We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 15 November 18
OIL MARKET REPORT: HEEDING THE WARNINGS - IEA
 In 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.
|
|
Thursday, 22 November 18
SHUT OUT OF CHINA, U.S. COAL EXPORTERS FIND FAVOUR IN INDIA, FOR NOW - REUTERS
U.S. coal exporters have effectively lost a promising market in China since the imposition of tariffs as part of the ongoing trade dispute, but so ...
Wednesday, 21 November 18
SHIPPING MARKET INSIGHT - DIMITRIS KOURTESIS
Halfway through the fourth and last quarter of the year, we spot a significant change in freight rates for tankers trading dirty, as well as on the ...
Tuesday, 20 November 18
FREIGHT RATES IN THE CRUDE OIL MARKET HAVE ALREADY PICKED UP OVER THE PAST COUPLE OF WEEKS - YIANNIS VAMVAKAS
Current geopolitical developments between Iran and the US, which have led the latter to re-impose its sanctions, have significantly affected oil pr ...
Tuesday, 20 November 18
GOLDEN ENERGY AND RESOURCES LEADS A$249M BID FOR AUSTRALIA-LISTED STANMORE COAL - THE STRAITS TIMES
Singapore-listed Golden Energy and Resources (GEAR) is leading deals worth up to A$249 million (S$250 million) to acquire Australia-listed Stanmore ...
Monday, 19 November 18
INDONESIA'S LEADING EIGHT COAL MINER'S COAL MINING CONTRACTS ARE EXPECTED TO EXPIRE BETWEEN YEAR 2019 - 2025
The Ministry of Energy and Mineral Resources (ESDM) said, eight Coal Contract of Works (CCoW) will expected to expire between 2019 to 2026, Liputan ...
|
|
|
Showing 1556 to 1560 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
|
| |
| |
|
