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17 января, 07:01

Global steel industry’s ‘zombie’ rescue addiction

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The strong upturn in international steel prices since late 2016 has somewhat clouded over the fundamental problems that continue to hamper the industry, including overcapacity. Recent Chinese capacity closures have been well chronicled. However, few have noted the reality that global steel production actually expanded in 2017. Before the latest upturn, steelmakers failed to use […] The post Global steel industry’s ‘zombie’ rescue addiction appeared first on The Barrel Blog.

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16 января, 07:01

Lack of Japan spot tenders for Australian thermal coal highlights price transparency issue

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After an active December, Japanese buyers — including power generators and industrial end-users — have yet to launch any tenders for Australian thermal coal spot cargoes this month. “There are no tenders from Japan,” one market source said, adding that this is likely to remain the case for the entire month. In previous years, Japanese […] The post Lack of Japan spot tenders for Australian thermal coal highlights price transparency issue appeared first on The Barrel Blog.

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15 января, 10:15

Oil sector keeps open mind on blockchain

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Blockchain, the distributed ledger technology which was possibly the hottest tech topic in the energy sector in 2017, has still to prove itself as more than hype in the oil sector. While electricity companies and grid operators see huge potential in digitalization in general and blockchain in particular to make power stations and grids more efficient, for […] The post Oil sector keeps open mind on blockchain appeared first on The Barrel Blog.

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12 января, 08:45

China encouraging electric arc furnace capacity expansion?

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Monday’s release by China’s Ministry of Industry and Information Technology of revised steel capacity replacement measures has sparked market debate about MIIT’s real intentions regarding electric arc furnaces. Some pundits Tuesday were adamant the new rules encourage the replacement of converters with EAFs and would result in net EAF steel capacity expanding. MIIT’s revised measures, […] The post China encouraging electric arc furnace capacity expansion? appeared first on The Barrel Blog.

10 января, 15:30

IMO 2020, a shipping regulation that may reshape global coal trade

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It is not uncommon for people in various commodity sectors to believe that their markets exist in some kind of a happy bubble, where only the obvious supply and demand forces or targeted regulations can make or ruin their day. This often applies to the world of coal too. Shipping is a perfect example of […] The post IMO 2020, a shipping regulation that may reshape global coal trade appeared first on The Barrel Blog.

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10 января, 07:01

Jan-Dec energy price averages rally late in first year of Trump: Of Presidents and Prices

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Seven of the benchmark commodity prices being tracked by S&P Global Platts since US President Donald J. Trump took office closed out 2017 higher than when President Obama left. Until Q4 2017, most commodity prices had struggled to see their 2017 running averages match — or surpass — their levels on the last day Obama […] The post Jan-Dec energy price averages rally late in first year of Trump: Of Presidents and Prices appeared first on The Barrel Blog.

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09 января, 07:01

December sees lower crude imports from Iraq, Latin America: In the LOOP

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Following a year-end selloff of crude to trim taxes on US Gulf Coast inventories, crude imports at the Louisiana Offshore Oil Port fell 3.235 million barrels month on month to 8.021 million barrels in December, according to US Customs Bureau and Platts Analytics data. Imports of Middle Eastern crude fell 4.37 million barrels month on month — […] The post December sees lower crude imports from Iraq, Latin America: In the LOOP appeared first on The Barrel Blog.

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08 января, 07:01

Five oil market myths that need dispelling: Fuel for Thought

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The oil market has come to be defined by several narratives over the past couple of years: market rebalancing, OPEC versus shale, Russia’s delicate relationship with OPEC, OPEC’s conformity with production cuts with the latest deal extension running to end of 2018 and shale’s resilience to lower prices. But these frameworks have created a narrow ideology that could […] The post Five oil market myths that need dispelling: Fuel for Thought appeared first on The Barrel Blog.

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04 января, 07:20

LOOP Sour becomes heavier, more sour for December: In The LOOP

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The US crude blend LOOP Sour was heavier and more sour in December, with about 52% of imported barrels consisting of heavy sour grades. In total, LOOP imported fewer barrels month on month of Iraqi Basrah Light and Kuwait Export crude. The oil terminal allocates one of its eight underground caverns to a medium sour blend […] The post LOOP Sour becomes heavier, more sour for December: In The LOOP appeared first on The Barrel Blog.

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03 января, 10:23

Coal’s future in Asia is far from bleak

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The one question that I get asked every other day is “What’s the future of coal in Asia?” Especially after the Paris Climate agreement a couple of years ago, where 196 countries signed a pact to reduce carbon emissions by 2022. No doubt renewable energy capacity additions have picked up pace since then, but is […] The post Coal’s future in Asia is far from bleak appeared first on The Barrel Blog.

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22 декабря 2017, 14:59

LME ferrous scrap contract spread to underlying market persists: analysis

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With the London Metal Exchange’s ferrous scrap futures contract clearing a record 500,000 metric tonnes last month, we take a closer look at market fundamentals driving up both physical and forward prices for obsolete scrap in recent weeks. Spot prices for HMS #1&2 80:20 CFR Turkey were range-bound for the first half of November, with […] The post LME ferrous scrap contract spread to underlying market persists: analysis appeared first on The Barrel Blog.

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21 декабря 2017, 08:01

Do oil hubs dream of electric vehicle fleets? Singapore certainly does

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Earlier this month, Asia’s largest oil trading hub, Singapore, launched its first electric vehicle-sharing service with 80 cars and 30 charging stations. This will eventually hit 1,000 electric cars and 500 stations with 2,000 charging points. The service was launched by BlueSG, a subsidiary of France’s Bolloré Group that runs the world’s largest electric car sharing […] The post Do oil hubs dream of electric vehicle fleets? Singapore certainly does appeared first on The Barrel Blog.