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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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Thursday, 16 November 17
KOMIPO INVITED BIDS FOR 3.9 MILLION TONS OF 5700 NAR AND 5400 NAR COAL FOR 2018 - 2020 DELIVERY
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 3,900,000 Metric Tons of min. 570 ...
Thursday, 16 November 17
THE PORT OF NEWCASTLE HAS SHIPPED 14.94 PERCENT LESS COAL IN OCTOBER 2017, DATA SHOWS
COALspot.com: The Port of Newcastle, Australia’s major trading ports, and the world’s largest coal export port has shipped $AU 1,466.8 ...
Thursday, 16 November 17
GOVERNMENT, 13 COAL MINERS AGREE TO CHANGE CONTRACTS - JP
The government and 13 coal mining companies have agreed to change the old Contract of Work (CoW), as part of the implementation of Law No. 4/20199 ...
Wednesday, 15 November 17
IEA RECOGNISES COAL'S CONTINUOUS IMPORTANCE TO GLOBAL ENERGY NEEDS - WCA
The World Coal Association (WCA) has welcomed the International Energy Agency’s (IEA) recognition that coal will continue to play a vital rol ...
Wednesday, 15 November 17
THERMAL COAL WAS DRAGGED DOWN BY THE WEAKNESS ACROSS THE WIDER ENERGY SECTOR - DANIEL HYNES
The coal market was mixed.
Thermal coal was dragged down by the weakness across the wider energy sector, said Daniel Hynes Senior Commodi ...
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Showing 1876 to 1880 news of total 6871 |
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- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
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