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The North Sea crude oil market showed mixed signals May 15, while steady buying is seen in the Middle East sour crude market....Read More »
Oil futures settled lower Tuesday as a stronger US dollar and slowdown in
the US oil rig count outweighed the risks from persistent fighting in the
Amid the global fall in oil prices, Ecuador is negotiating deferral of
payments to private oil companies it has pledged to pay fees per extracted
barrel, the oil ministry reported Monday.
Nigerian oil worker unions at state-owned Nigerian National Petroleum
Corporation and Nigerian Petroleum Development Company have called off a
strike that shut about 100,000 b/d of production for a week, union and company
officials said late Monday.
Chinese LNG imports gained 12% year on year to reach 1.5 million mt in
April, General Administration of Customs data released late Tuesday showed.
A recent favorable decision by the US Department of Energy means a
proposed project designed to export up to 10 million mt/year of LNG from the
coast of Nova Scotia needs only two more export permit approvals, the project
developer said Tuesday, adding it continues to target first gas in early 2020.
Dutch and German prompt prices inched up Tuesday morning as industrial
demand returned after a long weekend.
By midday UK time, the TTF day-ahead contract for Wednesday last traded
7.5 euro cent higher day on day at Eur20.575/MWh, while corresponding German
GASPOOL and NetConnect were respectively 32.5 euro cent and 12.5 higher on the
day, both at Eur20.775/MWh.
The global value of carbon pricing instruments stands at $48 billion in
2015, according to a report released Tuesday by the World Bank Group and
consulting company Ecofys.
Wholesale power costs for the first four months of 2015 rose nearly $10
to $64.10/MWh in the PJM Interconnection from $54.29/MWh in January, a
reflection of high demand and energy costs in February, grid operator
spokesman Ray Dotter said Friday.
Germany on Friday sold 3.198 million carbon dioxide allowances at auction
for Eur7.25/mt ($8.11/mt) -- a fresh three-week low.
Poor market conditions are preventing Alliance Resource Partners from
bringing online nearly 5 million st of thermal coal this year at several
operations, including its new Gibson South underground mine in southern
Indiana, according to Joseph Craft III, the company's president and CEO.
Colombian coal output in the first quarter of 2015 fell 5% year-on-year
to 23.2 million mt, due to the ongoing nighttime rail restriction on the
Fenoco coal railway, the country's national mining agency (ANM) said late
State-owned Israel Electric Corporation raised gas consumption in its
fuel mix over January-March 2015, with natural gas and LNG representing 42.2%
of its fuel mix compared with 37.8% in the first quarter of 2014, it said
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