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India coal: transport bottlenecks as demand is expected to rise
With Chinese demand for seaborne coal stalling, India has become the great hope of the seaborne coal market....Read More »
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Mozambique Imopetro gets 11 offers for its 6-month term tender for oil products
Mozambique Imopetro has received up to 11 offers in response to its buy
tender for 600,000 mt of 500 ppm gasoil, 60,000 mt of jet fuel and 150,000 mt
of 93 RON gasoline for delivery over July-December, traders said Friday.
North Sea crude grades trade at multi-year low differentials amid high output
North Sea medium-sour crude grade Forties traded at Dated Brent minus
$1.30/b Thursday night, its lowest level since December 2008, after production
from the contributing fields to Forties Blend surprised to the upside, and
planned maintenance in the month was pushed back to October.
China LPG: Falls further on lower Asian spot prices, bearish outlook
Imported and domestically produced LPG fell for the fourth consecutive
week across southern and eastern China this week on the back of lower Asian
prices and bearish outlook, traders said Friday.
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French prompt power prices up on reduced plant availability, colder weather
French prompt power prices edged up on Friday due to lower plant
availability, with temperatures forecast to remain below the seasonal average
until next Thursday, sources said.
German power: Drop in wind lifts May 29; monthly spot average on track for record low
German day-ahead power prices rebounded Thursday as wind output was
forecast to drop Friday, but the monthly spot average for May was still on
track for its lowest level since at least 2003, according to sources.
New York to have enough electric power this summer, stakeholders told
New York will have 3,622 MW, or 10.8%, more generation capacity than
needed under a baseline summer demand forecast, but only 1,327 MW, or 3.7%,
more than what load could be at the 90th percentile, stakeholders learned