COALspot.com keeps you connected across the coal world
  • BUMA MINED 4.1 MMT OF COAL AND REMOVED 23.8 M BCM OF OVERBURDEN IN MARCH 2021. YEAR TO DATE, BUMA MINED 12.7 MMT OF COAL, WHICH INCREASED 5% YOY.
  • COAL FINANCING COSTS SURGE AS INVESTORS OPT FOR RENEWABLE ENERGY - THE GUARDIAN
  • INDIA MAY BUILD NEW COAL PLANTS DUE TO LOW COST DESPITE CLIMATE CHANGE - REUTERS
  • APRIL 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 86.68 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
Friday, 29 January 21
OPEC+, COVID-19 AND ENERGY TRANSITION - 3 THEMES IMPACTING OIL MARKETS AND REFINING IN 2021 - WOOD MACKENZIE
Wood MackenzieWood Mackenzie’s latest outlook report shows that the art of balancing oil markets and the refining sector in 2021 hinges upon three key themes – OPEC+ production, Covid-19 developments, and the energy transition.
 
Following 2020’s unprecedented oil demand shock amid the Covid-19 pandemic, Wood Mackenzie expects 2021 total liquids demand to average 96.7 million barrels per day (b/d), 6.3 million b/d higher than the 2020 annual level.
 
Wood Mackenzie vice president Ann-Louise Hittle said: “Our short-term forecast assumes vaccine distribution accelerating through 2021 and is underpinned by 5.0% expected growth in global GDP, according to our macroeconomic outlook, following the global economy’s 5.4% contraction last year.
 
“The pace and strength of the global liquids demand recovery will depend on the pace of Covid-19 vaccine distribution and global economic recovery.”
 
On the supply side, all eyes will be on OPEC+’s plan to ease production restraint. The group was due to ease its production restraint by 2 million b/d to 5.8 million b/d as of January 2021. But that has been waylaid by a complicated agreement made in December to bring output back in increments to be decided at the start of each month, along with the February-March additional voluntary cuts by Saudi Arabia.
 
Hittle said: “We are assuming output gradually rises from April as the group obtains the planned 5.8 million b/d restraint level by Q3 2021. But OPEC+ decisions are a huge uncertainty for this year. Can OPEC+ negotiate deals each month and remain committed to production restraint? Some production restraint is needed in 2021 for market balance, but compliance could wane with demand recovery.”
 
Over at US Lower 48, Hittle predicts that output will decline by around 500,000 b/d in 2021 on a year-on-year basis, a more moderate rate than in 2020. Rig activity is expected to continue to rise but much of the recovery rate is dependent on oil prices and the industry’s willingness to spend on volume growth again.
 
While there is a glimmer of hope in global crude production this year, the refining sector continues to battle challenges compounded by Covid-19, OPEC+ production cuts and new capacity additions.
 
Even with demand projected to increase strongly, 2021 refinery utilisation will remain low, hence the threat of refinery rationalisation remains. Over one million b/d of refining capacity will be completed in the Middle East and Asia this year; it remains to be seen if these new-build sites might prompt further rationalisation in Europe and across Asia.
 
Vice president Alan Gelder said: “In 2020, there was a surge in product stocks, particularly for middle distillates given the collapse in jet demand. High product stocks will slow the recovery in pricing, but will stocks return to prior levels?
 
“A rapid recovery in gasoline demand could lead to weak distillate prices as gasoline demand will set refining runs. The relative recovery in demand between products is important to watch. However, any material increase in crude runs will weaken the pricing of high sulphur fuel oil as its current high price reflects limited supply.”
 
Petrochemical integration and low freight rates changed the global pricing dynamics for diesel at the start of this year, depressing European prices, refining runs and margins. European prices are now below those of Singapore as Asian refiners are running at high rates. Oil demand in Asia has recovered faster and their integrated refinery/petrochemical sites are achieving attractive margins.
 
Low-cost freight, particularly on new VLCCs used initially in clean product service, is enabling Asian diesel to be exported long haul to Europe. This clears the local market, and supports local prices, but builds stocks in Europe, which then facilitates “reverse arb” flows, as the diesel is then moved from Europe to New York harbour.
 
Gelder added: “Key to watch is the completion of new-build VLCCs, European diesel demand recovery and the draw-down of floating stocks, along with increasing freight rates as to when diesel pricing strength returns to Europe. The critical question is when does the recovery in demand lead to more OPEC+ crude exports so these new VLCCs go into crude service and freight rates are pushed higher.”
 
One of the hottest topics in the refining sector this year is liquid renewables. The energy transition and the aspirations of many integrated oil companies to achieve carbon neutrality offers some hope to refineries under threat of closure.
 
Gelder said: “The traditional closure route for a refinery is conversion into a terminal, so retaining a role in the distribution infrastructure for liquid fuels. Now, there is the opportunity to repurpose these facilities to also produce liquid renewables.
 
“California’s Low Carbon Fuels Standard is supporting such conversion to produce renewable diesel, pulling in materials from all over the world, not just the US. Feedstock selection is key, as the availability of preferred feedstocks, such as used cooking oil, is limited. Material policy moves by Asian countries to support local biodiesel production and use could be disruptive to other regions, such as Europe, so is something to watch out for.”
Source: Wood Mackenzie


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

Recent News

Wednesday, 21 April 21
COAL FINANCING COSTS HAVE SURGED IN PAST 10 YEARS - UNIVERSITY OF OXFORD - THE GUARDIAN
Coal financing costs have surged over the last decade as investors demand returns four times as high as the payoff required from renewable energy p ...


Tuesday, 20 April 21
US DOLLAR LIBOR TRANSITION IN ASSET FINANCE - WHERE ARE WE NOW? - WATSON FARLEY & WILLIAMS
Since our last article, there has been a raft of regulatory and market body announcements relating to the transition away from LIBOR and the follow ...


Sunday, 18 April 21
INDONESIA LIKELY TO WITNESS 119 OIL AND GAS PROJECTS STARTS ACROSS VALUE CHAIN BY 2025, SAYS GLOBALDATA
Indonesia is expected to witness 119 oil and gas projects commencing their operations across value chain during 2021-2025, accounting for 6% of the ...


Sunday, 18 April 21
WORLDSTEEL RAISES 2021 STEEL DEMAND GROWTH FORECAST TO 5.8% - WORLDSTEEL
The World Steel Association (worldsteel) today released its Short Range Outlook (SRO) for 2021 and 2022. worldsteel forecasts that steel demand wil ...


Sunday, 18 April 21
CHINA'S Q1 COAL OUTPUT RISES 16% ON STRONG DEMAND FOR WINTER HEATING - REUTERS
China’s coal output rose 16% in the first quarter from the same period last year, bolstered by strong demand for winter heating and robust in ...


   1 2 3 4 5   
Showing 1 to 5 news of total 6276
News by Category
Popular News
 
Total Members : 27,393
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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