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The cash differential for Light Houston Sweet moved lower this week, after it climbed to its highest level yet in 2015 last week....Read More »
NYMEX April crude closed lower Thursday as growing US crude stockpiles
highlighted the oil market's surplus, dragging the front-month contract
further below ICE Brent.
South Sudan and the Democratic Republic of Congo have shown an interest
in the construction and development of the proposed 1,300-km (806-mile) crude
pipeline to the Kenyan coast, Ugandan Minister for Energy and Minerals
Development Irene Muloni told Platts in an interview Wednesday.
Algeria's state-owned Sonatrach has made two "extremely high-quality" oil
discoveries and one gas discovery since the start of this year, the company's
CEO Said Sahnoun was cited as saying Thursday by state news agency APS.
NYMEX April natural gas futures settled 16.5 cents lower at $2.697/MMBtu
Thursday on a bearish gas storage report from the US Energy Information
GDF Suez sold 142 LNG cargoes in 2014, up from 87 cargoes in 2013, with
"significantly higher volumes diverted to Asia and Europe in 2014," deputy CFO
Valery Perrier said at the group's annual results presentation Thursday.
LNG spot prices in India have surpassed those in northeast Asia for the
first time since Platts began assessing the two markets in 2010, with the DES
west India marker settling 5 cents above the JKM Wednesday, February 25.
The PJM Interconnection issued a cold weather advisory for Friday, with
frigid temperatures expected to impact the western region.
UK prompt baseload power prices found support Thursday from lower than
expected wind generation and stronger UK gas prices.
Pointing to recent changes in the power markets, the Maine Public
Utilities Commission decided Wednesday to take a second look at term sheets
approved in December for power purchase agreements from two wind farms.
Weekly US coal production totaled an estimated 16.5 million st in the
week ended February 21, down 14% from the prior week and down 13.3% from the
year-ago week, the US Energy Information Administration said Thursday.
Higher offer prices for imported fuel grade petcoke were heard in the
Indian market with rising freight rates this week, even as deals were limited
as Indian buyers scouted for bargains, sources said this week.
An affiliate of the US coal producer the Cline Group has purchased
Canada's Coalspur Mines at a "bargain price" and could begin exporting thermal
coal within two years, an analyst said Wednesday.
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