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Oil

New Delhi (Platts)--5 Dec 2016 854 am EST/1354 GMT
OPEC has invited 14 non-OPEC oil producers to finalize details of coordinated cuts on Saturday December 10, at the oil producer group's headquarters in Vienna, secretary general Mohammad Barkindo said Monday.
London (Platts)--5 Dec 2016 805 am EST/1305 GMT
Iraq's semi-autonomous Kurdistan Regional Government has not ruled out curbs on its oil production to help Iraq meet its commitment under OPEC's planned production cut but believes any impact on its output would be limited, the KRG's oil minister said Monday.
Singapore (Platts)--5 Dec 2016 804 am EST/1304 GMT
Major Arab oil producing countries are looking to keep their term crude supplies into Asia at least for January loadings, while coping with OPEC's production cut agreement first with their incremental supply volumes, sources with direct knowledge of the matter said Monday.
Washington (Platts)--4 Dec 2016 938 pm EST/238 GMT
The US Army Corps of Engineers said Sunday it would not issue an easement for the Dakota Access Pipeline to cross Lake Oahe in North Dakota and urged the company to look at alternate routes.
Buenos Aires (Platts)--2 Dec 2016 526 pm EST/2226 GMT
Oil workers in one of Argentina's most productive basins will go on strike for 48 hours next week to protest a decision by state-run YPF to not return 33 rigs to the field, which could cost 1,700 jobs, union leaders said Friday.
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Natural Gas

London (Platts)--5 Dec 2016 809 am EST/1309 GMT
A new pipeline project to bring Nigerian gas through Africa to Europe has been launched by the sovereign wealth funds of Nigeria and Morocco, the latest attempt to link Nigeria's vast gas resources with the lucrative European gas market.
New Delhi (Platts)--5 Dec 2016 808 am EST/1308 GMT
Indian Prime Minister Narendra Modi Monday pledged to continue working on oil and gas policies to make them more attractive to foreign and private investors and step up efforts to boost domestic production in an effort to meet the country's growing demand for energy resources.
London (Platts)--2 Dec 2016 840 am EST/1340 GMT
The amount of gas used by UK natural gas-fired power plants to generate electricity has risen above 80 million cu m/d in recent days for the first time in at least six years, data from National Grid showed Friday.
Tokyo (Platts)--2 Dec 2016 839 am EST/1339 GMT
A Japanese delegation, comprising E&P and engineering companies, will visit Myanmar from Monday to examine upstream opportunities in the Southeast Asian nation.
Houston (Platts)--1 Dec 2016 517 pm EST/2217 GMT
The December bidweek national average natural gas price rose 70 cents to $3.17/MMBtu, with prices in the US Northeast seeing the biggest increases, according to Inside FERC's Gas Market Report Thursday.
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Electric Power

London (Platts)--5 Dec 2016 1001 am EST/1501 GMT
German and French day-ahead power prices rose Monday amid low wind output, but contracts further out continued to fall with the mild weather outlook now stretching into the week before Christmas, while forward power fell further with EUA carbon allowances now trading just above their lowest in three years, after falling over 30% since mid-November, according to sources.
Houston (Platts)--2 Dec 2016 524 pm EST/2224 GMT
Excessive forced generation outages in the Midcontinent Independent System Operator's South Region has prompted one of that region's state regulators to wonder whether penalties are inadequate for generators that fail to be available during high-demand circumstances, stakeholders learned Friday.
London (Platts)--2 Dec 2016 841 am EST/1341 GMT
European power trading volumes on the European Energy Exchange (EEX) in November rose 50% from a year ago to 423 TWh, the highest ever recorded monthly volume on the exchange, Leipzig-based EEX said.
Houston (Platts)--1 Dec 2016 522 pm EST/2222 GMT
Brokers reported very little action this week in the US Cross-State Air Pollution Rule market as limited interest to buy or sell at lower year-end prices reigned.
London (Platts)--1 Dec 2016 902 am EST/1402 GMT
UK day-ahead power contracts climbed higher on Thursday, shrugging off bearish spot gas price movements, as tightening surplus margins amid persistent cold weather conditions supported the market.
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Coal

Sydney (Platts)--5 Dec 2016 454 am EST/954 GMT
Glencore has acquired its joint venture partners' interests in the Newlands and Collinsville coal mines in Australia's Queensland, a Glencore spokesman said Monday.
Houston (Platts)--2 Dec 2016 520 pm EST/2220 GMT
Illinois Basin coal producers have seen higher pricing in term deals recently as a result of increased exports and tightening supply for 2017.
Sydney (Platts)--2 Dec 2016 257 am EST/757 GMT
Coal exports from the Australian state of New South Wales fell for the first time in 15 years in fiscal 2015-16 (July-June), industry-owned organisation Coal Services said Thursday.
Louisville, Kentucky (Platts)--1 Dec 2016 515 pm EST/2215 GMT
Murray American Energy plans to ask Ohio regulators next year to approve additional acreage to extend the life of the company's Century underground thermal coal mine in Monroe County, the largest mine in the state, a Murray official said Thursday.
London (Platts)--1 Dec 2016 903 am EST/1403 GMT
South Africa exported 6.14 million mt of thermal coal in October, down 12.8% on the year and 10.7% from September's nine-month high, with lower shipments to India, Europe and Turkey, according to customs data released late Wednesday.
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Shipping

