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Tuesday, 17 October 17
U.S RECORD EXPORTS OIL TO EAST HAS HELPED THE TANKER TRADE - GEORGE LAZARIDIS
 There was a flood of fresh news this week which clouded the overall prospects of the crude oil market. Just one week prior Saudi Arabia and Russia, the two countries which together produce roughly one fifth of global oil supplies, made a joint announcement reaffirming their commitment to cut back production and help alleviate markets from the glut in supply faced right now said George Lazaridis in his latest report.
According to George Lazaridis, on the back of these positive news the price of crude oil started to show signs of life, with an increase of more than US$ 1 per barrel being seen just hours after the news came out. Moving on to last Monday and there was already a considerable amount of market activity, while most kept a keen eye out for what key findings would be given from OPECs monthly report as well as the US Energy and Information Administration’s weekly inventory report.
Head of Market Research & Asset Valuations of Allied Shipping further noted, OPEC’s in-house analysis in its monthly oil market report did not disappoint, quoting a considerable increase in its forecast for demand next year. It noted a more than 0.6% increase compared to its previous month’s forecast levels, basin this largely on much stronger demand levels now being expected from OECD countries and the lower estimates of non-OPEC supply. The market reaction was almost imminent with the price of Brent crude reaching just under US$ 57 per barrel. This gain seemed to have been further boosted on early Friday as the EIA’s weekly inventories figures showed a decrease by 2.8 million barrels from the previous week while it also reaffirmed the sense of weakening shale oil production figures moving forward. The rally continued on for most of Friday and looks to still have steam in early hours of trading today.
He further added, in the midst of this we continue to see a big volume of U.S. crude heading to the East, with the increased price gap between WTI and Brent pushing for an increase in Far East appetite for U.S. oil, and the U.S. having already noted a record exports of 1.98 million barrels per day by late September. This opening of this trade has helped the tanker trade, adding a fair amount of miles per tonne of crude oil imports made by major importers such as China.
All this has helped boost the image of the crude oil tanker, with freight rates having already seen a fair rise over the past couple of weeks and things looking to gain in strength over the coming months as the winter season demand spike starts to show face. This in combination with the slower fleet growth being seen of late and we have started to see some improvement in prospects moving forward for these large crude oil carriers. In combination with the increased refining capacity being established in the Far East, and we may well see an increase in trade that could well push for a further overall improvement in the market.
It seems as though the prospects for 2018 have improved and there is more and more confidence that the difficulties faced during the second half of 2016 as well as in the year so far may well be behind us. That is not to say that anyone is holding out expectations for any extraordinary rally to take place, but rather that a better market balance could be reached than the one faced right now. This balance may just turn out to be exactly what the crude oil tanker markets needs right now he concluded.
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Wednesday, 13 December 17
REFINED COAL HAS MADE UP NEARLY ONE-FIFTH OF COAL-FIRED POWER GENERATION SO FAR IN 2017 - EIA
The U.S. power sector consumption of coal is increasingly shifting to refined coal, even as coal-fired electricity generation decreases. Use of ref ...
Wednesday, 13 December 17
DEMAND FOR THERMAL COAL LOOKED RELATIVELY ROBUST - DANIEL HYNES
Coal prices were a touch higher. Demand for thermal coal looked relatively robust, after reports continued to surface that Chinese authorities have ...
Wednesday, 13 December 17
SHIPPING MARKET INSIGHT - GEORGE PANAGOPOULOS
As another year is coming to an end and much has been already written about the positive reversal in the dry bulk market, we think it is interestin ...
Monday, 11 December 17
INDIA CONSUMERS ARE SAID TO BE DESPERATELY SEEKING CARGOES - DANIEL HYNES
Coal markets were stronger, as strong demand outside China continues to spur buying said Daniel Hynes, Senior Commodity Strategist at ANZ.
Acc ...
Monday, 11 December 17
CAPESIZE FFA MARKET LOOKING PROMISING MOVING FORWARD - FIS
Capesize
Another very promising day for the big ships as rates continued to firm in both oceans and the paper market ate into the backwardation s ...
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Showing 1851 to 1855 news of total 6871 |
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- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- The University of Queensland
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
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