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Wednesday, 25 January 17
MARKET INSIGHT - KONSTANTINOS KAKAVITSAS
 Remember that old but classic song called “Destination Unknown”? Well that is where the oil market is heading right now. The song made a splash with a catchy beat and a noticeable video clip reaching the top of the charts. The oil market on the other hand, may attract attention however, whether it will head for higher or lower levels remains very uncertain.
As far as the performance of the crude oil price is concerned, the signals we are getting are so far mixed, with discouraging fundamentals and optimistic headlines equally affecting prices. Both OPEC and Non-OPEC countries have agreed a production cut as a way to deal with the global oil glut and low prices, which resulted in the Brent blend rallying from $46/bbl to a peak of $57/bbl on 6th January, while it’s currently trading around $55/bbl. So far, so good for the big boys of oil but what about the long-term sustainability of these higher price levels?
Russia’s production reached record highs in December and the second-biggest oil producer seemed very happy at this year’s World Economic Forum not only due to their large oil-driven revenues so far, but also due to positive expectations deriving from the new US president who suggests to ease or even remove sanctions imposed on Russia. Even though Russia’s production plays a significant role, the bigger determinant leading to the persistence of the glut could be US shale oil producers. With notably more operating costs and thus a higher breakeven than other oil extractors, most of shale drillers had shut-down production during lower prices only to come back into profitable business at current levels. Finally, taking into consideration the fact that the US dollar has strengthened, hitting a 14-year high during December, pressure for lower price levels grow stronger.
Keeping this insight melodic, you might recall the lyrics of another popular song of the 90s; “Hello, hello, hello, how low?”. Could this be the tune for the tanker market in 2017? The dominant common factor for both the dirty and clean market is the large number of newbuilding deliveries that could potentially lead to lower freight rates. Saying that, as in the short-run tonnage supply will not significantly change; demand is expected to primarily drive the market in the following months. In the dirty sector, lower oil prices may drive demand for ships higher however; those already excessive inventories could be an obstacle to such rally. The outlook for product tankers falls no further from the mixed-signal environment the dirty market operates in, with the LR market seeing a record-high in vessel deliveries. Greater diversification with respect to trade routes and cargoes, especially in the MR market allow for wider range projections; still forecasts for demand growth for petroleum products making any prediction for the freight market challenging.
In conclusion, well, is there any yet? Amidst mixed fundamentals it would be careless to prematurely jump to any conclusions, as market sentiment has proved to be not only an unpredictable factor but also an influential one. Under the current state of uncertainty, it is still unclear whether the bears will prevail or the bulls will be justified and thus the only safe conclusion that can be reached is nicely summed-up in the title of another pop music hit called “Blank Space”.
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Tuesday, 08 August 17
COAL SALES DESTINATION IS DOMINATED BY DEVELOPING COUNTRIES IN ASIA - ADARO
COALspot.com: Adaro Energy has produced 13.27 million tonnes of coal during the second quarter of 2017, from the mines PT Adaro Indonesia, PT Semes ...
Tuesday, 08 August 17
KOMIPO INVITES BIDS FOR 5200 AND 5700 NAR COAL FOR Q4 2017
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for 420,000 Metric Tons of Bituminous coal ...
Monday, 07 August 17
INDIA'S THERMAL COAL IMPORTS HAVE FALLEN BY 16% YEAR-ON-YEAR IN THE FIRST FIVE MONTHS OF THIS YEAR
COALspot.com: The second quarter of 2017 was characterized by volatility in the coal market driven by policy measures and weather disruptions say A ...
Monday, 07 August 17
BUMA SIGNED $385 MILLION WORTH OF NEW CONTRACT WITH PT PADA IDI
COALspot.com: PT Delta Dunia Makmur Tbk., has announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), has entered into min ...
Monday, 07 August 17
THE SHIPPING INDEXES BOUNCE BACK THIS PAST WEEK
COALspot.com: The Freight market rose this past week compared to the previous week, as BDI, Cape and Panamax indexes show a positive trend week ove ...
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Showing 1981 to 1985 news of total 6871 |
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- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Parliament of New Zealand
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
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