Singapore (Platts)--5 Dec 2016 120 am EST/620 GMT
Korea Gas Corporation (Kogas) plans to build new LNG bunkering infrastructure at Tongyeong in southeast South Korea by 2019 as part of wider efforts to boost LNG bunkering in the country, the state-owned company said Friday.
Athens (Platts)--2 Dec 2016 844 am EST/1344 GMT
The bunker industry expects the marine fuel market to become more fragmented and complex after 2020 as stricter emission controls come into force, according to speakers at the S&P Global Platts Mediterranean Bunker Fuel Conference in Athens this week.
Singapore (Platts)--2 Dec 2016 843 am EST/1343 GMT
Major Japanese shipping companies Mitsui OSK Lines and NYK Line have reverted back to the traders participating in the companies' term tenders to supply bunker fuel for lifting from Singapore over Q1 2017 with counter prices, traders said Friday, adding that negotiations will now move into the second round.
Houston (Platts's)--1 Dec 2016 519 pm EST/2219 GMT
New Orleans bunker fuel prices on Thursday reached their highest levels since July 2015 outpacing the movements of their respective underlying products, after the market experienced residual effects from the recently announced OPEC deal.
Singapore (Platts)--1 Dec 2016 908 am EST/1408 GMT
Maritime and Port Authority of Singapore Deputy Chairman Niam Chiang Meng has been appointed as the organization's new chairman, with effect from December 16, the Ministry of Transport announced this week.
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Petrochemicals

London (Platts)--5 Dec 2016 835 am EST/1335 GMT
Petrochemical companies in Gulf Cooperation Council countries need to intensify integration with feedstock sources, such as refineries, and with downstream consumers, as the sector turns increasingly competitive ahead of the onslaught of shale-based petrochemical products from the US.
Houston (Platts)--2 Dec 2016 523 pm EST/2223 GMT
US olefins producer LyondellBasell is very close to completing the restart of its steam cracker in Corpus Christi, Texas, after a planned turnaround, sources said Friday.
London (Platts)--2 Dec 2016 846 am EST/1346 GMT
The recent rally in the spot methanol market, an uptick in the energy complex overall following OPEC's planned production cut and remaining global supply concerns are pointing to a likely hefty rise in methanol European contract prices for the first quarter next year.
Singapore (Platts)--2 Dec 2016 1255 am EST/555 GMT
India's state-run Bharat Petroleum Corp.
Houston (Platts)--1 Dec 2016 519 pm EST/2219 GMT
US Gulf Coast MTBE reached a five-week high on Thursday, rising 10.5% in the two sessions since the OPEC agreement to reduce production.
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Metals

Shanghai (Platts)--5 Dec 2016 838 am EST/1338 GMT
Jiangsu Shagang Group, the largest ferrous scrap user in China, has cut its buying price for heavy melting scrap by Yuan 30/mt ($4/mt), a company source said Monday.
London (Platts)--5 Dec 2016 841 am EST/1341 GMT
Black Sea merchant pig iron market has lost its upward momentum in the week to December 2 on less demand compared with previous weeks and sideways movement of scrap prices, market sources said Friday.
London (Platts)--5 Dec 2016 837 am EST/1337 GMT
Net long gold positions on US commodity exchange COMEX fell by 14% to 106,941 contracts in the week to November 29, Commodity Futures Trading Commission data showed Monday.
Tokyo (Platts)--5 Dec 2016 344 am EST/844 GMT
Vietnamese-origin aluminum billet, traded in Southeast Asia, is expanding into Japan, Japanese market sources said Monday.
Pittsburgh (Platts)--2 Dec 2016 527 pm EST/2227 GMT
US mills are raising transaction prices for rebar $25/st, effective with new orders Friday.
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Agriculture

London (Platts)--5 Dec 2016 836 am EST/1336 GMT
Russian wheat exports in the 2016-17 marketing year from July 1 to November 30 were up 5.3% year on year at 13.212 million mt, Ministry of Agriculture data showed Monday.
Houston (Platts)--2 Dec 2016 521 pm EST/2221 GMT
Synata Bio's $48.5 million bid for Abengoa's Hugoton, Kansas, cellulosic ethanol plant has been approved by a bankruptcy court, according to court documents filed earlier this week.
Houston (Platts)--1 Dec 2016 518 pm EST/2218 GMT
The US ethanol crush margin continued to rise Thursday after reaching a nearly two-year high of 46.73 cents/gal Wednesday.
London (Platts)--1 Dec 2016 921 am EST/1421 GMT
The T2 price has been on an upward trajectory over the last couple of weeks and at Eur495/cu m FOB Rotterdam Wednesday, it is the highest it has been in four months.
Houston (Platts)--30 Nov 2016 454 pm EST/2154 GMT
Values for US Renewable Identification Numbers continued their upward momentum Wednesday, with current calendar-year ethanol RINs reaching their highest heard trading level in over three years.
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