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New York (Platts)--8 Dec 2016 539 pm EST/2239 GMT
Crude oil futures settled higher Thursday, with traders focused on a meeting in Vienna Saturday between OPEC and non-OPEC countries to discuss further cuts in oil production.
New York (Platts)--8 Dec 2016 241 pm EST/1941 GMT
South Korea is at the top of the list for Continental Resources as it mulls over potential export destinations for crude and condensates, chairman and CEO Harold Hamm said Thursday.
New York (Platts)--8 Dec 2016 214 pm EST/1914 GMT
US shale oil producers and OPEC can avoid another showdown after 2017, and there doesn't need to be a further bruising battle for market share between oil producers, Harold Hamm, chairman and CEO of Continental Resources, said Thursday.
Moscow (Platts)--8 Dec 2016 100 pm EST/1800 GMT
Russia has agreed to sell a 19.5% stake in Rosneft for Eur10.5 billion ($11.3 billion) to a consortium of the Qatar Investment Authority and trader Glencore in a major boost for Moscow as it looks to sidestep the impact of Western sanctions.
New York (Platts)--8 Dec 2016 1123 am EST/1623 GMT
US production of crude oil will take around 18 months to recover to the multi-decade highs seen in 2015, and total US production is unlikely to change much throughout 2017 from the current rate of around 8.6 million b/d, Harold Hamm, chairman and CEO of energy group Continental Resources, said Thursday. Speaking at the S&P Global Platts Global Energy Outlook Forum in New York, Hamm said OPEC appeared to be targeting a crude oil price of between $50/b and $65/b, as part of its broad agreement to curtail production from 2017, and noted that WTI and Brent crude futures had been trading at around $55/b in recent days.
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Natural Gas

New York (Platts)--8 Dec 2016 617 pm EST/2317 GMT
Continental Resources has no plans at the moment to lay on hedges for its crude oil production, but it is keeping an eye on market values and may do some hedging in the future, chairman and CEO Harold Hamm said Thursday.
London (Platts)--8 Dec 2016 759 am EST/1259 GMT
Natural gas traded volumes on the Central European Gas hub in November dipped 1.3% month on month to 57.34 TWh, to be 37% higher year on year, Vienna-based CEGH said.
Tokyo (Platts)--8 Dec 2016 431 am EST/931 GMT
Jera Co, a joint venture between Japan's Chubu Electric and Tokyo Electric Power Co, is expected to receive its first cargo from US Sabine Pass in early January, Jera said Thursday.
Houston (Platts)--7 Dec 2016 606 pm EST/2306 GMT
After trading in positive territory for much of Wednesday, the NYMEX January natural gas futures contract slid 3.2 cents to settle at $3.603/MMBtu as the market consolidates ahead of the US Energy Information Administration's weekly gas storage report.
London (Platts)--7 Dec 2016 922 am EST/1422 GMT
The price of oil-indexed Russian gas is expected to rise through the course of 2017 following the recent oil price rally triggered by the decision by OPEC and non-OPEC countries to cut production from the start of next year, according to an S&P Global Platts analysis.
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Electric Power

Houston (Platts)--8 Dec 2016 621 pm EST/2321 GMT
The Midcontinent Independent System Operator Board of Directors on Thursday approved the system's latest transmission expansion plan with 383 new projects spread across the grid operator's sprawling footprint, estimated to cost almost $2.7 billion.
London (Platts)--8 Dec 2016 835 am EST/1335 GMT
German onshore wind power developers will add over 4 GW of new capacity in 2016 with total installed onshore capacity already rising above 45 GW after 3.1 GW were added in the first nine months of the year, wind research group Fachagentur Windenergie an Land said Thursday in a study.
Washington (Platts)--7 Dec 2016 608 pm EST/2308 GMT
Illinois Governor Bruce Rauner signed into law Wednesday energy legislation that would provide support for Exelon's economically struggling nuclear power plants in the state.
London (Platts)--7 Dec 2016 939 am EST/1439 GMT
German day-ahead prices fell further Wednesday as wind output was forecast to rise above 20 GW, with the baseload contract down 42% over the past two sessions.
Louisville, Kentucky (Platts)--6 Dec 2016 558 pm EST/2258 GMT
New York is launching an extensive review of competitive power and natural gas markets with an eye to eventual reforms that could change the way energy marketers operate in the state.
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Louisville, Kentucky (Platts)--8 Dec 2016 612 pm EST/2312 GMT
Vigo Coal's new owner wants to reopen the Friendsville thermal coal surface mine in Wabash County, Illinois, an official with the Illinois Office of Mines and Minerals said Thursday.
London (Platts)--8 Dec 2016 837 am EST/1337 GMT
Combined coal stocks at three delivery terminals in Western Europe's Amsterdam-Rotterdam-Antwerp trading hub rose for the first time in over six weeks, with inventories up 5.9% on the week at 3.8 million mt.
Sydney (Platts)--7 Dec 2016 1137 am EST/1637 GMT
Coal exports from Australia's North Queensland were little changed year on year or month on month in November, as an uptick in shipments from the Hay Point Coal Terminal offset a decline from the Dalrymple Bay Coal Terminal, the North Queensland Bulk Ports Corp, or NBPQ, said Wednesday.
New York (Platts)--6 Dec 2016 548 pm EST/2248 GMT
A Donald Trump White House will likely give a boost for the US coal industry and do away with key current and pending environmental regulations, but significant policies need to be put in place to make long-term improvements to the coal business, industry executives said Tuesday.
