We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 17 March 20
IT IS NOW UNQUESTIONABLE THAT 2020 WILL BE A MILESTONE YEAR FOR THE OIL MARKET, AS WELL AS THE WHOLE GLOBAL ECONOMY - ALLIED
 It is now unquestionable that 2020 will be a milestone year for the oil market, as well as the whole global economy. The impact from the COVID-19 outbreak will surely be considerable on oil trade, yet at this point it seems the tanker market has been taken by storm by the Saudi Arabia – Russia dispute on oil production output which has suddenly plunged oil prices to record lows while sending tanker freight rates to brand new highs, said Yiannis Vamvakas, Research Analyst of Allied Research.
Yiannis Vamvakas further noted that, the severity of this impact, the time-duration of all these developments, as well as the reaction from key market participants is extremely difficult to predict right now, yet it is worth reviewing some crucial points.
On the production side, Yiannis Vamvakas noted that, last week’s news that Saudi Arabia and Russia could not come to a mutual agreement and would ramp up production was definitely unexpected. Given the weakened global demand levels that have been noted of late, all this seems counterintuitive for both. The fact that these two producer giants could not reach an agreement had as a result Brent oil to slide close to US$33 per barrel, while WTI reached a price of just above US$31 per barrel.
Additionally, he said, it is worth mentioning that last week we witnessed the biggest daily oil price loss since the Gulf War of 1991, with a drop of around 25%. The disagreement between OPEC and Russia came after the latter’s refusal to support any further production cuts that OPEC proposed as a measure to counter the effects of the coronavirus outbreak.
According to local sources, Saudi Arabia has already decided to increase its crude production above 10 million bpd next month from its current level of 9.7 million bpd. Russia, at the same time, has stated that it could lift production as well and that it could cope with low oil prices for up to ten years. Meanwhile the plunge in oil prices below US$40 has had a crucial impact on the US shale oil market. Several key producers in the US have already decreased their drilling plans, while the rig count is expected to fall by more than 45%. All this is a stark reminder of 2014, yet this time around demand figures are not as encouraging, a fact that has further darkened outlook.
On the demand side, Allied Research noted that, the IEA announced that oil demand is expected to decrease in 2020 for the first time in more than a decade. More specifically, forecasts are showing that oil demand will drop by approximately 90,000 bpd, falling to 99.9 million bpd in 2020. The key reason for these developments is the impact of the COVID-19 outbreak on several key industries (such as the travel industry). Estimates are showing that jet fuel demand is likely to slump by 11% on an annual basis, from last year’s 7.2 million bpd. Meanwhile, one of the most for now has been Asia which encompasses some of the most significant importers. Current demand for oil in China is estimated to have declined by 1.8m b/d. Yet, given the latest developments, the impact will not be limited there, with Europe and the US now following through. On the positive side, oil consumption is expected to rebound and increase by 2.1 million bpd in 2021.
However, with oil producers now in the midst of a “battle”, market fundamentals are in a constant state of shift. Undoubtedly, the crisis that we are facing will most likely be temporary, but to what extent the market will be “scarred” in the long term is hard to predict right now. It is likely that we will see a robust demand rebound once this have calmed down, but it is difficult to see yet to what extent. For the time being, it looks as though the tanker market is basking in the windfall benefits that have come along, as to how long these benefits will last remains to be seen, Yiannis Vamvakas concluded in its latest weekly analysis report.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
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 o ...
Monday, 09 March 20
KOREA EAST-WEST POWER INVITED BIDS FOR 150,000 MT OF MIN 4,400 - MAX 5,499 NAR COAL
COALspot.com: KOREA EAST-WEST POWER CO. LTD. of South Korea has issued an international tender for total 150,000 MT of LCV coal for May – Jun ...
Sunday, 08 March 20
SUPRAMAX: A 55,000DWT VESSEL FIXING DELIVERY FROM EAST KALIMANTAN FOR A TRIP TO VIETNAM AT $9,100 - BALTIC BRIEFING
SUPRAMAX/ULTRAMAX - A 56,000DWT VESSEL FIXED DELIVERY SOUTH CHINA TRIP VIA INDONESIA, REDELIVERY EAST COAST INDIA, IN THE $6,000S
SUPRAMAX/U ...
Friday, 06 March 20
CHINA RESUMES 83.4 PCT COAL PRODUCTION CAPACITY AMID EPIDEMIC - XINHUA
China has resumed 83.4 percent of its coal production capacity amid the fight against the novel coronavirus outbreak, the National Energy Administr ...
Friday, 06 March 20
COLOMBIAN COAL OUTPUT FELL 2% IN 2019 - REUTERS
Coal production in Colombia, the fifth-largest coal exporter in the world, fell 2% to 82.2 million tonnes in 2019 after output at one of the princi ...
|
|
|
Showing 1081 to 1085 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- White Energy Company Limited
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
|
| |
| |
|
