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Tuesday, 03 October 17
ALLIED MARKET ANALYSIS
 It seems as though the future of the oil trade was once again put into the spotlight, as the Asia Pacific Petroleum Conference took place last week in Singapore. Being arguably one of the industry’s largest gatherings of traders and oil executives, many were anticipating a highly optimistic environment to be seen in the different discussions, as crude oil prices reached their highest level in two years on the very opening day of the conference, said George Lazaridis Head of Market Research & Asset Valuations of Allied Shipping in his latest weekly report.
According to George Lazaridis, many would agree that crude oil demand is steaming ahead at a rate much higher then what we have seen during the past two years, while with all this fresh demand, the excess supply glut that has overshadowed the market seems to be gradually dealt with. There were however those that still voiced concern, as to the long-term prospects of the industry, given that OECD countries seem to have already gone through their peak demand levels, while focus is constantly put towards a move away from energy sourced by fossil fuels and higher efficiency in energy consumption.
The main highlight however had more to do with the potential shifts in trade patterns, with the focus of the discussions being placed on the future of Chinese independent refineries. He further said, the China has already taken center stage in the crude oil market, having overtaken the U.S. as the world’s top crude oil importer. Its importance has been continually highlighted by the support and boost its import volumes have given the freight market of crude oil tankers, while it still holds the largest potential source for growth in demand, still playing a catch-up game with the West in terms of oil consumption per capita. At the same time, private refineries in China, often referred to as “teapot refiners”, have performed well, with their production levels having gradually intensified and now account for around a quarter of China’s total refining capacity. This has been despite the intense competition from the state-owned behemoths and the great challenges they have faced in terms of infrastructure issues, intense oversight by the government and limitations in the granting of fuel export licenses.
George Lazaridis of Allied further noted that, the most of these refineries operate in Shandong province and have relatively small refining capacity. This stellar performance has been the main driver in the renewed efforts being placed by private investors for a considerable expansion in the countries private refining capacity through the construction of a new generation of plants in Zhejiang and Liaoning provinces that will match in size some of the world’s largest refining facilities. One of these plants is being built on Zhoushan Island in Zhejiang province and is expected to have a refining capacity of 20 million metric tons a year when it is completed next year, while the plan is to double this figure by 2020.
This move would make it one of the biggest plants in the region matching facilities in Singapore, South Korea and India. Given that these new independent refineries would be well placed close to deep-water ports, they would attract considerable attention from a large number of oil producers and traders, likely boosting the VLCC Far Eastern trade. This gives, in theory, the crude oil carrier a new lease of life, promoting the trade of crude oil feedstock into China rather than refined oil products and petrochemicals.
There is a catch however, as around the same time that these new independent oil refiners come online, other refineries from oil producing nations such as Saudi Arabia’s Jazan project, Malaysia’s Rapid and Brunei’s Hengyi are expected to start operating, adding to the intense competition these Chinese newcomers will have to face, along with the excess capacity the sector as a whole still has to deal with George Lazaridis concluded in his report.
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Tuesday, 05 December 17
OIL PRICES HAVE GAINED SOME TRACTION THESE PAST FEW DAYS ON TALKS OF ANOTHER OPEC & RUSSIA PRODUCTION CUT EXTENSION - GERRY LATHROP
Oil prices have gained some traction these past few days on talks of another OPEC (including non-OPEC Russia) production cut extension.
The cu ...
Tuesday, 05 December 17
THE COKING AND THERMAL COAL RECORDING SMALL GAINS - DANIEL HYNES
Coal markets were higher, with both coking and thermal coal recording small gains, said Daniel Hynes Senior Commodity Strategist at ANZ in his late ...
Tuesday, 05 December 17
WEEKLY US COAL PRODUCTION ESTIMATES DIP WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.1 million short ton ...
Thursday, 30 November 17
CONTEMPLATING COAL'S CONTROVERSY AT COP23 - BENJAMIN SPORTON
Representing the coal industry at climate talks is never going to be an easy proposition. For many people, coal and climate action are incompatible ...
Wednesday, 29 November 17
THE LAST DAYS OF COAL? - ALIBRA SHIPPING
At least 15 countries have joined an international alliance to phase out coal use for power generation before 2030.
Britain, Canada, Denmark, ...
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Showing 1861 to 1865 news of total 6871 |
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- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Planning Commission, India
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
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