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 »
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.
Libyan oil production has slipped to around 670,000 b/d as the impact of
the closure of the major Sharara oil field continues to hit the country's
output, although traders said Monday they understood the field could resume
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.
Russia's Gazprom expects gas market trends of recent years -- that saw
its share on the European gas market increasing -- to continue over the next
10 years, despite ongoing changes and stagnation in the markets, CEO Alexei
Miller 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.
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
Some Indonesian thermal coal suppliers who have already received their
export licenses were trying to push up offer prices for October cargoes,
anticipating supply tightness after the new license rules are implemented,
sources said Friday.
China's domestic thermal coal market may not get much support from
pre-winter stocking in the seasonally strong fourth quarter, this year, due to
high stocks at power utilities, which are running on relatively low capacity
amid rich hydropower and a slowing economy, industry sources said Thursday.
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