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.
|
|
Monday, 03 February 20
KOWEPO INVITING BIDS FOR 2.46 MILLION TONS OF MIN.5700 AND MIN.5600 NCV COAL
COALspot.com: South Korea’s Korea Western Power Co., Ltd. (KOWEPO) has issued an international tender for total 2,460,000 tons of (Sub) Bitum ...
Sunday, 02 February 20
NOVEL CORONAVIRUS OUTBREAK IN CHINA - STANDARD CLUB
Members will be aware of the recent novel coronavirus outbreak in China, which has now been declared a global emergency by the World Health Organis ...
Sunday, 02 February 20
SUPRAMAX: A 52,000DWT SHIP WAS FIXED BASIS DELIVERY SOUTH KALIMANTAN TRIP TO INDIA, AT $6,000 - BALTIC BRIEFING
Capesize
The week proved conspicuous for all the wrong reasons. This was the week when the Baltic Capesize Index (BCI) turned negative, closing ...
Saturday, 01 February 20
50 MILLION PEOPLE QUARANTINED IN CHINA TO CONTAIN SPREAD OF CORONAVIRUS - HOW DOES IT AFFECT SHIPPING? - BIMCO
The outbreak of the novel coronavirus, declared a global health emergency by the WHO, has caused massive uncertainty across the global markets with ...
Saturday, 01 February 20
THERMAL COAL MARKETS: 5 TRENDS TO WATCH OUT FOR IN 2020 - MINING REVIEW
The seaborne thermal coal market entered the year challenged by low priced LNG in the Atlantic and rapidly increasing supply in the Pacific.
&n ...
|
|
|
Showing 1156 to 1160 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
|
| |
| |
|
