We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 20 November 19
SHIPPING MARKET INSIGHT - INTERMODAL
 While the market expects the next OPEC meeting, there are still no clear signs indicating that the organization will keep supporting oil prices, while some analysts are forecasting that a new supply glut could send oil prices crashing in early 2020. A sharp drop would increase the strain on some group members like Iran, Iraq, and Venezuela, which are already facing political unrest and economic crises. Furthermore, it would ripple through the rest of the industry, hitting the shale boom that has transformed the U.S. into the world’s biggest oil producer. “The prospect of oversupply looms over the market in 2020,” said Martijn Rats, global oil strategist at Morgan Stanley “Either OPEC deepens its cuts, or prices will fall to about $45 a barrel, and force a slowdown in U.S. shale that balances the market.”
It is noticed that the Saudis seem to have little appetite for further sacrifices. They already cut output more than twice as deep as initially foreseen in October, while others like Nigeria and Iraq haven’t delivered on their commitments, according to Bloomberg’s data. In addition, Russia faces less budgetary pressure compared to its OPEC counterparts, therefore less urgency to take action. Keeping the current level of cuts might be the right call if optimism about 2020 proves correct. The OPEC general secretary signaled last week that the pressure on the organization to intervene has abated, as the outlook next year is “brighter” because of surprisingly robust economic growth and a thawing of the U.S.-China trade war.
The market reaction to OPEC no additional cuts next year is rather bearish for prices. “The first half of next year will be extremely oversupplied,” said Bob McNally, president of Rapidan Energy Group and a former oil official at the White House under President George W. Bush. “To prevent swelling inventories and contain bearish price pressure in the first half, OPEC will have to cut again.” Same has been estimated from Total’s CEO Patrick Pouyanne, who said the producer group may be forced to act if prices slide further. “My feeling is that OPEC will react as the price moves below $60 a barrel,” Pouyanne added.
The downturn that might follow if OPEC doesn’t increase its efforts could be painful for many of the alliance’s members. For example it is being reported that Iran, with its exports already decreased due to the U.S. sanctions, may need a price triple than present levels to cover planned government spending next year. Venezuela’s oil production is also bleeding due to its economic collapse, while Iraq has violently suppressed protests against corruption and economic stagnation. Even Saudi Arabia, which requires a comparatively lower price in order to finance its government, also wants to avoid a price crash as it prepares the initial public offering of Aramco.
“The impact of a market downturn wouldn’t be limited to OPEC. American shale production has already slowed considerably as lower prices constrain drilling, productivity slackens and investors push companies to provide returns rather than invest in output growth. Drilling could plunge by 20% if OPEC avoids additional cutbacks” Morgan Stanley’s Rats said. Apart from falling prices, it seems that the group’s perceived strength would also be challenged if no extra support is extended next year and therefore despite any indications that this will most probably be the case, the organization might takes markets by surprise.
By Apostolos Rompopoulos
Tanker Chartering Broker
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms Eva Tzima
Mr.George Panagopoulos
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 30 November 19
IMO2020 GLOBAL SULPHUR CUT: GERMAN SHIPPING TO USE NEW TYPE OF FUEL VDR SURVEY
IMO2020 Global sulphur cut: German shipping to use new type of fuel VDR survey: Technical issues and costs are the biggest challenges - VDR
&nb ...
Saturday, 30 November 19
PANAMAX: LEVELS IMPROVED IN THE PACIFIC MARKET TOO WITH $11,000 BEING CONCLUDED ON AN 81,000DWT SHIP FOR AN INDONESIA TO CHINA COAL TRIP - BALTIC BRIEFING
Capesize
The market has been well supported over the past week, led primarily by the Atlantic Basin. After bottoming last week, sentiment was s ...
Friday, 29 November 19
FITCHRATINGS MAINTAINS NEGATIVE 2020 OUTLOOK ON SHIPPING, AS TIGHTER SUPPLY HELPS, BUT SOFTER DEMAND DRAGS
Fitch’s Sector Outlook: Negative
We maintain a negative sector outlook for global shipping because of the forecast slowdown of ...
Friday, 29 November 19
INDONESIA PRODUCES 390 MLN TONNES OF COAL IN JAN-SEPT: MINISTER - REUTERS
Indonesia’s production of coal for the January-September period was 390 million tonnes, Energy and Mineral Resources Minister Arifin Tasrif s ...
Wednesday, 27 November 19
SHIPPING MARKET INSIGHT - INTERMODAL
As the end of the fourth quarter is approaching, one could say that the wet market has maintained the strong pace observed during the third qu ...
|
|
|
Showing 1266 to 1270 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Planning Commission, India
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
|
| |
| |
|
