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US OTC Coal Prices Close Mixed as Market Digests Natural Gas Data

Jun 23, 2014

US over-the-counter thermal coal prices closed mixed on Friday as traders digested the most recent weekly natural gas storage data, which propelled natural gas front-month futures to more than a five-week high in the previous session. The ...

Tags: Natural Gas, thermal coal

ICE August Brent Settled 48 Cents Higher at $112.94/Barrel

Jun 23, 2014

Oil futures held near nine-month highs Monday on concerns that escalating violence in Iraq could spread to the country's oil-producing southern region. ICE August Brent settled 48 cents higher at $112.94/barrel. The front-month contract ...

Tags: Oil Futures, Crude futures

Canada and South Korea Would Remove The Current 3% to 8% Tariff

Jun 23, 2014

A proposed free trade agreement between Canada and South Korea would remove the current 3% to 8% tariff that Canadian oil and gas producers have to pay for exports into that Asian nation, a Canadian government spokeswoman said Monday. ...

Tags: LNG Exports, Oil Exports

US Posted a Second Consecutive Year of Record Oil Production Growth

Jun 23, 2014

The US posted a second consecutive year of record oil production growth in 2013 with its surging shale industry balancing out supply disruptions to underpin an unprecedented period of stable global oil prices, BP said Monday. US output ...

Tags: oil production, oil supply

US Over-The-Counter Thermal Coal Prices Closed Mixed

Jun 23, 2014

US over-the-counter thermal coal prices closed mixed on Monday, with only a handful of trades seen trading in the session. Barged Central Appalachian thermal coal rose 25 cents/st along the 2014-2015 curve, while CAPP rail (CSX) prices ...

Tags: Coal Prices, thermal coal

European Ethylene Hit a 2014 High of Eur1,015/Mt

Jun 23, 2014

European ethylene hit a 2014 high of Eur1,015/mt ($1375/mt) FD NWE Friday, up Eur45/mt on the week, Platts data showed, on the back of reduced availability and an increase in feedstock prices. Naphtha hit a 2014 high of $959/mt CIF NWE ...

Tags: Ethylene, Ethylene prices

US Aluminum Shipments, Stocks See Year-on-Year Increase in May

Jun 23, 2014

US service centers shipped 136,300 mt of aluminum products in May, up 3% compared with the same month in 2013, the Metals Service Center Institute said Tuesday. Shipments in the first five months of 2014 stood at 669,900 mt, up 8.6% from ...

Tags: Aluminum Shipments, aluminum products

Southern's Steam Coal Production Probably Is Better Than Expected

Jun 23, 2014

Southern Coal Corp is seeing an uptick in demand for high-quality steam coal this year, but the metallurgical side of its business continues to lag, which is why the company has temporarily idled its Tams No 1 mine in Raleigh County, West ...

Tags: Steam Coal, steam coal production

Russian Gas Exports to Europe Via Ukraine Are Continuing

Jun 23, 2014

Russian gas exports to Europe via Ukraine are continuing as per normal at about 185 million cubic meters/d, despite an explosion Tuesday afternoon at a Ukrainian gas pipeline, Gazprom deputy chairman Vitaly Markelov said Wednesday. "Gas ...

Tags: Gas Exports, gas pipeline

Statoil & ExxonMobil Increased The Total Volumes of Gas-in-Place

Jun 23, 2014

Norway's Statoil and its partner ExxonMobil have increased the total volumes of gas-in-place at block 2 offshore Tanzania to some 20 Tcf following a new discovery with the Piri-1 well, Statoil said Wednesday. The find, with estimated ...

Tags: ExxonMobil, Norway's Statoil

Australian State of New South Wales to Invest in Mining and Gas Industries

Jun 23, 2014

The government of the Australian state of New South Wales will invest A$50 million ($47 million) in the state's mining and gas industries -- mainly to ensure legal compliance -- NSW resources and energy minister Anthony Roberts said ...

Tags: Mining Industries, Gas Industries

It's Difficult for European Ethyl Acetate Producers to Ramp up Production

Jun 23, 2014

Scarcity of feedstock acetic acid is making it difficult for European ethyl acetate producers to ramp up production and take advantage of spot prices at a three-year high, sources said Tuesday. Spot etac is trading at around ...

Tags: Etac Producers, acetic acid

Kazakhstan's CPC Blend Crude Oil at 23-Month Low Versus Dated Brent

Jun 23, 2014

Kazakhstan's CPC Blend crude has fallen to a 23-month low versus Dated Brent, as weak end-user demand has continued to weigh on values for prompt supplies. CIF Augusta CPC Aframax cargoes were assessed at a $1.73/barrel discount to the ...

Tags: Crude Oil, CPC Blend crude

World Gold Council to Start Forum July 7 on Future of London Gold Fix

Jun 23, 2014

The World Gold Council will host a "discussion forum" starting July 7 regarding the future of the London gold pricing mechanism, the industry body said Wednesday. "The first meeting will be held July 7 in London. The Financial Conduct ...

Tags: London Gold Fix, Gold

US Sheet Steel Deals Are Getting Progressively Tougher

Jun 23, 2014

US sheet steel deals are getting progressively tougher to find as producers find renewed confidence in their order books and their lead times, market sources said Thursday. One service center buyer said $670/st is the most common ...

Tags: Sheet Steel

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