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

Oil

Singapore (Platts)--18 Jun 2018 502 am EDT/902 GMT
Shocks to the global trading system due to escalating trade disputes are being felt in a very niche business -- the large-scale commodity trading houses that keep a low profile but have a huge influence on global trade with revenues running into hundreds of billions of dollars.
Tokyo (Platts)--17 Jun 2018 1001 pm EDT/201 GMT
Refinery: Osaka, western Japan
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.
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Natural Gas

Sydney (Platts)--18 Jun 2018 152 am EDT/552 GMT
Oil major ExxonMobil is planning an LNG import project off Australia's east coast, in the state of Victoria, with a potential startup as early as 2022, a spokesman said Monday.
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.
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Electric Power

Singapore (Platts)--18 Jun 2018 1239 am EDT/439 GMT
Kansai Electric's nuclear, thermal and hydro power plants had not been impacted by the strong earthquake that hit the city of Osaka in western Japan on Monday morning, the utility said.
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.
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Coal

Singapore (Platts)--18 Jun 2018 221 am EDT/621 GMT
Port Waratah Coal Services' two terminals at Newcastle port in eastern Australia had 11 ships waiting offshore Sunday, compared to 14 a week ago, the Hunter Valley Coal Chain Coordinator said in its weekly report Monday.
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.
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Shipping

Singapore (Platts)--18 Jun 2018 419 am EDT/819 GMT
There was no impact as yet on bunkering operations at Osaka following the strong earthquake that hit the western coast of Japan early on Monday morning, industry sources said.
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)
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Petrochemicals

Singapore (Platts)--18 Jun 2018 320 am EDT/720 GMT
Crude oil price movements and the upcoming meeting in Vienna on June 22 among OPEC members and other oil exporters are factors that will influence the performance of Asian petrochemical markets this week.
Singapore (Platts)--18 Jun 2018 251 am EDT/651 GMT
Japan's PVC production in May inched lower by 0.1% month on month to 124,048 mt, the Vinyl Environmental Council said in a statement Monday. Meanwhile, Japan's vinyl chloride monomer production in the month rose 8.2% from April to 214,643 mt, it added.
Singapore (Platts)--18 Jun 2018 142 am EDT/542 GMT
Japan's ethylene and ethylene derivatives exports in April stood at 164,200 ethylene equivalent ton, or EET, down 16.9% from a month earlier, the Ministry of Economy, Trade and Industry said in a statement late Friday.
Singapore (Platts)--18 Jun 2018 103 am EDT/503 GMT
Japan's ethylene production in May rose 3.2% from a month ago to 499,300 mt, the Ministry of Economy, Trade and Industry said in a statement late Friday.
Singapore (Platts)--18 Jun 2018 1243 am EDT/443 GMT
Japan's Mitsui Chemicals plans to restart its naphtha-fed steam cracker in Sakai, Osaka, by the end of July following maintenance, a company source said Monday.
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Metals

Tokyo (Platts)--18 Jun 2018 439 am EDT/839 GMT
Japanese steel producers did not find any damage to their steel mills after carrying out investigations following the 6.1 magnitude earthquake which hit the Kansai area, around Osaka in western Japan, early Monday, officials from the steel mills located in the affected area said.
Tokyo (Platts)--18 Jun 2018 118 am EDT/518 GMT
Tokyo Steel Manufacturing, Japan's leading electric arc furnace mill, announced Monday it would not change its domestic list prices for July, while waiting for market prices to rise further.
Hong Kong (Platts)--18 Jun 2018 1252 am EDT/452 GMT
Pilbara Minerals has delivered the first lithium direct shipping ore cargo from its 100%-controlled Pilgangoora lithium-tantalum project in Western Australia to Atlas Iron.
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.
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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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