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Tuesday, 02 October 18
THE PRICE OF OIL CONTINUES ITS CLIMB AMIDST A SERIES OF CONCERNS REGARDING SUPPLY CONSTRAINTS - GEORGE LAZARIDIS
 It has been a busy week for oil traders as the price of oil continues its climb amidst a series of concerns regarding supply constraints.
The week had already started on a bullish footing, with oil prices hovering around the US$ 80 per barrel mark as many in the market braced for further potential disruptions that could be brought about by Hurricane Florence said George Lazaridis, Head of Research & Valuations allied shipping in his latest weekly report.
According to George Lazaridis, being already in a state of readiness, Trump’s UN speech was set to liven up the speculative flames as he took an aggressive tone on OPEC and what he sees as a continued effort in pushing up oil prices. This coupled with the bringing back of US sanctions against Iran’s oil sector (set to kick in around November) was more than enough to drive up concerns and bring back speculators by the masses. Given that it was only recently that OPEC and Russia decided against raising output beyond what they had agreed on back in June, many have already been in anticipation of a supply crunch in the making.
Adding to this George Lazaridis said, the most recent report released by the US Energy Information Administration which showed one of the largest drops in US crude stockpiles which pushed their levels below their five-year average for this time of the year, it looks as though these concerns may well have a stable founding. All this was enough to shoot the price of Brent Crude to its highest level in four years, while in early trading hours today it had jumped to just above US$ 83 a barrel. West Texas Intermediate was quick to follow peaking at US$ 73.65 a barrel, its highest level since July. At the same time U.S. crude oil production may well be breaking one record after another, but we are already seeing signs that it is starting to plateau given that in the last quarter we witnessed the lowest level of new oil rig additions since 2017. With such bullish signs on the horizon, it looks as though there was plenty of motivation for many traders to book in volumes these past weeks, while given that most small and medium sized oi producers have been scaling back their forward contracts, many importers were filling up inventories and stockpiles before the price surge gained further momentum.
He further noted, all this seems to have ramped up demand in oil tankers during the past couple of weeks, helping boost freight rates across most major routes. At the same time this leaves for much concern as we may on the one hand have seen a temporary spike in enquiries, however if this upward price trend in crude oil continues for too long, it may well dampen demand and cause for a dramatic scale back which would leave the freight market in a worse off state than what we were witnessing during the same time frame last year. There are however signs that things may well improve, with indications seen that many have already started to switch over to different suppliers as they look to circumvent the Iranian oil restrictions. These sorts of restrictions always cause an inevitable hike in tone-mile demand as most look to source their needs from further away destinations than they would be under normal conditions. At the same time given that Saudi Arabia’s state oil giant Saudi Aramco is set to bring new crude output capacity online in the fourth quarter of 2018 from its two fields in Khurais and Manifa, it has in effect increased its ability to boost its production figures by a further 550,000 bpd if there is demand and if it agrees to do so in the next OPEC members meeting.
With ample extra capacity given that it utilizes only 10.5 million bpd from its total capacity of 12 million bpd, its commitment to offset a drop in Iranian production is realistic while also leaving ample excess capacity to further drive growth in global output levels.
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Friday, 28 September 18
INDONESIA 2018 COAL OUTPUT TARGET NOW AROUND 507 MLN T - ENERGY MINISTRY : REUTERS
Indonesia has increased its 2018 coal production target to around 507 million tonnes from a previous target of 485 million tonnes, the Energy Minis ...
Friday, 28 September 18
FITCH RATINGS: METALLURGICAL COAL MINERS MAY CURB COSTS AS PRICES SLIP
Strong cost inflation in the global metallurgical coal sector suggests that miners may focus on cost controls as prices decline from their current ...
Wednesday, 26 September 18
IS YOUR CHARTER PARTY READY FOR 2020? - METTE KRONHOLM FRAENDE, BIMCO
As the deadline for the IMO’s global low-sulphur fuel requirements fast approaches, it is necessary to carefully check the bunker clauses in ...
Wednesday, 26 September 18
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS
Despite the fact that the dry bulk SnP market saw an admittedly busy summer season, there is a noticeable slowdown in activity during the past thre ...
Tuesday, 25 September 18
THE INCONVENIENT TRUTH OF RISING COAL PRICES - FORBES
Coal prices are not supposed to be rising as governments tighten environmental controls but that’s precisely what is happening at the premium ...
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Showing 1606 to 1610 news of total 6871 |
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- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- MS Steel International - UAE
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- PTC India Limited - India
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
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