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Wednesday, 23 November 16
MARKET INSIGHT - CHRISTOPHER THOMAS WHITTY
The Organization of the Petroleum Exporting Countries (OPEC) is due to finalize a reduction in total production at its next scheduled meeting in Vienna on 30th of November. There has been however a lot of skepticism over whether OPEC will actually come to an agreement this time around seeing as a number of prior meetings have already proven to be unfruitful.
The 14-member group wants to limit output to around 32.5 million barrels per day (bpd) , compared with current levels closer to 34 million bpd, in an attempt to revive prices which have decreased ~42 percent over the last two years.
Of course, the main concern here is that the Saudis will have to shoulder the largest share of the cuts if that deal goes ahead and expects from other major oil producers within OPEC to actually commit to strict limitations on output. However, Saudi Arabia appears to once again be confident that a deal can be reached in its next ministerial meeting, which will be held on November 30th.
Non-OPEC producer Russia is supportive of this and several OPEC producers having signaled their willingness to reach a mutually acceptable decision. It looks like Iran is still lukewarm, and Iraq maintains that it should be exempt from a deal because of its fight with Islamic State militants.
There’s now a new consideration for the OPEC producers, which is of course Trump’s victory in the U.S. presidential election. The president-elect has targeted OPEC frequently during his campaign, accusing it of holding the U.S. hostage and threatening to block all imports from OPEC members like Saudi Arabia.
Donald Trump commented in March of this year that his “number-one priority is to dismantle the disastrous deal with Iran” and has threatened during the presidential campaign to rip up the deal Iran reached with international negotiators last year to limit its nuclear program in exchange for sanctions relief. Although Trump is unlikely to significantly change it without European cooperation, his rhetoric could potentially slow investment going into Iran, a large OPEC oil producer.
Dollar-denominated crude oil prices have been under pressure since Trump’s win U.S. crude oil futures fell as much as 4 percent immediately following Trump’s surprise win to a two-month low near $43 a barrel.
In any case however, Trump will probably not be able to make good on his energy in dependence promise anytime soon, if at all. The U.S. produces almost 4.5m barrels a day from shale and a little more of conventional oil. It still imports more than 7m barrels a day. A president’s power to sway the market, especially one as complex and interconnected as oil, is relatively limited.
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Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
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Showing 1 to 5 news of total 6846 |
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- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- The University of Queensland
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- VISA Power Limited - India
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
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