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August JKM falls to less than $11/MMBtu
Sellers continued struggling to place the last unsold August cargoes July 8, sending the August Platts Japan Korea Marker to $10.925/MMBtu, down $0.10/MMBtu, while the Northwest Europe Marker closed at...Read More »
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US onshore well count rises 4% year on year to 9,394: Baker Hughes
The US onshore well count rose 4% year on year during the second quarter
of 2014 to 9,394 wells, up 383 wells, a volume that was also up 5%, or 428
wells, from three months earlier, Baker Hughes said in its quarterly well
count on Friday.
S Korea to offer refiners incentives to diversify crude import sources
South Korea will provide financial benefits to local refiners that import
crude oil from sources other than the Middle East as part of it efforts to
diversify following political uncertainties in the region, the energy ministry
IEA forecasts 2015 global oil demand at 94.1 million b/d, up 1.4 mil b/d on 2014
The International Energy Agency sees less need for OPEC crude on the
global market in 2015 than this year as non-OPEC supply is expected to meet
the bulk of rising demand, it said Friday.
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US coal stockpiles finish week at 126 million st: Bentek
The decline in US coal stockpiles for the week ended Thursday, July 10,
slowed as lower temperatures and increased coal production, particularly in
the Powder River Basin, meant US inventories ended the week at 126 million st,
down 1 million st from the prior week, Bentek Energy said Friday.
US weekly coal carloads fall 8.8% week on week, rise 3.4% from year ago: AAR
US coal carloads originated in the week that ended July 5 totaled
101,837, down 8.8% from the prior week because of the Independence Day
holiday, the Association of American Railroads said Thursday.
Ukraine June coal production falls 7.1% on year: official
Ukraine's coal extraction fell 7.1% year on year to 6.25 million mt in
June, down from 6.73 million mt produced in the same month a year ago, an
energy and coal industry ministry official said Thursday, citing preliminary