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 »
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
Russia's oil companies remain relatively stable against the backdrop of
the recent dramatic fall in oil prices due to low upstream margins but should
crude prices fall below $50/b there would be negative developments for the
Russian oil sector, according to energy minister Alexander Novak.
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.
The NYMEX January natural gas futures contract fell 17.8 cents to settle
Friday at $3.464/MMBtu on moderate weather forecasts and gas stocks that are
above year-ago levels.
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.
Rail shipments of sub-bituminous coal to Otter Tail Power's 475-MW Big
Stone power plant in South Dakota are improving now that BNSF Railway has
resumed a third train for deliveries, an Otter Tail spokeswoman said Thursday.
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
US railroads originated 119,710 coal carloads during the week ended
December 13, up 7.8% from the corresponding week a year ago, the Association
of American Railroads said Thursday.
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