We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 25 January 24
RED SEA SHIPPING DISRUPTIONS KEEP GEOPOLITICAL PREMIUM FOR COMMODITIES - FITCH RATINGS
 Shipping disruptions and re-routing away from the Red Sea will maintain the geopolitical premium in the main commodity markets, including for oil and gas, chemicals, and fertilisers, unless there are wider shipping – or production – disruptions in the region, Fitch Ratings says.
Heightened geopolitical risk, including the recent shipping disruptions, will maintain the oil price premium. However, without material disruptions to actual oil production, or a wider escalation of attacks to more vital oil transport routes in the region, we do not expect a strong upside to our USD80/bbl Brent price assumption for 2024, as there is material OPEC+ spare capacity.
Total oil shipments via the Suez Canal, the SUMED pipeline, and the Bab-el-Mandeb Strait accounted for about 12% of global oil seaborne trade in 1H23, according to EIA. Houthi attacks have primarily been concentrated in the narrow strait of Bab-el-Mandeb. Northbound oil shipments via the Suez Canal and the SUMED pipeline are directed to Europe, mainly from Saudi Arabia and Iraq. Southbound flows are primarily Russian oil exports to China and India following the EU sanctions on Russian oil imports.
BP, Shell, QatarEnergy, and many shippers have halted transit through the Suez Canal, with some shippers re-routing around Africa. This may marginally tighten the oil and gas markets, albeit temporarily, as supply chains need to adjust to the alternative route taking about a fortnight longer, but we do not anticipate any material impact on prices.
With over 5 million barrels per day (MMbpd) of OPEC+ spare capacity as of January 2024, and balanced global oil supply and demand, we expect the global oil market to remain well-supplied in 2024. This will cushion any impact from potentially protracted or escalated disruptions. IEA forecasts global oil demand growth to moderate to 1.2MMbpd in 2024 due to reduced world economic growth and China’s slower oil consumption growth. We expect continued healthy supply growth, supported by non-OPEC producers.
Our TTF gas price assumption for 2024 of USD12/mcf is unchanged. About 8% of global liquefied natural gas (LNG) trade is shipped via the Suez Canal. While LNG accounted for about 42% of EU gas imports in 2023, just under half of LNG imports came from the US, with Qatar accounting for 13%. We do not expect Qatar LNG re-routing around Africa in the short term, nor redirecting of US LNG flows to Europe and Qatar LNG to Asia, even if tensions in the Red Sea continue to affect supply.
Disruptions spreading to the Strait of Hormuz, a key global oil and gas transport route that shipped 20.5 MMbpd of oil in 1H23 (27% of global seaborne oil trade), or the crisis affecting oil and gas production volumes, would create more tangible repercussions for global oil and gas markets, with more sustained price increases.
Market conditions in European chemicals, which are dependent on Asian imports, have already fallen from top-of-the-cycle to below mid-cycle, driven by the slowdown in the global economy and destocking across the chemical supply chain. The sector may be further affected by supply disruptions due to delayed shipments via the Red Sea.
Fertiliser exports through the Red Sea account for about 7% of the global potash market, and around 5% of the world phosphate rock market. There have been few reports of fertiliser vessels being affected by attacks, while fertiliser exporters Israel’s ICL and Jordan’s APC reported normal operations from their Red Sea ports of Eilat and Aqaba, according to CRU. Shipping costs account for about 10% of fertiliser prices, and therefore rising freight rates will add pressure on profitability.
Source: Fitch Ratings
If you believe an article violates your rights or the rights of others, please contact us.
|
|
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 ...
Sunday, 08 January 23
ELEVATED COAL PRICE A DRAG ON MARGINS OF DOMESTIC BASE METAL PLAYERS: ICRA
The increased price of coal continue to be a drag on the margin of domestic base metal players with no immediate relief in sight, rating agency ICR ...
|
|
|
Showing 151 to 155 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
|
| |
| |
|
