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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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Thursday, 18 May 17
SOUTHEAST ASIA CAN ACCELERATE ACHIEVEMENT OF PARIS AGREEMENT GOALS - WCA
Low emissions coal in Asia reduces more CO2 emissions than renewable investment in Western Europe.
Investing in low emissions coal plants in S ...
Wednesday, 17 May 17
THE CHINESE IMPORTS ARE A BAROMETER FOR VESSEL UTILIZATION - INTERMODAL
According to economic data, China imports increased year-on-year 38% in February, 20% in March – which is approximately US$160-170b - w ...
Monday, 15 May 17
THE PORT OF NEWCASTLE HAS SHIPPED 0.99 PERCENT LESS COAL IN APRIL 2017
COALspot.com: The Port of Newcastle, Australia’s major trading ports, and the world’s largest coal export ports has shipped $AU 1,636.2 ...
Monday, 15 May 17
THE CAPESIZE INDEX ROSE SIGNIFICANTLY THIS PAST WEEK COMPARED TO PREVIOUS WEEK
COALspot.com: The Freight market slightly up this past week, as BDI and Cape shows a positive trend week over week.
The Baltic Exchange, track ...
Friday, 12 May 17
U.S. COAL PRODUCTION DOWN AGAIN WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 13.3 million short tons ...
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Showing 2046 to 2050 news of total 6871 |
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- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Australian Coal Association
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Economic Council, Georgia
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- MS Steel International - UAE
- White Energy Company Limited
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
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