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2014-06-17 20:21:06

Fourth Consecutive Month of Price Decline in Platts Japan/Korea Marker SINGAPORE, June 17, 2014 /PRNewswire/ -- Prices of spot liquefied natural gas (LNG) for July delivery to Asia fell 9.5% to an average $12.951 per million British thermal units (/MMBtu) on a month-over-month basis, according to the latest Platts Japan/Korea Marker (JKM) for month-ahead delivery. The price decline is largely the result of high LNG inventories on the back of a warmer than average winter season....

2014-06-16 16:21:39

LONDON, June 16, 2014 /PRNewswire/ -- Prices in the $3-trillion-plus global petrochemicals market slipped $3 per million metric ton (/mt) in May, marking the fourth consecutive month of price declines, according to the just-released monthly Platts Global Petrochemical Index (PGPI). The PGPI is a benchmark basket of seven widely used petrochemicals and is published by Platts, a leading global energy, petrochemicals and metals information provider and a top source of benchmark price...

2014-06-12 12:22:33

One of 20 Recipients Since 1994 Recognized for Helping Shape the Evolution of Markets LONDON, June 12, 2014 /PRNewswire/ -- Jorge Montepeque, global editorial director of market reporting for Platts, a leading global provider of energy, metals, petrochemicals and agriculture information, was bestowed a 2014 Lifetime Achievement Award by Energy Risk Magazine Wednesday evening. Energy Risk Magazine is published by London-based Incisive Media, a leading global business-to-business...

2014-06-11 12:22:18

Up 250,000 Barrels Per Day from April, Led by Increased Saudi Production LONDON, June 11, 2014 /PRNewswire/ -- Platts - Oil production from the Organization of the Petroleum Exporting Countries (OPEC) climbed for the third consecutive month in May to total 29.97 million barrels per day (b/d), according to the latest Platts survey of OPEC and oil industry officials and analysts. That is up 250,000 b/d from the April level of 29.72 million b/d. "The call on OPEC crude, according to...

2014-06-10 16:22:32

European Power Prices Dip, but Maintenance Season Offers Support LONDON, June 10, 2014 /PRNewswire/ -- Day-ahead natural gas prices in the U.K. and continental Europe fell to multi-year lows in May as demand slumped by 12%, according to data just released by Platts, a leading global energy, petrochemicals and metals information provider. U.K. day-ahead natural gas prices were down 9% month over month and down 31% year over year. Day-ahead natural gas prices on the Dutch TTF -...

2014-06-09 20:21:13

Monthly Index Totaled 51.93, up 1.58 Points From May's Reading of 50.34 BEIJING, June 9, 2014 /PRNewswire/ -- The health of China's steel sector continues steady, with optimism having leveled off from early-year increases and the sector now anticipating minimal gains in demand in June, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which showed a reading of 51.93 out of a possible 100. This is up 1.58 points from the May level of 50.34. The Platts CSSI...

2014-06-03 16:21:50

Producers Stepped Up Production, Pushing it to a New Record DENVER, June 3, 2014 /PRNewswire/ -- U.S. exploration and production companies were at full throttle in May, producing 67.7 billion cubic feet per day (Bcf/d) of natural gas in the lower 48 States, according to the latest estimates from Bentek Energy, an oil and natural gas analytics and forecasting unit of Platts. This was up 0.6% from the previous monthly high set in April. May 2014 saw nine days of production in excess...

2014-06-02 16:22:30

16th Annual Awards Dinner Gala to be Held in New York City NEW YORK, June 2, 2014 /PRNewswire/ -- Nominations are now being accepted for the 2014 Platts Global Energy Awards, which recognize corporate and individual excellence within the energy industry. A total of 18 awards will be given in five sections: Strategic Vision, Industry Leadership, Stewardship, Premier Projects and Leading Technologies. All nominations must be received by September 15, 2014. The Awards program, often...

2014-05-30 16:22:03

Industry Score Sheet and Analysis Featured in Platts Megawatt Daily NEW YORK, May 30, 2014 /PRNewswire/ -- Platts, a leading global energy, petrochemicals, metals and agriculture information provider, today issued its latest analysis and compilation of wholesale electricity sales by more than 500 entities in North America. The rankings appear in Megawatt Daily, Platts' flagship North American electricity publication, and include each company's market share and additional information...

2014-05-27 16:21:27

April Demand Contracted from March, Reflecting Slower Industrial Activity SINGAPORE, May 27, 2014 /PRNewswire/ -- China's apparent oil demand* in April rose 1.4% compared with the same month last year to 39.92 million metric tons (mt) or an average 9.75 million barrels per day (b/d), a just-released Platts analysis of Chinese government data showed. The year-over-year growth in apparent oil demand in April was greater than the 0.5% recorded in the previous month. On a...


Word of the Day
omphalos
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.
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