Energy Update
Sentiment darkened in the Turkish imported scrap market January 25, despite snow covering the US East Coast export hub.
US linear-low density polyethylene export prices fell as market participants talked the PE market lower, following a weekend that saw global markets decline.
There has been much talk this week in Vienna about the desirability of coordinated action by OPEC and non-OPEC producers. Platts oil news team reports.
China remained the largest spot buyer and clearing market for met coal, accounting for 75% of the global spot volume of 33.1 million mt in H1 2015.
(Thu, 04 Jun 2015) U.S. crude oil production has grown rapidly in recent years, primarily from light, sweet crude (less dense, lower sulfur content) from tight resource formations. Roughly 90% of the nearly 3.0 million barrel per day (b/d) growth in production from 2011 to 2014 consisted of light, sweet grades, meaning they have an API gravity of 40 or above and a sulphur content of 0.3% or less.
WASHINGTON, June 3 (Reuters) - Lifting the ban on U.S. oil exports would do little to help Eastern European countries decrease their reliance on Russian energy, a policy research arm of Congress said in a memo to U.S. lawmakers seen by Reuters on Wednesday.
June 3 (Reuters) - Plains All American Pipeline said it does not expect to restart before June 30 its pipeline that spilled hundreds of barrels of oil on the coast of Santa Barbara, California last month.
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