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Saturday, 18 February 23
OIL UNLIKELY TO BREAK ABOVE $100/BBL THIS YEAR, J.P.MORGAN SAYS –- REUTERS
Brent oil prices are unlikely to breach the $100 a barrel level this year, barring any significant geopolitical drivers, with OPEC+ potentially adding supply and Russian flows recovering by mid-2023, J.P.Morgan analysts said in a note on Friday.
OPEC+, an alliance that includes members of the Organization of Petroleum Exporting Countries (OPEC) and others including Russia, is unlikely to defend the $80 price floor and hence would not need to cut production quotas this year, according to the note.
The group could instead add 400,000 barrels per day (bpd) to supply, it added.
Saudi Energy Minister Prince Abdulaziz bin Salman said on Thursday the current OPEC+ deal to cut production targets by 2 million bpd would be locked in until the end of the year.
With Russian output expected to see a full recovery by June and higher price levels preventing the U.S. from repurchasing to add to its strategic petroleum reserves, the supply-demand balance will likely tighten further, J.P.Morgan analysts said.
Global benchmark Brent crude futures were trading around $84 per barrel on Friday, on track for a weekly decline on bets that tighter U.S. monetary policy could crimp demand.
J.P.Morgan also maintained its estimate for top importer China’s oil demand growth of 770,000 bpd.
China is expected to import a record amount of crude in 2023 due to increased demand for fuel, mainly as people travel more following the dismantling of COVID-19 curbs, analysts said.
Source: Reuters
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Tuesday, 11 April 23
OIL RISES ON CHINA STIMULUS EXPECTATIONS, WEAKER DOLLAR - REUTERS
Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude sto ...
Sunday, 09 April 23
CHINA’S BUSINESS INCOME REBOUND POINTS TO IMPROVING ECONOMY: OFFICIAL - XINHUA
Chinese businesses have posted a strong rebound in sales revenue since the beginning of this year in the latest signal of an improving economy.
...
Sunday, 09 April 23
COAL INDIA TO BOOST SUPPLIES TO INDUSTRIES AS UTILITIES’ INVENTORIES RISE - REUTERS
Coal India Ltd will increase supplies to industries, the world’s largest coal miner said on Wednesday as fuel inventories at utilities run by ...
Thursday, 06 April 23
MARKET INSIGHT - INTERMODAL
LNG Current Supply/Demand Dynamics
This year, LNG supply will likely exceed demand, so prices will need to decline to levels that will encourag ...
Sunday, 26 March 23
EUROPE’S RUSH TO LNG COULD TURN INTO 'WORLD’S MOST EXPENSIVE AND UNNECESSARY INSURANCE POLICY'- CNBC
Europe’s rapid buildout of liquefied natural gas infrastructure is on track to far exceed demand by the end of the decade, according to new r ...
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- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- White Energy Company Limited
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Parliament of New Zealand
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- The University of Queensland
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Anglo American - United Kingdom
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
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