COALspot.com keeps you connected across the coal world
  • MINERS WELCOME INDONESIA'S NEW JOBS BILL THAT COULD SPUR COAL GROWTH - REUTERS
  • FEB 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 66.89 A TON

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, 15 November 18
OIL MARKET REPORT: HEEDING THE WARNINGS - IEA
IEAIn last month’s Report, we noted that since the middle of the year oil supply had increased sharply, with gains in the Middle East, Russia and the United States more than compensating for falls in production in Iran, Venezuela and elsewhere. New data show that the pace has accelerated, and this higher output, in combination with Iranian sanctions waivers issued by the US and steady demand growth, implies a stock build in 4Q18 of 0.7 mb/d. Already, OECD stocks have increased for four months in a row, with products back above the five-year average. In 1H19, based on our outlook for non-OPEC production and global demand, and assuming flat OPEC production (i.e. losses from Iran/Venezuela are offset by others), the implied stock build is currently 2 mb/d.
 
In the August edition of this Report we described the replacement of Iranian and Venezuelan barrels as “challenging”, and that there was a danger of prices rising too high too fast. Producers have heeded the warnings and more than met the challenge and today, the Big Three, Russia, Saudi Arabia and the United States, all see output at record levels. Total non-OPEC production in August, the latest month for which we have consolidated data, was 3.5 mb/d higher than a year ago, with the United States contributing an extraordinary 3.0 mb/d. Russia’s crude output has hit a new record of 11.4 mb/d, with companies suggesting that they could produce even more.
 
In early October, the price of Brent crude oil reached a four-year high above $86/bbl, reflecting the legitimate fears of market tightness. In our view, this was a dangerous “red zone” and it justified calls for producers to raise output. Today, the price has fallen to a more reasonable level close to $70/bbl, well below where it was in May before the US announced its change of policy on Iran. Lower prices are clearly a benefit to consumers, especially hard-pressed ones in developing countries that are suffering from the additional handicap of weak national currencies. For now, forecasts of oil demand growth remain solid with an increase of 1.3 mb/d this year and an increase to 1.4 mb/d in 2019, even though the macro-economic outlook is uncertain.
 
We should also recognise the interests of the producers. For many countries, even though their output might have increased, prices falling too far are unwelcome. Ministers from the Vienna Agreement countries will meet in early December, but we have already seen suggestions from leading producers that supply could be cut soon if customers, seeing ample supply, rising stocks, and slumping refining margins, request lower volumes.
 
Although the oil market appears to be more relaxed than it was a few weeks ago, and there might be a sense of “mission accomplished” that producers have met the challenge of replacing lost barrels, such is the volatility of events that rising stocks should be welcomed as a form of insurance, rather than a threat. The United States remains committed to reducing Iranian oil exports to zero from the 1.8 mb/d seen today; there are concerns as to the stability of production in Libya, Nigeria and Venezuela; and the tanker collision last week in Norwegian waters, although modest in impact, is another reminder of the vulnerability of the system to accidents.
 
The response to the call by the IEA and others to increase production is a reminder that the oil industry works best when it works together. Regular contacts between key players are essential in creating understanding, and even though oil diplomacy has succeeded so far this year, it needs to be maintained to ensure market stability.
Source: IEA


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

Recent News

Monday, 17 February 20
COVID-19: THE EFFECT OF THIS PUBLIC HEALTH EMERGENCY ON CHARTERPARTY TERMS - GARD
KNOWLEDGE TO ELEVATE Is it useful to compare the COVID-19 with earlier disease outbreaks?   A comparison with the Ebola outbreak ...


Saturday, 15 February 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - REUTERS
China’s benchmark power coal price rose slightly during the past week.   The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...


Saturday, 15 February 20
CHEN ZHIDA: NOVEL CORONAVIRUS - IMPLICATIONS FOR CHARTERPARTIES - SHIPOWNERS' CLUB
KNOWLEDGE TO ELEVATE Last month, the Club issued a bulletin on the 2019 Novel Coronavirus (COVID-19) which explained the origin of the virus a ...


Saturday, 15 February 20
AFRAMAX: A MORE POSITIVE ATTITUDE EXISTED IN THIS SECTOR WITH RATES IMPROVING ON ALL ROUTES - BALTIC BRIEFING
VLCC The market in the Middle East was unmoved this week, with Chinese refiners continuing to slow imports, allied with the impact of the Coron ...


Saturday, 15 February 20
A 56,000DWT VESSEL WAS CONCLUDED BASIS DELIVERY SINGAPORE VIA INDONESIA REDELIVERY CHINA IN THE LOW $6,000S - BALTIC BRIEFING
Capesize Riding the downward momentum of the previous week, the market was always going to be hard pressed to make any sort of revival. With mu ...


   1 2 3 4 5   
Showing 11 to 15 news of total 5752
News by Category
Popular News
 
Total Members : 26,760
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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