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Thursday, 22 December 22
RUSSIAN OIL EXPORTS CRATER BY 54% IN THE FIRST FULL WEEK OF THE EU'S EMBARGO AMID A SHORTAGE OF TANKERS WILLING TO CARRY CARGOES - BUSINESS INSIDER
Since the European Union imposed its seaborne crude sanctions, Russian oil exports have tumbled by more than half, according to data compiled by Bloomberg.
In the week that ended December 16, which marked the first full week after the ban set in, total volumes coming out of Russia fell by 1.86 million barrels a day, or 54%, to about 1.6 million. The four-week average also dropped to a new low for 2022.
Signs also pointed to a a shortage of ship owners who were willing to transport Russian oil from an export facility in Asia, the report said.
However, the data must be viewed cautiously, as variables like weather and cargo scheduling can sway week-over-week changes in flows.
Still, other evidence has emerged that the market for ships is tightening. US oil company Exxon Mobil is avoiding hiring oil tankers that used to carry Russian supplies, according to Bloomberg.
Global energy rival Shell has also made a similar move as the possibility of some Russian oil being left over in a tanker risks violating sanctions.
While a “dark fleet” of tankers has been assembled to move Russian oil below the radar, the oil majors are making it harder for those ships to eventually go back to moving non-Russian supplies.
Staring December 5, the EU banned imports of Russian oil by sea and blocked shipping and related financial services for companies transporting Russian oil. At the same time, the EU and the G7 imposed a $60-per-barrel price cap on Moscow’s crude.
The aim is to stifle Moscow’s export revenue while still keeping Russian crude flowing on the market and preventing a supply shock that would spike prices.
For buyers abiding by the cap, some of the measures in the EU embargo are allowed, such as insurance. For those that pay above $60 a barrel, then they cannot access EU services for 90 days.
Source: Business Insider
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Friday, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Economic Council, Georgia
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- VISA Power Limited - India
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Marubeni Corporation - India
- The University of Queensland
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
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