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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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Friday, 06 April 12
DRY BULK MARKET SWIFT TO HALT FALL ON RENEWED DEMAND FOR CAPESIZES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk managed to put a stop to the recent falls, which came as a result of a lacklustre demand for smaller vessel sizes. Although this trend ...
Thursday, 05 April 12
COAL EXPORT TAX: MATTER OF CONCERN FOR INDIA - SUNIL K KUMBHAT
COALspot.com - Since the issuance of Indonesian Mining law in 2009, miners have increased their activities in exploring , ex ...
Thursday, 05 April 12
AKR COAL FIRST EXPORT SHIPMENT OF COAL SEABORNE
PT Anugrah Karya Raya (AKR Coal) subsidiary of PT AKR Corporindo Tbk., Indonesia’s leading integrated supply chain solutions provider and larg ...
Thursday, 05 April 12
DRY BULK MARKET STALLS AS TREND IS REVERSED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has halted its month-long rally, with the BDI (Baltic Dry Index) retreating yesterday for a second consecutive session. Industry ...
Wednesday, 04 April 12
CHURCHILL MINING TO ACCELERATE INTERNATIONAL ARBITRATION AGAINST INDONESIA
Churchill Mining plc (AIM: CHL), advises that notations on the Indonesian Supreme Court's register of cases shows the Supreme Court has rejected th ...
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- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Australian Coal Association
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Agrawal Coal Company - India
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
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