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Oil | Natural Gas | Electric Power | Coal | Shipping | Petrochemicals | Metals | Agriculture

Oil

Houston (Platts)--17 Aug 2018 508 pm EDT/2108 GMT
Permian rigs up by one to 486, highest since January 2015
New York (Platts)--17 Aug 2018 501 pm EDT/2101 GMT
Crude futures settled higher Friday as the possibility of supply disruptions in Libya trumped last week's US crude build.
London (Platts)--17 Aug 2018 119 pm EDT/1719 GMT
Energy industry service provider Bilfinger Salamis denied Friday a claim by North Sea trade union Unite that it may have effectively blacklisted workers at Total's Culzean gas project, as a dispute continues at Total's producing platforms.
London (Platts)--17 Aug 2018 1150 am EDT/1550 GMT
Saudi Arabia slightly increased its crude oil and condensate reserves in 2017, as production fell from 2016 levels, state-owned Aramco said in its annual report released Friday.
New York (Platts)--17 Aug 2018 1146 am EDT/1546 GMT
Crude oil futures remained slightly higher midday Friday, supported by supply risks in Libya.
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Natural Gas

Denver (Platts)--17 Aug 2018 414 pm EDT/2014 GMT
Operators flare 388 MMcf/d in June
Moscow (Platts)--17 Aug 2018 1239 pm EDT/1639 GMT
Sanctions against Russian oil and gas industry have complicated new gas projects development in the country, especially offshore and at hard-to-extract fields, the country's natural resources ministry said in a report Friday, admitting the negative effect restrictions have had on the industry in the past years.
Houston (Platts)--17 Aug 2018 1144 am EDT/1544 GMT
NYMEX September gas futures increased Friday as the market experienced a delayed reaction to inventories reaching an eight-year low.
London (Platts)--17 Aug 2018 1032 am EDT/1432 GMT
The link between the key Dutch TTF Winter 18 natural gas contract and Brent crude oil has weakened dramatically in the past few weeks, with the 50-day correlation between the two turning negative on Thursday for the first time in over 17 months, data from S&P Global Platts showed.
Singapore (Platts)--17 Aug 2018 854 am EDT/1254 GMT
Spot LNG prices ended the week firmer as restocking demand following the hot summer, as well as strong forward price expectations, continued to provide support.
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Electric Power

Houston (Platts)--17 Aug 2018 604 pm EDT/2204 GMT
Renewables cover peak demand, with excess sold
New York (Platts)--17 Aug 2018 510 pm EDT/2110 GMT
Injunction allows plant to run until October
Istanbul (Platts)--17 Aug 2018 1212 pm EDT/1612 GMT
Turkey's energy markets have been issued a warning message from the tumble of the lira, Japan's MUFG research showed.
London (Platts)--17 Aug 2018 812 am EDT/1212 GMT
Forecasts for returning high temperatures coupled with a decrease in renewables generation in north west Europe over the weekend and next week sent the German and French wholesale prompt power prices higher on Friday.
London (Platts)--17 Aug 2018 715 am EDT/1115 GMT
The European Commission has approved three Danish schemes to support wind and solar power production in 2018 and 2019 under EU State aid rules, it said Friday.
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Coal

Louisville, Kentucky (Platts)--17 Aug 2018 602 pm EDT/2202 GMT
Satisfied with expanded Oaktown underground mine
Houston (Platts)--17 Aug 2018 421 pm EDT/2021 GMT
Third-highest week of loadings this year
London (Platts)--17 Aug 2018 1052 am EDT/1452 GMT
Germany's coal phase-out commission will meet August 23 for its third plenary meeting with this summer's heatwave potentially boosting voices within the commission calling for more urgent action on coal closures.
Perth/Singapore (Platts)--17 Aug 2018 652 am EDT/1052 GMT
Some heavy falls in Chinese futures prices for 5,500 kcal/kg NAR thermal coal in Friday's session have dampened expectations of a near-term recovery in spot prices for Chinese domestic and imported coal, market sources said.
Houston (Platts)--16 Aug 2018 354 pm EDT/1954 GMT
Merger previously scheduled to close in Q3
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Shipping

