COALspot.com keeps you connected across the coal world

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


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

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 ...


Monday, 19 November 18
SUPRAMAX: THE BSI CONTINUED TO FALL LAST WEEK, ESPECIALLY THE ASIAN ROUTES - BALTIC BRIEFING
Capesize After a cut throat couple of weeks, the market finally appeared to have found a floor and rates ticked up. Those analysts that predict ...


   310 311 312 313 314   
Showing 1556 to 1560 news of total 6871
News by Category
Popular News
 
Total Members : 28,700
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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