We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please
click here .
To get the WTI oil price , please enable Javascript.
To get the BRENT oil price , please enable Javascript.
Thursday, 17 June 21
FITCH RATINGS RAISES SHORT-TERM OIL AND GAS PRICE ASSUMPTIONS
Fitch Ratings has increased its 2021 and 2022 oil price assumptions for the Brent and West Texas Intermediate (WTI) benchmarks due to stronger year-to-date prices, a deficit in the market caused by a recovery in demand, and constrained supply from OPEC+ countries and heightened US capital discipline.
We have also raised our 2021 and 2022 Title Transfer Facility (TTF) gas price assumptions. Increases in spot gas prices are being driven by low gas inventories in storage, strong demand in Asia, and recovering demand in Europe. All price assumptions from 2023 are unchanged.
Oil demand has been improving this year and is likely to continue to grow in 2H21 if vaccination rollouts are successful and pandemic-related restrictions are eased. New breakouts, particularly of new Covid-19 variants, remain the main risk for the sustained recovery in demand. Output policies of OPEC+ countries are key to managing oil supply. OPEC+’s planned production increases, originally agreed in April and confirmed in June, will help meet growing demand, but will be insufficient to balance the market in 2H21.
OPEC+ has spare capacity of about 7 million barrels per day (bpd), which should be sufficient to cover increasing demand in the short term. There is some uncertainty over how quickly production could ramp up relative to the pace of the recovery in demand, which may lead to price volatility. Furthermore, lifting of the sanctions against Iran could add about 1.5 million bpd of oil, although we believe that OPEC+ could mitigate the impact of additional output from Iran by slowing production increases.
Despite a rise recently, oil production in the US is still about 1 million bpd lower than in early 2020. US shale producers shifted capital allocation priorities towards debt reduction and measured shareholder returns over growth, which will moderate potential increases of US shale output, at least in the short term. The number of active US oil rigs is only half the pre-pandemic level, but is still about twice as many as in summer 2020.
TTF price rises are supported by strong demand in Asia and recovering demand in Europe (reinforced by cold weather and restocking after the winter), while supply increases have been insufficient to meet recovering demand, leading to low gas inventories in storage. Surging carbon prices in Europe have also contributed to gas price growth.
However, we believe the price rally in 1H21 is temporary. Once gas storage facilities are gradually filled during 2H21 and 2022 to their normal levels, demand should subside, leaving the market oversupplied.
Source: Fitch Ratings
If you believe an article violates your rights or the rights of others, please contact us .
Tuesday, 22 February 22
CHINA'S DAILY OUTPUT OF COAL REBOUNDS TO OVER 12 MLN TONNES - REUTERS
China’s coal output returned to more than 12 million tonnes per day as of Feb. 20, the country’s state planner said on Monday, a level ...
Thursday, 17 February 22
MAJOR INSTITUTIONS PROVIDED OVER $1.5 TRLN TO COAL SECTOR IN 2019-2021, SAYS NGO GROUP - REUTERS
Financial institutions channelled more than $1.5 trillion into the coal industry in loans and underwriting from January 2019 to November 2021, even ...
Thursday, 17 February 22
APAC THERMAL COAL PRICES TO EASE ON END OF INDONESIA EXPORT BAN - FITCH RATINGS
Fitch Ratings-Shanghai/Singapore-14 February 2022: APAC thermal coal prices are likely to come under pressure in the near term due to seasonally we ...
Tuesday, 15 February 22
IS ANOTHER COAL SHORTAGE CRISIS LOOMING OVER INDIA? - BUSINESS STANDARD
In December last year, the Federation of Indian Mineral Industries (FIMI) shot off a letter to the Prime Minister claiming that the coal crisis was ...
Tuesday, 15 February 22
THERMAL COAL'S RECORD PRICE RUN MAY END UP ITS OWN WORST ENEMY - REUTERS
The price of benchmark Australian thermal coal rose last week to trade near record highs, providing a short-term boost to producers but increasing ...
