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Stronger LLS, WTI Midland lift LHS differential
The differential for LHS strengthened week-on-week, as demand for light sweet crudes in the region increased, and the cash differentials for LLS and WTI in Midland, Texas, also increased....Read More »
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Yukos spokeswoman confirms settlement with Rosneft, all litigation to cease
Russia's state-controlled oil giant Rosneft has settled all legal
disputes with subsidiary companies of the now defunct Russian oil producer
Yukos, with all parties agreeing not to enter such disputes in the future,
Rosneft said Wednesday.
Nigerian election result lifts veil of uncertainty: oil officials
* Idled oil projects could be revived
* Militant groups welcome Buhari election
* Reduced fear of violence in oil-rich Delta
The reaction Wednesday from the Nigerian oil industry to the election of
former military ruler Muhammadu Buhari has been overwhelmingly positive, with
some officials predicting that some suspended oil projects could be revived
and even the once-feared militant group MEND, or the Movement for the
Emancipation of the Niger Delta, welcoming the result.
Traders expect Saudi Arabia to raise May crude OSP differentials for Asian buyers
Saudi Arabia is widely expected to raise its official selling price
differentials for crude oil loading in May for Asian buyers, in line with a
stronger Dubai market structure as robust refining margins for refiners
underpin regional demand, traders said this week.
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UK POWER: Day-ahead prices jump as wind fades, NBP gas rises
UK day-ahead power contracts rose sharply on Wednesday, posting gains for
the third consecutive day, as higher spot gas prices coupled with fading wind
power generation supported prompt prices, sources said.
Coal burn could increase with Illinois nuclear unit offline: PJM
With the shutdown of Exelon Generation's 1,242-MW Braidwood-1 nuclear
power unit in Braceville, Illinois, this week, there could be an uptick of
coal burn in PJM's power grid, a spokesman with the regional transmission
organization said Tuesday.
GERMAN POWER: Wind, PV combine to push Wed to record low; spot up
German prompt power prices dropped Tuesday to their lowest for a
working-day-ahead in OTC trading outside the Christmas period in at least 10
years as near record-wind power generation combined with some solar
generation, sources said.