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

Thursday, 21 June 18
CHINESE REDUCED COAL IMPORT RESTRICTIONS - CAIXIN GLOBAL
Caixin Global reported that the Chinese government has reduced restrictions on coal imports at the nation’s major ports in response to concer ...


Thursday, 21 June 18
INDIAN GOVERNMENT ADMITS COAL SHORTAGE, ASKS DISCOMS TO IMPORT - TIMES OF INDIA
Times of India reported that the power ministry has advised all state governments and private power distribution companies to import coal as Coal I ...


Tuesday, 19 June 18
WCA RESPONDS TO BP STATISTICAL REVIEW OF WORLD ENERGY 2018
Responding to BP’s Statistical Review of World Energy 2018, Benjamin Sporton, Chief Executive of the World Coal Association (WCA) said, &ldqu ...


Wednesday, 13 June 18
U.S. COAL PRODUCTION TO DECLINE BY 2% TO 756 MILLION SHORT TONS MMST IN 2018 - EIA
EIA forecasts U.S. coal production to decline by 2% to 756 million short tons (MMst) in 2018.   According to EIA's Short-Term Ener ...


Wednesday, 13 June 18
SHIPPING MARKET INSIGHT - SOPHIE COTZIAS
2018 marks quite a few milestones for Greek Shipping. No need to detail again the greatness of Greek Shipping or the singular position that Greek s ...


   338 339 340 341 342   
Showing 1696 to 1700 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 ...

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