Platts Energy Bulletin


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Jan 29, 2002

What's New on platts.com?
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)

E-commerce Review 2001: Platts reviews e-commerce activities in the energy
industry in 2001. (http://www.platts.com/features/ecommerce2001/)

US Futures Update: A weekly round-up of the US futures markets.
(http://www.platts.com/risk_management/futures/index.shtml)

Futures Round-up
NYMEX: Crude to open lower on Brent weakness
NYMEX March crude oil is called to open 35 cts lower at $19.70/bbl Tuesday.
March Brent is called to open 33 cts lower at $19.27/bbl. February heating oil
is called to open 63 pts lower at 52.50 cts/gal and February unleaded gasoline
is called to open 91 pts lower at 57.20 cts/gal.

IPE Brent Focus: IPE Brent crude loses momentum ahead of API statistcs
Front-month March peaked at $19.75/bbl the previous trading session, but failed
to close the $19.70 to 19.95/bbl gap in prices left between Jan 11 and Jan 14,
an area of technical resistance according to chartists. March futures traded at
$19.35/bbl at 1049 GMT, having shed 30 cts from Monday's settlement while April
dropped by 27 cts.

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:
Nigerian government may reverse controversial fuel hike
The Nigerian govrernment could reverse the recent increase in fuel prices when
the Petroleum Products Pricing Committee next meets in April, Nigeria's special
adviser for Petroleum Funsho Kupolokun said Tuesday.
(http://www.platts.com/archives.shtml#58286)

NATURAL GAS:
Senator to try to advance Alaska gas pipeline: aide
Senator Frank Murkowski, an Alaska Republican, has scheduled a meeting the week
of Feb 4 with proponents of an Alaska gas pipeline "to see if there is some way
to proceed," a Senate staffer said Monday.
(http://www.platts.com/archives.shtml#58249)

PETROCHEMICALS:
Korea Hyosung polyester patent not infringing Honeywell
South Korea's synthetic fiber producer Hyosung Corp has won a lawsuit on highly
tenacious polyester yarn and its technologies, an official of Hyosung said
Tuesday. (http://www.platts.com/archives.shtml#58263)

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:
Enron's Australian arm to be placed in liquidation
The Australian arm of failed US trading giant Enron is to be placed in
liquidation, the company's voluntary administrator Sims Lockwood said Tuesday.
(http://www.platts.com/archives.shtml#58257)

NUCLEAR:
Panel: France won't be ready for waste decision in 2006
France won't have sufficient information in 2006 to decide its long-term
radwaste strategy for the Bure Waste laboratory, according to the local
information commission on the lab. (http://www.platts.com/archives.shtml#58243)

COAL:
Brazilian steel mills invite Chinese into annual met coal talks
The Brazilian steel mills (BSM) plan for the first time to include Chinese coal
suppliers in their contract coal talks likely to begin by the end of February or
early March. (http://www.platts.com/archives.shtml#58224)

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

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