We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 04 October 22
A REMARKABLE SHIFT IN FORTUNES HAS BEEN NOTED IN THE CRUDE OIL TANKER MARKETS - ALLIED SHIPPING
 A remarkable shift in fortunes has been noted in the crude oil tanker markets over the past month, yet despite these shifts being seemingly in their infancy, we may well be seeing moves that could make these extremely favorable tailwinds be close to having run their course, says Allied Shipping Research in its latest report.
George Lazaridis, Head of Research & Valuations of Allied Shipping Research, this weekend OPEC+ made some fairly controversial announcements with regards to its next monthly meeting which will take place this Wednesday. OPEC announced that it would discuss a plan to introduce substantial cuts in production of between 0.5 and 1.0 mbpd. This would make it by far the largest production cut since April 2020, when oil demand collapsed during the early part of the coronavirus pandemic. The reasoning behind this is claimed to be a preemptive effort to prop up prices before any potential global economic slowdown has its effects on crude oil consumption growth, but to also retain ample spare production capacity in case Russian output were to fall sharply during the next few months due to the increasing western sanctions coming into force.
Allied Shipping report further noted that, obviously in the case of the former, to most, it sounds more of a case of self-fulfilling prophecy, given that one of the biggest risks that global economic growth faces right now is the extensively high energy costs being faced. Beyond this, what struck most people as a major surprise is that this decision went counter to what we had been seeing during the summer months, where pressure from the US had pushed the OPEC+ group to accelerate production increases. It also gives Russia considerable breathing room, as higher oil prices would help prop up its oil revenues which have been facing considerable pressure of late as part of the large discounts it has had to offer and the considerable strengthening of the Ruble.
The weekly report further noted that, the prime mover in the tanker freight market, over the course of these past few months, has been an increase in consumption levels back to pre-pandemic levels. On top of this, we have also seen a considerable positive gain from increasing ton-miles, as supply chain disruptions from Russian sanctions caused a shift towards farther away sourcing. Given the inelastic nature of crude oil demand, the overall effect of the above would be hard to pinpoint and would likely be relatively minimal.
However, according to George Lazaridis, under the current global economic conditions and given how difficult the winter months were expected to be even before this announcement, an even further spike in crude oil prices compared to what was previously expected could further smother economic activity and in turn dampen the ability of most major economies (and in turn consumers) from keeping their consumption levels on par with the trends noted over the past few months.
Furthermore, it sets for an even more ominous horizon for crude oil markets, as even before this announcement by OPEC+, the high prices of crude had already helped fuel a major shift towards alternative energy sources. There was already talk in the market that these currently high energy prices had helped bring the energy transition agenda forward by 4 to 5 years. At even higher crude oil prices, an investment in its alternatives becomes ever increasingly more viable and further boosts its potential return on investment.
For the time being it looks as though the tanker market will just have to make the most of what it has been given and hope that things don’t turn sour too quickly. We must not forget that any decision to change production levels by OPEC+ takes a fair amount of time before it is fully implemented. At the same time given the geopolitical nature of all this, it is too early to tell if any and all of these scenarios follow through.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 06 October 22
COAL INDIA ASKED TO ENHANCE SUPPLY TO THERMAL POWER PLANTS - IANS
With the festival season round the corner, Coal India Ltd. has been directed by the government to scale up dispatch to thermal power plants.
&n ...
Wednesday, 05 October 22
BUNKER PRICES DOWN AGAIN; IS THERE MORE TO COME? - INTEGR8 FUELS
It’s the economy…..”
VLSFO prices are now back to levels at the start of this year. After all the extremes of thi ...
Wednesday, 05 October 22
MARKET INSIGHT - INTERMODAL
Amid the looming western sanctions on Russia, the country is challenged to pivot its energy markets away from Europe and toward the East. Yet, Russ ...
Tuesday, 04 October 22
OIL PRICES COULD SOON RETURN TO $100 AS OPEC+ CONSIDERS ‘HISTORIC’ CUT, ANALYSTS SAY - CNBC
An influential alliance of some of the world’s most powerful oil producers is reportedly considering their largest output cut since the start ...
Tuesday, 04 October 22
INDONESIAN COAL PRICE REFERENCE SURGE AGAIN TO RECORD HIGH
COALspot.com: Indonesian Coal Price Reference reached another record high in October as Russia's war in Ukraine continues to spark a surge in c ...
|
|
|
Showing 216 to 220 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Bhatia International Limited - India
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Planning Commission, India
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Anglo American - United Kingdom
|
| |
| |
|
