
London (Platts)--14 Jun 2018 533 pm EDT/2133 GMT
(Replaces with intended story)
London (Platts)--14 Jun 2018 537 pm EDT/2137 GMT
The volume of refined oil products set to arrive in West Africa from Asia, Europe, the Middle East and the US Gulf Coast in June amounted to at least 1.144 million mt as of Thursday, data from cFlow, S&P Global Platts trade flow software, showed.
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Petrochemicals

Singapore (Platts)--17 Jun 2018 648 am EDT/1048 GMT
The trade war between the US and China escalated on Saturday with China threatening an additional 25% tariff on $50 billion worth of US goods, including energy and agricultural products, in response to President Donald Trump's decision to place similar tariffs on the same annual value of Chinese product imports.
Singapore (Platts)--17 Jun 2018 632 am EDT/1032 GMT
The trade war between the US and China escalated on Saturday with China threatening an additional 25% tariff on $50 billion worth of US goods, including energy and agricultural products, in response to President Donald Trump's decision to place similar tariffs on the same annual value of Chinese product imports. Among the $50 billion worth of US goods, the additional tariff on a total $34 billion worth of US agricultural products, cars and marine products are due to come into effect on July 6, according to an announcement by the Customs Tariff Commission of the State Council. Additional duties on the remaining $16 billion of US goods, including crude oil, LPG, gasoline, naphtha, fuel oil and natural gas, will be announced at a later date. But LNG, demand for which is rising in China, was not on the list. The latest tariff threat between the two biggest economies comes less than a month after Beijing and Washington on May 19 inked an agreement to put the brakes on their trade dispute after China agreed to buy more US goods, key among them being LNG and crude oil. US tariffs and China's retaliatory rhetoric have emerged as a big risk for commodity demand and prices in 2018, alongside a slowdown in the Chinese economy and geopolitical uncertainty. In this Factbox, S&P Global Platts takes a look at the existing energy and agricultural trade between the two nations and the impact of the tariff threat. CRUDE OIL **Crude oil is expected to see the biggest impact as Chinese buyers, both state-owned and private, have been ramping up US crude imports given competitive pricing and improving logistics. **China's crude oil imports are exempt from tariffs currently. **China has been the largest Asian buyer of US crude.
Houston (Platts)--15 Jun 2018 517 pm EDT/2117 GMT
Global petrochemical producer and refiner LyondellBasell is in exclusive talks with Odebrecht to possibly buy the Brazilian engineering and construction conglomerate's controlling 38.3% interest in Braskem, Lyondell and Odebrecht said Friday.
London (Platts)--15 Jun 2018 532 am EDT/932 GMT
Price volatility in global methanol markets is set to increase amid new production and growing demand from methanol-to-olefins plants in China, Mike Nash, vice president at Syngas Chemicals, said at the IMPCA conference in Como Friday.
Bratislava (Platts)--15 Jun 2018 531 am EDT/931 GMT
Exports of styrene monomer from the European Union to China may face logistics, infrastructure and lead time challenges, sources said this week at the European Petrochemical Luncheon held in Bratislava from June 14-15.
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Metals

Louisville, Kentucky (Platts)--15 Jun 2018 729 pm EDT/2329 GMT
Canada's Highland Copper Friday said a newly released feasibility study was a "major step forward" in its planned development of the proposed Copperwood copper and silver mine in Michigan's Upper Peninsula.
Louisville, Kentucky (Platts)--15 Jun 2018 731 pm EDT/2331 GMT
Nevada Copper plans to "hold on" at least initially to the copper concentrate produced at its new Pumpkin Hollow mine in Nevada, for which construction is set to begin ramping up in July, company chairman Stephen Gill said Friday.
Sao Paulo (Platts)--15 Jun 2018 630 pm EDT/2230 GMT
Venezuelan hot-briquetted iron prices were unchanged for a fifth week in a row as traders are not seeing offers in the market, while direct-reduced iron export activity seems to be stable, sources said Friday.
London (Platts)--15 Jun 2018 514 pm EDT/2114 GMT
The coming week is to reveal the scope of increases of Turkish steel coil prices, both for export and domestic consumption.
Sao Paulo (Platts)--15 Jun 2018 1115 am EDT/1515 GMT
Chilean rebar steel shipments totaled 40,582 mt in April, down 7.3% year on year from 43,785 mt in April 2017, and a 18.2% drop from March's 49,617 mt, Chilean Construction Chamber data showed Friday.
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Agriculture

Singapore (Platts)--17 Jun 2018 648 am EDT/1048 GMT
The trade war between the US and China escalated on Saturday with China threatening an additional 25% tariff on $50 billion worth of US goods, including energy and agricultural products, in response to President Donald Trump's decision to place similar tariffs on the same annual value of Chinese product imports.
Singapore (Platts)--17 Jun 2018 632 am EDT/1032 GMT
The trade war between the US and China escalated on Saturday with China threatening an additional 25% tariff on $50 billion worth of US goods, including energy and agricultural products, in response to President Donald Trump's decision to place similar tariffs on the same annual value of Chinese product imports. Among the $50 billion worth of US goods, the additional tariff on a total $34 billion worth of US agricultural products, cars and marine products are due to come into effect on July 6, according to an announcement by the Customs Tariff Commission of the State Council. Additional duties on the remaining $16 billion of US goods, including crude oil, LPG, gasoline, naphtha, fuel oil and natural gas, will be announced at a later date. But LNG, demand for which is rising in China, was not on the list. The latest tariff threat between the two biggest economies comes less than a month after Beijing and Washington on May 19 inked an agreement to put the brakes on their trade dispute after China agreed to buy more US goods, key among them being LNG and crude oil. US tariffs and China's retaliatory rhetoric have emerged as a big risk for commodity demand and prices in 2018, alongside a slowdown in the Chinese economy and geopolitical uncertainty. In this Factbox, S&P Global Platts takes a look at the existing energy and agricultural trade between the two nations and the impact of the tariff threat. CRUDE OIL **Crude oil is expected to see the biggest impact as Chinese buyers, both state-owned and private, have been ramping up US crude imports given competitive pricing and improving logistics. **China's crude oil imports are exempt from tariffs currently. **China has been the largest Asian buyer of US crude.
Houston (Platts)--15 Jun 2018 629 pm EDT/2229 GMT
Non-commercial grain market participants decreased their net long position in US corn futures to 286,650 contracts in the week that ended Tuesday, down 13.2% from a week earlier, the US Commodity Futures Trading Commission said Friday.
Washington (Platts)--15 Jun 2018 1117 am EDT/1517 GMT
The US Environmental Protection Agency is close to releasing its proposal for how much biofuel refiners must blend into the US transportation fuel supply next year, a spokeswoman said Friday.
Washington (Platts)--15 Jun 2018 957 am EDT/1357 GMT
US President Donald Trump said Friday he is "not happy" with the controversies surrounding Environmental Protection Agency Administrator Scott Pruitt, but he ultimately defended Pruitt's handling of the job.
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