COALspot.com keeps you connected across the coal world
  • THE MEoMR OF INDONESIA HAS REVISED DOWN DECEMBER 2018 COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS TO US$ 92.51 A TON
  • SHARE YOUR CORPORATE COAL & SHIPPING NEWS WITH US - NEWS@COALSPOT.COM

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Thursday, 13 April 17
OPEC OVER-DELIVERS ON OIL CUTS, BUT SEES RIVALS' OUTPUT RISING
OPECCrude Oil Price Movements
The OPEC Reference Basket averaged $50.32/b in March, representing a decline of 5.7% from the previous month. Crude futures also declined on concerns about growing oil output and high crude inventories in the US. ICE Brent ended 6.2% lower at $52.54/b, while NYMEX WTI decreased 7.1% to $49.67/b. The BrentWTI spread widened to $2.86/b, supporting US crude oil exports. Hedge funds liquidated their large net long positions in crude, contributing to the sharp drop in oil prices.

World Economy
The momentum in global economic growth has been improving resulting in an upward revision in the 2017 forecast to now stand at 3.3% from 3.2% previously, while growth for 2016 remains at 3.0%. OECD growth in 2017 remains at 1.9%, with the US and Euro-zone seeing no revisions. Japan’s 2017 growth forecast was revised up to 1.2% from 1.1% previously. China’s 2017 growth was also revised higher to 6.3% from 6.2%, while India’s forecast remains at 7.0%. Russia’s 2017 growth was revised up to 1.2% from 1.0%, while the forecast for Brazil is unchanged at 0.5%.

World Oil Demand
World oil demand growth in 2016 was kept broadly unchanged at 1.38 mb/d, averaging 95.05 mb/d. For 2017, oil demand growth is anticipated to be around 1.27 mb/d, following an upward revision of 10 mb/d to average 96.32 mb/d. The ‘Other Asia’ group – which includes India – is anticipated to lead oil demand growth in 2017, followed by China and OECD Americas. OECD Asia-Pacific is the only region anticipated to see a decline in oil demand in 2017.

World Oil Supply
Non-OPEC oil supply is estimated to have averaged 57.32 mb/d in 2016, representing a contraction of 0.69 mb/d y-o-y following a minor downward revision of 30 tb/d. In 2017, non-OPEC oil supply is projected to grow by 0.58 mb/d, following an upward revision of 176 tb/d due to higher than expected growth in the US and lesser contractions in Colombia and China, to average 57.89 mb/d. The US supply growth forecast was revised up by 0.20 mb/d to stand at 0.54 mb/d. OPEC NGLs and non-conventional oil production is forecast to grow by 0.13 mb/d in 2017, following growth of 0.14 mb/d in 2016. In March, OPEC production decreased by 153 tb/d, according to secondary sources, to average 31.93 mb/d. Product Markets and

Refining Operations
Product markets exhibited a mixed performance in the Atlantic Basin, as the lack of export opportunities for gasoline amid increasing inflows of middle distillates impacted the European market. Meanwhile, stronger domestic gasoline demand in the US ahead of the transition to summer grades lent strong support to refinery margins. In Asia, the lack of arbitrage amid increasing inflows into the region weighed on the market despite the onset of the spring refinery maintenance season.

Tanker Market
The tanker market showed a mixed pattern in March. VLCCs exhibiting an average decline of 23% m-o-m in spot rates on its various trading routes, as the tonnage availability remained abundant. In contrast, Suezmax and Aframax rates increased m-o-m by 13%, and 6%, respectively, mainly due to transit delays in the Turkish Straits, discharge delays in the east, and occasional tightening in tonnage supply. The market experienced higher monthly freight rates for clean tankers on most reported routes.

Stock Movements
Total OECD commercial oil stocks fell in February to 2,987 mb to now stand 268 mb above the latest five years average. Crude and product stocks indicated a surplus of around 227 mb and 41 mb, respectively. In terms of days of forward cover, OECD commercial stocks stood at 64.2 days, some 4.6 days higher than the latest five-year average Balance of Supply and Demand

Demand for OPEC crude in 2016 now stands at 31.7 mb/d, which is 1.9 mb/d higher than the 2015 level. In 2017, demand for OPEC crude is projected at 32.2 mb/d, around 0.6 mb/d higher than the 2016 level.
Source: OPEC


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 06 December 18
IN THE EAST, BIGGER SUPRA WAS FIXED CA US$ 10K FOR INDO-CHINA COAL ROUND - FEARNLEYS
Capesize There is cautious optimism for the Capes, with healthier volumes and improving rates in the Pacific. West Australia round is gradually ...


