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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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Saturday, 18 February 23
PAKISTAN PLANS TO QUADRUPLE DOMESTIC COAL-FIRED POWER, MOVE AWAY FROM GAS - REUTERS
Pakistan plans to quadruple its domestic coal-fired capacity to reduce power generation costs and will not build new gas-fired plants in the coming ...
Saturday, 18 February 23
2023 MARINE FUEL MARKET PREDICTIONS - JOHN BERGMAN, AURAMARINE
The drive for decarbonisation we witnessed in 2022 has continued into 2023, demonstrating the shipping’s industry positive strides in the fas ...
Saturday, 28 January 23
COAL GROWTH BLIP NOT TO BE REPEATED - BALTIC EXCHANGE
As 2022 drew to a close, global coal demand looked set to end the year just 1.2% up on the previous year. But that small increase was enough to pus ...
Thursday, 26 January 23
CHINA'S COAL OUTPUT INCREASES IN DECEMBER 2022 - XINHUA
China’s raw coal output posted stable expansion in December 2022, official data showed.
The country produced 400 million tonne ...
Thursday, 26 January 23
COKING COAL NARROWS THE GAP ON THERMAL AS CHINA REOPENS - REUTERS
The premium of high-grade thermal coal over coking coal in Asia is shrinking as China’s re-opening and ending of a ban on imports from Austra ...
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- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- The University of Queensland
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Siam City Cement - Thailand
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
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