Platts Energy Bulletin

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Jan 31, 2002

What's New on platts.com?

Metals M+A Review 2001: A review of metals mergers in 2001.
(http://www.platts.com/features/2001mergers/metals.shtml)

Platts Enron Report: Read about the implications of Enron's bankruptcy on the
financial and energy communities.
(http://www.platts.com/features/enron/index.shtml)


Futures Round-up
NYMEX: Crude to open higher, eye on product expiration
NYMEX March crude oil is called to open 8 cts higher at $19.16/bbl Thursday.
March Brent is called to open 18 cts higher at $18.95/bbl. February heating oil
is called to open 34 pts higher at 51.25 cts/gal and February unleaded gasoline
is called to open 34 pts higher at 55.64 cts/gal.

IPE Brent Focus: IPE Brent crude recovers from bearish stock statistics
At 1035 GMT front-month March had climbed 20 cts higher than the previous day's
settlement to trade at $18.99/bbl. April futures stood 16 cts higher at
$19.18/bbl.

News Round-up
Click on the headlines below or paste the URLs provided in your internet browser
to see the full story.

ADVERTISEMENT:
Grid Business: The Midwest Region: An Electrical World Roundtable in cooperation
with R. J. Rudden Associates and the United States Energy Association.
March 21-22, 2002 St. Louis, Missouri
(http://www.platts.com/gridbusiness/index.html)


OIL:
Sinopec exceeds 2001 retrenchment goal of 27,000 staff
China's oil group Sinopec Corp exceeded its retrenchment target of 27,000
employees in 2001 in an effort to improve efficiency and profitability, a
Sinopec official said Thursday. (http://www.platts.com/archives.shtml#58394)

NATURAL GAS:
Algeria voices fears over impact of EU gas directive
Algerian energy minister Chakib Khelil Wednesday expressed fears that
legislation to liberalize the European Union gas market could harm gas suppliers
and lead to market instability by encouraging a move away from long-term
contracts. (http://www.platts.com/archives.shtml#58403)

PETROCHEMICALS:
US ethylene CP talks continue, sellers expect drop
The US ethylene contract negotiations continue as the month draws to a close,
but sellers Wednesday indicated they expected the result to be a 1 ct/lb drop.
"I think you'll see a drop of a penny for January," one producer source said,
"Then, no more drops unless costs drop."
(http://www.platts.com/archives.shtml#57309)

ADVERTISEMENT:
Platts Global Energy Jobs Board and Resume Bank: Created in partnership with the
Energy Jobs Network, the Jobs Board gives you access to a pool of job seekers
and open positions across the energy industry. It's free for all job seekers,
and there is a range of packages for employers posting jobs.
(http://www.energyjobsnetwork.com/home.asp?code=platts)


ELECTRIC POWER:
Mirant pullout deals fresh blow to Europe power markets
he withdrawal of US-based Mirant from European trading has dealt another blow
for confidence in the continents' growing power and gas markets, market sources
said Thursday. (http://www.platts.com/archives.shtml#58405)

NUCLEAR:
Bush says terrorists had US nuclear plant diagrams
Diagrams of US nuclear power plants were found in terrorist training camps in
Afghanistan, President George Bush said in his State of the Union speech.
(http://www.platts.com/archives.shtml#58379)

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(http://www.platts.com/archives.shtml)

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