FOB discounts decrease but ARA discounts up
Coal, along with oil fell to US$100 on 21 December 2023, and OPEC+ introduced new cuts to support oil at US$75-80. However, oil rose due to naval attacks in the Red Sea and trou...
Energy
198 posts · Page 8 of 20
Oil pressures energy complex lower despite OPEC+ cuts while petcoke collapses, offering new high discounts towards coal
By Frank O. Brannvoll, Brannvoll ApS, Denmark The energy complex fell in November, with oil leading the way. The Israel-Gaza war continued but still without any contagion – and ...
Coal drops and petcoke-coal discounts fall
By Frank O. Brannvoll, Brannvoll ApS, Denmark The price of coal declined after the Israel-Gaza war premium was taken out and oil also moved down. Petcoke saw downward pressure b...
Ambuja Cements announces green power investment
Ambuja Cements has announced plans to invest INR60,000m (US$723m) in renewable energy, resulting in green power accounting for 60 per cent of its energy requirements. According ...
TNO report evaluates energy requirements of EU cement sector in 2050
TNO has produced a study for CEMBUREAU that investigates the energy requirements in the European cement industry by 2050. In the coming years, the energy needs of the EU cement ...
Energy complex lower on fading war premium while petcoke discounts fall as coal retraces
By Frank O. Brannvoll, Brannvoll ApS, Denmark The Israel-Gaza situation seems to be contained from spreading and the war premium has quickly faded as no disruptions in any marke...
Israel-Gaza war drives coal higher with petcoke reversing its drop
By Frank O. Brannvoll, Brannvoll ApS, Denmark Coal was driven higher by the energy complex responding to the Israel-Gaza war and is now at the top of the US$100-140 range. Petco...
MPA welcomes electricity network compensation in UK
UK producers of cement and lime have welcomed the government's plans to boost UK competitiveness through compensating for high network charges as part of the ‘British Industry S...
Drop in oil, reversed by new Middle East situation adding uncertainty, while petcoke discounts attract buyers again
By Frank O. Brannvoll, Brannvoll ApS, Denmark A geopolitics crisis emerged with the Hamas attack on Israel at the beginning of October. The European Central Bank raised interest...
Coal continues recovery while petcoke sees sharp fall
By Frank O. Brannvoll, Brannvoll Aps, Denmark Coal has continued its recovery with a higher energy complex, consolidating in the US$110-140 range and balancing Russian supply. P...