Spot iron ore was unchanged January 25 with demand quiet as buyers appeared to have completed restocking for the Lunar New Year period. Platts assessed the 62% Fe IODEX stable at $41.60/dry mt CFR North China.
Rather than striving for 2 million b/d, state officials are hoping to maintain production above 1 million b/d.
(Tue, 26 Jan 2016) A change to the North Sea Brent crude oil futures contract will alter the way prices for Brent futures are compared to futures prices for WTI crude oil. Beginning January 29, the Brent contract will expire, or rollover to the next month, approximately two to three weeks before expiration of the WTI contract for delivery in the same month. Prior to the change, the Brent contract rollover was only five to seven days ahead of the WTI rollover.
Platts editors assess the knock on effect of the crude price drop on several factors within the Black Sea grains market and the subsequent impact on global grains prices.
Iran's speed of re-integration into the global oil market is a million b/d question mark hanging over the industry.
(Mon, 25 Jan 2016) The average natural gas spot price at the benchmark Henry Hub for December 2015 of $1.93 per MMBtu was the lowest monthly average since March 1999. EIA's latest <em>Short-Term Energy Outlook</em> expects natural gas prices to rise, averaging $2.65/MMBtu in 2016 and $3.22/MMBtu in 2017. Expected price increases reflect consumption growth, mainly from the industrial sector, that outpaces near-term production growth.
India and China are putting in place new policies to control pollution, particularly in their major cities.
US ethanol's recent pursuit of gasoline's nosedive has reminded Jordan Godwin of the Gin Blossoms classic, "Follow You Down."
