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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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Monday, 09 October 17
INDIA'S COAL IMPORTS UP 10% IN SEPT AS POWER PLANTS FACE FUEL SHORTAGE - PTI
Coal imports rose by 9.5 per cent to 18.33 million tonnes (MT) in September, after having registered year-on-year decline for five months in a row, ...
Friday, 06 October 17
U.S. WEEKLY COAL OUTPUT HAS REBOUNDED AFTER DECLINING 5 WEEKS IN A ROW
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.3 million short tons ...
Wednesday, 04 October 17
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS
During the past couple of months the dry bulk market has displayed particularly strong momentum and we have been witnessing steady appetite and act ...
Tuesday, 03 October 17
VIETNAM'S COAL-FIRED THERMAL POWER DEPENDENT ON CHINA - VIETNAMNET BRIDGE
A report from the Green Innovation and Development Centre (GreenID) showed that, as of the end of last year, of 27 coal-fired thermopower plants, 1 ...
Tuesday, 03 October 17
RIO TINTO COMPLETES FIRST FULLY AUTONOMOUS RAIL JOURNEY IN WESTERN AUSTRALIA
Rio Tinto has successfully completed the first fully autonomous rail journey at its iron ore operations in the Pilbara region of Western Australia ...
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Showing 1921 to 1925 news of total 6871 |
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- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Australian Coal Association
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- MS Steel International - UAE
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
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