Thursday, 06 December 18
U.S. COAL CONSUMPTION IN 2018 EXPECTED TO BE THE LOWEST IN 39 YEARS - EIA
EIA expects total U.S. coal consumption in 2018 to fall to 691 million short tons (MMst), a 4% decline from 2017 and the lowest level since 1979. U ...


Thursday, 06 December 18
DEMAND RISKS WEIGH ON GLOBAL SHIPPING SECTOR OUTLOOK - FITCH RATINGS
The global shipping sector outlook remains negative reflecting the demand-side risks of protectionism and slower economic growth, Fitch Ratings say ...


Thursday, 06 December 18
CHINA REVISES MANAGEMENT RULES ON ESTABLISHMENT OF FULLY FOREIGN-OWNED SHIPPING BUSINESSES - XINHUA
Foreign shipping companies will find it easier to establish wholly-owned subsidiaries in China thanks to a revised regulation due to take effect on ...


Wednesday, 05 December 18
WORLD COAL PRICES FALL, WITH INDONESIA BENCHMARK FOR DECEMBER, ENDING AT LOWEST SINCE JUNE 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...


   1 2 3 4 5   
Showing 1 to 5 news of total 5332
News by Category
Popular News
 
Total Members : 25,664
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Ministry of Transport, Egypt
  • VISA Power Limited - India
  • GB Group - China
  • Infraline Energy - India
  • IMC Shipping - Singapore
  • Marubeni Corporation - India
  • KOWEPO - South Korea
  • Geoservices-GeoAssay Lab
  • Kaltim Prima Coal - Indonesia
  • Africa Commodities Group - South Africa
  • World Coal - UK
  • Coalindo Energy - Indonesia
  • Panama Canal Authority
  • Russian Coal LLC
  • Indian School of Mines
  • Merrill Lynch Bank
  • Adani Power Ltd - India
  • CCIC - Indonesia
  • APGENCO India
  • Eastern Energy - Thailand
  • OCBC - Singapore
  • Videocon Industries ltd - India
  • Kartika Selabumi Mining - Indonesia
  • Total Coal South Africa
  • TNB Fuel Sdn Bhd - Malaysia
  • Savvy Resources Ltd - HongKong
  • Lafarge - France
  • Gupta Coal India Ltd
  • Thermax Limited - India
  • Bangladesh Power Developement Board
  • Jatenergy - Australia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Kideco Jaya Agung - Indonesia
  • PLN - Indonesia
  • Electricity Generating Authority of Thailand
  • Coeclerici Indonesia
  • Heidelberg Cement - Germany
  • Peabody Energy - USA
  • Bhushan Steel Limited - India
  • Orica Mining Services - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • SMG Consultants - Indonesia
  • Economic Council, Georgia
  • PTC India Limited - India
  • Gujarat Mineral Development Corp Ltd - India
  • India Bulls Power Limited - India
  • Sucofindo - Indonesia
  • Simpson Spence & Young - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Kohat Cement Company Ltd. - Pakistan
  • Deloitte Consulting - India
  • Formosa Plastics Group - Taiwan
  • Kumho Petrochemical, South Korea
  • Cardiff University - UK
  • CoalTek, United States
  • Power Finance Corporation Ltd., India
  • DBS Bank - Singapore
  • Goldman Sachs - Singapore
  • Makarim & Taira - Indonesia
  • PetroVietnam
  • Enel Italy
  • UBS Singapore
  • Latin American Coal - Colombia
  • Clarksons - UK
  • MEC Coal - Indonesia
  • Siam City Cement - Thailand
  • Inco-Indonesia
  • Larsen & Toubro Limited - India
  • Fearnleys - India
  • Attock Cement Pakistan Limited
  • Bank of China, Malaysia
  • Tata Power - India
  • MS Steel International - UAE
  • Sojitz Corporation - Japan
  • Salva Resources Pvt Ltd - India
  • IHS Mccloskey Coal Group - USA
  • Bukit Asam (Persero) Tbk - Indonesia
  • New Zealand Coal & Carbon
  • Mitra SK Pvt Ltd - India
  • Ministry of Finance - Indonesia
  • Riau Bara Harum - Indonesia
  • McConnell Dowell - Australia
  • Berau Coal - Indonesia
  • Central Java Power - Indonesia
  • Barasentosa Lestari - Indonesia
  • Posco Energy - South Korea
  • Argus Media - Singapore
  • The India Cements Ltd
  • Ambuja Cements Ltd - India
  • ACC Limited - India
  • Agrawal Coal Company - India
