Petcoke discounts enter cheap zone
Oil fell sharply to below US$80 and coal prices declined by more than 15 per cent as the USA and Iran’s MoU for 60 days calmed the markets. Lower bunker prices have seen freight...
Energy Prices
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High volatility based on war and lockdown of Strait of Hormuz
The USA/Israel-Iran conflict and double blockade of the Strait of Hormuz have dominated the markets, with statements from both sides prolonging volatility in oil and other marke...
War and outcome of talks dictate the energy markets – petcoke back in expensive zone towards coal
At the time of writing (early April) a ceasefire between the USA and Iran has been declared, leading to massive falls in the energy complex. The first weekend of talks ended wit...
USA-Venezuela action setting the stage for lower medium-term oil and petcoke prices – petcoke higher on lower freight rates
The year began with negotiations between Ukraine, the USA and Europe trying to put together a Ukraine peace plan which Russia can accept. Focus then shifted with the US military...
Petcoke up and discounts down as coal keeps sliding in geopolitical waiting game
September through to early October became a wait-and-see period as geopolitical events continue to unfold. The war in Ukraine shows few signs of progress although several episod...
Energy crisis - plant closure warning
CEMBUREAU this week called for urgent action at a European and national level to help tackle the rising cost of energy, which it warns “will lead to widespread plant closures ac...
Boral cuts back operations as energy prices soar
Boral Ltd has cut back its operations due to a surge in energy prices in Australia, according to Reuters. The company has reportedly not only curtailed some areas of its product...
Minister thanks by Spanish industry for energy auction agreement
Teresa Ribera, Spain’s third vice president and minister for the ecological transition and the demographic challenge, has been personally thanked for her efforts and commitment ...
Spain's cement sector closes plants as energy prices rocket
This week Spain's cement industry reacted to rising energy prices with the temporary closure of several cement plants. Cementos Portland Valderrivas, Tudela Veguin and FYM-Heide...
Ethiopia: Dangote plant attracted with cheap power deal
Dangote’s decision to establish a 2.5Mta cement plant in Ethiopia was motivated by a government guarantee of cheap electricity, Muhammadu Sanusi, the Emir of Kano, has claimed a...