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.
The Platts JKM for November delivery was unchanged Thursday, September 18, at $14.60/MMBtu with little supply offered and muted firm demand from most end-users....Read More »
NYMEX October RBOB settled up 5.04 cents at $2.6114/gal, as the oil
complex turned mostly higher Friday on news of a widening US-led campaign
against Islamic State jihadists in Iraq.
The upstream oil and gas industry called Friday for a focus on reforms
needed to revive the UK's flagging North Sea production, following Scotland's
decisive rejection of independence in a referendum.
The Light Houston Sweet differential dropped 20 cents/b week-on-week as
demand for light sweet crudes on the US Gulf Coast waned, causing the region's
crude differentials to weaken.
Natural gas curtailments that have negatively impacted production by
downstream LNG and petrochemical plants in Trinidad are mainly because of less
investment by upstream producers, not maintenance activity, BP Trinidad and
Tobago said Friday.
Russia's Gazprom expects gas market trends of recent years -- that saw
its share on the European gas market increasing -- to continue over the next
10 years, despite ongoing changes and stagnation in the markets, CEO Alexei
Miller said Friday.
China will look to drive "a hard bargain" on prices when signing LNG
off-take deals with Canadian producers in large part because of its recently
signed supply deal with Russia, an official with China National Offshore Oil
California and Quebec will conduct their first joint auction of
greenhouse gas allowances on November 19, the California Air Resources Board
and the Quebec Ministry of Sustainable Development, Environment and the Fight
Against Climate Change said Friday.
UK prompt power prices fell sharply on Friday to close the week on a
bearish note following a strong rally at the start of week 38, as weakening
gas prices and forecasts for rising wind output weighed on the contracts.
Generation retirements could cause New York to face electricity
shortfalls a year earlier than previously thought, but behind-the-meter
resources could help reduce the risk of such shortfalls, new reports show.
Some Indonesian thermal coal suppliers who have already received their
export licenses were trying to push up offer prices for October cargoes,
anticipating supply tightness after the new license rules are implemented,
sources said Friday.
China's domestic thermal coal market may not get much support from
pre-winter stocking in the seasonally strong fourth quarter, this year, due to
high stocks at power utilities, which are running on relatively low capacity
amid rich hydropower and a slowing economy, industry sources said Thursday.
Despite natural gas futures climbing above $4/MMBtu on Wednesday, coal
prices mostly fell on account of traders unwinding unfavorable positions,
a market source said.
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