COALspot.com keeps you connected across the coal world
  • AUGUST 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 50.34 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

Saturday, 01 August 20
ASIA HOPE FOR LONG-TERM OIL DEMAND - BALTIC BRIEFING
Oil demand in Asia Pacific might be expected to plunge 1.8m barrels per day (bpd) this year, but there are still strong prospects for growth over t ...


Friday, 31 July 20
SHORT-TERM IMPACT ON THE CHEMICAL SHIPPING MARKET IF THE INDIA-CHINA DISPUTE ESCALATES - DREWRY
Due to the India-China dispute, the threat of deteriorating trade relations between the two countries has become real. Meanwhile, we expect freight ...


Friday, 31 July 20
PANAMAX: THE PERIOD MARKET REMAINS QUIET WITH FEW FIXTURES REPORTED - FEARNLEYS
Capesize After weeks of dropping rates, there are finally some resistance for the Capes. Pacific rounds improving to upper15,000s by the middle ...


Friday, 31 July 20
PANDEMIC SENDING SOUTH AFRICAN COAL INDUSTRY TO EARLIER GRAVE - IEEFA
Could South Africa’s coal export industry, one of the largest in the world, be about to take a severe hit from the coronavirus?   ...


Friday, 31 July 20
BOTSWANA PLANS MORE COAL-FIRED POWER AS AFRICAN SOLAR ACCELERATES - IEEFA
An African economic leader like Botswana should embrace solar to reduce subsidies and tariff hikes   As Sub-Saharan solar ambition has ...


   3 4 5 6 7   
Showing 21 to 25 news of total 6038
News by Category
Popular News
 
Total Members : 27,028
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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