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Oil | Natural Gas | Electric Power | Coal | Shipping | Petrochemicals | Metals | Agriculture

Oil

London (Platts)--12 Dec 2017 809 am EST/1309 GMT
Brent crude futures hit a two-year high of over $65/b Tuesday as oil markets continued to react to news that the UK's 600,000 b/d Forties oil pipeline will likely remain shut in for a "number of weeks" in order to repair a crack.
Singapore (Platts)--11 Dec 2017 1056 pm EST/356 GMT
Stellar gains posted by several Asian currencies have come to the rescue of various crude oil buyers in the Far East, with South Korean and Thai end-users especially enjoying the benefits of their domestic currency strength as the won and baht appreciation helps to offset the global oil price rise.
Houston (Platts)--11 Dec 2017 612 pm EST/2312 GMT
Differentials for US Gulf Coast light sweet crudes increased Monday, with multiple sources saying it was due to expectations that exports would increase following the closure of one of the UK's largest oil pipelines.
Houston (Platts)--11 Dec 2017 416 pm EST/2116 GMT
The sharp drop in Canadian crude prices last week accelerated Monday amid reports of pipeline and storage restrictions, with the heavy crude benchmark Western Canadian Select at Hardisty falling to the lowest differential in more than three years.
Dhaka (Platts)--10 Dec 2017 843 pm EST/143 GMT
State-run Bangladesh Petroleum Corporation plans to start imports of 10 ppm sulfur gasoil in July 2018, ahead of a government mandate to switch to the ultra low sulfur diesel grade from 2019, a senior BPC official said December 6.
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Natural Gas

London (Platts)--12 Dec 2017 919 am EST/1419 GMT
UK NBP spot natural gas contracts soared Tuesday morning, with the explosion at the key European gas hub of Baumgarten in Austria adding to a bullish environment for the UK gas market.
Tokyo (Platts)--12 Dec 2017 422 am EST/922 GMT
South Korea's move to build LNG stocks in the summer when spot prices were low to a historically high level could indicate that the country might be eyeing storage as a seasonal asset going forward, an analyst at S&P Global Platts Analytics said Friday.
London (Platts)--12 Dec 2017 554 am EST/1054 GMT
An explosion Tuesday at the major European gas hub at Baumgarten in Austria has forced operator OMV to close the facility, with Austrian and Italian gas prices surging in early trading as a result of the blast.
London (Platts)--11 Dec 2017 428 pm EST/2128 GMT
Russia's Novatek said Monday the maiden cargo from its Yamal LNG project that shipped at the weekend had been sold to the UK-based LNG trading subsidiary of Malaysia's state-owned Petronas.
London (Platts)--11 Dec 2017 828 am EST/1328 GMT
Natural gas traded volume on the Dutch Title Transfer Facility hub rose above the 2,000 TWh mark for the first time in eight months in November after solid gains, data released by Dutch TSO Gasunie showed Monday.
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Electric Power

Houston (Platts)--12 Dec 2017 1152 am EST/1652 GMT
Stagnant US electricity demand, lower commodity prices, policy interventions, and continued improvements in renewable energy costs and technologies may increase risks for independent power producers in 2018, which some industry observers say may result in more sector consolidation.
London (Platts)--12 Dec 2017 923 am EST/1423 GMT
UK day-ahead power prices were higher Tuesday, reacting to UK NBP spot natural gas contracts which skyrocketed after news of the explosion at Baumgarten and also the Forties pipeline outage.
Washington (Platts)--11 Dec 2017 609 pm EST/2309 GMT
The Georgia Public Service Commission will decide by December 21 whether Georgia Power will be allowed to charge ratepayers for completion of its two-unit Vogtle nuclear plant expansion, PSC Chairman Stan Wise said Monday.
Washington (Platts)--11 Dec 2017 425 pm EST/2125 GMT
Insisting the 60 days allotted the US Federal Energy Regulatory Commission to act on a grid resilience pricing rule was reasonable given serious threats facing the grid, Energy Secretary Rick Perry has, nevertheless, granted a 30-day extension for action requested by FERC Chairman Kevin McIntyre.
London (Platts)--11 Dec 2017 828 am EST/1328 GMT
French nuclear output remained just below 50 GW Monday on further delays and unplanned outages, data by grid operator RTE shows.
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Coal

London (Platts)--12 Dec 2017 924 am EST/1424 GMT
The volume of thermal coal derivatives traded and cleared on the ICE platform in November dropped 1% month on month to 185 million mt, down 40% year on year, data from energy exchange ICE Futures Europe and electronic trading platform globalCOAL showed Tuesday.
Hanoi (Platts)--12 Dec 2017 548 am EST/1048 GMT
Vietnam was unable to export 2 million mt of coal to China this year as the latter set strict specification for mercury, arsenic, phosphoric, chlorine and fluorine content in imported coal, according to a Vietnam Ministry of Industry and Trade's letter obtained by S&P Global Platts Tuesday.
Brussels (Platts)--11 Dec 2017 435 pm EST/2135 GMT
The European Commission plans to help EU coal regions to diversify into renewables, advanced coal technology and become more energy efficient, it said as part of an initiative launched Monday.
Houston (Platts)--8 Dec 2017 600 pm EST/2300 GMT
US coal train loadings increased significantly week on week in the Appalachian basins to lift nationwide totals to a three-month high.
Singapore (Platts)--8 Dec 2017 302 am EST/802 GMT
China imported 22.05 million mt of coal in November, including lignite, thermal and metallurgical material, up 3.62 % from October but down 18.24% year on year, according to preliminary data released Friday by China's General Administration of Customs.
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Shipping

