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Washington (Platts)--20 Jan 2017 1254 pm EST/1754 GMT
President Donald Trump's inauguration Friday may prove to be the start of the most significant shift in the direction of oil policy in decades.
London (Platts)--20 Jan 2017 1040 am EST/1540 GMT
The monitoring committee meeting between OPEC and non-OPEC countries in Vienna this weekend is likely be light on further details about their output restraint agreement and heavy on a show of solidarity, but it could be that very collective goodwill that is key to ensuring compliance and bringing about a faster oil market rebalancing.
Lagos (Platts)--20 Jan 2017 739 am EST/1239 GMT
The Nigerian National Petroleum Corporation has called for tenders under its direct sale, direct purchase import model, an NNPC spokesman said Friday.
Singapore (Platts)--20 Jan 2017 202 am EST/702 GMT
Asia is gearing up to witness new refining capacity growth in at least four countries in 2017, but capacity reductions in some top consuming nations will pull down the net addition to a level that would be lower than the anticipated demand growth the region is likely to see this year.
Houston (Platts)--19 Jan 2017 740 pm EST/040 GMT
The US Gulf Coast ULSD cash differential rebounded Thursday after a bearish stock report from the US Energy Information Administration, aided by the continued slowing of exports and closed arbitrages in the domestic market.
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Natural Gas

Washington (Platts)--20 Jan 2017 312 pm EST/2012 GMT
Donald Trump took the oath of office Friday promising to bring jobs back to the US and put America first in matters of trade and foreign affairs.
Washington (Platts)--20 Jan 2017 121 pm EST/1821 GMT
An "American First Energy Plan" posted to the White House's website as US President Donald Trump took office Friday promises to "embrace the shale oil and gas revolution."
Algiers (Platts)--20 Jan 2017 741 am EST/1241 GMT
Algeria's state-owned Sonatrach has met all its French LNG supply contractual obligations, a company source said late Thursday, despite having suffered a three-week unplanned outage at its main Skikda LNG facility.
Sydney (Platts)--20 Jan 2017 541 am EST/1041 GMT
Australia's Woodside Energy is forecasting slightly higher LNG production year on year in 2017, driven by the expected start-up of its Wheatstone project.
Santiago (Platts)--19 Jan 2017 550 pm EST/2250 GMT
Chile and Argentina are advancing in talks to agree on reciprocal exchanges of electricity and natural gas between the two countries, Chilean Energy Minister Andres Rebolledo said Thursday.
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Electric Power

Washington (Platts)--20 Jan 2017 224 pm EST/1924 GMT
As President Donald Trump takes office, the power and natural gas sectors await changes in policy direction and regulatory oversight.
London (Platts)--20 Jan 2017 742 am EST/1242 GMT
The UK government spent GBP100 million ($123 million) on a failed second attempt to provide financial support for carbon capture and storage (CCS), a public spending watchdog said Friday.
Washington (Platts)--19 Jan 2017 547 pm EST/2247 GMT
Rick Perry, President-elect Donald Trump's nominee for secretary of energy, declined during a Senate confirmation hearing Thursday to say whether he supported moving the long-stalled Yucca Mountain repository project in Nevada forward but said that, if confirmed, he would look at alternatives to address the issue.
London (Platts)--19 Jan 2017 716 am EST/1216 GMT
German offshore wind developers connected 156 new wind turbines with a capacity of 818 MW to the national grid in 2016, bringing total grid-connected offshore wind capacity to 4,108 MW, German wind power lobby groups said Thursday.
Houston (Platts)--18 Jan 2017 553 pm EST/2253 GMT
American Electric Power's 36-MW Eagle Pass DC Tie was shut around midnight Tuesday due to an unplanned outage, the Electric Reliability Council of Texas said.
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Houston (Platts)--20 Jan 2017 536 pm EST/2236 GMT
For the second straight week, US coal train loadings increased across all major basins, with nationwide volumes rising 8.8% week on week.
Seoul (Platts)--20 Jan 2017 745 am EST/1245 GMT
South Korea's leading presidential candidate Moon Jae-In has pledged to reduce coal-fired power plants and phase out nuclear reactors in the country, while seeking to buy Russian natural gas to meet power demand and combat climate change.
Houston (Platts)--19 Jan 2017 545 pm EST/2245 GMT
Union Pacific's coal carloads in the fourth quarter fell 9.3% on a year-over-year basis, while coal revenues dipped 6.2%, the railroad said Thursday.
Sydney (Platts)--19 Jan 2017 718 am EST/1218 GMT
Coal miner South32, which has mines in Australia and South Africa, saw its coal production fall year on year in the October-December quarter, by 6.78% to 8.91 million mt, from 9.56 million mt, data from the company's quarterly report showed Thursday.
Houston (Platts)--18 Jan 2017 550 pm EST/2250 GMT
Coal-fired generation is increasingly tied to the spread between coal and natural gas prices, and small changes in price of either fuel can have significant, albeit short-lived impacts on demand, a senior S&P Global Market Intelligence analyst said Wednesday.
