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.
The Platts JKM for November delivery was unchanged Thursday, September 18, at $14.60/MMBtu with little supply offered and muted firm demand from most end-users....Read More »
The prompt inter-quarter spreads for gasoil and jet swaps hit multi-year
lows Monday, September 22, reflecting a struggling middle distillates complex
as it grapples with low buying interest and a supply glut.
Kenya expects its crude oil resources to rise to over to 1 billion
barrels due to ongoing appraisal drilling, an official from the Ministry of
Energy said Monday.
Northwest European CIF delivered gasoil cargo prices have fallen to their
lowest premium to FOB delivered barges in more than two months, with continued
selling interest in the larger cargo market while barges remain rangebound.
US residential and commercial natural gas customers can anticipate more
normal temperatures this winter, but the price they pay for gas will be
"slightly higher" than last winter because of the growing competition from
industrial and electric generation users, the American Gas Association said
The exploitation of shale gas in the UK could be a good option for
economic growth and energy security, if it can be extracted at a reasonable
cost and stricter legislation is introduced, a study from the University of
Manchester has suggested.
Natural gas curtailments that have negatively impacted production by
downstream LNG and petrochemical plants in Trinidad are mainly because of less
investment by upstream producers, not maintenance activity, BP Trinidad and
Tobago said Friday.
German day-ahead OTC baseload traded Monday at the highest level since
April as wind power output was forecast to plunge from peaks above 13 GW to
less than 3 GW Tuesday with a second surge in wind forecast later this week
and wind generation possibly peaking above 20 GW overnight into Friday,
according to sources.
California and Quebec will conduct their first joint auction of
greenhouse gas allowances on November 19, the California Air Resources Board
and the Quebec Ministry of Sustainable Development, Environment and the Fight
Against Climate Change said Friday.
UK prompt power prices fell sharply on Friday to close the week on a
bearish note following a strong rally at the start of week 38, as weakening
gas prices and forecasts for rising wind output weighed on the contracts.
Seaborne coking coal contract prices are seen likely to bottom at $118/mt
in the fourth quarter before starting to pick up in 2015 tracking an uptick in
China's property market, ANZ's Head of Commodities Research Mark Pervan told
the International Mining and Resources Conference in Melbourne Tuesday,
Robert Murray, the founder and CEO of US coal miner Murray Energy,
offered a gloomy view of the US thermal coal market at Platts' annual Coal
Marketing Days conference in Pittsburgh Monday, saying that anyone who
believes the US coal industry is poised for a comeback "doesn't understand the
Imported lower to mid-CV thermal coal saw a rise in inquiries from Indian
buyers, while not much activity was seen for higher CV coal, sources said
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