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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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Wednesday, 18 April 12
INDONESIA TO INTRODUCE EXPORT DUTY ON MINERAL ORES BY 6 MAY 2012
The Indonesian government is scheduled to issue regulation on export duty for minerals before May 6, 2012.
According to Bisnis Indonesia, as quot ...
Sunday, 15 April 12
THE SPOT FIXTURE RATES FOR SUPRAMAX IN SE ASIA SAW SOME SOFTENING OF CHARTER RATES - VISTAAR
COALspot.com - The market seem to be holding and except for Supramax and handy size index all other index was up with BDI up by 4.74 pct closing at ...
Friday, 13 April 12
MINERS OPPOSE GOVTS EXPORT TAX PLAN - THE JAKARTA POST
The Jakarta Post reported that, Indonesian mining companies have strongly protested the government’s plan to impose a 25 percent export tax on ...
Friday, 13 April 12
S&P CAUTIONS AGAINST NEW INDONESIAN MINING REGULATIONS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Investors may have expressed concerns about looming new mining regulations, but ratings agency Standard & Poor& ...
Thursday, 12 April 12
FIRST QUARTER OF 2012 SAW AN ADDITIONAL 24.2 MILLION DWT OF DRY BULK CARRIERS ENTERING THE FLEET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The inflow of newbuilt dry bulk vessels was larger than expected in the first quarter of 2012. As much as 24.2 million DWT were added to the fleet. ...
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Showing 4766 to 4770 news of total 6871 |
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- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
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