Showing 26 to 30 news of total 6550
Ministry of Transport, Egypt
Edison Trading Spa - Italy
Barasentosa Lestari - Indonesia
Mjunction Services Limited - India
Singapore Mercantile Exchange
Malabar Cements Ltd - India
Wilmar Investment Holdings
Sree Jayajothi Cements Limited - India
Eastern Energy - Thailand
Riau Bara Harum - Indonesia
Africa Commodities Group - South Africa
Salva Resources Pvt Ltd - India
Central Electricity Authority - India
Bukit Makmur.PT - Indonesia
Karbindo Abesyapradhi - Indoneisa
Siam City Cement PLC, Thailand
Ministry of Mines - Canada
London Commodity Brokers - England
Coastal Gujarat Power Limited - India
Simpson Spence & Young - Indonesia
Petrochimia International Co. Ltd.- Taiwan
Economic Council, Georgia
Heidelberg Cement - Germany
Kalimantan Lumbung Energi - Indonesia
Truba Alam Manunggal Engineering.Tbk - Indonesia
MS Steel International - UAE
Attock Cement Pakistan Limited
Alfred C Toepfer International GmbH - Germany
GMR Energy Limited - India
Bank of Tokyo Mitsubishi UFJ Ltd
Formosa Plastics Group - Taiwan
IEA Clean Coal Centre - UK
Global Coal Blending Company Limited - Australia
Dr Ramakrishna Prasad Power Pvt Ltd - India
Renaissance Capital - South Africa
Commonwealth Bank - Australia
Global Business Power Corporation, Philippines
Posco Energy - South Korea
Karaikal Port Pvt Ltd - India
Makarim & Taira - Indonesia
Gujarat Mineral Development Corp Ltd - India
McConnell Dowell - Australia
Metalloyd Limited - United Kingdom
Cement Manufacturers Association - India
Kohat Cement Company Ltd. - Pakistan
Intertek Mineral Services - Indonesia
LBH Netherlands Bv - Netherlands
Baramulti Group, Indonesia
Xindia Steels Limited - India
Miang Besar Coal Terminal - Indonesia
Bukit Asam (Persero) Tbk - Indonesia
Indo Tambangraya Megah - Indonesia
Timah Investasi Mineral - Indoneisa
Bahari Cakrawala Sebuku - Indonesia
Anglo American - United Kingdom
Parliament of New Zealand
Globalindo Alam Lestari - Indonesia
PowerSource Philippines DevCo
Maharashtra Electricity Regulatory Commission - India
AsiaOL BioFuels Corp., Philippines
Cigading International Bulk Terminal - Indonesia
PNOC Exploration Corporation - Philippines
Romanian Commodities Exchange
Vizag Seaport Private Limited - India
OPG Power Generation Pvt Ltd - India
Rashtriya Ispat Nigam Limited - India
Indonesian Coal Mining Association
ICICI Bank Limited - India
Manunggal Multi Energi - Indonesia
Lanco Infratech Ltd - India
The State Trading Corporation of India Ltd
Central Java Power - Indonesia
Interocean Group of Companies - India
Bulk Trading Sa - Switzerland
PetroVietnam Power Coal Import and Supply Company
Sarangani Energy Corporation, Philippines
Pipit Mutiara Jaya. PT, Indonesia
Georgia Ports Authority, United States
Neyveli Lignite Corporation Ltd, - India
CIMB Investment Bank - Malaysia
GVK Power & Infra Limited - India
Agrawal Coal Company - India
ASAPP Information Group - India
Eastern Coal Council - USA
Orica Mining Services - Indonesia
Electricity Generating Authority of Thailand
Coalindo Energy - Indonesia
Offshore Bulk Terminal Pte Ltd, Singapore
PTC India Limited - India
Trasteel International SA, Italy
Chamber of Mines of South Africa
Petron Corporation, Philippines
Sinarmas Energy and Mining - Indonesia
Larsen & Toubro Limited - India
Vedanta Resources Plc - India
Tata Chemicals Ltd - India
Planning Commission, India
Meenaskhi Energy Private Limited - India
Marubeni Corporation - India
Essar Steel Hazira Ltd - India
Thai Mozambique Logistica
Filglen & Citicon Mining (HK) Ltd - Hong Kong
Mercuria Energy - Indonesia
Australian Commodity Traders Exchange
Aboitiz Power Corporation - Philippines
Star Paper Mills Limited - India
Indian Oil Corporation Limited
Billiton Holdings Pty Ltd - Australia
South Luzon Thermal Energy Corporation
Uttam Galva Steels Limited - India
Minerals Council of Australia
Vijayanagar Sugar Pvt Ltd - India
Siam City Cement - Thailand
Samtan Co., Ltd - South Korea
Holcim Trading Pte Ltd - Singapore
Kumho Petrochemical, South Korea
Iligan Light & Power Inc, Philippines
New Zealand Coal & Carbon
SN Aboitiz Power Inc, Philippines
Videocon Industries ltd - India
Ceylon Electricity Board - Sri Lanka
Binh Thuan Hamico - Vietnam
Bukit Baiduri Energy - Indonesia
VISA Power Limited - India
Kapuas Tunggal Persada - Indonesia
White Energy Company Limited
Oldendorff Carriers - Singapore
Australian Coal Association
Deloitte Consulting - India
Dong Bac Coal Mineral Investment Coporation - Vietnam
Asia Pacific Energy Resources Ventures Inc, Philippines
SMG Consultants - Indonesia
Wood Mackenzie - Singapore
Standard Chartered Bank - UAE
Semirara Mining and Power Corporation, Philippines
Power Finance Corporation Ltd., India
Bhushan Steel Limited - India
SMC Global Power, Philippines
Bharathi Cement Corporation - India
Independent Power Producers Association of India
Straits Asia Resources Limited - Singapore
Rio Tinto Coal - Australia
Orica Australia Pty. Ltd.