Houston (Platts)--17 Aug 2018 411 pm EDT/2011 GMT
The Medium Range tanker freight rate on the US Gulf Coast-Caribbean route shot up close to 35% over the past two days, with levels on that route pegged at $435,000 lump sum Friday morning, according to S&P Global Platts data.
London (Platts)--17 Aug 2018 608 am EDT/1008 GMT
Libyan crude oil output has risen above 1 million b/d for the first time in two months, but many shipowners remain wary about transporting Libyan cargoes due to security concerns and these stems are attracting a hefty freight premium as a result, sources said Friday.
London (Platts)--17 Aug 2018 514 am EDT/914 GMT
A tight RMG 380 CST market has left demand for RMK 500 CST bunker fuel slack in recent weeks in Northwest Europe.
Singapore (Platts)--17 Aug 2018 248 am EDT/648 GMT
Singapore 380 CST bunker fuel premiums could stay supported into August amid concerns over off-specification fuel oil cargoes lingering in the market, trade sources said this week.
London (Platts)--16 Aug 2018 1205 pm EDT/1605 GMT
A Suezmax cargo of Ekofisk crude is headed to South America, according to S&P Global Platts trade flow software cFlow, in an unusual move for the North Sea crude grade.
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Petrochemicals

Houston (Platts)--17 Aug 2018 817 pm EDT/017 GMT
Colombian Esenttia's polypropylene sales totaled 113,613 mt in the second quarter, up 9,140 mt or 8.7% from Q1 and up 10,677 mt or 10.4% year on year, latest Ecopetrol data showed.
Houston (Platts)--17 Aug 2018 755 pm EDT/2355 GMT
South Korean polypropylene exports to the US and Mexico topped 10,000 mt for a second straight month in July, leading some market players to expect more of the same in coming months amid an attractive North American arbitrage.
Houston (platts)--17 Aug 2018 622 pm EDT/2222 GMT
Vinmar International Friday said it has launched a polymer resale and distribution unit, Vinmar Polymers America, and that it will be led by Kirt Dmytruk, a 17-year veteran of the petrochemical industry.
London (Platts)--17 Aug 2018 959 am EDT/1359 GMT
The backwardation between August and September in the European styrene market has narrowed this week following a production issue in the market.
London (Platts)--17 Aug 2018 809 am EDT/1209 GMT
Export demand has prevented a fall in European benzene spot prices despite length in the market, according to sources this week.
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Metals

Houston (Platts)--17 Aug 2018 600 pm EDT/2200 GMT
The United Steelworkers union Friday released separate updates on the progress of labor contract negotiations with US Steel and ArcelorMittal USA, expressing slightly more positive sentiment about the former.
Louisville, Kentucky (Platts)--17 Aug 2018 506 pm EDT/2106 GMT
Swedish aluminum rolled products producer Granges said Friday it has ended plans to form a joint venture in the US with Mitsubishi Aluminum to manufacture aluminum materials for brazed automotive heat exchangers.
Singapore (Platts)--17 Aug 2018 749 am EDT/1149 GMT
Containerized heavy melting ferrous scrap prices to Taiwan continued to fall this week on uncertainty spilling over from the Turkish market, industry sources in Taiwan said.
Sydney (Platts)--17 Aug 2018 517 am EDT/917 GMT
Alcoa workers in Western Australia have voted to continue industrial action indefinitely, Australian Workers' Union branch secretary Mike Zoetbrood said Friday in statement.
Tokyo (Platts)--16 Aug 2018 926 pm EDT/126 GMT
Ordinary carbon steel orders booked by Japanese mills in June rose 1% year on year and were up 1.3% from May at 5.59 million mt, data released Thursday by the Japan Iron & Steel Federation showed.
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Agriculture

Houston (Platts)--17 Aug 2018 158 pm EDT/1758 GMT
Trading interest in the California ethanol market was volatile over the last week as illiquidity prompted higher bids from buyers and looming imports forced traders to balance storage positions.
Houston (Platts)--17 Aug 2018 1208 pm EDT/1608 GMT
Brazil will likely step down to become the world's second-largest sugar producer on low global sugar prices and higher profitability and strong demand for ethanol, according to a report by Brazilian consulting company JOB Economia e Planejamento.
Singapore (Platts)--17 Aug 2018 247 am EDT/647 GMT
Basis offer prices of shipped soybeans into China have fallen by almost 5% to 315 cents/bushel late Thursday as news emerged of renewed talks between Beijing and Washington on trade.
Houston (Platts)--16 Aug 2018 350 pm EDT/1950 GMT
US ethanol producers and marketers have found headwinds in recent weeks as truckers to haul product into major hubs have moved on to higher-paying routes.
Houston (Platts)--16 Aug 2018 243 pm EDT/1843 GMT
US net export sales of current crop and next crop corn totaled 1.384 million mt in the week that ended August 9, up 14.1% from 1.212 million mt in the previous week, Department of Agriculture data showed Thursday.
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