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Punta del Este, Uruguay (Platts)--25 Apr 2017 556 pm EDT/2156 GMT
Argentina, Bolivia, Uruguay and other countries in Latin America and the Caribbean are seeking to drum up investment to widen exploration and boost oil and natural gas production, industry officials said Tuesday.
London (Platts)--25 Apr 2017 1008 am EDT/1408 GMT
Nigeria's state-owned Nigerian National Petroleum Corporation is drafting a preliminary list of recipients for the country's much-delayed direct sale of crude oil and direct purchase of products program (DSDP) for 2017, but details on allocated volumes and specification changes are still being decided, sources said Tuesday.
Singapore (Platts)--25 Apr 2017 1006 am EDT/1406 GMT
Following the sharp decline in Far East Russian crude premiums last month, suppliers of Sokol, Sakhalin Blend and ESPO Blend crude found some respite in recent weeks, as demand from North Asian end-users improved, market participants said on Tuesday.
Washington (Platts)--25 Apr 2017 248 am EDT/648 GMT
Ahead of his 100th day in the White House on Saturday, President Trump is expected this week to unveil details of major policy initiatives, including executive orders aimed at expanding oil and natural gas drilling in federal waters and an outline of his tax reform goals.
Fort Worth, Texas (Platts)--24 Apr 2017 140 pm EDT/1740 GMT
Perhaps the most surprising sign of a recovery in the US onshore drilling industry has been the abrupt about-face for day rates, an analysis by RigData, a unit of S&P Global Platts, showed Friday.
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Natural Gas

Washington (Platts)--25 Apr 2017 535 pm EDT/2135 GMT
Against a backdrop of a seemingly glutted global LNG market and continued concerns about the impact on US natural gas prices, the Department of Energy on Tuesday turned thumbs up on a plan by Golden Pass Products to export domestically produced LNG to countries that do not have a free trade agreement with the US.
Houston (Platts)--25 Apr 2017 1016 am EDT/1416 GMT
Coming off a two-year period of belt-tightening the first-quarter earnings of some North American exploration-and-production companies are expected to reflect the first signs of new gas production growth, but that growth is conditional upon the basins where the producer operates and the individual company's economic circumstances going into the quarter.
London (Platts)--25 Apr 2017 1012 am EDT/1412 GMT
Near-term UK wholesale natural gas prices crept lower early Tuesday with an increased reliance on storage withdrawals compensating for high demand, with the NBP curve tracking higher after having fallen lower on the open.
Singapore (Platts)--25 Apr 2017 1010 am EDT/1410 GMT
State-owned Petrobangla is still eyeing the purchase of Chevron's three upstream fields in Bangladesh, which account for 58% of the energy-starved country's gas output, after the US-based major announced Monday an agreement to sell them to Chinese joint venture Himalaya Energy.
Singapore (Platts)--24 Apr 2017 142 pm EDT/1742 GMT
US-based Chevron has agreed to sell the shares of its wholly owned subsidiaries operating three upstream fields in Bangladesh, which account for nearly 58% of the country's gas production, to Chinese joint venture Himalaya Energy, the US major said in a statement Monday.
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Electric Power

Louisville, Kentucky (Platts)--25 Apr 2017 544 pm EDT/2144 GMT
Indianapolis Power & Light's thermal coal inventory is within target levels and is expected to continue decreasing as the year goes on, according to a new regulatory filing.
London (Platts)--24 Apr 2017 855 am EDT/1255 GMT
Day-ahead power prices in the UK market declined on Monday as expectations for strong electricity generation from wind and solar farms offset the bullish influence of rising gas prices and colder-than-normal temperatures, traders said.
Mexico City (Platts)--24 Apr 2017 854 am EDT/1254 GMT
Mexico's Solar Energy Association (ANES) expects that after six years of triple-digit growth rates, the growth of rooftop solar in the country will slow in 2017.
London (Platts)--21 Apr 2017 931 am EDT/1331 GMT
Germany's energy ministry has set out details for the planned auctions for combined-heat-power plants (CHPs) with up to 50 MW capacity, with 100 MW on offer in the first auction set for December.
Portland, Maine (Platts)--20 Apr 2017 436 pm EDT/2036 GMT
The California Independent System Operator is curtailing growing amounts of renewable generation, Mark Rothleder, the grid operator's vice president for market quality and integrating renewables, said.
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Louisville, Kentucky (Platts)--25 Apr 2017 536 pm EDT/2136 GMT
Idled since third-quarter 2016, ERC Mining Indiana's Gold Star underground thermal coal mine in Greene County, Indiana, could be poised to resume production soon.
London (Platts)--25 Apr 2017 1020 am EDT/1420 GMT
Profit margins for coal-fired power plants to produce electricity for delivery in Germany next year have rebounded and reached their highest level this year, S&P Global Platts data showed.
Portland, Maine (Platts)--24 Apr 2017 900 am EDT/1300 GMT
Driven by economics, Public Service Co of New Mexico plans to exit all its coal-fired generation by 2031, according to a draft integrated resource plan released April 20.
Sydney (Platts)--24 Apr 2017 404 am EDT/804 GMT
BHP Billiton Mitsubishi Alliance will invest $204 million to speed up the process of ramping up production at its new Caval Ridge coking coal processing plant in Queensland, Australia, to 10 million mt/year, BHP Billiton said Friday.
