COALspot.com keeps you connected across the coal world
  • OCTOBER 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 51.00 A TON

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


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Wednesday, 29 April 20
OIL CLOSES IN ON PEAK OVERSUPPLY - WOOD MACKENZIE
Are we now deep in the abyss? Up to our necks in it, if the oil price is any guide. Brent has now tested sub-US$20/bbl in this downturn and WTI sub-zero, albeit briefly and in somewhat freakish circumstances. Where are the signs of stress across the oil value chain? And what are the prospects of finding an exit route to recovery? I talked it through with Ann-Louise Hittle of our Macro Oils team.
 
First, oil demand, which we think may be close to bottoming out. Decline has been sharp and deep as Covid-19 takes its toll on global economic activity. Much of the world is currently in lockdown, with more than 65% of the world’s population under travel restrictions. Global air travel and car use have nosedived in many countries. The big hit has been on jet fuel demand (down 50% year-on-year) and gasoline (down 25%). Diesel and fuel oil – used to transport goods by truck, ship and rail – have held relatively steady.
 
The net effect will be April’s demand falling by an average of 15 million to 18 million b/d year on year, based on the early April forecast from our Macro Oils Service. It’s a big number but may be bigger still on certain days or weeks in April and May. Some estimates have suggested declines of 20 million b/d or more.
 
A key question is when the global economic recovery that’s needed to kick start oil demand growth again will begin. Right now, we appear to be in limbo. India, France and the UK, among other big economies, have extended lockdowns into May. Italy, Spain, Austria and others have started to ease restrictions while several US states are considering re-opening in May. There are early signs of US gasoline demand stabilising.
 
China though is the model to watch as it emerges from lockdown. It has already started ratcheting up crude purchases in April to supply a reviving economy.
 
Second, inventory is building at superfast rates globally. Cushing, Oklahoma, is a microcosm of the wider picture. Oil prices in Texas have incentivised producers to send crude to the Cushing hub; weak demand from refineries in the Mid-West and Gulf Coast have kept it there. Storage tanks are filling up rapidly – the three largest weekly builds on record were in consecutive weeks from late March, based on Genscape’s proprietary twice-weekly tank monitoring.
 
Cushing’s tightening storage capacity played a central role in WTI’s ignominious dive into negative prices on 20 April, ahead of the May contract expiry. Traders and financial players were effectively ambushed – having to pay counterparties up to US$37/bbl to roll out of their expiring May contracts and into June.
 
Storage globally will stay tight so long as oversupply persists. Genscape estimates Cushing‘s spare capacity of up to 15 million b/d will be full within weeks, and other landlocked hubs – the Caspian for one – are in a similar position. But in reality, producers everywhere are worried their crude won’t be able to find a home.
 
Third, the world is still awash with supply, which unlike demand is still close to pre-crisis levels. Low prices have killed off new investment but have not yet had much impact on production. So far, we estimate barely one million b/d of onstream non-OPEC production has been shut in.
 
These are sizeable volumes but, given the scale of the market oversupply, insignificant. We estimate over 15 million b/d of production generates negative operating cash flow, now that prices have lurched lower. As storage fills up, more wells and fields will be shut-in during the coming weeks. Curtailed volumes will quickly mount up.
 
What must happen for the oil market to start rebalancing and prices to recover? May is important for supply, with OPEC+ cuts taking effect and removing up to 7 million b/d from the market by the end of the month. We expect a slow return to “normal” life in H2 2020 to help demand recover, though most likely staying below pre-crisis levels.
 
A strong bounce in demand as the world emerges from recession will be needed to soak up the overhang of inventory, which threatens to reach record levels by summer. Nothing, however, can be taken for granted while coronavirus still poses a threat to economic – and social – activity.
Source: Wood Mackenzie


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 19 November 20
MARKET INSIGHT - INTERMODAL
As we are moving towards the end of the year, the overall deal landscape of the dry bulk sector corresponding to the second half of 2020 (up to dat ...


Tuesday, 17 November 20
COAL SQUEEZE INTENSIFIES - BALTIC EXCHANGE
The message from the top is clear: cut out coal. While the regulatory pressure has been evident for some time, the race to banish the black stuff s ...


Tuesday, 17 November 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.35 PCT - XINHUA
China Taiyuan coal transaction price index stood at 128.72 points Monday, up 0.35 percent week on week.   The index, released by China ...


Tuesday, 17 November 20
AUSTRALIAN COAL EXPORTS TO CHINA SLUMP, BUT PRICES ARE MIXED - REUTERS
China’s unofficial ban on coal imports from Australia is starting to take its toll on volumes, with departing cargoes down sharply so far in ...


Friday, 13 November 20
SHIPPING OUTLOOK TURNS STABLE ON EBITDA GROWTH, IMPROVING SUPPLY-DEMAND BALANCE - MOODY’S
Outlook revised to stable from negative.   The global shipping industry is on course to perform better overall than we had previously ex ...


   1 2 3 4 5   
Showing 11 to 15 news of total 6147
News by Category
Popular News
 
Total Members : 27,167
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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