London (Platts)--12 Dec 2017 926 am EST/1426 GMT
Liftings of propane and butane exports from Ineos' Grangemouth, Scotland, export terminal are expected to be delayed for weeks following a shutdown of the UK Forties oil pipeline Monday evening, according to market sources.
Singapore (Platts)--12 Dec 2017 202 am EST/702 GMT
Global energy major Shell is investigating claims of unethical dealings including charges of corruption in its tanker chartering team in Singapore and at least one employee has been asked to take leave pending further investigation, sources familiar with the developments have told S&P Global Platts.
Houston (Platts)--11 Dec 2017 430 pm EST/2130 GMT
Russia's Lukoil has booked the Gener8 Nautilus VLCC to keep up to 2 million barrels of crude offshore in floating storage prior to the end of the year, when refiners generally aim to draw down their inventories to reduce tax obligations, sources said Monday.
London (Platts)--11 Dec 2017 830 am EST/1330 GMT
Gasoline flows to the US and east coast of Canada from Europe and arriving in December so far amount to around 460,000 mt, according to data Monday from S&P Global Platts trade flow software cFlow.
Houston (Platts)--8 Dec 2017 558 pm EST/2258 GMT
The cost of carrying clean petroleum products on Medium Range tankers on the short-haul US Gulf Coast-East Coast Mexico and the USGC-Caribbean routes rose 62% and 33%, respectively, during the week of December 4-8, marking a significant shift in the period after Thanksgiving.
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Petrochemicals

London (Platts)--12 Dec 2017 926 am EST/1426 GMT
European truck prices for solvent toluene are coming under pressure this week as producers seek to manage their inventory ahead of the new year, market sources said Tuesday.
Houston (Platts)--11 Dec 2017 1048 pm EST/348 GMT
US OLEFINS
Singapore (Platts)--11 Dec 2017 1029 pm EST/329 GMT
A fire that broke out Sunday at Shell Singapore's complex did not affect its petrochemical plants, market sources said Tuesday.
Houston (Platts)--11 Dec 2017 605 pm EST/2305 GMT
Enterprise Products Partners plans to begin maintenance Monday on the Splitter I propylene unit at its Mont Belvieu, Texas, natural gas liquids complex, the company said in a filing.
London (Platts)--11 Dec 2017 421 pm EST/2121 GMT
Petkim has increased its polyvinyl chloride prices, sources say.
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Metals

London (Platts)--12 Dec 2017 1252 pm EST/1752 GMT
Swiss-based trading house and miner Glencore plans the progressive ramp-up of its Lady Loretta zinc mine in Queensland, Australia, in the first half of 2018, the company said Tuesday on an investors conference call.
Tokyo (Platts)--12 Dec 2017 928 am EST/1428 GMT
The winning bid in Tuesday's monthly auction for Japanese H2 grade ferrous scrap for export from Tokyo Bay by the end of January was up Yen 4,126/mt ($36/mt) from last month's highest bid, the auction organizer said.
London (Platts)--12 Dec 2017 927 am EST/1427 GMT
ArcelorMittal has increased offers for all new coil orders, with hot rolled coil offers in Western Europe up Eur20/mt to Eur580/mt ex-works Ruhr, according to sources.
Tokyo (Platts)--12 Dec 2017 539 am EST/1039 GMT
London Metal Exchange aluminum stocks on December 8 posted the first increase since November 15 globally, due to more stocks in Port Klang warehouses in Malaysia, LME data showed.
Pittsburgh (Platts)--11 Dec 2017 418 pm EST/2118 GMT
November aluminum mill product orders in North America declined 3.6% compared with October and 0.2% from November 2016's total, according to the Aluminum Association.
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Agriculture

Sao Paulo (Platts)--12 Dec 2017 929 am EST/1429 GMT
Brazilian agriculture supply agency Conab has slightly cut its forecast for the country's 2017-18 corn crop by 120,000 mt compared with its November estimate and increased the soybean crop forecast by 1.6 million mt, according to the agency's monthly report released Tuesday.
London (Platts)--12 Dec 2017 917 am EST/1417 GMT
Neste's additional production capacity for biofuels and raw material processing is to be based in Singapore, the Finland-based company said Tuesday.
Singapore (Platts)--11 Dec 2017 1057 pm EST/357 GMT
Australia's wheat exports in the 2017-2018 (October-September) marketing year are expected to fall 24% year on year to 16.8 million mt, in line with lower production, the Australian Bureau of Agricultural and Resource Economics said in a report released on Monday.
Houston (Platts)--11 Dec 2017 440 pm EST/2140 GMT
Brazil's Center-South region crushed a season-low 15.225 million mt of sugarcane in the second half of November, down 22.6% from 19.682 million mt in the same period a year ago and the lowest half-month output since 7.963 million mt was crushed in the second half of March, industry association UNICA said Monday.
London (Platts)--11 Dec 2017 831 am EST/1331 GMT
The premium of FAME 0 biodiesel to front-month ICE gasoil futures neared a 31-month low Friday, dropping $26 to $246.25/mt FOB ARA, while the RME premium fell to a near eight-month low at $380.50/mt FOB ARA, down $38.50, both on weaker vegoils.
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