The US styrene-benzene spread narrowed as it remained below $200/mt, assessed at $161.07/mt Tuesday, down $19.52 on the week, according to Platts data. The spread has been below $200/mt for the majority of November, assessed above $200/mt ...
Three VLCC fixtures to lift Forties crude from Hound Point, Scotland, in recent days could hit Aframax freight rates in the North Sea in coming weeks, shipbrokers said Friday. The Al Kout, the Front Page, and the Voyager I were all ...
Tags: Tankers, VLCC Fixtures, crude, Aframaxes
Supramax shipowners are bracing for a tough finale to a disappointing year as limping grain and petcoke trade in the Atlantic fails to support the monstrous weight of available tonnage. That has been keeping freight rates low, while hopes ...
Tags: Supramax shipowners, grain, petcoke
A shipment of ethanol from Brazil left Santos on November 21 and is due to land in Dunkirk, France December 7, according to Platts' trade flow software cFlow. The Chemroad Hope is carrying a combination of 2,500 cum of neutral ethanol, ...
Tags: ethanol, T2 ethanol, neutral ethanol
Mexico will hold its first-ever electricity power auction in March, according to the country's National Center for Energy Control, or CENACE. CENACE on Thursday published an invitation to those interested in bidding in the auction. The ...
Tags: Mexico, Power Auction
In a major development for Western energy markets, NV Energy, Nevada's largest utility, will begin participating in the region's energy imbalance market on December 1. The move, announced late Friday, follows the Federal Energy Regulatory ...
Tags: energy markets, NV Energy
UK day-ahead power prices fell sharply Tuesday, extending Monday's losses as steady demand amid mild weather conditions and stable wind power forecasts weakened the prompt market. Baseload power for Wednesday delivery was last heard ...
Tags: power prices, fuel, Didcot B gas
Thailand's state-owned buyer PTT has deferred the delivery of a tendered LNG cargo until early December because of low downstream consumption, an informed source said Tuesday. PTT bought two cargoes above $6.50/MMBtu from two separate ...
Ukraine will not import Russian natural gas through the end of the year due to weaker domestic demand and sufficient gas reserves, Energy and Coal Industry Minister Volodymyr Demchyshyn said Monday. Ukraine, which resumed Russian gas ...
Tags: Ukraine, Natural Gas, high gas prices
Urals differentials versus the Dated Brent market jumped in both the Mediterranean and Northwest Europe in European trading Tuesday after the full provisional December loading program for the Black Sea port of Novorossiisk proved to be the ...
Tags: Urals cargoes
The Platts JKM for January was down 10 cents over the course of the week to $7.475/MMBtu on Friday, after rolling to become the new front month on Monday, November 16. Buying sentiment for the month continued to soften, with limited ...
Tags: Curtis LNG
The December/January US Gulf Coast 3% sulfur fuel oil swap spread moved to a wider contango on Friday, while market sources searched for a fundamental reason to explain the movement. Platts assessed the December/January 3%S spread at a ...
Tags: sulfur fuel oil, USGC fuel oil
The halving of Algeria's foreign revenues in just a few months has had a brutal impact on the country's economy, Prime Minister Abelmalek Sellal said Sunday, describing the current situation as "difficult." In an interview with state news ...
The Singapore cracking margin against Dubai crude rose to $7.46/b Monday, its widest in 32 months, supported by firmer light distillate cracks and weaker crude, Platts data showed. It has widened from $5/b on November 1, with much of the ...
Tags: Dubai crude, gasoline, sour crude
New Zealand-based dairy cooperative Fonterra will sell its 50% stake in DairiConcepts to US-based cooperative Dairy Farmers of America (DFA) for NZD$196m ($126.7m) . DairiConcepts is the joint venture between Fonterra and DFA. Under ...