Skip Navigation LinksHome|News & Analysis|Latest News Headlines

Latest News Headlines
Oil  |  Natural Gas |  Electric Power  |  Coal |  Shipping  |  Petrochemicals |  Metals

Oil

London (Platts)--22Feb2012/959 am EST/1459 GMT
Austria's OMV said Wednesday it plans to return its oil production in Libya this year to levels seen before the 2011 civil war, and even beyond them, as it looks to reignite its production growth after a dismal 2011.
Abuja (Platts)--22Feb2012/725 am EST/1225 GMT
Nigeria Wednesday renewed ExxonMobil licenses for another 20 years on three oil blocks which together produce 500,000 b/d.
Dhaka (Platts)--22Feb2012/632 am EST/1132 GMT
Bangladesh will not commission any more oil-based power plants, as fuel costs have increased making power generation costly, and instead focus on using coal and renewable energy for power in the long term, Bangladesh Power Development Board Chairman ASM Alamgir Kabir said Wednesday.
Singapore (Platts)--22Feb2012/409 am EST/909 GMT
China imported 2.08 million mt (around 492,000 b/d) of crude oil from Iran in January, down 5% year on year, and down 14.3% from the 2.43 million mt imported in December, data released Wednesday by China Customs Statistics showed.
Dhaka (Platts)--22Feb2012/406 am EST/906 GMT
Bangladesh will not commission any more oil-based power plants, as fuel costs have increased making power generation costly, and instead focus on using coal and renewable energy for power in the long term, Bangladesh Power Development Board Chairman ASM Alamgir Kabir said Wednesday.
Previous News

Natural Gas

Assaluyeh, Iran (Platts)--22Feb2012/833 am EST/1333 GMT
Iran's Pars Oil and Gas Company said Wednesday production capacity from the offshore South Pars gas field, an extension of Qatar's North Field, was producing 290 million cubic meters a day and it rejected suggestions that Qatar's gas production was significantly higher than Iran's.
Seoul (Platts)--22Feb2012/647 am EST/1147 GMT
South Korea, the world's second-largest LNG buyer, agreed Wednesday to seek more LNG imports from Australia, the energy ministry said.
Kampala (Platts)--22Feb2012/406 am EST/906 GMT
The Tanzanian ministry of energy and minerals is preparing a bill to regulate the gas sector and expedite natural gas exports, Tanzania's junior minister of energy and mineral development said Wednesday.
Houston (Platts)--21Feb2012/545 pm EST/2245 GMT
Despite current depressed natural gas liquids prices that could persist through June, supplies are unlikely to outpace long-term petrochemical demand as plant expansions and new builds begin to enter operation in the second half of the year, investment banker Raymond James said in a report Tuesday.
Abuja (Platts)--21Feb2012/1011 am EST/1511 GMT
Nigerian oil minister Diezani Alison-Madueke said Tuesday that a new draft of a bill to reform the country's oil and gas industry would be submitted to parliament for consideration within the next six weeks.
Previous News

Electric Power

London (Platts)--22Feb2012/818 am EST/1318 GMT
Prompt contracts on the UK power market firmed slightly Wednesday morning following Tuesday's late gains on NBP gas, but strong selling and a lower outturn on the N2EX exchange due to healthy supply margins capped potential gains, a market source said.
London (Platts)--22Feb2012/741 am EST/1241 GMT
UK energy regulator Ofgem called on the country's 'Big Six' energy suppliers Wednesday to offer 25% of their generated electricity output in mandatory power auctions intended to "drive open the electricity market" and ensure greater accessibility to smaller independent suppliers.
Dhaka (Platts)--22Feb2012/632 am EST/1132 GMT
Bangladesh will not commission any more oil-based power plants, as fuel costs have increased making power generation costly, and instead focus on using coal and renewable energy for power in the long term, Bangladesh Power Development Board Chairman ASM Alamgir Kabir said Wednesday.
Washington (Platts)--21Feb2012/415 pm EST/2115 GMT
The US Nuclear Regulatory Commission on Tuesday released thousands of pages of transcripts from the agency's operations center during the first 10 days following the March 11 Fukushima-1 nuclear accident in Japan.
Washington (Platts)--21Feb2012/357 pm EST/2057 GMT
US nuclear utilities have acquired or ordered more than 300 pieces of "major equipment" to increase the ability of the country's 104 operating nuclear reactors to respond to an extreme event, the industry's trade association said Tuesday.
Previous News

Coal

London (Platts)--22Feb2012/800 am EST/1300 GMT
London AIM-listed resource company Beacon Hill Resources said Wednesday that the definitive feasibility study for the expansion of its Minas Moatize coking coal project in Mozambique's Tete province has been completed, confirming a mine life of 11.5 years.
Dhaka (Platts)--22Feb2012/632 am EST/1132 GMT
Bangladesh will not commission any more oil-based power plants, as fuel costs have increased making power generation costly, and instead focus on using coal and renewable energy for power in the long term, Bangladesh Power Development Board Chairman ASM Alamgir Kabir said Wednesday.
Singapore (Platts)--22Feb2012/410 am EST/910 GMT
Russian steelmaker and miner Severstal is seeking potential acquisitions and potential joint developments of coking coal mines in Southeast Asia, a company official said Wednesday.
Perth (Platts)--21Feb2012/149 am EST/649 GMT
Employees at Port Kembla coal terminal have agreed to cancel their 24-hour strike scheduled for 7:00 am Sydney time Wednesday (2000 GMT Tuesday) through to Thursday morning, after making progress in talks with terminal management Tuesday, said the Construction, Forestry, Mining and Energy Union in a statement.
London (Platts)--20Feb2012/729 am EST/1229 GMT
Polish hard coal companies plan to invest around Zloty 4 billion ($1.26 billion) to build more than 1.2 GW of new, mainly hard coal-fired generation capacity, Rzeczpospolita reported Monday.
Previous News

