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.
|
|
Sunday, 02 October 22
MISC STRENGTHENS ITS PARTNERSHIP WITH SEARIVER MARITIME
MISC Berhad (MISC) today announced that its subsidiaries Polaris LNG Three Pte. Ltd. and Polaris LNG Four Pte. Ltd. have secured long-term time cha ...
Thursday, 29 September 22
MARKET INSIGHT - INTERMODAL
This week, focus turns to the 38th APPEC Conference, where leading professionals from the global oil industry will discuss the future key drivers o ...
Thursday, 29 September 22
HIGH COAL PRICES REMAIN A CONCERN FOR DOMESTIC NON-FERROUS METAL COMPANIES - ICRA
According to ICRA on Monday, the high price of coal will have a negative effect on the profitability of domestic non-ferrous metal companies that m ...
Tuesday, 27 September 22
14% INCREASE IN EUROPEAN COAL DEMAND TO BE SHORT-TERM TREND - WOOD MACKENZIE
European seaborne thermal coal demand is projected to increase 14% or 12 million metric tonnes (Mt) this year to 98 Mt as it grapples with the curr ...
Friday, 23 September 22
CHINA DIGS DEEP TO RAISE COAL OUTPUT TO RECORD HIGH - REUTERS
China’s coal production has surged this year as the government seeks to improve energy security by reducing dependence on imports and amassin ...
|
|
|
Showing 221 to 225 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Makarim & Taira - Indonesia
- The University of Queensland
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- White Energy Company Limited
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Planning Commission, India
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
|
| |
| |
|
