"The complex is still having difficulty holding rallies as
the 2-day injection of hurricane related storm premium appears to have run its
course and the reality of amply supplied markets...[is] brought back to the
forefront again."
-Prudential Financial
said in a report after a $1.90/barrel collapse Wednesday on crude futures after
the latest US stock data showed a 2.1 million increase in gasoline inventories
according to the EIA, higher than the 1.6 million barrel build analysts had
projected, but less than the 4.3 million barrel rise API reported
-"The parties agreed to continue cooperation in
marketing Russian LNG, including from the Shtokman project, in the US,"
- Russian gas giant
Gazprom said on Wednesday. It remains in talks with US' Sempra on the latter's
participation in marketing liquefied natural gas from the Shtokman field in the
US.
Copyright © 2005 - Platts
Please visit: www.platts.com
Their coverage of energy matters is extensive!!.