Energy Update
Spot seaborne iron ore prices were unchanged February 23 amid thin trading as Chinese buyers were away for Lunar New Year holiday. Some sources see little chance for a sustained recovery after the festival given weak steel prices and an ongoing supply glut.
Feb 24 (Reuters) - Southeast Asian stock markets traded stronger on Tuesday, although gains were capped as investors looked to Federal Reserve Chair Janet Yellen's statement later in the day for signs of when the U.S. central bank would raise interest rates. The Thai SET index was up 0.5 percent by midday, led by a 1.8 percent gain in the country's top oil firm, PTT . Indonesia and Philippines hovered near their record highs. Yellen will deliver the central bank's semi-annual Monetary P
Huge inventory losses due to the oil price plunge in 2014 prompt Japanese refiners to switch away from Middle East crude imports in favor of spot barrels from Russia and Mexico.
(Tue, 24 Feb 2015) Distillate fuel oil supply consists of diesel fuel used in diesel engines and heating oil used in furnaces and boilers. Over the past 20 years, the EPA has regulated the amount of sulfur contained in diesel fuel to enable reductions in harmful emissions of nitrogen oxides and particulate matter from diesel engines. Since 2006, most distillate fuel has had less than 15 ppm of sulfur, compared to an average of 3,000 ppm in the 1990s.
(Tue, 24 Feb 2015) U.S. coal production during third quarter 2014 totaled 255.3 million short tons. This was 3.9% higher than the previous quarter and 0.9% lower than third quarter 2013. Third quarter 2014 U.S. coal exports (22.7 million short tons) dropped 7.5% from second quarter 2014 and dropped 20.6% from third quarter 2013. U.S. coal imports in third quarter 2014 decreased to 3.2 million short tons from 3.5 million short tons in second quarter 2014.
(Tue, 24 Feb 2015) EIA's most comprehensive report on recent integrated energy statistics. Preliminary data indicate that, in November 2014, total energy consumption in the U.S. commercial sector equaled 1.5 quadrillion Btu, a 2% increase from November 2013.
(Tue, 24 Feb 2015) The latest Prime Supplier Report presents data collected through December 2014 on Form EIA-782C, 'Monthly Report of Prime Supplier Sales of Petroleum Products Sold for Local Consumption.' These data measure primary petroleum product deliveries into the states where they are locally marketed and consumed.
TORONTO/GATINEAU, Quebec, Feb 23 (Reuters) - Canada's biggest railway reached a last-minute tentative agreement with one of its unions on Monday, averting a lockout that threatened to delay imports from Asia and compound a U.S.
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