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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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Wednesday, 31 January 24
CHINA'S INNER MONGOLIA COAL OUTPUT HIT 1.21B TONS IN 2023 - XINHUA
North China’s Inner Mongolia autonomous region churned out 1.21 billion tons of coal in 2023 as it strives to guarantee the country’s e ...
Wednesday, 31 January 24
GAS EXPORTS COST U.S. CONSUMERS MORE THAN $100 BILLION OVER 16-MONTH PERIOD - IEEFA
Limited Demand Growth Could Dampen the Dry Bulk Market in the Coming Months BIMCOStarting in late 2021—before its invasion of Ukraine—R ...
Tuesday, 30 January 24
LIMITED DEMAND GROWTH COULD DAMPEN THE DRY BULK MARKET IN THE COMING MONTHS - BIMCO
Demand
In our base scenario, we expect cargo demand to grow by 0-1% in 2024 and 0.5-1.5% in 2025. This is a 0.5 percentage point reduction for ...
Friday, 26 January 24
RED SEA DIVERSIONS ADD NEARLY A MILLION DOLLARS PER VOYAGE TO SHIPPING COSTS WHILE DOUBLING TRANSIT TIME - LSEG
The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage whi ...
Friday, 26 January 24
HARD COAL GUARDIAN ANGEL OF THE ENERGY SUPPLY - GERMANY COAL IMPORTERS ASSOCIATION
- No security of supply without hard coal
- The Substitute Power Plant Provision Act (EKBG) must be extended
- Higher grid fees due to the ...
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- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Eastern Energy - Thailand
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
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