COALspot.com keeps you connected across the coal world
  • JUNE 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS FIXED AT US$ 81.48 A TON
  • SHARE YOUR CORPORATE COAL & SHIPPING NEWS WITH US - NEWS@COALSPOT.COM
  • WE WELCOME ARTICLE SUBMISSIONS FROM EXPERTS IN THE AREAS OF COAL, MINING, SHIPPING, ETC.

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
Friday, 12 April 19
OIL MARKET REPORT: MIXED SIGNALS - IEA
IEAThe huge increase in oil production we saw in 2H18 has reversed following the implementation of the new Vienna Agreement and the increasing effectiveness of sanctions against Iran and Venezuela. Production by OPEC countries in March was 2.2 mb/d lower than in November and now there is uncertainty concerning Libya. Production by non-OPEC producers in 1Q19 was 0.7 mb/d lower than in 4Q18. This turnaround in supply has contributed to a dramatic increase in prices, with Brent crude rising from $50/bbl at the end of December to more than $70/bbl today.
 
Tightness in the oil market, however, is not just a supply story. In recent months, the resilience of demand has received less attention than the vicissitudes of production, but it is very important too. Data for 2018 is still incomplete but we can be confident that demand growth was about 1.3 mb/d. As far as 2019 is concerned, amongst the analyst community there is an extraordinarily wide divergence of view as to how strong growth will be. We maintain our forecast of 1.4 mb/d, but accept that there are mixed signals about the health of the global economy, and differing views about the likely level of oil prices.
 
In terms of real numbers for 2019, although it is still early days the major centres of oil demand growth are performing strongly. In China, the economy seems to be reacting to the government’s stimulus measures with purchasing managers’ indices increasing and export orders recovering, although there are signs that air cargo volumes might be falling. Preliminary oil demand numbers for the January-February period show solid growth of 410 kb/d year-on-year. Elsewhere, demand was strong in the same period, with India growing by 300 kb/d, and the US, which continues to be supported by the petrochemical sector, by 295 kb/d.
 
Although the main sources of growth are doing well, there are mixed signals from elsewhere. Overall demand in the OECD countries fell by 0.3 mb/d y-o-y in 4Q18, the first such fall for any quarter since the end of 2014, and it is likely to have fallen again in 1Q19 due to weakness in some European economies, with perhaps more to come if there is a disorderly Brexit. There are uncertainties in Argentina and Turkey and signs of only modest demand recovery in the Middle East despite the stimulus provided by rising crude oil prices. Concerns about trade talks linger, and the mood will be influenced by the recent downgrade to global GDP growth by the International Monetary Fund, although it should be noted that the IMF does not expect a recession in the near term. Clearly, oil prices at $70/bbl for Brent, are less comfortable for consumers than they were at the start of the year and the IEA has regularly warned of the dangers of prices rising even higher. Only time will tell if our current demand forecast proves accurate, but the risks are currently to the downside.
 
When the first Vienna Agreement to cut oil production was made in 2017, progress was measured by total OECD stocks falling to the five-year average level. The second Agreement is underway, and data for February show that stocks are above the average by 16 mb. However, in terms of days of forward demand cover, which is a more relevant assessment, they are below it, and have been for some time. Incidentally, it is worth mentioning middle distillate stocks, particularly in light of January’s implementation of new International Maritime Organisation fuel specifications. If half the increase in marine gasoil demand resulting from the regulations were in OECD countries, about 540 kb/d, current middle distillate stocks would represent 29.3 days of forward cover, about 3.5 days below the average.
 
The oil market shows signs of tightening as we move into 2Q19, but we see mixed signals in terms of the outlook for demand and whether stock levels are yet “normal”.
Source: IEA


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

Recent News

Monday, 03 June 19
SUPRAMAX: A 61,000 TONNER OPEN NORTH CHINA, FIXING A TRIP VIA INDONESIA, REDELIVERY SOUTHEAST ASIA AT $7,500 - BALTIC BRIEFING
Capesize The market continued its steady ascent over the past week to improved levels. The TC average opened the previous week at $12,243 and c ...


Wednesday, 29 May 19
SHIPPING MARKET INSIGHT - INTERMODAL
Reflecting on the first quarter of 2019, the product tanker market was healthy, with average earnings significantly up compared to the first quarte ...


Sunday, 26 May 19
SUPRAMAX: A LIMITED ACTIVITY WAS REPORTED, WITH THE UPCOMING INDONESIAN HOLIDAYS SLOWING COAL MOVEMENTS - BALTIC BRIEFING
Capesize The past week marked one of the busier periods for Capesizes this year. With a subdued start due to a public holiday in Singapore on M ...


Wednesday, 22 May 19
SHIPPING MARKET INSIGHT - INTERMODAL
The ship repair sector is showing a constant and gradual increase on the workload throughout the past months, with almost all the shipyards worldwi ...


Saturday, 18 May 19
SUPRAMAX: 56,000DWT OPEN PANJANG FIXING AT $10,500 FOR A TRIP VIA INDONESIA, AND REDELIVERY CHINA - BALTIC EXCHANGE
Capesize The market continues to ebb and flow with a generally positive up trend. The Capesize 5TC opened with upward momentum from last week&r ...


   3 4 5 6 7   
Showing 21 to 25 news of total 5496
News by Category
Popular News
 
Total Members : 26,270
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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