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Wednesday, 04 April 12
OIL MAY JUMP TO $150PB IF IRAN ATTACKED: EXPERT - KUNA / HELLENIC SHIPPING
 Prices of oil will not drop below level of $100 per barrel and may jump to $150 pb in the coming two months, according to the prominent Kuwaiti expert, Sheikh Fahad Al-Daoud Al-Sabah. Sheikh Fahad, a specialist in oil refining strategies, said in an interview with Kuwait News Agency (KUNA) geopolitical events became the major factor influencing oil prices, at present, indicating at dwindling impact of other factors, such supply and demand and market speculations.
He said the prices would not drop lower than $100 pb and might soar to $150 pb, in the coming two months, but may jump as high as $250pb in case Iran was targeted with a military strike, although such an eventuality was unlikely in the foreseeable future.
Price of the oil will remain unstable unless the Iranian issue is resolved and Tehran allows international inspectors examine its nuclear facilities and review its nuclear program, said Sheikh Fahad Al-Daoud, noting that the main current factor affecting the prices of the crude was imposition of curbs on the Iranian crude oil trade.
On OPEC’S role for stemming hikes of the oil prices, Al-Daoud said “certain problems” have hampered the cartel efforts in this respect, namely the fact that Iran is a a major and influential member of the organization and has supporters among the members. Elaborating in this regard, Sheikh Fahad indicated at difficult status of the GCC states, where in case they increased the oil production, Iran would consider such a step as hostile and if not, they would be showered with accusations about purported intentions to hard the world economy.
The Kuwaiti expert affirmed that OPEC was in a very difficult condition as to the available options and scenarios; facing pressure from Iran as a result of the curbs and counter pressures from Western powers. Nevertheless, the organization should seek to stem the prices, he stressed. He questioned whether OPEC could seek to pump more supplies into the market, in the shadow of the existing glut, and indicated at disarrays among the members as to the best options that should be chosen to cope with the crisis.
Despite existence of the surplus on the market, the price is likely to increase, he affirmed. “The world is moving on a certain pace, the equation is hard, and the storm cannot be resisted to stabilize the prices,” he opined further. On bleak scenario that would result from possible closure of the strategic Hormuz strait, he indicated that the UAE has already started building a pipeline to secure exports of the crude from a route other than the waterway.
He called on the other regional oil producers to follow Abu Dhabi’s suit, “for it is senseless that the Arab Gulf oil remains subject to status of Hormuz Strait.” On comeback of the Libyan oil experts and reports about new explorations in some countries, Sheikh Fahad Al-Daoud said such factors would lead to limited impact on the market and would, to a certain extent, contribute in stemming the prices.
Currently, there are huge supplies, in the face of high demand, and that is likely to hike further, he forecast, stressing that the price would certainly not drop below the level of $100 pb-even if the curbs on the Iranian oil are lifted.
Source: KUNA / Hellenic Shipping
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Thursday, 26 April 12
PANAMAXES AGAIN EARN MORE THAN CAPESIZES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The latest surge of demand for Panamaxes has led the dry bulk market to new higher ground on Monday, with the Baltic Dry Index (BDI) reaching 1,090 ...
Wednesday, 25 April 12
CHINA IMPORTS 9.76 MMT AND INDIA IMPORTS 7.03 MMT OF INDONESIAN COAL LAST MONTH
COALspot.com: Indonesia, the world largest coal exporter, shipped 30.64* million tons of coal in March 2012, compared to 27.12* million tons i ...
Monday, 23 April 12
ALTURA ENTERS INTO AGREEMENT TO ACQUIRE 2 COAL PROJECTS IN SOUTH KALIMANTAN
COALspot.com - Altura Mining Limited (ASX: AJM) has announced that it has entered into an agreement to acquire a further two (2) Mining Permits (IUP ...
Sunday, 22 April 12
THE FREIGHT MARKET EXPECTED TO REMAIN FIRM NEXT WEEK - VISTAAR
COALspot.com - The BDI has broken the psychological barrier of 1000 points and closed at 1067 points.
The cape index was slightly down by 2.48 pc ...
Saturday, 21 April 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS DROP 2.61 PERCENT THIS WEEK
COALspot.com - Indonesian sub-bituminous coal swaps fell for a fifth day, according to DSP of SGX AsiaClear OTC Coal Swaps.
CFR South China Coal ...
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- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
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