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For transportation fuels, the Gulf Coast produces, the East Coast consumes

(Fri, 19 Feb 2016) Movement of transportation fuels between the U.S. Gulf Coast and East Coast regions represents the largest movement of such products in the United States. This relationship is underpinned by supply and demand imbalances in each region. The Gulf Coast is the largest petroleum refining region in the country, making nearly half of total U.S. refined products.

China coal firm Up Energy seeks debt restructuring after bond default

HONG KONG, Feb 19 (Reuters) - Coal mining company Up Energy Development said on Friday it is in talks with creditors to restructure its debt or at least ensure no action is taken by them against it following a default on its convertible bonds due in January.

REFILE-Australia shares fall from 2-week high, New Zealand shares gain

SYDNEY/WELLINGTON, SYDNEY, Feb 19 (Reuters) - Australian shares fell 0.5 percent on Friday, coming off a two-week high touched in the previous session.

RPT-COLUMN-Is Saudi Arabia winning the war against shale? Kemp

LONDON, Feb 18 (Reuters) - Saudi officials insist the kingdom's oil production strategy is not aimed at putting U.S. shale producers out of business, a message that has been repeated to visiting U.S.

U.S. oil falls after crude stocks hit record high

SINGAPORE, Feb 19 (Reuters) - U.S. oil futures fell in early Asian trade on Friday as record crude stocks renewed concerns about global oversupply, outweighing moves by oil producers including Saudi Arabia and Russia to cap oil output.

UPDATE 1-Devon stock sale surprises Wall Street after CEO downplays need

HOUSTON, Feb 18 (Reuters) - It was a head fake that left Wall Street scratching its head.

CANADA STOCKS-TSX sustains six-week high as gold miners gain

TORONTO, Feb 18 (Reuters) - Canada's main stock index gained for a fourth straight session on Thursday, sustaining a six-week high, as gold miners rose with bullion and consumer and telecom stocks also rose, though energy shares weighed as crude oil stockpiles increased.

UPDATE 2-Los Angeles-area methane leak declared permanently sealed

LOS ANGELES, Feb 18 (Reuters) - An underground natural gas pipeline rupture that caused the largest methane leak ever in California has been permanently capped, paving the way for thousands of displaced Los Angeles residents to return home, state regulators said on Thursday.

UPDATE 3-Tough road for Venezuela after dire data, lacking measures

CARACAS, Feb 18 (Reuters) - Venezuela's central bank on Thursday released long-awaited data showing the depth of the OPEC country's recession, a day after President Nicolas Maduro announced a package of measures seen as insufficient to salvage the unraveling economy.

China steel sector optimism grows on stronger product prices

Platts editors examine how sustainable rising Chinese domestic steel prices are, discuss the industry's reaction to antidumping measures and examine the outlook for China's iron ore market.

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