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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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Friday, 24 July 20
IPA: THERMAL COAL IMPORTS AT MAJOR PORTS DECLINE 35 PC TO 17.71 MT IN APR TO JUNE - ECONOMIC TIMES
These ports had handled 27.13 MT of thermal coal and 14.95 MT of coking coal in the April-June period of the previous financial year
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Thursday, 23 July 20
KOREAN GENCOS INVITED BIDS FOR TOTAL 1.36 MILLION TONS OF BITUMINOUS COAL FOR OCTOBER 2020 LOADING
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) on behalf of EWP, KOSPO, KOSEP and KOWEPO has issued an international tender for total 1,360,00 ...
Wednesday, 22 July 20
CIL'S COAL SUPPLY TO POWER SECTOR DROPS OVER 21% TO 93.5 MT IN APR-JUN QUARTER - PTI
The supply of coal by state-owned Coal India Ltd to the power sector fell 21.7 percent to 93.5 million tonnes (MT) in the first quarter of the ongo ...
Monday, 20 July 20
KOREA MIDLAND POWER INVITED BIDS FOR TOTAL 2.520 MILLION MT OF BITUMINOUS COAL FOR THREE YEARS
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO), has issued an international tender for total 840,000 of Bituminous Coal to be used at Bo ...
Monday, 20 July 20
CHINA'S JUNE COAL OUTPUT FALLS 1.2% YEAR-ON-YEAR OVER ILLEGAL MINING CHECKS - REUTERS
China’s coal output dropped 1.2% in June on the year to 330 million tonnes, official data showed, as major coal mining areas cracked down on ...
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- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Australian Coal Association
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Planning Commission, India
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Parliament of New Zealand
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- The University of Queensland
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
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