We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Monday, 09 March 20
OPEC+ 'NO DEAL' A BLOW TO THE MARKET - WOOD MACKENZIE
 Speaking after today’s OPEC+ meeting broke up, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said: “Today’s outcome is a psychological blow for the market, as the steep plunge in oil prices shows.
“And the market is now facing the spectre of unrestrained production once the current OPEC+ agreement expires in March.
“However, we do not think Saudi Arabia will push hard to lift their output in the northern hemisphere spring.
“Given weak demand and the likelihood this weakness will persist into the second quarter, it will be hard for any producer to increase their output sharply once the original production deal expires at the end of this month.”
Demand risks
She added: “One factor to bear in mind is that the plunge in demand we saw in Q1 was created by circumstances in China. The country’s coronavirus (Covid-19) containment measures have been far more stringent than those imposed anywhere else, and are not likely to be copied elsewhere.
“The lack of a production deal carries risk. This would become apparent if global economic growth weakens and oil demand continues to contract more sharply than expected thanks to the double whammy of coronavirus containment measures and falling GDP.”
Hittle said: “Our current projection sees global liquids demand fall by 2.7 million b/d year-on-year in the first quarter of 2020, the first year-on-year decline on a quarterly basis since Q2 2009.
“It is the most severe decline since Q4 2008, the height of the 2008-2009 global economic crisis, which saw demand tumble by 2.8 million b/d year-on-year.”
Hittle said: “If the impact the coronavirus has had on global oil demand is sustained, then by the second half of the year we’d expect to see weaker GDP. This will have a far greater impact on oil demand than just temporary reductions in jet fuel and gasoline demand.
“A longer, sustained outbreak of coronavirus threatens to hit oil demand with a double whammy: already weak demand will soften further because of containment measures, and this will weaken GDP.”
What next?
What does this mean for OPEC and OPEC+? It would mean that the group would likely need to monitor economic indicators closely. It may even mean that they could be forced to call an emergency meeting during the second quarter.
She added: “A sustained bout of low oil prices will further reduce cash flow and investment into the US oil patch, causing further hits to Lower 48 production growth later this year. It takes at least six to nine months for reductions in spend to lead to lower oil production in the US Lower 48.
“In that time, their access to capital may be limited and their free cash flow badly hit.
“The only silver lining in a very dark cloud is for refining – the sector will be hit hard by weak demand, but it is at least saved from tightening crude differentials associated with a major cut in OPEC supplies.”
Source: Wood Mackenzie
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 19 February 20
AS OCEAN TEMPERATURES RISE, SHIPOWNERS LOOK FOR WAYS TO COPE - WARTSILA
The world is heating up, and its oceans are no exception. According to the International Panel on Climate Change (IPCC), the oceans absorb the majo ...
Wednesday, 19 February 20
MARKET INSIGHT - INTERMODAL
The coronavirus outbreak is estimated to negatively affect global economy by at least EUR400bn this year, representing around the 0.4% of global GD ...
Tuesday, 18 February 20
WEEKLY MARKET ANALYSIS - ALLIED
Under such poorly performing market circumstances, many usually take the historical approach, in order to better understand and further analyze the ...
Tuesday, 18 February 20
ADARO SHIPPED 27 PERCENT OF ITS TOTAL COAL PRODUCTION IN 2019 TO INDIA AND CHINA
PT Adaro Energy Tbk (AE) produced 58.03 Mt of coal from PT Adaro Indonesia (AI), Balangan Coal Companies and Adaro Me ...
Tuesday, 18 February 20
ADARO REMAINS POSITIVE ON THE LONG-TERM FUNDAMENTALS OF COAL MARKET SUPPORTED BY THE SOUTHEAST ASIA AND SOUTH ASIA REGION
The global seaborne thermal coal market in 2019 was faced with macro and industry challenges which pushed international coa ...
|
|
|
Showing 1121 to 1125 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- PTC India Limited - India
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- White Energy Company Limited
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
|
| |
| |
|
