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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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Wednesday, 22 March 23
MARKET INSIGHT - INTERMODAL
The crude tanker market continues to gather momentum as we head towards the end of 1Q2023, against a backdrop of strong U.S. exports paired with a ...
Wednesday, 22 March 23
WILL LOWER GAS PRICES SPARK SWITCHING IN EUROPE AND ASIA?
Record high prices devastated demand for gas and LNG across Asia and Europe last year. But with prices falling, companies are starting to re-evalua ...
Monday, 20 March 23
NTPC MULLS 5.4 MILLION TONNES COAL IMPORT IN FIRST HALF OF 2023-24: PTI
State-run power giant NTPC is planning to import around 5.4 million tonnes of coal to meet the supply shortage during the first half 2023-24 fiscal ...
Monday, 20 March 23
S. AFRICA’S EXXARO RESOURCES SAYS COAL PRICES COOLING OFF - REUTERS
South Africa’s Exxaro Resources on Thursday posted a 28% jump in 2022 profit after seeing average coal prices surge more than 150%, but warne ...
Saturday, 18 March 23
RUSSIAN LNG EXPORTS TO EUROPE REMAIN HIGH - VESSELS VALUE
Russian LNG exports to Europe remained at very high levels in February at 3.6 million CBM, following a 13 month high in January of 4.1 million CBM. ...
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- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- CNBM International Corporation - China
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
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