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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, 21 October 20
INDIA: THE COMMERCIALISATION OF COAL BLOCKS WILL BENEFIT THE ECONOMY - HINDU BUSINESS LINE
As the government of India receives 76 bids for 23 coal mines against the 38 up on auction, what does this commercialisation of coal block allocati ...
Wednesday, 21 October 20
MARKET INSIGHT - INTERMODAL
The second wave of COVID-19 is now a reality; offices are closing again, and stricter rules and regulations are being implemented in public spaces. ...
Tuesday, 20 October 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.82 PCT - XINHUA
China Taiyuan coal transaction price index stood at 127.49 points Monday, up 0.82 percent week on week.
The index, released by China ...
Tuesday, 20 October 20
BIMCO 'SHIPLEASE' TERM SHEET - WATSON FARLEY & WILLIAMS
KNOWLEDGE TO ELEVATE
The ever-growing importance of sale and leaseback transactions as an alternative to financing ships by way of loan, makes ...
Friday, 16 October 20
KOMIPO ON BEHALF OF K GENCO'S INVITED BIDS FOR TOTAL 715,000 MT MIN. 5,700 NAR COAL FOR DECEMBER
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) on behalf of EWP, KOSPO, KOSEP and KOWEPO has issued an international tender for total 715,000& ...
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- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- The University of Queensland
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
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