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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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Thursday, 02 March 23
DRY BULK MARKET: THE WAY CHINA GOES, SO GOES THE MARKET - BIMCO
We expect demand growth within the 1.5-2.5% range in 2023, driven by China’s economic recovery. Improvements in consumer sentiment should hel ...
Thursday, 02 March 23
INDIA, CHINA DEMAND BOOST LOW-RANK THERMAL COAL PRICES IN ASIA - RUSSELL, REUTERS
Signs of stronger import demand from India have arrested the decline in price of the thermal coal grades most commonly sought by the world’s ...
Thursday, 02 March 23
INDIA CHEERS THE RETURN OF ‘KING COAL’ AS INDUSTRY SEES BUOYANT FUTURE - REUTERS
India’s coal industry celebrated the return of its major conference after a three-year pandemic hiatus by presenting a bullish view of demand ...
Wednesday, 01 March 23
GEO CONNECT ASIA RETURNS IN MARCH TO ACCELERATE THE REGION’S GEOSPATIAL AND LOCATION INTELLIGENCE CAPABILITIES
Press Release: The third edition of GCA will be held in conjunction with Digital Construction Asia and the inaugural Drones Asia – an event d ...
Wednesday, 01 March 23
THE DECLINE IN THE COAL PRICE SINCE THE BEGINNING OF THE YEAR HAS BEEN SIGNIFICANT - INTERMODAL
Last week, the front-month API2 future rose by 3.5%, but since the beginning of the year the future has fallen by 39% to $136.65/t, while the Newca ...
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- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Planning Commission, India
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Marubeni Corporation - India
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
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