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Wednesday, 25 January 17
MARKET INSIGHT - KONSTANTINOS KAKAVITSAS
 Remember that old but classic song called “Destination Unknown”? Well that is where the oil market is heading right now. The song made a splash with a catchy beat and a noticeable video clip reaching the top of the charts. The oil market on the other hand, may attract attention however, whether it will head for higher or lower levels remains very uncertain.
As far as the performance of the crude oil price is concerned, the signals we are getting are so far mixed, with discouraging fundamentals and optimistic headlines equally affecting prices. Both OPEC and Non-OPEC countries have agreed a production cut as a way to deal with the global oil glut and low prices, which resulted in the Brent blend rallying from $46/bbl to a peak of $57/bbl on 6th January, while it’s currently trading around $55/bbl. So far, so good for the big boys of oil but what about the long-term sustainability of these higher price levels?
Russia’s production reached record highs in December and the second-biggest oil producer seemed very happy at this year’s World Economic Forum not only due to their large oil-driven revenues so far, but also due to positive expectations deriving from the new US president who suggests to ease or even remove sanctions imposed on Russia. Even though Russia’s production plays a significant role, the bigger determinant leading to the persistence of the glut could be US shale oil producers. With notably more operating costs and thus a higher breakeven than other oil extractors, most of shale drillers had shut-down production during lower prices only to come back into profitable business at current levels. Finally, taking into consideration the fact that the US dollar has strengthened, hitting a 14-year high during December, pressure for lower price levels grow stronger.
Keeping this insight melodic, you might recall the lyrics of another popular song of the 90s; “Hello, hello, hello, how low?”. Could this be the tune for the tanker market in 2017? The dominant common factor for both the dirty and clean market is the large number of newbuilding deliveries that could potentially lead to lower freight rates. Saying that, as in the short-run tonnage supply will not significantly change; demand is expected to primarily drive the market in the following months. In the dirty sector, lower oil prices may drive demand for ships higher however; those already excessive inventories could be an obstacle to such rally. The outlook for product tankers falls no further from the mixed-signal environment the dirty market operates in, with the LR market seeing a record-high in vessel deliveries. Greater diversification with respect to trade routes and cargoes, especially in the MR market allow for wider range projections; still forecasts for demand growth for petroleum products making any prediction for the freight market challenging.
In conclusion, well, is there any yet? Amidst mixed fundamentals it would be careless to prematurely jump to any conclusions, as market sentiment has proved to be not only an unpredictable factor but also an influential one. Under the current state of uncertainty, it is still unclear whether the bears will prevail or the bulls will be justified and thus the only safe conclusion that can be reached is nicely summed-up in the title of another pop music hit called “Blank Space”.
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Friday, 02 June 17
U.S THE PAST WEEK'S COAL PRODUCTION ESTIMATE UP 4.4% - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15 million short tonnes ...
Wednesday, 31 May 17
MARKET INSIGHT - KONSTANTINOS KAKAVITSAS
In the next episode of the oil market; The market reacts to OPEC’s production cut extension, the US shale oil producers are ruining the carte ...
Tuesday, 30 May 17
MARKET ANALYSIS - GEORGE LAZARIDIS
Despite the fair performance that has been noted in the Chinese economy over the past 5 months, we have started to see an increase in the skepticis ...
Friday, 26 May 17
MOST COAL PLANTS IN THE UNITED STATES WERE BUILT BEFORE 1990 - EIA
Coal-fired electricity generators accounted for 25% of operating electricity generating capacity in the United States and generated about 30% of U. ...
Friday, 26 May 17
U.S WEEKLY COAL OUTPUT ESTIMATE UP 6.3% W/W
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.3 million short ton ...
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Showing 2036 to 2040 news of total 6871 |
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- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Australian Coal Association
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- White Energy Company Limited
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
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