U.S. Daily Market Briefs - 11/19/2008




Coal
   Email this to a friend.   Platts Broker-Based Indexes for Coal and Emissions for Nov. 14
 
Washington (Platts) -- 14Nov2008 -- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology... (Source: Platts - http://www.platts.com)

   Email this to a friend.   Platts Broker-Based Indexes for Coal and Emissions for Nov. 11
 
Washington (Platts) -- 11Nov2008 -- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology... (Source: Platts - http://www.platts.com)

   Email this to a friend.   Platts Broker-Based Indexes for Coal and Emissions for Nov. 10
 
Washington (Platts) -- 10Nov2008 -- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology... (Source: Platts - http://www.platts.com)

   Email this to a friend.   Platts Broker-Based Indexes for Coal and Emissions for November 6
 
Washington (Platts) -- 6Nov2008 -- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology... (Source: Platts - http://www.platts.com)

   Email this to a friend.   Platts Broker-Based Indexes for Coal and Emissions for November 5
 
Washington (Platts) -- 5Nov2008 -- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology... (Source: Platts - http://www.platts.com)

Crude
   Email this to a friend.   OPEC cuts 2009 world oil demand growth estimate to 490,000 b/d
 
London (Platts) -- 17Nov2008 -- OPEC Monday cut its estimates of world oil demand in 2008 and 2009 as global economic turmoil continues to have a negative impact on consumption. In its latest monthly oil market report, OPEC's Vienna-based... (Source: Platts - http://www.platts.com)

   Email this to a friend.   Opec wants oil at $70-$90 a barrel
 
The Opec cartel wants oil prices of $70-$90 a barrel, Chakib Khelil, Algeria's energy minister and the group's president, said as he suggested the group would try to defend this level with further production cuts in the coming months (Source: Financial Times - http://www.ft.com)

Electricity
   Email this to a friend.   Utility personnel say new nuclear capacity is top priority
 
Washington (Platts) -- 11Nov2008 -- New nuclear capacity "should have top priority" to meet future US electricity demand, 55% of utility personnel said in a survey released November 11 by Black & Veatch. This is up from 50% of personnel... (Source: Platts - http://www.platts.com)

   Email this to a friend.   Struggling Mass Megawatt eyes small turbine market
 
Mass Megawatts Wind Power Inc., a developer of wind-energy production systems that has failed to generate significant revenue to date, said Wednesday it is expanding into the small-wind turbine market, the company said Wednesday. (Source: BizJournals - http://www.bizjournals.com)

   Email this to a friend.   Cummins will hike generator prices
 
Prices for its commercial generators and transfer switches in North America will increase January 1, Cummins Power Generation announced Thursday. (CMI) (Source: BizJournals - http://www.bizjournals.com)

   Email this to a friend.   Duke launches Texas wind farm
 
Duke Energy Corp. has started commercial operation of a 59-megawatt wind farm in Howard County in west Texas. (DUK) (Source: BizJournals - http://www.bizjournals.com)

   Email this to a friend.   Dynegy Disappoints
 
Over the past three months, the energy generator's shares have fallen 56.2%, with no hints of a turnaround. (Source: Forbes - http://www.forbes.com)

Emissions
   Email this to a friend.   Missouri Voters Approve a Renewable Energy Requirement
 
Missouri's investor-owned utilities will have to draw on renewable energy for 15% of their electricity supply by 2021, after the state's voters approved the Missouri Clean Energy Initiative, or Proposition C. The proposition gained approval from two-thirds of the state's voters. (Source: USA.gov - http://www.usa.gov)

   Email this to a friend.   Half of Global Electricity To Come From Renewables IEA Says
 
Nearly 50% of global electricity supplies must come from renewable energy sources in order to cut CO2 emissions in half by 2050, the International Energy Agency (IEA) says in its latest study, “Deploying Renewables: Principles for Effective Policies.” (Source: Renewable Energy Access - http://www.renewableenergyaccess.com)

   Email this to a friend.   A Renewable-Energy Update from Agriculture
 
http://www.ars.usda.gov/is/AR/archive/aug06/energy0806.htm Texas and Minnesota are striving to become leaders in renewable energy use—relying on everything from wind power to hydrogen fuel. (Source: USA.gov - http://www.usa.gov)

Natural Gas
   Email this to a friend.   The NYMEX prompt month natural gas futures contract for August 2007 terminated this afternoon. Market Oversight has posted a file with the prices for the August 2007 NYMEX and ICE contracts.
 
(Source: USA.gov - http://www.usa.gov)

   Email this to a friend.   Vortex Resources Corp. (VTEX) Exercises Option on Fifth Well Following 100% Success Rate on Initial Drilling Program (Business Wire)
 
BEVERLY HILLS, Calif.----Vortex Resources Corp. is pleased to announce that it is exercising the option to drill its fifth well in Adams-Baggett Field in Crockett County, Texas. After successfully drilling three wells in the Adams-Baggett area and awaiting the results from the fourth well, the management of Vortex has decided to move forward with exercising the option to drill its fifth natural gas well. (Source: Yahoo - www.yahoo.com)

   Email this to a friend.   Philippines refiner Petron to take first Galoc crude oil cargo
 
Singapore (Platts) -- 5Nov2008 -- Petron is set to take the first cargo of Galoc crude oil into its 180,000 b/d oil refinery in Bataan, PetroEnergy Resources said in a statement to the Philippines Stock Exchange. A 300,000 barrels... (Source: Platts - http://www.platts.com)

   Email this to a friend.   Oil sinks below $60 amid recession fears
 
Oil fell below the $60 a barrel level for the first time since March 2007, amid mounting fears of global recession but gold prices rose, helped by weakness in the US dollar (Source: Financial Times - http://www.ft.com)

   Email this to a friend.   India's Reliance eyes LNG to test KG Basin gas pipeline: sources
 
Ahmedabad (Platts) -- 6Nov2008 -- India's Reliance Industries Limited, which is planning to start gas production from the Krishna Godavari Basin, offshore eastern India, early next year, is seeking LNG for testing the transmission pipeline... (Source: Platts - http://www.platts.com)