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Monday, 20 July 20
OIL PRICE OF $40-43 PER BARREL MORE OR LESS BALANCED - NOVAK | TASS
.png) The Russian Ministry of Energy considers the current oil price of $40-43 per barrel more or less balanced and does not expect price changes after the weakening of the OPEC+ production restrictions, Energy Minister Alexander Novak told reporters.
“No, we do not expect it, because the market is already conscious of it,” he said, answering a question about whether a change in oil prices is expected in connection with the transition of OPEC+ to some growth in production.
Speaking about the price expectations, Novak said that “now [the oil price] has been holding for a month at the level of $40-43, the price is more or less balanced.”
Extra oil supplies
Oil companies will independently make decisions on the supply of additional oil produced in connection with the growth of production under OPEC+, but it is important to ensure the Russian market first, Russian Energy Minister Alexander Novak told reporters.
“Of course, companies make decisions regarding the execution of their contracts, agreements, but it is important for us to provide for the domestic market, it usually grows in summer. We are increasing it by about 400,000 barrels [per day],” Novak said, answering a question about how much oil can go to the domestic market and how much to export, after Russia begins to increase production as part of the weakening of OPEC+ quotas.
Earlier, Novak said that Russian oil companies, as was previously assumed under the OPEC+ deal, would be able to increase production by 400,000 barrels per day in August 2020 in proportion to their production level.
The OPEC+ agreement entered into force on May 1, it assumes a reduction in oil production by the alliance countries by 9.7 mln bpd during May-July. Russia and Saudi Arabia, according to the agreements, will reduce oil production by equal shares – 2.5 mln bpd from the base level of 11 mln bpd. The agreements will be in effect for two years, but from August to December 2020, 7.7 mln bpd will be cut within the framework of the deal, and from January 2021 to the end of April 2022 – 5.8 mln bpd. The deal’s parameters may be revised in December 2021.
In June, Russia completed the OPEC+ deal to reduce oil production by 99%, reducing oil and condensate production by 16.6% to 38.16 mln tonnes. In August, a smooth transition to production recovery will begin, as stipulated in the agreement. At the same time, companies will increase their volumes in proportion to the level of their production.
Source: TASS
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Wednesday, 25 November 20
DRY BULK SHIPPING: CHINA REMAINS THE DRIVING FACTOR, BUT COAL POLICY IS DISRUPTING THE MARKET - PETER SAND, BIMCO
The second half of the year has provided some cheer for the dry bulk market, with all ships in the spot market averaging earnings above the break-e ...
Wednesday, 25 November 20
CHINA KICKS AN OWN GOAL WITH AUSTRALIAN COAL - FORBES
China’s annoyance at Australia’s hardline stance on political interference and demands for an independent inquiry into the root cause o ...
Wednesday, 25 November 20
MINISTER - INDONESIA JAN-OCT COAL OUTPUT AT 459 MILLION TONNES - REUTERS
Indonesia coal output in the January to October period was 459 million tonnes, the country’s energy minister told parliament on Monday.
& ...
Wednesday, 25 November 20
INDIA: MORE STEPS NEEDED TO MAKE COMMERCIAL COAL MINING ATTRACTIVE TO GLOBAL PLAYERS - LIVEMINT
India concluded its first commercial coal mine auctions earlier this month. A total of 19 coal mines spread across Madhya Pradesh, Jharkhand, Odish ...
Wednesday, 25 November 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.38 PCT - XINHUA
China Taiyuan coal transaction price index stood at 129.21 points Monday, up 0.38 percent week on week.
The index, released by China ...
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- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- The University of Queensland
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Minerals Council of Australia
- Economic Council, Georgia
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Planning Commission, India
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
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