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Natural gas is the fastest growing fossil fuel, with demand rising at the rate of 1.9%/year over the next two decades to reach 490 Bcf/d while oil falls to just...Read More »
Urals values in Northwest Europe and the Mediterranean have tumbled over
the past several sessions as the temporarily tight supply situation that saw
prices pick up throughout the second half of February has eased, sources said.
The FOB Singapore 500 ppm sulfur gasoil swaps structure on the
front-month flipped into backwardation from a contango Monday, March 2, on
outflows to Europe and the Middle East and expected lower supplies during
scheduled refinery maintenance in Asia over March and April, market sources
A record cold spell in the Northeastern US has pushed differentials lower
in the US and European jet markets as a steep backwardation has developed on
both the NYMEX ULSD and ICE gasoil futures markets.
Russian gas giant Gazprom has committed to deliver up to 114 million
cubic meters/day of prepaid and ordered gas to "mutually agreed" points in
Ukraine until the end of March, European Commission vice-president for energy
union Maros Sefcovic said late Monday.
Italy's Snam is proposing the creation of a European stored gas reserve
to ensure countries have enough gas in the event of a supply emergency, the
CEO of Snam, Carlo Malacarne said.
The US average spot monthly natural gas price for March rose 5 cents to
$2.68/MMBtu, Inside FERC's Gas Market Report said Monday.
Texas' main grid operator forecasts hitting a new record peak demand this
summer, and extreme conditions could require planned outages, a new report
shows, but the operator says it has "sufficient ...
German day-ahead power prices remained below Eur30/MWh Monday as strong
wind power output boosted supply with wind levels forecast to average just
below 20 GW on Tuesday, according to sources.
Duke Energy expects US coal markets to be "relatively stable" in the near
term while increased volatility could be in store in the longer term as
producers continue to match output with demand, an official said.
Uskmouth coal-fired power station in Newport, south Wales is back on
National Grid's Transmission Entry Capacity register, indicating possible
plans to convert to biomass, market commentators told Platts Tuesday.
The US over-the-counter thermal coal market continues to weather a tepid
market, as only one physical trade was heard Monday while the financial market
was shut out.
Turkey's bituminous thermal coal imports in January rose 10.5% year on
year to 2.299 million mt, data from the Turkish Statistical Institute showed
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