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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 stockpiles.
Brent crude futures rose 63 cents, or 0.8%, to $84.81 a barrel at 0840 GMT, while U.S. West Texas Intermediate futures gained 68 cents, or 0.9%, to $80.42 a barrel.
Data from China showed consumer inflation in March at its slowest pace since September 2021, suggesting demand weakness persists amid an uneven economic recovery, which spurred expectations Beijing may take steps to boost growth.
“China’s March CPI is lower than expected, which may promote the Chinese government to further stimulate the economy,” said Tina Teng, an analyst at CMC Markets.
Crude futures also climbed as the dollar eased on expectations that the U.S. Federal Reserve is getting closer to ending its rate hike cycle. A weaker greenback makes oil cheaper for those holding other currencies.
“With more central banks pausing rate hikes, such as the Reserve Bank of Australia, Bank of Korea … the expectation for the Fed to further scale back its tightening policy has been strengthened,” Teng added.
Signs of strong March fuel demand in India, the world’s third-biggest oil consumer, also supported prices. Last month, fuel consumption jumped by 5% from a year earlier to a record 4.83 million barrels per day.
Oil futures have climbed more than 5% since the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia surprised the market last week with a new round of production cuts starting in May.
“The voluntary production cuts by some OPEC+ members should tighten the oil market further from May onwards and support oil prices,” said UBS analyst Giovanni Staunovo.
On the U.S. supply front, industry data on U.S. crude stockpiles is due on Tuesday. Five analysts polled by Reuters estimated on average that crude inventories fell by about 1.3 million barrels in the week to April 7.
A U.S. inflation report to be released on Wednesday could help investors gauge the near-term trajectory for interest rates.
Source: Reuters
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Australian Coal Association
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
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