Hunan, China (Platts)--6 Dec 2016 940 am EST/1440 GMT
Freight rates for shipping coal from northern China's Qinhuangdao port to the other Chinese ports of Zhangjiagang, Shanghai and Guangzhou in eastern and southern China eased in the week to Tuesday, port operator Qinhuangdao Port said.
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London (Platts)--8 Dec 2016 903 am EST/1403 GMT
The Bosporus Strait is closed to tanker traffic due to a broken down vessel, shipping agents said Thursday.
London (Platts)--7 Dec 2016 1138 am EST/1638 GMT
The port of Gibraltar has suspended bunkering operations because of bad weather, a spokesman for the port authority said Wednesday.
Houston (Platts)--6 Dec 2016 600 pm EST/2300 GMT
Suppliers of marine fuel in Ecuador and Chile raised prices on Tuesday to take advantage of a lack of product in neighboring Peru.
London (Platts)--6 Dec 2016 943 am EST/1443 GMT
Greek seafarers are staging a strike Tuesday to Thursday across the country, the union announced, with previous such strikes affecting bunkering operations at Greece's main port of Piraeus.
Singapore (Platts)--6 Dec 2016 942 am EST/1442 GMT
The Hong Kong bunker fuel market is likely to be supported in December on firm demand and tight supply, traders said Tuesday, with the market maintaining the upward momentum that started in earnest in November.
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Houston (Platts)--8 Dec 2016 618 pm EST/2318 GMT
Brazilian chlor-alkali and caustic soda producer Unipar Carbocloro's acquisition of Argentinian poly-vinyl chloride maker Solvay Indupa has received clearance from Brazilian regulators, parent company Solvay said Wednesday.
London (Platts)--8 Dec 2016 906 am EST/1406 GMT
The European spot methanol market surged to a 16-month high Wednesday, tracking the soaring Asian market, setting a bullish stage for the negotiations of the first quarter contract price.
Singapore (Platts)--8 Dec 2016 126 am EST/626 GMT
The Asian benzene-naphtha spread widened to hit a two-year high on Wednesday when it was assessed at $387.50/mt, wider by $37.375/mt day on day, amid surging benzene.
Houston (Platts)--7 Dec 2016 622 pm EST/2322 GMT
US prompt-month pricing rose to a 16-month high Wednesday on factors that included Asia's atypical premium over US spot benzene pricing, which had sparked some interest in the US to send benzene that way; low imports into the US and a strong derivative styrene market, sources said.
London (Platts)--7 Dec 2016 1140 am EST/1640 GMT
Supply of polypropylene from Polychim's plant in Dunkirk, France, has resumed, a company source said Wednesday.
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Pittsburgh (Platts)--8 Dec 2016 623 pm EST/2323 GMT
The $40/st US sheet steel mill price increases announced last week have started to take hold, although buyers still do not feel prompted to make any purchases, sources said Thursday.
Singapore (Platts)--8 Dec 2016 922 am EST/1422 GMT
China offers for 75% Si ferrosilicon were unchanged week on week at high levels, but sources said prices outside China are still going up on tight supply.
Tokyo (Platts)--8 Dec 2016 341 am EST/841 GMT
Global aluminum producer Alcoa has asked its Japanese buyers on annual term contracts to cancel December shipments, following a recent power outage at its Portland smelter in Australia, the buyers said Thursday.
Louisville, Kentucky (Platts)--7 Dec 2016 619 pm EST/2319 GMT
Sherwin Alumina's top executive estimates it will cost about $7.95 million to maintain a bauxite refining waste disposal site containing toxic "red mud" over the next three years at the bankrupt company's recently closed 1.65 million mt/year refinery near Gregory, Texas.
Pittsburgh (Platts)--7 Dec 2016 612 pm EST/2312 GMT
The US Department of Commerce found practically no applicable preliminary duty margins for rebar produced by Mexico's Deacero and Grupo Simec and Turkey's Icdas in separate administrative reviews.
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Houston (Platts)--8 Dec 2016 618 pm EST/2318 GMT
S&P Global Platts Thursday assessed Chicago Argo ethanol at a nearly two-year high, as low stocks and robust exports continued to support the market.
Singapore (Platts)--8 Dec 2016 904 am EST/1404 GMT
India has removed its 10% import duty on wheat with immediate effect, finance minister Arun Jaitley told parliament Thursday, according to local news reports.
Houston (Platts)--7 Dec 2016 607 pm EST/2307 GMT
US rail transportation of grain products for the week ended December 3 totaled 25,002 cars, up 8.5% from the corresponding week a year ago, the Association of American Railroads said Wednesday.
Singapore (Platts)--7 Dec 2016 148 am EST/648 GMT
The Philippines' bioethanol reference price continued to march lower to hit Peso 58.09/liter ($1.17/l) in November -- a fresh 2016 low -- down Peso 0.36/l from October, according to data released by the Philippines' Sugar Regulatory Administration early this week.
Santos, Brazil (Platts)--6 Dec 2016 553 pm EST/2253 GMT
The volume of sugarcane crushed in Brazil's Parana state in the second half of November was 993,194 mt, up 79% compared with the year-ago period, but down 52.25% compared with 2.08 million mt in the previous two weeks, data from the Bioenergy Producers Association of Parana, or Alcopar, showed Tuesday.
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