Shipping

London (Platts)--22Feb2012/728 am EST/1228 GMT
US agribusiness group Archer Daniels Midland Co said Wednesday it and Singapore's Wilmar International have forged a strategic partnership in global fertilizer and ocean freight businesses, and tropical oils refining in Europe.
London (Platts)--22Feb2012/723 am EST/1223 GMT
Freight rates for Aframaxes sailing from the Baltic to Northwest Europe have remained stable since the start of February, despite very cold weather that would normally push them higher, sources said Wednesday.
Tokyo (Platts)--22Feb2012/410 am EST/910 GMT
China's Sinopec Zhejiang Zhoushan Petroleum, or Sinopec Zhoushan, stopped delivering bunker fuel in Shanghai late Tuesday due to heavy fog, a company source said Wednesday.
Singapore (Platts)--21Feb2012/154 am EST/654 GMT
An Aframax tanker laden with South Sudanese crude has been stranded off the coast of Miyazaki in southern Japan as the vessel is unable to unload due to a dispute over the ownership of the cargo, shipping and trading sources said Tuesday.
Bonn (Platts)--21Feb2012/151 am EST/651 GMT
Warmer weather with ice thaw is reopening some stretches of Germany's river and canal systems, closed for shipping by Europe's nearly month-old cold wave, the country's official waterway information service Elwis reported Monday.
Previous News

Petrochemicals

Houston (Platts)--22Feb2012/830 am EST/1330 GMT
Asian benzene fell $1/mt day on day to $1,199.50/mt FOB Korea February 22, amid light trading activity.
London (Platts)--22Feb2012/728 am EST/1228 GMT
US agribusiness group Archer Daniels Midland Co said Wednesday it and Singapore's Wilmar International have forged a strategic partnership in global fertilizer and ocean freight businesses, and tropical oils refining in Europe.
Singapore (Platts)--22Feb2012/427 am EST/927 GMT
China imported 400,133 mt of methanol in January, down 18.1% from December but up 1.9% year on year, according to data released Wednesday by Chinese customs.
Houston (Platts)--21Feb2012/545 pm EST/2245 GMT
Despite current depressed natural gas liquids prices that could persist through June, supplies are unlikely to outpace long-term petrochemical demand as plant expansions and new builds begin to enter operation in the second half of the year, investment banker Raymond James said in a report Tuesday.
Houston (Platts)--21Feb2012/417 pm EST/2117 GMT
Korean polypropylene offers to Peru increased $40/mt over last week, reaching $1,650/mt CFR for homo-polymer and $1,700/mt CFR for co-polymer, market players said Tuesday.
Previous News

Metals

London (Platts)--22Feb2012/816 am EST/1316 GMT
The London Metal Exchange has registered record open interest for cobalt two years after the launch of the minor metal contract, the exchange said Wednesday.
Sydney (Platts)--22Feb2012/412 am EST/912 GMT
Alumina shipments from Australia's Gladstone port have largely been on schedule, despite months of unseasonal high rainfall in the state of Queensland, industry sources said Wednesday.
Palm Springs, California (Platts)--21Feb2012/603 pm EST/2303 GMT
As negotiations continued Tuesday on 2012 zinc treatment charges, industry sources at the International Zinc Conference said the 2012 benchmark TC/RC is likely to be settled below $200/mt, compared with a 2011 TC/RC of $229/mt.
London (Platts)--21Feb2012/1050 am EST/1550 GMT
Rebar and sections producer Celsa's French unit at Boucau on that country's southwest Atlantic coast has applied for approval for billets to be authorized for delivery against the London Metal Exchange futures contract.
London (Platts)--21Feb2012/733 am EST/1233 GMT
World primary aluminium output averaged 69,000 mt/day in January, down from an average of 70,600 mt/day in December but up from 68,900 mt/day in January 2011, according to figures from the International Aluminium Institute.
Previous News


Related Product


Global Alert provides up-to-the-minute developments, price discovery, and market commentary for the world's crude and product market, ensuring you have the critical information you need to make profitable decisions.

Global AlertContact Sales

Related News & Analysis


Energy Spotlight Podcast Archive Oil Roundtable podcastAmericas Oil Markets Podcast Europe Oil Markets Podcast The Barrel BlogPower Lines BlogIndustry Solution PapersTop 250Ask an Editor

Twitter @PlattsCoal on Twitter Twitter @PlattsGas on Twitter Twitter @PlattsPetchems on Twitter Twitter @PlattsMetals on Twitter Twitter @PlattsOil on Twitter Twitter @PlattsPower on Twitter


RSS FeedAdd RSS feed | What is RSS?

 
Contact UsSite MapAbout UsHoliday ScheduleMedia CenterPlatts Privacy PolicyTerms & ConditionsFor AdvertisersChinese SiteRussian Site
>