  • Coaltrans Conferences
  • Kobexindo Tractors - Indoneisa
  • Energy Link Ltd, New Zealand
  • Jindal Steel & Power Ltd - India
  • Cemex - Philippines
  • Krishnapatnam Port Company Ltd. - India
  • PowerSource Philippines DevCo
  • Medco Energi Mining Internasional
  • Deutsche Bank - India
  • Indika Energy - Indonesia
  • Inspectorate - India
  • IEA Clean Coal Centre - UK
  • Cement Manufacturers Association - India
  • GVK Power & Infra Limited - India
  • Australian Commodity Traders Exchange
  • Edison Trading Spa - Italy
  • Grasim Industreis Ltd - India
  • Maruti Cements - India
  • GAC Shipping (India) Pvt Ltd
  • The State Trading Corporation of India Ltd
  • Holcim Trading Pte Ltd - Singapore
  • RBS Sempra - UK
  • Adaro Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Arch Coal - USA
  • Vijayanagar Sugar Pvt Ltd - India
  • Petrosea - Indonesia
  • ICICI Bank Limited - India
  • Malco - India
  • Interocean Group of Companies - India
  • Essar Steel Hazira Ltd - India
  • Alfred C Toepfer International GmbH - Germany
  • Thai Mozambique Logistica
  • CIMB Investment Bank - Malaysia
  • Straits Asia Resources Limited - Singapore
  • Credit Suisse - India
  • CESC Limited - India
  • U S Energy Resources
  • Sree Jayajothi Cements Limited - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Xstrata Coal
  • Indogreen Group - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Binh Thuan Hamico - Vietnam
  • Wilmar Investment Holdings
  • Cargill India Pvt Ltd
  • Neyveli Lignite Corporation Ltd, - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Kobe Steel Ltd - Japan
  • Ceylon Electricity Board - Sri Lanka
  • Platou - Singapore
  • London Commodity Brokers - England
  • Romanian Commodities Exchange
  • Bhatia International Limited - India
  • BRS Brokers - Singapore
  • European Bulk Services B.V. - Netherlands
  • Vedanta Resources Plc - India
  • Georgia Ports Authority, United States
  • Mercuria Energy - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • Samtan Co., Ltd - South Korea
  • Leighton Contractors Pty Ltd - Australia
  • Trasteel International SA, Italy
  • Surastha Cement
  • Indian Oil Corporation Limited
  • Arutmin Indonesia
  • Independent Power Producers Association of India
  • Ernst & Young Pvt. Ltd.
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • J M Baxi & Co - India
  • Mechel - Russia
  • IOL Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Minerals Council of Australia
  • Lanco Infratech Ltd - India
  • Manunggal Multi Energi - Indonesia
  • Toyota Tsusho Corporation, Japan
  • Antam Resourcindo - Indonesia
  • Sakthi Sugars Limited - India
  • Coal India Limited
  • UOB Asia (HK) Ltd
  • JPMorgan - India
  • globalCOAL - UK
  • Thriveni
  • ANZ Bank - Australia
  • Renaissance Capital - South Africa
  • JPower - Japan
  • Madhucon Powers Ltd - India
  • KEPCO - South Korea
  • Oldendorff Carriers - Singapore
  • Noble Europe Ltd - UK
  • Parliament of New Zealand
  • GNFC Limited - India
  • Mitsui
  • Siam City Cement PLC, Thailand
  • Rudhra Energy - India
  • Cigading International Bulk Terminal - Indonesia
  • Sical Logistics Limited - India
  • Permata Bank - Indonesia
  • Chamber of Mines of South Africa
  • Timah Investasi Mineral - Indoneisa
  • KPCL - India
  • Mintek Dendrill Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • Ind-Barath Power Infra Limited - India
  • NALCO India
  • Freeport Indonesia
  • Dalmia Cement Bharat India
  • Maharashtra Electricity Regulatory Commission - India
  • ETA - Dubai
  • TeaM Sual Corporation - Philippines
  • White Energy Company Limited
  • PNOC Exploration Corporation - Philippines
  • BNP Paribas - Singapore
  • Anglo American - United Kingdom
  • Aditya Birla Group - India
  • ING Bank NV - Singapore
  • Pinang Coal Indonesia
  • LBH Netherlands Bv - Netherlands
