COALspot.com keeps you connected across the coal world
  • MAY 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 61.11 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
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

Thursday, 28 May 20
COVID-19: A FORCE MAJEURE EVENT? - KYPRIANOU
KNOWLEDGE TO ELEVATE While seeing the unexpected COVID-19 outbreak expanding worldwide and the first cases being identified in Cyprus, the com ...


Thursday, 28 May 20
OIL DEMAND RECOVERED BY 20% IN MAY AGAINST APRIL: RUSSIAN ENERGY MINISTER - TASS
Oil demand remains at a low level but the demand in May increased by 20% against April, Russian Energy Minister Alexander Novak said, cited by the ...


Thursday, 28 May 20
MARKET INSIGHT - INTERMODAL
Earlier in May, China’s top leaders convened for the annual National People's Congress, following over two months of delays due to the co ...


Wednesday, 27 May 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.94 PCT - XINHUA
China Taiyuan coal transaction price index stood at 125.03 points Monday, up 0.94 percent week on week.   The index, released by China ...


Monday, 25 May 20
NON-OPEC OIL SUPPLY DEVELOPMENT - OPEC
Non-OPEC oil supply continued to increase by 2.0 mb/d in 2019, driven by US shale production, which rose by 1.7 mb/d, amounting to 84% of total non ...


   3 4 5 6 7   
Showing 21 to 25 news of total 5942
News by Category
Popular News
 
Total Members : 26,920
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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