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Monday, 09 November 15
BUNKER PRICES TO KEEP SLIDING THIS WEEK, EXPERT SAYS - MARINE BUNKER EXCHANGE
The oil price volatility has continued this week. Two dollars up one day and the next day two dollars down. The oil market has been trading on the same spot for some time now. Technically there is no trend. The market is today at GMT 14:09 Brent $48.26 (-0.32) and WTI $45.86 (-0.46)
The discount in price of oil for immediate delivery relative to that for delivery in a year, or contango, neared its largest diff in nearly two months this week, touching $7 a barrel (Contango means that forward contractual prices are higher than today’s prices). This shows the sentiment of the market, hoping the supply and demand will be more in balance 6 months to 1 year from today.
Ample supply of North Sea crude, which underpins the benchmark futures price, has pushed physical prices to their lowest since June. The contango in Brent futures could widen more than the current levels when looking at the highly oversupplied present physical market.
Contributing to the generally bearish sentiment was an internal OPEC document seen by Reuters that showed weaker demand in the next few years for oil from the group.
OPEC oil ministers will meet on Dec. 4 to decide whether to extend their year-old strategy of allowing prices to fall to slow higher-cost rival supply.
OPEC, along with Russia, is unlikely to change tactics. OPEC and Russia will continue to produce as much as possible in order to squeeze out higher cost producers.
Will it really work?
The reduction in U.S. drillers is like a drop in the Ocean and will not change much as far as the oversupply is concerned. The big three, Russia, OPEC and the U.S., must sit down together and sort out what can be done. As it is now they are all depleting their resources against very little money in the name of market shares.
The dollar surged to a three-month high and European and Asian stock markets dipped on Thursday as expectations hardened of the first rise in U.S. interest rates in almost a decade coming next month.
Federal Reserve chief Janet Yellen and two senior colleagues pointed to December as a “live possibility” for a rise, adding to signs that the U.S. central bank is again on the verge of moving after months of vacillating over the domestic and global economy’s ability to deal with higher borrowing costs.
Source: Marine Bunker Exchange Hellenic Shipping News
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Tuesday, 06 February 24
INDIA'S COAL PRODUCTION INCREASES BY 10.3% TO 99.73 MILLION TONNE IN JANUARY - PTI
The country’s coal output rose 10.3 per cent to 99.73 Million Tonne (MT) in January, over the same month in the previous fiscal.
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Friday, 02 February 24
DRY BULK MARKET: THE DOWNWARD REVISION IN THE GROWTH OF CAPESIZE TONNE DAYS IN JANUARY WITH THE BCI DROPPING - MARIA BERTZELETOU
In the last week of January, the dry freight market sustained weakness in the Capesize segment, while the number of ballasters in the Southeast (SE ...
Friday, 02 February 24
COAL INDIA ACHIEVES NEARLY 80% OF ITS FY24 PRODUCTION TARGET IN TEN MONTHS - CNBCTV18
For the month of January, the company’s production grew by 9.1% from the same period last year to 78.4 Million Tonnes (MT), from 71.9 MT last ...
Thursday, 01 February 24
CHINA'S WIND, SOLAR CAPACITY TO OVERTAKE COAL IN 2024 - INDUSTRY BODY, REUTERS REPORTED
China’s installed wind and solar capacity is expected to overtake coal for the first time this year, according to industry forecasts.
&nb ...
Thursday, 01 February 24
ANTI-DEDUCTION CLAUSES: CAN A CHARTERER WITHHOLD HIRE WITHOUT AN OWNER'S CONSENT? - SKULD
KNOWLEDGE TO ELEVATE
Summary
In The Anna Dorothea, the Court found that where a charterparty provides that no deduction from hire may be m ...
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Showing 16 to 20 news of total 6846 |
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- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- White Energy Company Limited
- Posco Energy - South Korea
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Minerals Council of Australia
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
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