  • Maybank - Singapore
  • Indorama - Singapore
  • Intertek Mineral Services - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Merrill Lynch Commodities Europe
  • Price Waterhouse Coopers - Russia
  • Sindya Power Generating Company Private Ltd
  • SGS (Thailand) Limited
  • Ministry of Mines - Canada
  • Borneo Indobara - Indonesia
  • TNPL - India
  • Rio Tinto Coal - Australia
  • Sinarmas Energy and Mining - Indonesia
  • Commonwealth Bank - Australia
  • SUEK AG - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • EIA - United States
  • Bangkok Bank PCL
  • Asia Cement - Taiwan
  • Thomson Reuters GRC
  • WorleyParsons
  • Asian Development Bank
  • Bhoruka Overseas - Indonesia
  • Port Waratah Coal Services - Australia
  • Orica Australia Pty. Ltd.
  • Gujarat Sidhee Cement - India
  • Qatrana Cement - Jordan
  • Vale Mozambique
  • PLN Batubara - Indonesia
  • Gresik Semen - Indonesia
  • Bulk Trading Sa - Switzerland
  • Standard Chartered Bank - UAE
  • Uttam Galva Steels Limited - India
  • Maheswari Brothers Coal Limited - India
  • Billiton Holdings Pty Ltd - Australia
  • Indo Tambangraya Megah - Indonesia
  • McKinsey & Co - India
  • Altura Mining Limited, Indonesia
  • Cosco
  • Mitsubishi Corporation
  • Runge Indonesia
  • HSBC - Hong Kong
  • The University of Queensland
  • Malabar Cements Ltd - India
  • Directorate General of MIneral and Coal - Indonesia
  • Reliance Power - India
  • Coal Orbis AG
  • Directorate Of Revenue Intelligence - India
  • Barclays Capital - USA
  • Thailand Anthracite
  • KPMG - USA
  • Bayan Resources Tbk. - Indonesia
  • ASAPP Information Group - India
  • SASOL - South Africa
  • Vizag Seaport Private Limited - India
  • Maersk Broker
  • Xindia Steels Limited - India
  • Indonesian Coal Mining Association
  • EMO - The Netherlands
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Vitol - Bahrain
  • Pendopo Energi Batubara - Indonesia
  • Banpu Public Company Limited - Thailand
  • GMR Energy Limited - India
  • Samsung - South Korea
  • Shree Cement - India
  • Coal and Oil Company - UAE
  • Bharathi Cement Corporation - India
  • Shenhua Group - China
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Tanito Harum - Indonesia
  • bp singapore
  • GHCL Limited - India
  • Australian Coal Association
  • Humpuss - Indonesia
  • Mercator Lines Limited - India
  • Idemitsu - Japan
  • Globalindo Alam Lestari - Indonesia
  • South Luzon Thermal Energy Corporation
  • Miang Besar Coal Terminal - Indonesia
  • The Treasury - Australian Government
  • Moodys - Singapore
  • Indonesia Power. PT
  • CNBM International Corporation - China
  • Bukit Baiduri Energy - Indonesia
  • Global Coal Blending Company Limited - Australia
  • PetroVietnam Power Coal Import and Supply Company
  • TANGEDCO India
  • Bank of America
  • Star Paper Mills Limited - India
  • International Coal Ventures Pvt Ltd - India
  • Karaikal Port Pvt Ltd - India
  • Carbofer General Trading SA - India
  • Bukit Makmur.PT - Indonesia
  • Core Mineral Indonesia
  • Britmindo - Indonesia
  • Central Electricity Authority - India
  • Thiess Contractors Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • Tata Chemicals Ltd - India
  • SRK Consulting
  • NTPC Limited - India
  • Planning Commission, India
  • Japan Coal Energy Center
  • Wood Mackenzie - Singapore
  • World Bank
  • Tamil Nadu electricity Board
  • Bahari Cakrawala Sebuku - Indonesia
  • Singapore Mercantile Exchange
  • Jaiprakash Power Ventures ltd
  • Mjunction Services Limited - India
  • Metalloyd Limited - United Kingdom
  • Parry Sugars Refinery, India
  • Glencore India Pvt. Ltd
  • Ince & co LLP
  • Aboitiz Power Corporation - Philippines
  • Eastern Coal Council - USA
  • Coastal Gujarat Power Limited - India
  • IBC Asia (S) Pte Ltd
  • Platts
  • Meenaskhi Energy Private Limited - India