RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2022-12-07 11:40:00

RUSSIAN COAL EXPORTS UP

RUSSIAN COAL EXPORTS UP

BLOOMBERG - Dec 7, 2022 - Russia’s seaborne coal exports returned to near the highest levels on record after the European Union loosened restrictions on transporting the commodity, making it easier to redirect volumes to Asia.

Shipments in October were almost 16.6 million tons -- just shy of the level in June, which was the highest since at least 2017, figures from analytics firm Kpler show. Exports have slipped a bit since then, in line with normal seasonal volatility.

The EU banned the import of Russian coal and other goods into the bloc as of Aug. 10. In September, the European Commission issued revised guidance, saying that providing services -- like shipping, financing and insurance -- needed to transfer the coal and other products outside the EU should be permitted in order to fight energy and food insecurity worldwide.

Russia is traditionally among the world’s top three coal exporters, though the industry accounts for just a sliver of the Russian economy.

“Coal shipment destinations have changed since the start of the year with Turkey being one of the keys to Russian success, while China contributed too,” Kpler analyst Viktor Katona said by e-mail. Sales declined when the EU restrictions were in place in September, he added.

Kpler’s analysis is based on data for coking and thermal coal from ports, brokers and its analytics network. It doesn’t include Russia’s coal exports by rail.

Europe is still not allowed to import Russian coal, but European companies are now allowed to ship the commodity to third countries. Russian coal sales to Asia boomed immediately after Moscow’s invasion of Ukraine as it redirected some of its European exports, but the country faces higher shipping costs as it sells to customers further away.

Coal use has surged since the war began, as nations across the globe seek cheaper alternatives to volatile natural gas prices.

“It is possible that EU’s clarification of their coal sanctions eased concerns from operators over whether they could transport Russian coal,” said Filipe Gouveia, an analyst at international shipping organization Bimco. “However we believe a pickup in demand from cost-sensitive markets is more likely to be the cause for this increase.”

-----


Earlier:

RUSSIAN COAL EXPORTS UP
2022, December, 5, 11:50:00
RUSSIAN OIL SANCTIONS ANEW
The Group of Seven clinched a last-minute deal to cap the price of Russian crude at $60 per barrel.
RUSSIAN COAL EXPORTS UP
2022, December, 2, 09:55:00
RUSSIAN OIL PRICE LIMIT
In June the EU announced that, come December 5th, it would ban imports of Russian seaborne crude oil, which accounted for 2m barrels per day (b/d), or about 40% of Russia’s total crude exports, a year ago.
RUSSIAN COAL EXPORTS UP
2022, November, 30, 11:50:00
СТРАТЕГИЧЕСКОЕ ПАРТНЕРСТВО РОССИИ, КИТАЯ
«Хотел бы особо отметить позицию дружественного нам Китая, который последовательно выступает категорически против односторонних санкций. Надеемся, что КНР продолжит занимать независимую позицию в данном вопросе», – добавил Александр Новак.
RUSSIAN COAL EXPORTS UP
2022, November, 28, 10:05:00
RUSSIAN OIL FOR CHINA, INDIA
China and India now purchase two-thirds of all the crude exported by sea from Russia; at least half of the crude exported by pipeline from Russia also goes to China.
RUSSIAN COAL EXPORTS UP
2022, November, 23, 10:30:00
ЭНЕРГЕТИЧЕСКОЕ ПАРТНЕРСТВО РОССИИ, КИТАЯ
Стороны обсудили реализацию инвестиционных проектов, взаимодействие в области поставок нефти, газа, угля, а также проекты в области энергетики и атомной промышленности.
RUSSIAN COAL EXPORTS UP
2022, November, 21, 11:20:00
RUSSIAN ENERGY FOR CHINA $60 BLN
Oil imports from Russia rose 16% to 7.72 million tons last month, a volume topped only by Saudi Arabia, according to Chinese customs data.
RUSSIAN COAL EXPORTS UP
2022, November, 16, 10:55:00
RUSSIAN OIL FOR INDIA UP
From a market share of less than 1% in India's import basket before the start of the Russia-Ukraine conflict, Russia's share of India's imports rose to 4.24 million mt, or nearly 1 million b/d, in October, taking a 21% share comparable to that of Iraq and higher than Saudi Arabia's share of around 15% in the country's import basket in the same month,
All Publications »
Tags: RUSSIA, EUROPE, COAL, EXPORTS, IMPORTS
Chronicle:
RUSSIAN COAL EXPORTS UP
2023, February, 3, 11:10:00
GERMAN WIND ENERGY 7 GW
Germany targets 30 GW of offshore wind by 2030. The country had 7.7 GW of offshore wind installed capacity at the end of 2021.
RUSSIAN COAL EXPORTS UP
2023, February, 3, 11:05:00
INDIA GREEN TRANSITION $8 BLN
India plans to spend US$4.3bn on energy transition through the Ministry of Petroleum and Gas, including programs for green fuel, green energy, green farming, green mobility, green buildings, and green equipment and policies for efficient use of energy across various economic sectors.
RUSSIAN COAL EXPORTS UP
2023, February, 3, 11:04:00
OIL AND GAS AUTOMATION AND DIGITALIZATION 2023
Event Title: Oil and Gas Automation and Digitalization 2023 Conference Date: 03 - 04 May 2023 Event Type: In-Person Event Event Organizer: PTN Events
RUSSIAN COAL EXPORTS UP
2023, February, 3, 11:00:00
U.S. FEDERAL FUNDS RATE 4.5 - 4.75%
The Committee decided to raise the target range for the federal funds rate to 4-1/2 to 4-3/4 percent.
RUSSIAN COAL EXPORTS UP
2023, February, 3, 10:55:00
NORWAY PENSION FUND RETURNED -14.1%
In 2022, the Government Pension Fund Global returned -14.1 percent, equivalent to -1,637 billion kroner.
RUSSIAN COAL EXPORTS UP
2023, February, 3, 10:50:00
U.S. OIL INVENTORIES UP BY 4.1 MB TO 452.7 MB
U.S. commercial crude oil inventories increased by 4.1 million barrels to 452.7 million barrels.
RUSSIAN COAL EXPORTS UP
2023, February, 1, 12:30:00
OIL PRICE: BRENT BELOW $86, WTI NEAR $79
Brent gained 8 cents, or 0.1%, to $85.54 a barrel, WTI rose 20 cents, or 0.2%, to $79.07 a barrel.
All Publications »