Krishnapatnam Port Company Ltd. - India
Asmin Koalindo Tuhup - Indonesia
Borneo Indobara - Indonesia
TNB Fuel Sdn Bhd - Malaysia
Energy Development Corp, Philippines
Chettinad Cement Corporation Ltd - India
Kobexindo Tractors - Indoneisa
Indika Energy - Indonesia
Kideco Jaya Agung - Indonesia
Ministry of Finance - Indonesia
Altura Mining Limited, Indonesia
Kepco SPC Power Corporation, Philippines
Gujarat Sidhee Cement - India
Leighton Contractors Pty Ltd - Australia
The Treasury - Australian Government
Dalmia Cement Bharat India
Savvy Resources Ltd - HongKong
Grasim Industreis Ltd - India
Banpu Public Company Limited - Thailand
Bayan Resources Tbk. - Indonesia
Coal and Oil Company - UAE
Port Waratah Coal Services - Australia
Pendopo Energi Batubara - Indonesia
Ambuja Cements Ltd - India
Kartika Selabumi Mining - Indonesia
Meralco Power Generation, Philippines
Global Green Power PLC Corporation, Philippines
European Bulk Services B.V. - Netherlands
Gujarat Electricity Regulatory Commission - India
Parry Sugars Refinery, India
Mintek Dendrill Indonesia
GAC Shipping (India) Pvt Ltd
India Bulls Power Limited - India
Jindal Steel & Power Ltd - India
Thiess Contractors Indonesia
Goldman Sachs - Singapore
Sakthi Sugars Limited - India
Energy Link Ltd, New Zealand
Semirara Mining Corp, Philippines
IHS Mccloskey Coal Group - USA
Mercator Lines Limited - India
The University of Queensland
Jorong Barutama Greston.PT - Indonesia
Ind-Barath Power Infra Limited - India
Madhucon Powers Ltd - India
Sojitz Corporation - Japan
Carbofer General Trading SA - India
Bhoruka Overseas - Indonesia
Directorate General of MIneral and Coal - Indonesia
Indian Energy Exchange, India
Therma Luzon, Inc, Philippines
Directorate Of Revenue Intelligence - India
Antam Resourcindo - Indonesia
Price Waterhouse Coopers - Russia
TeaM Sual Corporation - Philippines
San Jose City I Power Corp, Philippines
Latin American Coal - Colombia
Merrill Lynch Commodities Europe
Sical Logistics Limited - India
International Coal Ventures Pvt Ltd - India
Medco Energi Mining Internasional
Aditya Birla Group - India
CNBM International Corporation - China
Indogreen Group - Indonesia
Electricity Authority, New Zealand
Tamil Nadu electricity Board
Toyota Tsusho Corporation, Japan
Bhatia International Limited - India
Kaltim Prima Coal - Indonesia
Jaiprakash Power Ventures ltd
GN Power Mariveles Coal Plant, Philippines
Bangladesh Power Developement Board
Maheswari Brothers Coal Limited - India
Sindya Power Generating Company Private Ltd