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The North Sea crude oil market showed mixed signals May 15, while steady buying is seen in the Middle East sour crude market....Read More »
Nigerian oil worker unions at state-owned Nigerian National Petroleum
Corporation and Nigerian Petroleum Development Company have called off a
strike that shut about 100,000 b/d of production for a week, union and company
officials said late Monday.
Vitol and Trafigura, two of the world's biggest commodities traders,
continue to look at boosting earnings by expanding their energy assets at a
time that low oil prices are pushing some oil producers to integrate their own
production and trading operations.
China's April imports of crude oil from Middle East suppliers rose 10%
year on year to a record high of 16.61 million mt or 4.06 million b/d, led by
Saudi Arabian supply, according to detailed data released Saturday by the
General Administration of Customs.
Dutch and German prompt prices inched up Tuesday morning as industrial
demand returned after a long weekend.
By midday UK time, the TTF day-ahead contract for Wednesday last traded
7.5 euro cent higher day on day at Eur20.575/MWh, while corresponding German
GASPOOL and NetConnect were respectively 32.5 euro cent and 12.5 higher on the
day, both at Eur20.775/MWh.
Algeria's Sonatrach must invest more in oil and gas development in order
to raise output amid market uncertainties, the country's prime minister said
The Platts JKM for July delivery -- the new front month-- held its ground
at $7.75/MMBtu over the Asian trading week, as bids and offers remained static
following reported deals.
The global value of carbon pricing instruments stands at $48 billion in
2015, according to a report released Tuesday by the World Bank Group and
consulting company Ecofys.
Wholesale power costs for the first four months of 2015 rose nearly $10
to $64.10/MWh in the PJM Interconnection from $54.29/MWh in January, a
reflection of high demand and energy costs in February, grid operator
spokesman Ray Dotter said Friday.
Germany on Friday sold 3.198 million carbon dioxide allowances at auction
for Eur7.25/mt ($8.11/mt) -- a fresh three-week low.
Colombian coal output in the first quarter of 2015 fell 5% year-on-year
to 23.2 million mt, due to the ongoing nighttime rail restriction on the
Fenoco coal railway, the country's national mining agency (ANM) said late
State-owned Israel Electric Corporation raised gas consumption in its
fuel mix over January-March 2015, with natural gas and LNG representing 42.2%
of its fuel mix compared with 37.8% in the first quarter of 2014, it said
The vessel queue at Australian Newcastle port's three terminals for coal
exports fell to 55 vessels this week from 61 a week earlier, despite four days
of maintenance closing the port's Hunter Valley rail network, the Port
Authority of New South Wales said in a report Monday, May 25.
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