London (Platts)--20 Apr 2017 421 pm EDT/2021 GMT
Atlantic metallurgical coal markets Thursday saw another round of price decreases for US coals, with more buyer anticipation of price falls for later-loading cargoes and limited bid interest, sources said.
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Houston (Platts)--25 Apr 2017 546 pm EDT/2146 GMT
The bunker fuel market in Chile's Valparaiso port is operating normally after the 6.9 magnitude earthquake that hit the area on Monday, according to fuel suppliers and traders there.
Singapore (Platts)--25 Apr 2017 1021 am EDT/1421 GMT
India may consider raising foreign currency denominated debt for development of its ports and inland waterways as part of its plans to lower transportation costs, generate employment and accelerate economic growth, the country's Minister for Road Transport, Highways and Shipping said Monday.
London (Platts)--25 Apr 2017 1021 am EDT/1421 GMT
Rotterdam delivered 380 CST bunker fuel oil premiums against benchmark 3.5% FOB Rotterdam barges surged to $10/mt Monday, gaining $7.75/mt from last Friday on the back of firmer buying interest and amid a weak FOB Rotterdam barge market.
Singapore (Platts)--25 Apr 2017 307 am EDT/707 GMT
India is fast-tracking its plans to complete two new terminals at Iran's Chabahar port with the tendering process already underway, India's transport minister said Monday.
Houston (Platts)--24 Apr 2017 1250 pm EDT/1650 GMT
Eyes from both the maritime and petroleum industries turned toward the Atlantic Ocean late last week when it was reported a ship loaded with unleaded gasoline en route to New York had been diverted to a Caribbean storage hub.
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Singapore (Platts)--25 Apr 2017 540 pm EDT/2140 GMT
The high density polyethylene arbitrage from China to the US looks set to close after being open since mid-February, industry sources said Tuesday.
London (Platts)--25 Apr 2017 1022 am EDT/1422 GMT
European spot cracker margins have managed to sustain values this month, climbing a marginal 0.2% since the beginning of April, to be assessed Monday at Eur902.51/mt (about $983/mt).
Singapore (Platts)--25 Apr 2017 452 am EDT/852 GMT
PTT is on track to start commercial operations at its new 400,000 mt/year metallocene C6 linear low density polyethylene plant at Map Ta Phut, Thailand, in the first quarter of 2018, a company source said Tuesday.
Houston (Platts)--25 Apr 2017 257 am EDT/657 GMT
Polymer import spot prices are expected to continue to fall in some key South American Pacific Coast markets affected by record-setting flooding in March and April, regional sources have said recently.
London (Platts)--24 Apr 2017 938 am EDT/1338 GMT
The European Commission is set to reject a request to place anti-dumping duties on imports of purified terephthalic acid from South Korea, market sources said Friday.
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Sydney (Platts)--26 Apr 2017 108 am EDT/508 GMT
The Goonyella coal rail system in Queensland Australia, which connects the world's largest metallurgical coal supply basin carrying prized Australian premium coking coal and PCI materials, has reopened after being closed in late March due to impact from Tropical Cyclone Debbie, operator Aurizon said Wednesday.
Washington (Platts)--25 Apr 2017 554 pm EDT/2154 GMT
Freeport-McMoRan executives said Tuesday they will stop the Grasberg underground block-cave mine expansion in Indonesia unless an agreement on exports and divestments can be reached with the government.
Pittsburgh (Platts)--25 Apr 2017 550 pm EDT/2150 GMT
US Steel reported a $180 million net loss for the first quarter with losses in the flat-rolled steel and tubular segments, the company said Tuesday.
London (Platts)--25 Apr 2017 1023 am EDT/1423 GMT
Alcoa Corp has trimmed its aluminum supply surplus forecast for 2017 to 300,000-700,000 mt from its previous forecast of 400,000-800,000 mt, the US producer said late Monday.
Dusseldorf (Platts)--25 Apr 2017 1024 am EDT/1424 GMT
Global coking coal prices are expected to fall further as additional supply comes into the market, outpacing the effect of any further mine restrictions which may be imposed in China, consultants Wood Mackenzie said Tuesday.
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Houston (Platts)--25 Apr 2017 538 pm EDT/2138 GMT
Valero will continue to push the US Environmental Protection Agency to move the point of obligation under the Renewable Fuel Standard despite lower costs in the first quarter, the company said Tuesday. "While RIN prices have declined since 2016, there's still significant headwind," said Valero CEO Joe Gorder in the company's first-quarter earnings call.
London (Platts)--25 Apr 2017 1029 am EDT/1429 GMT
Stock levels for FAME 0 have remained high in the Amsterdam-Rotterdam-Antwerp region as continued low water levels on the Rhine have resulted in logistical constraints moving product from the blending hub.
Houston (Platts)--24 Apr 2017 147 pm EDT/1747 GMT
The amount of US corn inspected for export in the week ended Thursday rose 9% on the week to 1.454 million mt, US Department of Agriculture data showed Monday.
London (Platts)--24 Apr 2017 947 am EDT/1347 GMT
Russian wheat exports in the 2016-17 marketing year to April 19 were up 5.71% year-on-year to 23.003 million mt, ministry of agriculture data showed Monday.
Sao Paulo, Brazil (Platts)--20 Apr 2017 427 pm EDT/2027 GMT
Argentinian ethanol sales in February rose 25% on the year to 84.87 million liters, which was down 6% from January, data from the ministry of energy and mines showed.
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