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Monday, 09 November 15
BUNKER PRICES TO KEEP SLIDING THIS WEEK, EXPERT SAYS - MARINE BUNKER EXCHANGE
 The oil price volatility has continued this week. Two dollars up one day and the next day two dollars down. The oil market has been trading on the same spot for some time now. Technically there is no trend. The market is today at GMT 14:09 Brent $48.26 (-0.32) and WTI $45.86 (-0.46)
The discount in price of oil for immediate delivery relative to that for delivery in a year, or contango, neared its largest diff in nearly two months this week, touching $7 a barrel (Contango means that forward contractual prices are higher than today’s prices). This shows the sentiment of the market, hoping the supply and demand will be more in balance 6 months to 1 year from today.
Ample supply of North Sea crude, which underpins the benchmark futures price, has pushed physical prices to their lowest since June. The contango in Brent futures could widen more than the current levels when looking at the highly oversupplied present physical market.
Contributing to the generally bearish sentiment was an internal OPEC document seen by Reuters that showed weaker demand in the next few years for oil from the group.
OPEC oil ministers will meet on Dec. 4 to decide whether to extend their year-old strategy of allowing prices to fall to slow higher-cost rival supply.
OPEC, along with Russia, is unlikely to change tactics. OPEC and Russia will continue to produce as much as possible in order to squeeze out higher cost producers.
Will it really work?
The reduction in U.S. drillers is like a drop in the Ocean and will not change much as far as the oversupply is concerned. The big three, Russia, OPEC and the U.S., must sit down together and sort out what can be done. As it is now they are all depleting their resources against very little money in the name of market shares.
The dollar surged to a three-month high and European and Asian stock markets dipped on Thursday as expectations hardened of the first rise in U.S. interest rates in almost a decade coming next month.
Federal Reserve chief Janet Yellen and two senior colleagues pointed to December as a “live possibility” for a rise, adding to signs that the U.S. central bank is again on the verge of moving after months of vacillating over the domestic and global economy’s ability to deal with higher borrowing costs.
Source: Marine Bunker Exchange Hellenic Shipping News
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Wednesday, 22 November 23
INDIA: GOVERNMENT PLANS 1.4 BILLION TONNE COAL OUTPUT BY 2027 - LIVEMINT
The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further ...
Wednesday, 22 November 23
OBLIGATION. INDONESIA AIMS TO START COLLECTING LEVIES FROM COAL MINERS IN JANUARY - REUTERS
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower ...
Tuesday, 21 November 23
INDIAN COAL POWER PLANTS’ CAPACITY UTILISATION WILL IMPROVE TO 65% THIS FISCAL: - CRISIL
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 percent in the current fiscal year despite ...
Tuesday, 14 November 23
CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES TRANSFORMATIVE TRANSACTION INCLUDING THE ACQUISITION OF 11 NEWBUILD LNG CARRIERS FOR $3.1 BILLION
Capital Product Partners L.P. announced that it has entered into an umbrella agreement (the “Umbrella Agreement”) with Capital Maritime ...
Tuesday, 14 November 23
COAL INDIA BEATS Q2 PROFIT VIEW ON HIGH POWER DEMAND AMID WEAK MONSOON - REUTERS
Coal India on Friday reported better-than-expected second-quarter profit, helped by high power demand and boosted production amid a weak monsoon.
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- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- The University of Queensland
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
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