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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, 12 June 24
CHINA ACCOUNTS FOR 16.3% OF AUSTRALIA'S COAL EXPORTS, FOLLOWED BY INDIA 14.4% - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels says Banchero Costa in its latest report.
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Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...
Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...
Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...
Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
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Showing 21 to 25 news of total 6871 |
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Australian Coal Association
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
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