Platts Energy Week is an independent energy news and information program that airs weekly. The program provides a forum where prominent decision makers in government, industry and markets gather to provide information that their peers can use to help gauge opportunities and risks associated with energy investments and trading.
Shifting price relationships in Latin America means some crude grades are finding new market opportunities, both within the region and beyond....Read More »
Oil futures settled lower Monday in New York after Saudi Arabia's oil
minister Ali al-Naimi was reported as saying the kingdom will maintain its
crude production at around 9.7 million b/d despite low prices, and could even
The government of Trinidad and Tobago has signed an exploration and
production license for offshore acreage on Trinidad's western coast with a
subsidiary of Chinese state oil company Sinopec and its two partners, T&T's
Energy Ministry said Monday.
Norway's ambitions to grow its crude oil production in 2014 remain
broadly intact despite the plunge in oil prices that has led to some project
delays, but output growth predictions for ensuing years are now under
pressure, according to a top official in the Norwegian Petroleum Directorate
The NYMEX January natural gas futures contract fell 32 cents to settle at
$3.144/MMBtu Monday as the market continued to question whether cold winter
weather will persist.
European wholesale gas prices were lower in early Monday trade, with day-
ahead contracts in the Netherlands and Germany dropping on low demand, but
longer-term gas contracts extended losses from late last week and fell further
in morning exchanges.
China's state-owned giant China Petroleum and Chemical Corporation or
Sinopec expects to supply 8.4 billion cubic meters of gas to the domestic
market this winter, an 11% increase year on year.
FirstEnergy is adding about $100 million in transmission upgrades in West
Virginia as part of a $250 million program to support the development of the
natural gas industry in the Marcellus Shale.
Near-record wind power generation above 25 GW combined with reduced
demand due to the Christmas holidays keeping German overnight hourly
power prices negative Monday, according to sources.
A poll by ComRes of 2,047 UK adults between November 7 and November 9
found that 58% supported the use of nuclear power in the UK generation mix,
according to a statement Friday by New Nuclear Watch Europe, a lobby group for
new nuclear construction.
Patriot Coal's Highland No.
Continued problems in Venezuela along with other bearish global sentiment
weighed on spot petroleum coke prices through Friday.
Combined stocks of thermal coal at 100 Indian power plants were 20.6%
lower on the year Wednesday at 12.6 million mt, enough supply for eight days
of coal burn, according to data released by India's Central Electricity
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