The US fuel oil hi-lo, the spread between US Atlantic Coast 1%S fuel oil and US Gulf Coast 3%S fuel oil, fell below $1/b Thursday for the first time since October on an expected lack of demand for power generation. Platts assessed USAC ...
European exchange-traded gas volume rose to a record in November on the back of a steep increase in NBP and TTF activity, with total gas traded volume rising above 4,000 TWh for the first time in eight months, data compiled by Platts ...
Tags: gas
The Asian gasoil market saw a sharp reversal in fortunes this month as higher exports from India and North Asia and weakness in Europe, despite the cold season, clamped shut arbitrage outflows from Asia, resulting in a buildup in supply ...
Tags: Gasoil, sulfur gasoil
Crude futures settled Thursday at multi-year lows on a stronger US dollar and persistent concerns about oversupply. NYMEX January crude settled down 57 cents at $34.95/b, lowest front-month settle since February 2009. ICE February Brent ...
Tags: Crude, ULSD, crude stocks
Platts assessed spot aluminum premiums on a CIF Japan basis at $90-$100/mt plus London Metal Exchange cash on Tuesday, up from $90-$95/mt plus LME cash on Monday as sellers held on to higher premiums. Two overseas sellers said they would ...
Major iron ore producers will have to cut production like aluminum producers did in 1994 to halt the current slump in spot prices, investment bank Investec said in a note Tuesday. "In our view if iron ore prices prevail at current levels ...
With the approaching Christmas holiday and the typical seasonal construction slowdown, buyers are expecting US rebar prices to remain largely flat through year-end. "Our fabrication division is staying very busy and is not wrapping up by ...
Tax revenue from coal production in the Australian state of Queensland is forecast to rise to A$1.93 billion ($1.4 billion) in fiscal year 2016-2017 (July-June), based on assumptions that hard coking coal prices will average $100/mt in the ...
The amount of natural gas used by UK power stations to generate electricity neared an 11-month high Monday as unfavorable weather conditions for renewable generation technologies led to higher gas-fired generation, figures from the National ...
Restart of nuclear reactors in Japan, growing renewable sources of energy and a slow economy are expected to push down the country's LNG consumption by 2020 by as much as 10.5% from 2014 levels, Eclipse Energy said this week. Japan's LNG ...
Tags: nuclear reactors, LNG
After more than doubling its strategic oil reserves since last year, China may apply the brakes to its buying spree as storage availability is expected to be limited, while a climate of depressed prices will reduce any urgency to snap up ...
Tags: Oil Reserve, crude, oil price
US methanol imports in October were nearly 50% lower than the year-ago month as expanded domestic capacity has impacted import demand, according to data released by a trade group on Thursday. October US methanol imports reached 249,000 ...
Vessel traffic on a two-mile stretch of the Houston Ship Channel resumed at 12:34 pm CDT (1834 GMT) Monday, after a fire on board the Navigator Europa was extinguished, the US Coast Guard said. "The fire is out, all personnel are ...
Tags: Vessel traffic, tanker, fire
The North American coal industry remains negatively positioned for 2016 with thermal coal facing a slow, long-term decline and metallurgical coal prices unlikely to recover within the next 12 months, a Moody's Investors Service note said ...
Atlantic metallurgical coal buyers and miners Friday were positive on the reported $81/mt hard coking coal benchmark, with new spot US offers looking to match or exceed this reference. Some buyers were bracing for a settlement closer to ...
Tags: Atlantic Met Coal, hard coking coal, coke