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.
Back in late May, it was obvious that OPEC's June 11 meeting in Vienna was going to result in yet another rollover of the 30 million b/d crude production ceiling...Read More »
Oil futures settled higher Monday, boosted by a rising geopolitical risk
premium amid violence in Ukraine and Libya, where oil production has once
Italy's Eni has signed a deal to explore for oil and gas in the Republic
of Congo's coastal basin, boosting the company's portfolio in sub-Saharan
Africa, it said in a statement Sunday.
The Northwest European 50 ppm sulfur gasoil barge market has risen over
the last several days following buying interest by several companies and
noticeably absent sellers.
US Commodity Futures Trading Commission member Scott O'Malia abruptly
resigned Monday in a letter to President Barack Obama after serving at the
commission as a Republican appointee for over four years.
The partners behind a proposed Alaska gas pipeline and LNG export project
have submitted an application to the US Department of Energy for permission to
export up to 20 million mt/year of LNG from the state.
NBP spot gas prices extended Friday's losses due to gas demand continuing
to be below average for the time of year and expectations of further LNG
supply in coming weeks.
More generator availability and less congestion caused Midcontinent
Independent System Operator day-ahead and real-time power prices to fall in
June, but they stayed above June 2013 levels, a report to be reviewed with
stakeholders Tuesday shows.
French nuclear power output Monday morning was almost 4 GW below
availability forecasts published late last week after EDF notified the grid of
new reactor limitations and delayed restarts, the latest data from grid
operator RTE showed.
The Electric Reliability Council of Texas cleared about 87,092 GWh of
congestion revenue rights for the first half of 2016 for about $46 million
absolute dollars, according to data the grid operator released Thursday.
Kentucky's Owensboro Municipal Utilities planned to restart Unit 1 at its
425-MW Elmer Smith coal-fired power plant Monday afternoon after the unit was
idled on Friday to remove a "clinker" that had formed in the boiler, a utility
Indonesian thermal coal suppliers were seeing some room for low-CV coal
to be imported into the Chinese market, due to low domestic prices that had
priced out seaborne cargoes of mid- to high-cv coal, sources said on Monday.
Kansas City Southern executives said Friday that the short-term outlook
for the utility coal business lacks visibility, as ongoing congestion over the
rail network poses yet another hurdle for the domestic coal industry, already
diminished by low and less volatile natural gas prices and related coal plant
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