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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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Saturday, 18 March 23
HEDGE TO OFFSET LNG VOLATILITY, TRADERS TOLD - BALTIC EXCHANGE
A shift in imports from Asia to Europe led to significant volatility in liquefied natural gas shipping last year, prompting industry experts to urg ...
Friday, 17 March 23
INDONESIAN COAL PRICE REFERENCE UP AROUND 2.17% IN MARCH 2023
COALspot.com: Indonesian Coal Price Reference up around 2.17% in March 2023.
According to the new HBA regulation No. 41.K/MB.0 ...
Saturday, 11 March 23
MARKET INSIGHT - INTERMODAL
Uncertainty over the recovery of Chinese demand, demand destruction in Europe, as well as weather conditions will pivot the LNG market this summer. ...
Wednesday, 08 March 23
INDONESIAN COAL REFERENCE PRICE FORMULA HAS OFFICIALLY CHANGED
Indonesian Minister of Energy and Mineral Resources has officially changed the guideline for determining the benchmark price for the sale of coal c ...
Thursday, 02 March 23
INDIA'S SEABORNE CRUDE OIL IMPORTS IN 2022 INCREASED BY 11.5% YOY - BANCHERO COSTA
2022 has turned out to be a very positive year for crude oil trade, despite the surging oil prices and risks of economic recession, Banchero Costa ...
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- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- White Energy Company Limited
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Aditya Birla Group - India
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
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