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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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Tuesday, 17 January 23
CHINA'S SHANXI TARGETS 2023 COAL PRODUCTION OF NEARLY 1.37B TONS - XINHUA
China’s coal-rich province of Shanxi has set a coal production target of nearly 1.37 billion metric tons for 2023, according to a government ...
Tuesday, 17 January 23
MARKET INSIGHT - INTERMODAL
Rumor has it that the New Year has come, to set the pace in, for Russia to continue hostilities against Ukraine. Ten months on the go, into Russia& ...
Tuesday, 17 January 23
INDONESIA IS ACCOUNTING FOR 32.3% OF THE GLOBAL SEABORNE COAL MARKET IN 2022 - BENCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels, Benchero ...
Tuesday, 10 January 23
INDONESIAN HBA IS SEEING A SPIKE IN JANUARY 2023 INSTEAD OF A SIGNIFICANT FALL IN DECEMBER 2022
COALspot.com: Indonesian Coal Price Reference up 8.43% in January 2023.
HBA is seeing a dramatic spike in January 2023 i ...
Sunday, 08 January 23
INDIAN COAL POWER PLANTS SHOULD BE COMPENSATED FOR 2022 FORCED GENERATION – REGULATOR : REUTERS
Indian power plants that rely on imported coal should be fully compensated when forced to supply electricity, the country’s power regulator s ...
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- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
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