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London (Platts)--20 Jan 2017 855 am EST/1355 GMT
The quantity of North Sea crude in tankers in the region has dropped this week, with the current structure of the contracts for difference curve providing no incentive for traders to float cargoes.
Singapore (Platts)--20 Jan 2017 246 am EST/746 GMT
India will impose a total of 4.5% service tax over freight on cargoes imported on a delivered or CFR basis from January 22, shipping market participants said Thursday.
London (Platts)--19 Jan 2017 713 am EST/1213 GMT
Differentials on the CIF Rotterdam Urals Aframax market hit a 15-month high Wednesday, amid expectations of a very short February loading program, as well as higher freight rates, adverse weather driving demand for distillate-rich grades and Saudi Arabia cutting its allocations for Northwest European delivery.
London (Platts)--19 Jan 2017 712 am EST/1212 GMT
Singapore has made it compulsory this month for bunker suppliers to use mass flow meters when making their fuel oil deliveries, hoping to end years of disputes over buyers receiving less fuel than they paid for.
London (Platts)--18 Jan 2017 931 am EST/1431 GMT
The UK's Sullom Voe terminal loaded two cargoes of Brent Blend crude in the week to Tuesday, the same number of cargoes as the previous week, the Shetland Islands Council said Wednesday.
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Houston (Platts)--20 Jan 2017 536 pm EST/2236 GMT
ExxonMobil Chemicals has begun a planned 30-day turnaround at its steam cracker in Baton Rouge, Louisiana, market sources said Friday.
London (Platts)--20 Jan 2017 747 am EST/1247 GMT
European methanol was assessed at a 32-month high of Eur331/mt FOB Rotterdam Thursday as traders were heard trying to build inventories to meet post-Lunar New Year holiday demand in China.
Singapore (Platts)--20 Jan 2017 746 am EST/1246 GMT
Price differentials for Australia's North West Shelf condensate maintained an upbeat tone despite the large pool of ultra-light crude supply in the Asian spot market, thanks largely to Indonesia's strong requirement for the naphtha-rich grade, trade sources said Friday.
Houston (Platts)--19 Jan 2017 548 pm EST/2248 GMT
US olefins producer LyondellBasell has completed its 800 million lb/year (363,000 mt/year) ethylene expansion at the Corpus Christi, Texas, site, the company said Thursday.
London (Platts)--19 Jan 2017 722 am EST/1222 GMT
The European styrene spot price reached a fresh 17-month high on Wednesday despite a slowing Asia market ahead of the Chinese New Year, according to S&P Global Platts data.
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Washington (Platts)--20 Jan 2017 1253 pm EST/1753 GMT
US President Donald Trump said Friday after taking the oath of office that trade protectionism would sit at the heart of his policies.
London (Platts)--20 Jan 2017 855 am EST/1355 GMT
European ferrovanadium prices consolidated on the week as market participants reported deals at higher levels, although demand was not as buoyant as expected for January.
Singapore (Platts)--20 Jan 2017 748 am EST/1248 GMT
Spot ferrochrome prices in China have fallen by over 10% over the week this week on major stainless steel producers cutting their procurement prices for February supplies, market sources said Friday.
Sydney (Platts)--20 Jan 2017 539 am EST/1039 GMT
Alcoa announced Friday immediate plans to begin work on restarting aluminum smelting capacity at its Portland unit in Victoria, Australia, that had been curtailed since a power outage last December.
Pittsburgh (Platts)--19 Jan 2017 552 pm EST/2252 GMT
Prices for hot-rolled coil in the US were heard to be similar across most producers, sources said Thursday.
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Houston (Platts)--20 Jan 2017 537 pm EST/2237 GMT
Non-commercial grain market participants strengthened their net long positions in corn futures in the week ended Tuesday, finishing the period net long 66,801 contracts, a 55.28% rose from 43,021 contracts net long a week earlier, the US Commodity Futures Trading Commission said Friday.
Houston (Platts)--19 Jan 2017 332 pm EST/2032 GMT
US agriculture and biofuels industry groups Thursday praised President-elect Donald Trump's nomination of Sonny Perdue as secretary of agriculture, affirming his experience and commitment to farmers' interests. "The nomination of former Georgia Governor Sonny Perdue for Secretary of Agriculture is welcome news to the nation's farmers and ranchers," said Zippy Duvall, president of the American Farm Bureau Federation, in a statement.
Washington (Platts)--18 Jan 2017 552 pm EST/2252 GMT
US Environmental Protection Agency nominee Scott Pruitt tried to assure senators Wednesday that he would uphold the biofuel mandate and stick to annual volume increases if confirmed to lead the agency, distancing himself from his previous criticism of the policy as "unworkable."
Singapore (Platts)--18 Jan 2017 334 am EST/834 GMT
Palm oil prices on the Bursa Malaysia exchange should continue to be supported in the first quarter of 2017, with price levels hovering around MR 3,000/mt or $672.75/mt, Kelvin Chow, food and agribusiness analyst at Rabobank Singapore said on Tuesday.
Houston (Platts)--17 Jan 2017 527 pm EST/2227 GMT
China's announcement that it will increase ethanol import tariffs in 2017 has turned market participants' outlook for US exports in 2017 bearish, sources said Tuesday.
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