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 »
Colonial Pipeline space strengthened Friday on a more attractive
arbitrage to ship CBOB to the East Coast.
Russia may revoke the so called tax maneuver, which from 2015 cuts oil
export duties but increases the mineral extraction tax, if as a result
gasoline prices soar, chairman of the lower house of parliament, the State
Duma's, energy committee, Ivan Grachev, said Friday.
A decade of Asian strategy aimed at strengthening the bargaining power of
the region's big oil importers is now helping Persian Gulf exporters preserve
market share amid rising competition from rival international suppliers.
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.
UK petrochemicals company Ineos hopes that it could start commercial
shale gas production as early as 2017/19, according to documents released by
the UK government Friday.
The Platts LNG Japan Korea Marker for February closed at $10.075/MMBtu
Friday, down 10 cents from Tuesday, when the JKM rolled and February became
the new prompt month, with buyers in North Asia reporting high storage levels
and weak demand for spot cargoes in January and February.
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.
The US Federal Energy Regulatory Commission is asking a trading fund and
others to respond to allegations that they manipulated PJM Interconnection
energy markets and explain why they should not be required to pay close to
$30 million in civil penalties.
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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