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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 »
Angola hopes to achieve its long-held crude production target of 2
million b/d by the beginning of 2016, state oil company Sonangol said Friday.
The Singapore oil products/Dubai crude cracking margin rose 44
cents/barrel day on day to a two-year high of $6.70/b Thursday, February 26,
on stronger gasoline and naphtha refining margins.
The benchmark FOB Singapore 92 RON gasoline crack versus cash Brent rose
to a seven-month high amid bullish sentiment in Asia following prolonged
refinery troubles in the US and steady regional demand ahead of the
second-quarter maintenance season, industry sources said Friday, February 27.
The implementation in Italy of the European gas balancing network code
might lead to the elimination of the g-1 gas balancing segment, as well as
other major changes to how the system works, although the practicalities
remain unclear, vice-chair of the European Federation of Energy Traders-Italy
Ilaria Conti told Platts in an interview Wednesday.
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.
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.
Indian coal imports are set to rise even though domestic production is
increasing, according to the pre-budget Economic Survey 2014-15, which was
presented to parliament Friday by Finance Minister Arun Jaitley.
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.
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