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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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Monday, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...
Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
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- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Aditya Birla Group - India
- White Energy Company Limited
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
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